3 Stocks Going Ex-Dividend Tomorrow: LGI, RCI, IRM

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, Wednesday, June 10, 2015, 36 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 9.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Lazard Global Total Return and Income Fund

Owners of Lazard Global Total Return and Income Fund (NYSE: LGI) shares, as of market close today, will be eligible for a dividend of 9 cents per share. At a price of $15.95 as of 9:30 a.m. ET, the dividend yield is 6.9%.

The average volume for Lazard Global Total Return and Income Fund has been 23,100 shares per day over the past 30 days. Lazard Global Total Return and Income Fund has a market cap of $155.0 million and is part of the financial services industry. Shares are up 0.9% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 70.17.

Rogers Communications

Owners of Rogers Communications (NYSE: RCI) shares, as of market close today, will be eligible for a dividend of 39 cents per share. At a price of $34.10 as of 9:36 a.m. ET, the dividend yield is 4.6%.

The average volume for Rogers Communications has been 487,500 shares per day over the past 30 days. Rogers Communications has a market cap of $13.7 billion and is part of the telecommunications industry. Shares are down 12.2% year-to-date as of the close of trading on Monday.

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Rogers Communications Inc. operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. The company has a P/E ratio of 11.65.

TheStreet Ratings rates Rogers Communications as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, generally higher debt management risk and weak operating cash flow. You can view the full Rogers Communications Ratings Report now.

Iron Mountain

Owners of Iron Mountain (NYSE: IRM) shares, as of market close today, will be eligible for a dividend of 48 cents per share. At a price of $32.08 as of 9:36 a.m. ET, the dividend yield is 5.8%.

The average volume for Iron Mountain has been 1.7 million shares per day over the past 30 days. Iron Mountain has a market cap of $6.9 billion and is part of the computer software & services industry. Shares are down 16.4% year-to-date as of the close of trading on Monday.

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Iron Mountain Incorporated, together with its subsidiaries, provides storage and information management services in North America, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 19.32.

TheStreet Ratings rates Iron Mountain as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Iron Mountain 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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