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, Tuesday, June 23, 2015, 12 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 8.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar. Highlighted Stocks Going Ex-Dividend Tomorrow: Solar Capital Owners of Solar Capital (NASDAQ: SLRC) shares, as of market close today, will be eligible for a dividend of 40 cents per share. At a price of $18.81 as of 9:35 a.m. ET, the dividend yield is 8.5%. The average volume for Solar Capital has been 153,400 shares per day over the past 30 days. Solar Capital has a market cap of $797.9 million and is part of the financial services industry. Shares are up 4.3% year-to-date as of the close of trading on Friday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. Solar Capital Ltd. is a business development company specializing in investments in leveraged middle market companies. The company has a P/E ratio of 17.40. TheStreet Ratings rates Solar Capital as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Solar Capital Ratings Report now.
Toro Owners of Toro (NYSE: TTC) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $68.82 as of 9:33 a.m. ET, the dividend yield is 1.5%. The average volume for Toro has been 202,100 shares per day over the past 30 days. Toro has a market cap of $3.8 billion and is part of the industrial industry. Shares are up 7.3% year-to-date as of the close of trading on Friday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. The Toro Company designs, manufactures, and markets professional turf maintenance equipment and services worldwide. The company has a P/E ratio of 21.14. TheStreet Ratings rates Toro as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Toro Ratings Report now.
Vail Resorts Owners of Vail Resorts (NYSE: MTN) shares, as of market close today, will be eligible for a dividend of 62 cents per share. At a price of $109.44 as of 9:36 a.m. ET, the dividend yield is 2.3%. The average volume for Vail Resorts has been 225,600 shares per day over the past 30 days. Vail Resorts has a market cap of $3.9 billion and is part of the leisure industry. Shares are up 18.9% year-to-date as of the close of trading on Friday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates in three segments: Mountain, Lodging, and Real Estate. The company has a P/E ratio of 36.85. TheStreet Ratings rates Vail Resorts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Vail Resorts 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.