Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: FSFR, FMER, TV

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Tomorrow, Thursday, May 28, 2015, 57 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 12.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Fifth Street Senior Floating Rate

Owners of Fifth Street Senior Floating Rate (NASDAQ: FSFR) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $10.14 as of 9:36 a.m. ET, the dividend yield is 12%.

The average volume for Fifth Street Senior Floating Rate has been 134,800 shares per day over the past 30 days. Fifth Street Senior Floating Rate has a market cap of $295.6 million and is part of the financial services industry. Shares are down 1.1% year-to-date as of the close of trading on Tuesday.

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Fifth Street Senior Floating Rate Corp. was incorporated in 2013 and is based in White Plains, New York. The company has a P/E ratio of 10.13.

TheStreet Ratings rates Fifth Street Senior Floating Rate as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Fifth Street Senior Floating Rate Ratings Report now.

Firstmerit

Owners of Firstmerit (NASDAQ: FMER) shares, as of market close today, will be eligible for a dividend of 16 cents per share. At a price of $19.70 as of 9:36 a.m. ET, the dividend yield is 3.2%.

The average volume for Firstmerit has been 856,300 shares per day over the past 30 days. Firstmerit has a market cap of $3.3 billion and is part of the banking industry. Shares are up 3.8% year-to-date as of the close of trading on Tuesday.

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FirstMerit Corporation operates as the bank holding company for FirstMerit Bank N.A. that provides various banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers. The company has a P/E ratio of 14.09.

TheStreet Ratings rates Firstmerit as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, increase in stock price during the past year and attractive valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Firstmerit Ratings Report now.

Grupo Televisa SAB

Owners of Grupo Televisa SAB (NYSE: TV) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $37.03 as of 9:37 a.m. ET, the dividend yield is 0.3%.

The average volume for Grupo Televisa SAB has been 1.3 million shares per day over the past 30 days. Grupo Televisa SAB has a market cap of $21.5 billion and is part of the media industry. Shares are up 9.2% year-to-date as of the close of trading on Tuesday.

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Grupo Televisa, S.A.B. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Telecommunications, and Other Businesses.

TheStreet Ratings rates Grupo Televisa SAB as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Grupo Televisa SAB Ratings Report now.

More About Dividends:

One benefit of owning a stock is the potential that you will be paid a dividend. The distribution of dividend payments is another way for a company to share its profit with you. A dividend means that the company pays you a certain amount of money, either as a one-time payment or more commonly on a quarterly basis, for each share of stock you own.

Many times, dividends come at the expense of greater price appreciation, because the company is distributing its profits to shareholders rather than reinvesting the profits back into the growth of the company. However, companies that pay dividends can be very attractive to investors when they offer a steady stream of income. There are some important terms and dates an investor should be familiar with before purchasing any dividend-paying companies. Let's work through an example to help better explain some of these terms:

On March 1, ABC Widget Company has decided that because it holds excess cash and lacks investment opportunities, it would like to reward shareholders with a regular quarterly dividend payment. The date for this particular announcement is known as the declaration date. It is on this date that the company announces the specific dividend payment along with the holder-of-record date (aka record date) and the payment date. The company announces that a dividend payment of 25 cents per share will be payable March 31, 2012 (the payment date) to all shareholders of record at the close of business on March 16, 2012 (holder-of-record date). What does this all mean? Well the short story is that the company looks at its records on March 16 and anyone listed on the books as an owner of ABC Widget company will be eligible for the dividend payment (on March 31).

The one other important term to remember is the ex-dividend date. The ex-dividend date (typically two trading days before the holder-of-record date for U.S. securities) is the day in which a company begins trading without the dividend. In order to have a claim on a dividend, shares must be purchased no later than the last business day before the ex-dividend date. A company trading ex-dividend will have the upcoming dividend subtracted from the share price at the start of the trading day. Many times, the price of a stock will increase in anticipation of the upcoming dividend as the ex-dividend date approaches, yet will fall back by the amount of the dividend on the ex-dividend date.

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