Tomorrow, Wednesday, May 04, 2016, 41 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.1% to 17.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar. Highlighted Stocks Going Ex-Dividend Tomorrow: Midcoast Energy Partners Owners of Midcoast Energy Partners (NYSE: MEP) shares, as of market close today, will be eligible for a dividend of 36 cents per share. At a price of $8.16 as of 9:37 a.m. ET, the dividend yield is 17.9%. The average volume for Midcoast Energy Partners has been 164,800 shares per day over the past 30 days. Midcoast Energy Partners has a market cap of $361.3 million and is part of the energy industry. Shares are down 28.5% year-to-date as of the close of trading on Monday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. Midcoast Energy Partners, L.P. engages in gathering, processing, treating, transporting, and marketing natural gas, natural gas liquids (NGL), crude oil, and condensate in the United States. It operates through two segments, Gathering, Processing and Transportation; and Logistics and Marketing. TheStreet Ratings rates Midcoast Energy Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk. You can view the full Midcoast Energy Partners Ratings Report now. Stonemor Partners Owners of Stonemor Partners (NYSE: STON) shares, as of market close today, will be eligible for a dividend of 66 cents per share. At a price of $24.40 as of 9:36 a.m. ET, the dividend yield is 10.8%. The average volume for Stonemor Partners has been 228,900 shares per day over the past 30 days. Stonemor Partners has a market cap of $796.6 million and is part of the diversified services industry. Shares are down 8.8% year-to-date as of the close of trading on Monday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. StoneMor Partners L.P., together with its subsidiaries, owns and operates cemeteries in the United States. It operates through two segments, Cemetery Operations and Funeral Homes. TheStreet Ratings rates Stonemor Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk. You can view the full Stonemor Partners Ratings Report now. Sensient Technologies Owners of Sensient Technologies (NYSE: SXT) shares, as of market close today, will be eligible for a dividend of 27 cents per share. At a price of $67.39 as of 9:33 a.m. ET, the dividend yield is 1.6%. The average volume for Sensient Technologies has been 204,500 shares per day over the past 30 days. Sensient Technologies has a market cap of $3.0 billion and is part of the chemicals industry. Shares are up 8.3% year-to-date as of the close of trading on Monday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. Sensient Technologies Corporation manufactures and markets colors, flavors, and fragrances in the United States and internationally. The company operates through two segments, Flavors & Fragrances Group, and Color Group. The company has a P/E ratio of 28.38. TheStreet Ratings rates Sensient Technologies as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Sensient Technologies 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.