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, Wednesday, July 29, 2015, 56 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 23%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Nuveen Diversified Commodity Fund

Owners of

Nuveen Diversified Commodity Fund

(AMEX:

CFD

) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $11.08 as of 9:38 a.m. ET, the dividend yield is 7.9%.

The average volume for Nuveen Diversified Commodity Fund has been 32,900 shares per day over the past 30 days. Nuveen Diversified Commodity Fund has a market cap of $101.5 million and is part of the financial services industry. Shares are down 13.7% year-to-date as of the close of trading on Monday.

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CSI Compressco

Owners of

CSI Compressco

(NASDAQ:

CCLP

) shares, as of market close today, will be eligible for a dividend of 50 cents per share. At a price of $15.07 as of 9:40 a.m. ET, the dividend yield is 13.2%.

The average volume for CSI Compressco has been 116,900 shares per day over the past 30 days. CSI Compressco has a market cap of $500.6 million and is part of the energy industry. Shares are up 15% year-to-date as of the close of trading on Monday.

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CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States, Latin America, Canada, and internationally. The company has a P/E ratio of 68.64.

TheStreet Ratings rates

CSI Compressco

as a

hold

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

CSI Compressco Ratings Report

now.

Virtus Investment Partners

Owners of

Virtus Investment Partners

(NASDAQ:

VRTS

) shares, as of market close today, will be eligible for a dividend of 45 cents per share. At a price of $119.38 as of 9:42 a.m. ET, the dividend yield is 1.5%.

The average volume for Virtus Investment Partners has been 114,700 shares per day over the past 30 days. Virtus Investment Partners has a market cap of $1.1 billion and is part of the financial services industry. Shares are down 30.6% year-to-date as of the close of trading on Monday.

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Virtus Investment Partners, Inc. is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The company has a P/E ratio of 11.66.

TheStreet Ratings rates

Virtus Investment Partners

as a

hold

. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full

Virtus Investment Partners 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.