Tomorrow, Tuesday, December 29, 2015, 166 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 17.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Ellington Residential Mortgage REIT

Owners of Ellington Residential Mortgage REIT (NYSE: EARN) shares, as of market close today, will be eligible for a dividend of 45 cents per share. At a price of $12.81 as of 9:36 a.m. ET, the dividend yield is 14%.

The average volume for Ellington Residential Mortgage REIT has been 43,400 shares per day over the past 30 days. Ellington Residential Mortgage REIT has a market cap of $117.7 million and is part of the real estate industry. Shares are down 20.8% year-to-date as of the close of trading on Thursday.

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Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets.

TheStreet Ratings rates Ellington Residential Mortgage REIT as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Ellington Residential Mortgage REIT Ratings Report now.

TPG Specialty Lending

Owners of TPG Specialty Lending (NYSE: TSLX) shares, as of market close today, will be eligible for a dividend of 39 cents per share. At a price of $16.98 as of 9:30 a.m. ET, the dividend yield is 9.1%.

The average volume for TPG Specialty Lending has been 160,900 shares per day over the past 30 days. TPG Specialty Lending has a market cap of $926.7 million and is part of the real estate industry. Shares are up 1.7% year-to-date as of the close of trading on Thursday.

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TPG Specialty Lending, Inc. is a business development company. The company has a P/E ratio of 9.67.

TheStreet Ratings rates TPG Specialty Lending as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full TPG Specialty Lending Ratings Report now.

Paramount Group

Owners of Paramount Group (NYSE: PGRE) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $17.84 as of 9:37 a.m. ET, the dividend yield is 2.1%.

The average volume for Paramount Group has been 816,400 shares per day over the past 30 days. Paramount Group has a market cap of $3.8 billion and is part of the real estate industry. Shares are down 4.1% year-to-date as of the close of trading on Thursday.

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Paramount Group, Inc. is a real estate firm that invests in Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount Group, Inc. is based in New York, New York.

TheStreet Ratings rates Paramount Group as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, unimpressive growth in net income, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Paramount Group 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.