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 24, 2015, 20 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 11.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar. Highlighted Stocks Going Ex-Dividend Tomorrow: Pacholder High Yield Fund Owners of Pacholder High Yield Fund (AMEX: PHF) shares, as of market close today, will be eligible for a dividend of 5 cents per share. At a price of $7.02 as of 9:30 a.m. ET, the dividend yield is 8.5%. The average volume for Pacholder High Yield Fund has been 32,600 shares per day over the past 30 days. Pacholder High Yield Fund has a market cap of $91.7 million and is part of the financial services industry. Shares are down 3.8% year-to-date as of the close of trading on Monday. 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 company has a P/E ratio of 6.31.
Equity Lifestyle Properties Owners of Equity Lifestyle Properties (NYSE: ELS) shares, as of market close today, will be eligible for a dividend of 38 cents per share. At a price of $54.03 as of 9:36 a.m. ET, the dividend yield is 2.7%. The average volume for Equity Lifestyle Properties has been 327,600 shares per day over the past 30 days. Equity Lifestyle Properties has a market cap of $4.7 billion and is part of the real estate industry. Shares are up 5.2% year-to-date as of the close of trading on Monday. 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. Equity LifeStyle Properties, Inc. is a publicly owned real estate investment trust (REIT). The firm engages in the ownership and operation of lifestyle oriented properties. The company has a P/E ratio of 43.51. TheStreet Ratings rates Equity Lifestyle Properties as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that net income has been generally deteriorating over time. You can view the full Equity Lifestyle Properties Ratings Report now.
Thor Industries Owners of Thor Industries (NYSE: THO) shares, as of market close today, will be eligible for a dividend of 27 cents per share. At a price of $58.35 as of 9:36 a.m. ET, the dividend yield is 1.9%. The average volume for Thor Industries has been 398,900 shares per day over the past 30 days. Thor Industries has a market cap of $3.0 billion and is part of the automotive industry. Shares are up 3.8% year-to-date as of the close of trading on Monday. 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. Thor Industries, Inc., through its subsidiaries, designs, manufactures, and sells a range of recreational vehicles, and related parts and accessories in the United States and Canada. It operates through two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company has a P/E ratio of 15.51. TheStreet Ratings rates Thor Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Thor Industries 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.