3 Stocks Going Ex-Dividend Tomorrow: HHY, MCR, TDS

Tomorrow, Tuesday, March 15, 2016, 38 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 13.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Brookfield High Income Fund

Owners of Brookfield High Income Fund (NYSE: HHY) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $6.96 as of 9:34 a.m. ET, the dividend yield is 13.2%.

The average volume for Brookfield High Income Fund has been 108,300 shares per day over the past 30 days. Brookfield High Income Fund has a market cap of $174.6 million and is part of the financial services industry. Shares are up 0.7% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

MFS Charter Income

Owners of MFS Charter Income (NYSE: MCR) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $8.10 as of 9:30 a.m. ET, the dividend yield is 9.1%.

The average volume for MFS Charter Income has been 239,500 shares per day over the past 30 days. MFS Charter Income has a market cap of $424.9 million and is part of the financial services industry. Shares are up 6.4% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Telephone and Data Systems

Owners of Telephone and Data Systems (NYSE: TDS) shares, as of market close today, will be eligible for a dividend of 15 cents per share. At a price of $27.88 as of 9:37 a.m. ET, the dividend yield is 2.2%.

The average volume for Telephone and Data Systems has been 733,200 shares per day over the past 30 days. Telephone and Data Systems has a market cap of $3.0 billion and is part of the telecommunications industry. Shares are up 7.9% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Telephone & Data Systems Inc., a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company has a P/E ratio of 13.74.

TheStreet Ratings rates Telephone and Data Systems as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Telephone and Data Systems 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.

More from Markets

U.K. Takeover Panel Pits Comcast, Fox, Disney in Final Bidding Auction For Sky

U.K. Takeover Panel Pits Comcast, Fox, Disney in Final Bidding Auction For Sky

US Stocks Edge Higher, Oil and Bond Yields Rise, Amid Trade War Headline Lull

US Stocks Edge Higher, Oil and Bond Yields Rise, Amid Trade War Headline Lull

Oil Extends Gains as US Stockpiles Dip,Iran Sanctions Loom Ahead of OPEC Meeting

Oil Extends Gains as US Stockpiles Dip,Iran Sanctions Loom Ahead of OPEC Meeting

Tilray Shares Go Crazy; Healthcare Services M&A to Remain Strong -- ICYMI

Tilray Shares Go Crazy; Healthcare Services M&A to Remain Strong -- ICYMI

Should You Only Buy Closed-End Funds Trading at a Discount?

Should You Only Buy Closed-End Funds Trading at a Discount?