Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Friday: ECC, ANH, MPWR

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:

Eagle Point Credit

Owners of Eagle Point Credit (NYSE: ECC) shares, as of market close today, will be eligible for a dividend of 60 cents per share. At a price of $20.44 as of 4:02 p.m. ET, the dividend yield is 11.7%.

The average volume for Eagle Point Credit has been 13,900 shares per day over the past 30 days. Eagle Point Credit has a market cap of $283.4 million and is part of the financial services industry. Shares are up 2% year-to-date as of the close of trading on Tuesday.

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Anworth Mortgage Asset

Owners of Anworth Mortgage Asset (NYSE: ANH) shares, as of market close today, will be eligible for a dividend of 15 cents per share. At a price of $5.23 as of 4:04 p.m. ET, the dividend yield is 11.3%.

The average volume for Anworth Mortgage Asset has been 605,100 shares per day over the past 30 days. Anworth Mortgage Asset has a market cap of $556.5 million and is part of the real estate industry. Shares are up 0.8% year-to-date as of the close of trading on Tuesday.

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Anworth Mortgage Asset Corporation operates as a real estate investment trust in the United States.

TheStreet Ratings rates Anworth Mortgage Asset as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Anworth Mortgage Asset Ratings Report now.

Monolithic Power Systems

Owners of Monolithic Power Systems (NASDAQ: MPWR) shares, as of market close today, will be eligible for a dividend of 20 cents per share. At a price of $54.25 as of 9:31 a.m. ET, the dividend yield is 1.5%.

The average volume for Monolithic Power Systems has been 298,600 shares per day over the past 30 days. Monolithic Power Systems has a market cap of $2.1 billion and is part of the electronics industry. Shares are up 9.3% year-to-date as of the close of trading on Wednesday.

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Monolithic Power Systems, Inc. provides various power solutions for systems found in industrial, telecom infrastructure, cloud computing, automotive, and consumer applications. The company primarily provides digital, analog, and mixed-signal integrated circuits (ICs). The company has a P/E ratio of 62.47.

TheStreet Ratings rates Monolithic Power Systems as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Monolithic Power Systems 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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