Tomorrow, Thursday, September 24, 2015, 6 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.4% to 14.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

New York Mortgage

Owners of New York Mortgage (NASDAQ: NYMT) shares, as of market close today, will be eligible for a dividend of 24 cents per share. At a price of $6.69 as of 9:37 a.m. ET, the dividend yield is 14.7%.

The average volume for New York Mortgage has been 1.4 million shares per day over the past 30 days. New York Mortgage has a market cap of $715.5 million and is part of the real estate industry. Shares are down 14.3% year-to-date as of the close of trading on Tuesday.

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New York Mortgage Trust, Inc., a real estate investment trust (REIT), engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the United States. The company has a P/E ratio of 5.19.

TheStreet Ratings rates New York Mortgage as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full New York Mortgage Ratings Report now.

Invesco Mortgage Capital

Owners of Invesco Mortgage Capital (NYSE: IVR) shares, as of market close today, will be eligible for a dividend of 40 cents per share. At a price of $13.64 as of 9:37 a.m. ET, the dividend yield is 11.7%.

The average volume for Invesco Mortgage Capital has been 1.3 million shares per day over the past 30 days. Invesco Mortgage Capital has a market cap of $1.7 billion and is part of the real estate industry. Shares are down 12.1% year-to-date as of the close of trading on Tuesday.

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Invesco Mortgage Capital Inc., a real estate investment trust, focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. It invests in residential mortgage-backed securities for which a U.S.

TheStreet Ratings rates Invesco Mortgage Capital as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Invesco Mortgage Capital Ratings Report now.

Pinnacle Foods

Owners of Pinnacle Foods (NYSE: PF) shares, as of market close today, will be eligible for a dividend of 26 cents per share. At a price of $44.90 as of 9:36 a.m. ET, the dividend yield is 2.2%.

The average volume for Pinnacle Foods has been 1.0 million shares per day over the past 30 days. Pinnacle Foods has a market cap of $5.4 billion and is part of the food & beverage industry. Shares are up 26.9% year-to-date as of the close of trading on Tuesday.

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Pinnacle Foods Inc., through its subsidiaries, manufactures, markets, and distributes branded convenience food products in North America. It operates through three segments: Birds Eye Frozen, Duncan Hines Grocery, and Specialty Foods. The company has a P/E ratio of 20.76.

TheStreet Ratings rates Pinnacle Foods as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, notable return on equity and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Pinnacle Foods 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.