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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.

Monday, Monday, July 20, 2015, 12 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 13.6%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Monday:

Credit Suisse X-Links Gold Shares Covered C

Owners of

Credit Suisse X-Links Gold Shares Covered C

(NASDAQ:

GLDI

) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $11.22 as of 9:31 a.m. ET, the dividend yield is 11.3%.

The average volume for Credit Suisse X-Links Gold Shares Covered C has been 26,000 shares per day over the past 30 days. Credit Suisse X-Links Gold Shares Covered C has a market cap of $34.5 million and is part of the financial services industry. Shares are down 5.4% year-to-date as of the close of trading on Thursday.

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Compass Diversified Holdings

TheStreet Recommends

Owners of

Compass Diversified Holdings

(NYSE:

CODI

) shares, as of market close today, will be eligible for a dividend of 36 cents per share. At a price of $17.02 as of 9:30 a.m. ET, the dividend yield is 8.6%.

The average volume for Compass Diversified Holdings has been 133,500 shares per day over the past 30 days. Compass Diversified Holdings has a market cap of $906.3 million and is part of the conglomerates industry. Shares are up 4.5% year-to-date as of the close of trading on Thursday.

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Compass Diversified Holdings is a private equity firm specializing in acquisitions, buyouts, and middle market investments. It seeks to invest in manufacturing, distribution, consumer products, and business services sectors. The firm prefers to invest in companies based in North America. The company has a P/E ratio of 3.46.

TheStreet Ratings rates

Compass Diversified Holdings

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Compass Diversified Holdings Ratings Report

now.

West Pharmaceutical Services

Owners of

West Pharmaceutical Services

(NYSE:

WST

) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $60.82 as of 9:32 a.m. ET, the dividend yield is 0.7%.

The average volume for West Pharmaceutical Services has been 416,700 shares per day over the past 30 days. West Pharmaceutical Services has a market cap of $4.4 billion and is part of the health services industry. Shares are up 15% year-to-date as of the close of trading on Thursday.

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West Pharmaceutical Services, Inc. develops, manufactures, and sells components and systems for the packaging and delivery of injectable drugs, as well as delivery system components for the pharmaceutical, healthcare, and consumer products industries. The company has a P/E ratio of 33.29.

TheStreet Ratings rates

West Pharmaceutical Services

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

West Pharmaceutical Services 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.