Tomorrow, Wednesday, September 23, 2015, 20 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 11.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Retail Properties of America

Owners of Retail Properties of America (NYSE: RPAI) shares, as of market close today, will be eligible for a dividend of 17 cents per share. At a price of $14.25 as of 9:37 a.m. ET, the dividend yield is 4.7%.

The average volume for Retail Properties of America has been 956,600 shares per day over the past 30 days. Retail Properties of America has a market cap of $3.4 billion and is part of the real estate industry. Shares are down 14.3% year-to-date as of the close of trading on Monday.

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Retail Properties of America, Inc. is a real estate investment trust. It engages in acquisition, development and management of properties. The trust invests in the real estate markets of United States. The company has a P/E ratio of 109.38.

TheStreet Ratings rates Retail Properties of America 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 net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Retail Properties of America Ratings Report now.

Equity Lifestyle Properties

Owners of Equity Lifestyle Properties (NYSE: ELS) shares, as of market close today, will be eligible for a dividend of 38 cents per share. At a price of $58.10 as of 9:36 a.m. ET, the dividend yield is 2.6%.

The average volume for Equity Lifestyle Properties has been 405,100 shares per day over the past 30 days. Equity Lifestyle Properties has a market cap of $4.9 billion and is part of the real estate industry. Shares are up 12.9% year-to-date as of the close of trading on Monday.

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Equity LifeStyle Properties, Inc. is a publicly owned real estate investment trust (REIT). The firm engages in the ownership and operation of lifestyle oriented properties. The company has a P/E ratio of 42.72.

TheStreet Ratings rates Equity Lifestyle Properties as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full Equity Lifestyle Properties Ratings Report now.

DENTSPLY International

Owners of DENTSPLY International (NASDAQ: XRAY) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $52.37 as of 9:37 a.m. ET, the dividend yield is 0.6%.

The average volume for DENTSPLY International has been 888,900 shares per day over the past 30 days. DENTSPLY International has a market cap of $7.4 billion and is part of the health services industry. Shares are down 0.3% year-to-date as of the close of trading on Monday.

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DENTSPLY International Inc. designs, develops, manufactures, and markets various consumable dental products for the professional dental market in the United States and internationally. The company has a P/E ratio of 28.27.

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