Dividend Watch: 3 Stocks Going Ex-Dividend Friday: BCRH, GSBD, LXP

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.

Friday, 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 Friday:

Blue Capital Reinsurance Holdings

Owners of Blue Capital Reinsurance Holdings (NYSE: BCRH) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $17.94 as of 4:00 p.m. ET, the dividend yield is 6.7%.

The average volume for Blue Capital Reinsurance Holdings has been 14,500 shares per day over the past 30 days. Blue Capital Reinsurance Holdings has a market cap of $155.8 million and is part of the insurance industry. Shares are up 0.7% year-to-date as of the close of trading on Tuesday.

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Blue Capital Reinsurance Holdings Ltd., through its subsidiaries, provides collateralized reinsurance in the property catastrophe market. The company was founded in 2013 and is headquartered in Pembroke, Bermuda. The company has a P/E ratio of 10.86.

TheStreet Ratings rates Blue Capital Reinsurance Holdings as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Blue Capital Reinsurance Holdings Ratings Report now.

Goldman Sachs BDC

Owners of Goldman Sachs BDC (NYSE: GSBD) shares, as of market close today, will be eligible for a dividend of 45 cents per share. At a price of $22.53 as of 9:34 a.m. ET, the dividend yield is 8.1%.

The average volume for Goldman Sachs BDC has been 131,500 shares per day over the past 30 days. Goldman Sachs BDC has a market cap of $811.8 million and is part of the real estate industry. Shares are unchanged year-to-date as of the close of trading on Wednesday.

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Lexington Realty

Owners of Lexington Realty (NYSE: LXP) shares, as of market close today, will be eligible for a dividend of 17 cents per share. At a price of $8.92 as of 9:36 a.m. ET, the dividend yield is 7.4%.

The average volume for Lexington Realty has been 1.8 million shares per day over the past 30 days. Lexington Realty has a market cap of $2.2 billion and is part of the real estate industry. Shares are down 16.5% year-to-date as of the close of trading on Wednesday.

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Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States. The company has a P/E ratio of 30.57.

TheStreet Ratings rates Lexington Realty as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Lexington Realty 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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