Friday, Friday, November 27, 2015, 59 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 25.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Friday:

Old National Bancorp

Owners of Old National Bancorp (NASDAQ: ONB) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $14.86 as of 9:36 a.m. ET, the dividend yield is 3.2%.

The average volume for Old National Bancorp has been 725,500 shares per day over the past 30 days. Old National Bancorp has a market cap of $1.7 billion and is part of the banking industry. Shares are down 0.1% year-to-date as of the close of trading on Tuesday.

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Old National Bancorp operates as the holding company for Old National Bank, which provides various financial services to individual and commercial customers in the United States. It operates in two segments, Banking and Insurance. The company has a P/E ratio of 15.12.

TheStreet Ratings rates Old National Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, expanding profit margins, growth in earnings per share and increase in stock price during the past year. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Old National Bancorp Ratings Report now.

Group 1 Automotive

Owners of Group 1 Automotive (NYSE: GPI) shares, as of market close today, will be eligible for a dividend of 22 cents per share. At a price of $82.60 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Group 1 Automotive has been 275,100 shares per day over the past 30 days. Group 1 Automotive has a market cap of $1.9 billion and is part of the specialty retail industry. Shares are down 7.9% year-to-date as of the close of trading on Tuesday.

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Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. The company has a P/E ratio of 13.58.

TheStreet Ratings rates Group 1 Automotive as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, attractive valuation levels, good cash flow from operations 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 Group 1 Automotive Ratings Report now.

Wendy's

Owners of Wendy's (NASDAQ: WEN) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $10.44 as of 9:37 a.m. ET, the dividend yield is 2.3%.

The average volume for Wendy's has been 4.2 million shares per day over the past 30 days. Wendy's has a market cap of $2.9 billion and is part of the leisure industry. Shares are up 17.1% year-to-date as of the close of trading on Tuesday.

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The Wendy's Company, through its subsidiaries, owns and franchises Wendy's restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants. The company has a P/E ratio of 46.00.

TheStreet Ratings rates Wendy's as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Wendy's 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.