Tomorrow's Ex-Dividends To Watch: TAXI, RHP, CST

Tomorrow, Tuesday, March 29, 2016, 118 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 18.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Medallion Financial

Owners of Medallion Financial (NASDAQ: TAXI) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $9.92 as of 9:36 a.m. ET, the dividend yield is 10.9%.

The average volume for Medallion Financial has been 159,300 shares per day over the past 30 days. Medallion Financial has a market cap of $237.9 million and is part of the financial services industry. Shares are up 38.8% year-to-date as of the close of trading on Thursday.

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Medallion Financial Corp., through its subsidiaries, operates as a specialty finance company in the United States. The company engages in originating, acquiring, and servicing loans that finance taxicab medallions and various types of commercial businesses. The company has a P/E ratio of 7.63.

TheStreet Ratings rates Medallion Financial as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance and notable return on equity. 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 Medallion Financial Ratings Report now.

Ryman Hospitality Properties

Owners of Ryman Hospitality Properties (NYSE: RHP) shares, as of market close today, will be eligible for a dividend of 75 cents per share. At a price of $50.86 as of 9:36 a.m. ET, the dividend yield is 5.8%.

The average volume for Ryman Hospitality Properties has been 298,000 shares per day over the past 30 days. Ryman Hospitality Properties has a market cap of $2.6 billion and is part of the real estate industry. Shares are down 1.9% year-to-date as of the close of trading on Thursday.

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Ryman Hospitality Properties, Inc. owns and operates hotels in the United States. The company has a P/E ratio of 24.07.

TheStreet Ratings rates Ryman Hospitality Properties as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth 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 Ryman Hospitality Properties Ratings Report now.

CST Brands

Owners of CST Brands (NYSE: CST) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $38.06 as of 9:34 a.m. ET, the dividend yield is 0.6%.

The average volume for CST Brands has been 823,700 shares per day over the past 30 days. CST Brands has a market cap of $2.9 billion and is part of the specialty retail industry. Shares are down 3% year-to-date as of the close of trading on Thursday.

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CST Brands, Inc., through its subsidiaries, operates as an independent retailer of motor fuel and convenience merchandise items in the United States and eastern Canada. The company has a P/E ratio of 19.88.

TheStreet Ratings rates CST Brands as a hold. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and poor profit margins. You can view the full CST Brands 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.

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