Tomorrow, Thursday, October 29, 2015, 48 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 17.2%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Holly Energy Partners

Owners of

Holly Energy Partners

(NYSE:

HEP

) shares, as of market close today, will be eligible for a dividend of 56 cents per share. At a price of $33.23 as of 9:32 a.m. ET, the dividend yield is 6.6%.

The average volume for Holly Energy Partners has been 137,000 shares per day over the past 30 days. Holly Energy Partners has a market cap of $2.0 billion and is part of the energy industry. Shares are up 10.5% year-to-date as of the close of trading on Tuesday.

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Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, and loading rack facilities. The company has a P/E ratio of 24.07.

TheStreet Ratings rates

Holly Energy Partners

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Holly Energy Partners Ratings Report

now.

PNM Resources

Owners of

PNM Resources

(NYSE:

PNM

) shares, as of market close today, will be eligible for a dividend of 20 cents per share. At a price of $28.92 as of 9:37 a.m. ET, the dividend yield is 2.8%.

The average volume for PNM Resources has been 602,500 shares per day over the past 30 days. PNM Resources has a market cap of $2.3 billion and is part of the utilities industry. Shares are down 3% year-to-date as of the close of trading on Tuesday.

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PNM Resources, Inc., together with its subsidiaries, operates in energy and energy-related businesses in the United States. It is primarily involved in the generation, transmission, and distribution of electricity. The company has a P/E ratio of 19.11.

TheStreet Ratings rates

PNM Resources

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, increase in stock price during the past year and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full

PNM Resources Ratings Report

now.

Targa Resources

Owners of

Targa Resources

(NYSE:

TRGP

) shares, as of market close today, will be eligible for a dividend of 91 cents per share. At a price of $53.14 as of 9:37 a.m. ET, the dividend yield is 6.5%.

The average volume for Targa Resources has been 901,200 shares per day over the past 30 days. Targa Resources has a market cap of $3.2 billion and is part of the energy industry. Shares are down 50% year-to-date as of the close of trading on Tuesday.

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Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. The company has a P/E ratio of 27.62.

TheStreet Ratings rates

Targa Resources

as a

hold

. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and disappointing return on equity. You can view the full

Targa Resources 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.