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, August 05, 2015, 44 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 32.9%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Atlas Resource Partners

Owners of

Atlas Resource Partners

(NYSE:

ARP

) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $3.53 as of 9:36 a.m. ET, the dividend yield is 32.9%.

The average volume for Atlas Resource Partners has been 989,500 shares per day over the past 30 days. Atlas Resource Partners has a market cap of $344.5 million and is part of the energy industry. Shares are down 67.9% year-to-date as of the close of trading on Monday.

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Atlas Resource Partners, L.P. operates as an independent developer and producer of natural gas, crude oil, and natural gas liquids in the United States. The company operates in three segments: Gas and Oil Production, Well Construction and Completion, and Other Partnership Management.

TheStreet Ratings rates

Atlas Resource Partners

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full

Atlas Resource Partners Ratings Report

now.

Washington Federal

Owners of

Washington Federal

(NASDAQ:

WAFD

) shares, as of market close today, will be eligible for a dividend of 13 cents per share. At a price of $23.31 as of 9:36 a.m. ET, the dividend yield is 2.2%.

The average volume for Washington Federal has been 553,000 shares per day over the past 30 days. Washington Federal has a market cap of $2.2 billion and is part of the banking industry. Shares are up 4.5% year-to-date as of the close of trading on Monday.

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Washington Federal, Inc. operates as the holding company for Washington Federal, National Association that provides various financial services in the United States. The company has a P/E ratio of 14.64.

TheStreet Ratings rates

Washington Federal

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Washington Federal Ratings Report

now.

Brown & Brown

Owners of

Brown & Brown

(NYSE:

BRO

) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $33.72 as of 9:36 a.m. ET, the dividend yield is 1.3%.

The average volume for Brown & Brown has been 691,800 shares per day over the past 30 days. Brown & Brown has a market cap of $4.7 billion and is part of the insurance industry. Shares are up 2% year-to-date as of the close of trading on Monday.

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Brown & Brown, Inc. markets and sells insurance products and services primarily in the United States, as well as in London, Bermuda, and the Cayman Islands. The company has a P/E ratio of 23.07.

TheStreet Ratings rates

Brown & Brown

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

Brown & Brown 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.