Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Tomorrow, Thursday, July 30, 2015, 44 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 13.2%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Vanguard Natural Resources

Owners of

Vanguard Natural Resources

(NASDAQ:

VNRBP

) shares, as of market close today, will be eligible for a dividend of 16 cents per share. At a price of $19.97 as of 9:30 a.m. ET, the dividend yield is 9.6%.

The average volume for Vanguard Natural Resources has been 25,200 shares per day over the past 30 days. Vanguard Natural Resources has a market cap of $138.8 million and is part of the energy industry. Shares are up 5.5% year-to-date as of the close of trading on Tuesday.

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Dolby Laboratories

Owners of

Dolby Laboratories

(NYSE:

DLB

) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $35.21 as of 9:41 a.m. ET, the dividend yield is 1.1%.

The average volume for Dolby Laboratories has been 331,800 shares per day over the past 30 days. Dolby Laboratories has a market cap of $1.8 billion and is part of the electronics industry. Shares are down 18.1% year-to-date as of the close of trading on Tuesday.

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Dolby Laboratories, Inc. creates audio, imaging, and communication technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company has a P/E ratio of 20.25.

TheStreet Ratings rates

Dolby Laboratories

as a

hold

. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Dolby Laboratories Ratings Report

now.

Bank of Montreal

Owners of

Bank of Montreal

(NYSE:

BMO

) shares, as of market close today, will be eligible for a dividend of 53 cents per share. At a price of $55.94 as of 9:41 a.m. ET, the dividend yield is 3.8%.

The average volume for Bank of Montreal has been 686,400 shares per day over the past 30 days. Bank of Montreal has a market cap of $35.6 billion and is part of the banking industry. Shares are down 21% year-to-date as of the close of trading on Tuesday.

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Bank of Montreal offers various banking products and services in Canada, the United States, and internationally. The company has a P/E ratio of 10.80.

TheStreet Ratings rates

Bank of Montreal

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full

Bank of Montreal 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.