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.

Tomorrow, Tuesday, July 29, 2014, 4:00 AM ET, 47 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 12.4%. 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 22 cents per share. At a price of $26.03 as of 9:35 a.m. ET, the dividend yield is 11.7%.

The average volume for Mesa Royalty has been 15,300 shares per day over the past 30 days. Mesa Royalty has a market cap of $48.4 million and is part of the financial services industry. Shares are up 21.7% 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.

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 13.17.

TheStreet Ratings rates

Mesa Royalty

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, notable return on equity, solid stock price performance and increase in net income. 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

Mesa Royalty Ratings Report

now.

TransMontaigne Partners

Owners of

TransMontaigne Partners

(NYSE:

TLP

) shares, as of market close today, will be eligible for a dividend of 66 cents per share. At a price of $44.00 as of 9:33 a.m. ET, the dividend yield is 6%.

The average volume for TransMontaigne Partners has been 43,700 shares per day over the past 30 days. TransMontaigne Partners has a market cap of $711.6 million and is part of the energy industry. Shares are up 4% 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.

TransMontaigne Partners L.P. operates as a terminaling and transportation company. The company has a P/E ratio of 26.58.

TheStreet Ratings rates

TransMontaigne Partners

as a

buy

. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

TransMontaigne Partners Ratings Report

now.

Virtus Investment Partners

Owners of

Virtus Investment Partners

(NASDAQ:

VRTS

) shares, as of market close today, will be eligible for a dividend of 45 cents per share. At a price of $210.00 as of 9:32 a.m. ET, the dividend yield is 0.8%.

The average volume for Virtus Investment Partners has been 49,500 shares per day over the past 30 days. Virtus Investment Partners has a market cap of $1.9 billion and is part of the financial services industry. Shares are up 5% 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.

Virtus Investment Partners, Inc. is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The company has a P/E ratio of 22.11.

TheStreet Ratings rates

Virtus Investment Partners

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Virtus Investment Partners 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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