3 Stocks Going Ex-Dividend Tomorrow: AMTG, FR, RLJ

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:

Apollo Residential Mortgage

Owners of Apollo Residential Mortgage (NYSE: AMTG) shares, as of market close today, will be eligible for a dividend of 48 cents per share. At a price of $15.78 as of 9:41 a.m. ET, the dividend yield is 11.6%.

The average volume for Apollo Residential Mortgage has been 174,000 shares per day over the past 30 days. Apollo Residential Mortgage has a market cap of $510.3 million and is part of the real estate industry. Shares are up 0.8% year-to-date as of the close of trading on Wednesday.

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Apollo Residential Mortgage, Inc. primarily invests in residential mortgage assets in the United States. The company has a P/E ratio of 6.79.

TheStreet Ratings rates Apollo Residential Mortgage as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Apollo Residential Mortgage Ratings Report now.

First Industrial Realty

Owners of First Industrial Realty (NYSE: FR) shares, as of market close today, will be eligible for a dividend of 13 cents per share. At a price of $19.39 as of 9:41 a.m. ET, the dividend yield is 2.6%.

The average volume for First Industrial Realty has been 731,200 shares per day over the past 30 days. First Industrial Realty has a market cap of $2.2 billion and is part of the real estate industry. Shares are down 4.8% year-to-date as of the close of trading on Wednesday.

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First Industrial Realty Trust Inc. is a real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in industrial properties. The firm owns, manages, acquires, sells, develops, and redevelops industrial real estate. The company has a P/E ratio of 103.00.

TheStreet Ratings rates First Industrial Realty as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full First Industrial Realty Ratings Report now.

RLJ Lodging

Owners of RLJ Lodging (NYSE: RLJ) shares, as of market close today, will be eligible for a dividend of 33 cents per share. At a price of $30.45 as of 9:41 a.m. ET, the dividend yield is 4.3%.

The average volume for RLJ Lodging has been 940,800 shares per day over the past 30 days. RLJ Lodging has a market cap of $4.0 billion and is part of the real estate industry. Shares are down 9.2% year-to-date as of the close of trading on Wednesday.

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RLJ Lodging Trust is an independent equity real estate investment trust. The firm also manages real estate funds. It invests in the real estate markets of the United States. The firm primarily invests in premium-branded, focused service, and compact full-service hotels. The company has a P/E ratio of 23.05.

TheStreet Ratings rates RLJ Lodging as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full RLJ Lodging 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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