Tomorrow's Ex-Dividends To Watch: WR, DNKN, ROST

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, Friday, June 05, 2015, 11 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1% to 8.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Westar Energy

Owners of Westar Energy (NYSE: WR) shares, as of market close today, will be eligible for a dividend of 36 cents per share. At a price of $35.41 as of 9:36 a.m. ET, the dividend yield is 4%.

The average volume for Westar Energy has been 938,800 shares per day over the past 30 days. Westar Energy has a market cap of $4.8 billion and is part of the utilities industry. Shares are down 14% year-to-date as of the close of trading on Wednesday.

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Westar Energy, Inc., an electric utility company, generates, transmits, and distributes electricity in Kansas. The company has 7,200 megawatts of electric generation capacity producing electricity through various fuel types, including coal, uranium, natural gas, diesel, wind, and landfill gas. The company has a P/E ratio of 16.32.

TheStreet Ratings rates Westar Energy as a buy. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Westar Energy Ratings Report now.

Dunkin Brands Group

Owners of Dunkin Brands Group (NASDAQ: DNKN) shares, as of market close today, will be eligible for a dividend of 26 cents per share. At a price of $52.46 as of 9:36 a.m. ET, the dividend yield is 2%.

The average volume for Dunkin Brands Group has been 1.9 million shares per day over the past 30 days. Dunkin Brands Group has a market cap of $5.1 billion and is part of the leisure industry. Shares are up 22.9% year-to-date as of the close of trading on Wednesday.

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Dunkin' Brands Group, Inc., together with its subsidiaries, develops, franchises, and licenses quick service restaurants under the Dunkin' Donuts and Baskin-Robbins brands worldwide. The company has a P/E ratio of 31.15.

TheStreet Ratings rates Dunkin Brands Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance, impressive record of earnings per share growth and increase in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Dunkin Brands Group Ratings Report now.

Ross Stores

Owners of Ross Stores (NASDAQ: ROST) shares, as of market close today, will be eligible for a dividend of 24 cents per share. At a price of $97.81 as of 9:37 a.m. ET, the dividend yield is 1%.

The average volume for Ross Stores has been 1.3 million shares per day over the past 30 days. Ross Stores has a market cap of $20.1 billion and is part of the retail industry. Shares are up 4.2% year-to-date as of the close of trading on Wednesday.

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Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company has a P/E ratio of 20.90.

TheStreet Ratings rates Ross Stores as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Ross Stores 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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