Tomorrow, Thursday, January 07, 2016, 10 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.3% to 9.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Energy Company of Minas Gerais

Owners of Energy Company of Minas Gerais (NYSE: CIG) shares, as of market close today, will be eligible for a dividend of 3 cents per share. At a price of $1.34 as of 9:37 a.m. ET, the dividend yield is 9.1%.

The average volume for Energy Company of Minas Gerais has been 3.4 million shares per day over the past 30 days. Energy Company of Minas Gerais has a market cap of $1.8 billion and is part of the utilities industry. Shares are down 8% year-to-date as of the close of trading on Tuesday.

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Companhia Energetica de Minas Gerais S.A., through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil.

TheStreet Ratings rates Energy Company of Minas Gerais as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Energy Company of Minas Gerais Ratings Report now.

Banco Bilbao Vizcaya Argentaria

Owners of Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $6.97 as of 9:37 a.m. ET, the dividend yield is 4.5%.

The average volume for Banco Bilbao Vizcaya Argentaria has been 2.6 million shares per day over the past 30 days. Banco Bilbao Vizcaya Argentaria has a market cap of $46.0 billion and is part of the banking industry. Shares are down 1.9% year-to-date as of the close of trading on Tuesday.

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UDR

Owners of UDR (NYSE: UDR) shares, as of market close today, will be eligible for a dividend of 28 cents per share. At a price of $37.43 as of 9:37 a.m. ET, the dividend yield is 3%.

The average volume for UDR has been 1.6 million shares per day over the past 30 days. UDR has a market cap of $9.7 billion and is part of the real estate industry. Shares are down 0.3% year-to-date as of the close of trading on Tuesday.

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UDR, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities. The company has a P/E ratio of 40.18.

TheStreet Ratings rates UDR as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance 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 UDR 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.