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 or Stephanie Link.

Tomorrow, Friday, February 20, 2015, 17 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 9.1%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Macquarie/First Trust Global Infrastructure

Owners of

Macquarie/First Trust Global Infrastructure

(NYSE:

MFD

) shares, as of market close today, will be eligible for a dividend of 35 cents per share. At a price of $16.97 as of 9:30 a.m. ET, the dividend yield is 8.3%.

The average volume for Macquarie/First Trust Global Infrastructure has been 28,300 shares per day over the past 30 days. Macquarie/First Trust Global Infrastructure has a market cap of $143.6 million and is part of the financial services industry. Shares are up 6.5% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

H&E Equipment Services

Owners of

H&E Equipment Services

(NASDAQ:

HEES

) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $22.90 as of 9:36 a.m. ET, the dividend yield is 4.1%.

The average volume for H&E Equipment Services has been 611,300 shares per day over the past 30 days. H&E Equipment Services has a market cap of $850.9 million and is part of the diversified services industry. Shares are down 17.2% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

H&E Equipment Services, Inc. operates as an integrated equipment services company. The company rents, sells, and provides parts and service support for hi-lift or aerial work platform equipment, crane, earthmoving equipment, and industrial lift truck categories. The company has a P/E ratio of 15.99.

TheStreet Ratings rates

H&E Equipment Services

as a

buy

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

H&E Equipment Services Ratings Report

now.

Hawaiian Electric Industries

Owners of

Hawaiian Electric Industries

(NYSE:

HE

) shares, as of market close today, will be eligible for a dividend of 31 cents per share. At a price of $33.76 as of 9:35 a.m. ET, the dividend yield is 3.8%.

The average volume for Hawaiian Electric Industries has been 1.2 million shares per day over the past 30 days. Hawaiian Electric Industries has a market cap of $3.4 billion and is part of the utilities industry. Shares are up 1% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Hawaiian Electric Industries, Inc., through its subsidiaries, is engaged in electric utility and banking businesses primarily in the State of Hawaii. The company is involved in the production, purchase, transmission, distribution, and sale of electricity. The company has a P/E ratio of 19.36.

TheStreet Ratings rates

Hawaiian Electric Industries

as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Hawaiian Electric Industries 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.

null