Tomorrow's Ex-Dividends To Watch: ATAX, RHP, CIM

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:

America First Multifamily Investors

Owners of America First Multifamily Investors (NASDAQ: ATAX) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $5.47 as of 9:40 a.m. ET, the dividend yield is 9.1%.

The average volume for America First Multifamily Investors has been 122,800 shares per day over the past 30 days. America First Multifamily Investors has a market cap of $332.6 million and is part of the real estate industry. Shares are up 9.5% year-to-date as of the close of trading on Friday.

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America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds that have been issued to provide construction or permanent financing for multifamily and student housing, and commercial properties. The company has a P/E ratio of 16.24.

TheStreet Ratings rates America First Multifamily Investors as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full America First Multifamily Investors 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 $48.70 as of 9:40 a.m. ET, the dividend yield is 5.8%.

The average volume for Ryman Hospitality Properties has been 229,200 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 4.7% year-to-date as of the close of trading on Friday.

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Ryman Hospitality Properties, Inc. owns and operates hotels in the United States. The company has a P/E ratio of 19.88.

TheStreet Ratings rates Ryman Hospitality Properties as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full Ryman Hospitality Properties Ratings Report now.

Chimera Investment

Owners of Chimera Investment (NYSE: CIM) shares, as of market close today, will be eligible for a dividend of 48 cents per share. At a price of $15.67 as of 9:41 a.m. ET, the dividend yield is 12.3%.

The average volume for Chimera Investment has been 1.5 million shares per day over the past 30 days. Chimera Investment has a market cap of $2.9 billion and is part of the real estate industry. Shares are up 15.6% year-to-date as of the close of trading on Friday.

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Chimera Investment Corporation operates as a real estate investment trust in the United States. The company has a P/E ratio of 11.47.

TheStreet Ratings rates Chimera Investment as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Chimera Investment 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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