Tomorrow, Friday, October 23, 2015, 6 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 3.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Apogee

Owners of Apogee (NASDAQ: APOG) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $50.20 as of 9:36 a.m. ET, the dividend yield is 0.9%.

The average volume for Apogee has been 295,100 shares per day over the past 30 days. Apogee has a market cap of $1.5 billion and is part of the materials & construction industry. Shares are up 18% year-to-date as of the close of trading on Wednesday.

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Apogee Enterprises, Inc. designs and develops glass solutions for enclosing commercial buildings and framing art in the United States, Canada, and Brazil. The company has a P/E ratio of 27.32.

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

Ryanair Holdings

At a price of $78.68 as of 9:37 a.m. ET, the dividend yield is 2.6%.

The average volume for Ryanair Holdings has been 413,400 shares per day over the past 30 days. Ryanair Holdings has a market cap of $21.8 billion and is part of the transportation industry. Shares are up 11.4% year-to-date as of the close of trading on Wednesday.

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Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, continental Europe, and Morocco. The company has a P/E ratio of 31.57.

TheStreet Ratings rates Ryanair Holdings as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, solid stock price performance, notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Ryanair Holdings Ratings Report now.

Williams-Sonoma

Owners of Williams-Sonoma (NYSE: WSM) shares, as of market close today, will be eligible for a dividend of 35 cents per share. At a price of $74.62 as of 9:37 a.m. ET, the dividend yield is 1.8%.

The average volume for Williams-Sonoma has been 944,200 shares per day over the past 30 days. Williams-Sonoma has a market cap of $6.9 billion and is part of the retail industry. Shares are down 1.2% year-to-date as of the close of trading on Wednesday.

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Williams-Sonoma Inc. operates as a multi-channel specialty retailer of home products. The company operates in two segments, E-commerce and Retail. The company has a P/E ratio of 23.15.

TheStreet Ratings rates Williams-Sonoma as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, reasonable valuation levels and good cash flow from operations. 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 Williams-Sonoma 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.