Tomorrow's Ex-Dividends To Watch: ADC, HIFR, CCJ

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 26, 2015, 128 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 35.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Agree Realty

Owners of Agree Realty (NYSE: ADC) shares, as of market close today, will be eligible for a dividend of 46 cents per share. At a price of $29.95 as of 9:34 a.m. ET, the dividend yield is 6.2%.

The average volume for Agree Realty has been 79,800 shares per day over the past 30 days. Agree Realty has a market cap of $529.0 million and is part of the real estate industry. Shares are down 3.4% year-to-date as of the close of trading on Wednesday.

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Agree Realty Corporation, a real estate investment trust (REIT), engages in the ownership, development, acquisition, and management of retail properties, which are primarily leased to national and regional retail companies in the United States. The company has a P/E ratio of 24.23.

TheStreet Ratings rates Agree Realty as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, increase in net income and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Agree Realty Ratings Report now.

InfraREIT

Owners of InfraREIT (NYSE: HIFR) shares, as of market close today, will be eligible for a dividend of 22 cents per share. At a price of $32.72 as of 4:02 p.m. ET, the dividend yield is 2.7%.

The average volume for InfraREIT has been 422,100 shares per day over the past 30 days. InfraREIT has a market cap of $1.5 billion and is part of the real estate industry. Shares are unchanged year-to-date as of the close of trading on Tuesday.

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Cameco

Owners of Cameco (NYSE: CCJ) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $14.89 as of 9:36 a.m. ET, the dividend yield is 2.2%.

The average volume for Cameco has been 1.9 million shares per day over the past 30 days. Cameco has a market cap of $6.0 billion and is part of the metals & mining industry. Shares are down 7.2% year-to-date as of the close of trading on Wednesday.

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Cameco Corporation produces and sells uranium worldwide. The company operates through Uranium, Fuel Services, and NUKEM segments. The Uranium segment is involved in the exploration for, mining, and milling of uranium concentrates. The company has a P/E ratio of 169.11.

TheStreet Ratings rates Cameco as a hold. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Cameco 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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