Tomorrow, Friday, March 04, 2016, 10 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 2.2% to 10.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

New Senior Investment Group

Owners of New Senior Investment Group (NYSE: SNR) shares, as of market close today, will be eligible for a dividend of 26 cents per share. At a price of $10.06 as of 9:36 a.m. ET, the dividend yield is 10.7%.

The average volume for New Senior Investment Group has been 816,000 shares per day over the past 30 days. New Senior Investment Group has a market cap of $839.4 million and is part of the real estate industry. Shares are up 1.3% year-to-date as of the close of trading on Wednesday.

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New Senior Investment Group Inc. (NYSE:SNR.WI) operates independently of Newcastle Investment Corp. as of November 6, 2014.

TheStreet Ratings rates New Senior Investment Group 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 and poor profit margins. You can view the full New Senior Investment Group Ratings Report now.

New York REIT

Owners of New York REIT (NYSE: NYRT) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $9.94 as of 9:36 a.m. ET, the dividend yield is 4.7%.

The average volume for New York REIT has been 1.5 million shares per day over the past 30 days. New York REIT has a market cap of $1.6 billion and is part of the real estate industry. Shares are down 13.4% year-to-date as of the close of trading on Wednesday.

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New York REIT, Inc. focuses on acquiring commercial real estate, as well as acquiring properties or making other real estate investments that relate to office, retail, multi-family residential, industrial, and hotel property types located primarily in New York City. The company has a P/E ratio of 40.54.

TheStreet Ratings rates New York REIT 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 New York REIT Ratings Report now.

First American Financial

Owners of First American Financial (NYSE: FAF) shares, as of market close today, will be eligible for a dividend of 26 cents per share. At a price of $37.56 as of 9:36 a.m. ET, the dividend yield is 2.8%.

The average volume for First American Financial has been 920,200 shares per day over the past 30 days. First American Financial has a market cap of $4.1 billion and is part of the insurance industry. Shares are up 4.9% year-to-date as of the close of trading on Wednesday.

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First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The company has a P/E ratio of 14.37.

TheStreet Ratings rates First American Financial 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, increase in net income, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full First American Financial 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.