Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: ACRE, LXP, UMPQ

Tomorrow, Tuesday, June 28, 2016, 130 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 18.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Ares Commercial Real Estate

Owners of Ares Commercial Real Estate (NYSE: ACRE) shares, as of market close today, will be eligible for a dividend of 26 cents per share. At a price of $12.16 as of 9:38 a.m. ET, the dividend yield is 8.5%.

The average volume for Ares Commercial Real Estate has been 124,500 shares per day over the past 30 days. Ares Commercial Real Estate has a market cap of $350.0 million and is part of the real estate industry. Shares are up 7.3% year-to-date as of the close of trading on Friday.

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Ares Commercial Real Estate Corporation, a specialty finance company, originates, manages, and services a portfolio of commercial real estate (CRE) debt-related investments. The company operates in two segments, Principal Lending and Mortgage Banking. The company has a P/E ratio of 10.88.

TheStreet Ratings rates Ares Commercial Real Estate as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full Ares Commercial Real Estate Ratings Report now.

Lexington Realty

Owners of Lexington Realty (NYSE: LXP) shares, as of market close today, will be eligible for a dividend of 17 cents per share. At a price of $9.69 as of 9:41 a.m. ET, the dividend yield is 6.9%.

The average volume for Lexington Realty has been 1.2 million shares per day over the past 30 days. Lexington Realty has a market cap of $2.3 billion and is part of the real estate industry. Shares are up 22.2% year-to-date as of the close of trading on Friday.

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Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States. The company has a P/E ratio of 18.94.

TheStreet Ratings rates Lexington Realty as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Lexington Realty Ratings Report now.

Umpqua Holdings

Owners of Umpqua Holdings (NASDAQ: UMPQ) shares, as of market close today, will be eligible for a dividend of 16 cents per share. At a price of $14.92 as of 9:41 a.m. ET, the dividend yield is 3.9%.

The average volume for Umpqua Holdings has been 1.6 million shares per day over the past 30 days. Umpqua Holdings has a market cap of $3.6 billion and is part of the banking industry. Shares are down 3.6% year-to-date as of the close of trading on Friday.

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Umpqua Holdings Corporation, through its subsidiaries, engages in the commercial and retail banking, and retail brokerage businesses. It operates through Community Banking and Home Lending segments. The company has a P/E ratio of 15.99.

TheStreet Ratings rates Umpqua Holdings as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, growth in earnings per share, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Umpqua Holdings 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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