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:

Midcoast Energy Partners

Owners of

Midcoast Energy Partners

(NYSE:

MEP

) shares, as of market close today, will be eligible for a dividend of 35 cents per share. At a price of $12.46 as of 9:34 a.m. ET, the dividend yield is 11%.

The average volume for Midcoast Energy Partners has been 101,100 shares per day over the past 30 days. Midcoast Energy Partners has a market cap of $289.6 million and is part of the energy industry. Shares are down 10.3% year-to-date as of the close of trading on Monday.

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Midcoast Energy Partners, L.P. engages in gathering, processing, treating, transporting, and marketing natural gas and natural gas liquids (NGL) 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, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full

Midcoast Energy Partners Ratings Report

now.

NuStar GP Holdings

Owners of

NuStar GP Holdings

(NYSE:

NSH

) shares, as of market close today, will be eligible for a dividend of 54 cents per share. At a price of $33.61 as of 9:36 a.m. ET, the dividend yield is 6.5%.

The average volume for NuStar GP Holdings has been 134,000 shares per day over the past 30 days. NuStar GP Holdings has a market cap of $1.4 billion and is part of the energy industry. Shares are down 3% year-to-date as of the close of trading on Monday.

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NuStar GP Holdings, LLC, through its ownership interests in NuStar Energy L.P., engages in the transportation of petroleum products and anhydrous ammonia; terminalling and storage of petroleum products; and marketing of petroleum products. The company has a P/E ratio of 19.36.

TheStreet Ratings rates

NuStar GP Holdings

as a

hold

. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we find that the stock has had a generally disappointing performance in the past year. You can view the full

NuStar GP Holdings Ratings Report

now.

Barnes & Noble

Owners of

Barnes & Noble

(NYSE:

BKS

) shares, as of market close today, will be eligible for a dividend of 15 cents per share. At a price of $17.20 as of 9:36 a.m. ET, the dividend yield is 2.3%.

The average volume for Barnes & Noble has been 898,600 shares per day over the past 30 days. Barnes & Noble has a market cap of $1.7 billion and is part of the specialty retail industry. Shares are down 25.8% year-to-date as of the close of trading on Monday.

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Barnes & Noble, Inc. retails books, textbooks, magazines, newspapers, and other contents in the United States. It operates in three segments: B&N Retail, B&N College, and NOOK. The company has a P/E ratio of 125.19.

TheStreet Ratings rates

Barnes & Noble

as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full

Barnes & Noble 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.