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 or Stephanie Link.

Wednesday, Wednesday, May 28, 2014, 4:00 AM ET, 94 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 13.1%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Wednesday:

TriplePoint Venture Growth BDC

Owners of

TriplePoint Venture Growth BDC

(NYSE:

TPVG

) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $15.49 as of 4:03 p.m. ET, the dividend yield is 7.8%.

The average volume for TriplePoint Venture Growth BDC has been 136,700 shares per day over the past 30 days. TriplePoint Venture Growth BDC has a market cap of $151.8 million and is part of the financial services industry. Shares are unchanged year-to-date as of the close of trading on Thursday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Power Integrations

Owners of

Power Integrations

(NASDAQ:

POWI

) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $50.00 as of 9:46 a.m. ET, the dividend yield is 0.8%.

The average volume for Power Integrations has been 360,200 shares per day over the past 30 days. Power Integrations has a market cap of $1.5 billion and is part of the electronics industry. Shares are down 10.7% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Power Integrations, Inc. designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion. The company has a P/E ratio of 26.09.

TheStreet Ratings rates

Power Integrations

as a

buy

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

Power Integrations Ratings Report

now.

Reliance Steel and Aluminum

Owners of

Reliance Steel and Aluminum

(NYSE:

RS

) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $72.46 as of 9:45 a.m. ET, the dividend yield is 1.9%.

The average volume for Reliance Steel and Aluminum has been 541,700 shares per day over the past 30 days. Reliance Steel and Aluminum has a market cap of $5.6 billion and is part of the metals & mining industry. Shares are down 4.6% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Reliance Steel & Aluminum Co. operates as a metals service center company. The company has a P/E ratio of 17.39.

TheStreet Ratings rates

Reliance Steel and Aluminum

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Reliance Steel and Aluminum 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.

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