Tomorrow, Friday, September 25, 2015, 8 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.1% 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:

BanColombia

Owners of BanColombia (NYSE: CIB) shares, as of market close today, will be eligible for a dividend of 35 cents per share. At a price of $30.13 as of 9:41 a.m. ET, the dividend yield is 4.4%.

The average volume for BanColombia has been 351,600 shares per day over the past 30 days. BanColombia has a market cap of $7.7 billion and is part of the banking industry. Shares are down 35.6% year-to-date as of the close of trading on Wednesday.

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Bancolombia S.A. provides various banking products and services to individual, corporate, and government customers. The company operates through Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore, Insurance, and All Other segments.

TheStreet Ratings rates BanColombia as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including unimpressive growth in net income, feeble growth in the company's earnings per share and a generally disappointing performance in the stock itself. You can view the full BanColombia Ratings Report now.

Sanderson Farms

Owners of Sanderson Farms (NASDAQ: SAFM) shares, as of market close today, will be eligible for a dividend of 72 cents per share. At a price of $68.46 as of 9:41 a.m. ET, the dividend yield is 1.3%.

The average volume for Sanderson Farms has been 456,800 shares per day over the past 30 days. Sanderson Farms has a market cap of $1.5 billion and is part of the food & beverage industry. Shares are down 18% year-to-date as of the close of trading on Wednesday.

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Sanderson Farms, Inc., an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company has a P/E ratio of 5.58.

TheStreet Ratings rates Sanderson Farms as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Sanderson Farms Ratings Report now.

Popular

Owners of Popular (NASDAQ: BPOP) shares, as of market close today, will be eligible for a dividend of 15 cents per share. At a price of $29.51 as of 9:41 a.m. ET, the dividend yield is 2%.

The average volume for Popular has been 1.3 million shares per day over the past 30 days. Popular has a market cap of $3.1 billion and is part of the banking industry. Shares are down 12.3% year-to-date as of the close of trading on Wednesday.

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Popular, Inc., through its subsidiaries, provides various retail and commercial banking products and services primarily to institutional and retail customers. The company accepts various deposit products. The company has a P/E ratio of 3.38.

TheStreet Ratings rates Popular as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, expanding profit margins and compelling growth in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Popular 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.