Tomorrow, Wednesday, January 27, 2016, 42 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 19.1%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Mesa Royalty

Owners of

Mesa Royalty

(NYSE:

MTR

) shares, as of market close today, will be eligible for a dividend of 5 cents per share. At a price of $7.27 as of 9:36 a.m. ET, the dividend yield is 12.7%.

The average volume for Mesa Royalty has been 13,400 shares per day over the past 30 days. Mesa Royalty has a market cap of $13.4 million and is part of the financial services industry. Shares are down 5.8% year-to-date as of the close of trading on Monday.

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Mesa Royalty Trust holds net overriding royalty interests in various oil and gas properties in the United States. It has interests in properties located in the Hugoton field of Kansas; the San Juan Basin field of New Mexico and Colorado; and the Yellow Creek field of Wyoming. The company has a P/E ratio of 2.05.

TheStreet Ratings rates

Mesa Royalty

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, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and deteriorating net income. You can view the full

Mesa Royalty Ratings Report

now.

Franklin Templeton Ltd Duration Inc Tr

Owners of

Franklin Templeton Ltd Duration Inc Tr

(AMEX:

TST Recommends

FTF

) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $10.42 as of 9:30 a.m. ET, the dividend yield is 7.1%.

The average volume for Franklin Templeton Ltd Duration Inc Tr has been 69,700 shares per day over the past 30 days. Franklin Templeton Ltd Duration Inc Tr has a market cap of $280.7 million and is part of the financial services industry. Shares are down 2.1% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 9.51.

Crescent Point Energy

Owners of

Crescent Point Energy

(NYSE:

CPG

) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $9.20 as of 9:37 a.m. ET, the dividend yield is 8.5%.

The average volume for Crescent Point Energy has been 1.0 million shares per day over the past 30 days. Crescent Point Energy has a market cap of $5.0 billion and is part of the energy industry. Shares are down 23% year-to-date as of the close of trading on Monday.

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Crescent Point Energy Corp. acquires, explores, develops, and produces oil and natural gas properties in Western Canada and the United States.

TheStreet Ratings rates

Crescent Point Energy

as a

sell

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

Crescent Point Energy 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.