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.

Tuesday, Tuesday, July 28, 2015, 9 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 14.5%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tuesday:

VOC Energy

Owners of

VOC Energy

(NYSE:

VOC

) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $5.00 as of 11:29 a.m. ET, the dividend yield is 8.6%.

The average volume for VOC Energy has been 51,300 shares per day over the past 30 days. VOC Energy has a market cap of $86.7 million and is part of the energy industry. Shares are down 4.5% year-to-date as of the close of trading on Wednesday.

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VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. It has an 80% term net profits interest of the net proceeds on the underlying properties. The company has a P/E ratio of 2.76.

TheStreet Ratings rates

VOC Energy

as a

hold

. The company's strengths can be seen in multiple areas, such as its 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 deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full

VOC Energy Ratings Report

now.

Mesabi

Owners of

Mesabi

(NYSE:

MSB

) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $9.86 as of 2:36 p.m. ET, the dividend yield is 14.5%.

The average volume for Mesabi has been 49,400 shares per day over the past 30 days. Mesabi has a market cap of $140.8 million and is part of the financial services industry. Shares are down 39.8% year-to-date as of the close of trading on Thursday.

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Mesabi Trust operates as a royalty trust in the United States. The company produces iron ore pellets. It holds interest in properties aggregating approximately 9,750 contiguous acres in St. Louis County, Minnesota. The company has a P/E ratio of 5.68.

TheStreet Ratings rates

Mesabi

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. 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

Mesabi Ratings Report

now.

Adtran

Owners of

Adtran

(NASDAQ:

ADTN

) shares, as of market close today, will be eligible for a dividend of 9 cents per share. At a price of $16.32 as of 2:39 p.m. ET, the dividend yield is 2.2%.

The average volume for Adtran has been 716,600 shares per day over the past 30 days. Adtran has a market cap of $872.8 million and is part of the telecommunications industry. Shares are down 24.9% year-to-date as of the close of trading on Thursday.

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ADTRAN, Inc. manufactures and sells networking and communications equipment worldwide. It operates in two divisions, Carrier Networks and Enterprise Networks. The company has a P/E ratio of 32.74.

TheStreet Ratings rates

Adtran

as a

hold

. The company's strengths can be seen in multiple areas, such as its 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 a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full

Adtran 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.