Monday's Ex-Dividends To Watch: AHH, WWW, RJF

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.

Monday, Monday, June 29, 2015, 29 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 12%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Armada Hoffler Properties

Owners of Armada Hoffler Properties (NYSE: AHH) shares, as of market close today, will be eligible for a dividend of 17 cents per share. At a price of $10.39 as of 9:36 a.m. ET, the dividend yield is 6.5%.

The average volume for Armada Hoffler Properties has been 87,800 shares per day over the past 30 days. Armada Hoffler Properties has a market cap of $266.0 million and is part of the real estate industry. Shares are up 9.3% year-to-date as of the close of trading on Thursday.

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The company has a P/E ratio of 21.29.

Wolverine World Wide

Owners of Wolverine World Wide (NYSE: WWW) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $29.27 as of 9:36 a.m. ET, the dividend yield is 0.8%.

The average volume for Wolverine World Wide has been 736,200 shares per day over the past 30 days. Wolverine World Wide has a market cap of $3.0 billion and is part of the consumer non-durables industry. Shares are down 1.4% year-to-date as of the close of trading on Thursday.

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Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through Lifestyle Group, Performance Group, and Heritage Group segments. The company has a P/E ratio of 21.83.

TheStreet Ratings rates Wolverine World Wide as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Wolverine World Wide Ratings Report now.

Raymond James Financial

Owners of Raymond James Financial (NYSE: RJF) shares, as of market close today, will be eligible for a dividend of 18 cents per share. At a price of $61.05 as of 9:37 a.m. ET, the dividend yield is 1.2%.

The average volume for Raymond James Financial has been 592,800 shares per day over the past 30 days. Raymond James Financial has a market cap of $8.7 billion and is part of the financial services industry. Shares are up 6.1% year-to-date as of the close of trading on Thursday.

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Raymond James Financial, Inc., a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, as well as the sale of mutual funds and other investment products in the United States, Canada, and Europe. The company has a P/E ratio of 17.74.

TheStreet Ratings rates Raymond James Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full Raymond James Financial 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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