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, Wednesday, October 29, 2014, 59 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 50%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

OCI Resources

Owners of OCI Resources (NYSE: OCIR) shares, as of market close today, will be eligible for a dividend of 52 cents per share. At a price of $22.56 as of 9:35 a.m. ET, the dividend yield is 9.3%.

The average volume for OCI Resources has been 23,000 shares per day over the past 30 days. OCI Resources has a market cap of $221.1 million and is part of the metals & mining industry. Shares are up 10.1% year-to-date as of the close of trading on Monday.

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

OCI Resources LP is engaged in the trona ore mining and soda ash production businesses in the United States and internationally. It has approximately 23,500 acres of subsurface leased/licensed mining areas in the Green River Basin of Wyoming. The company has a P/E ratio of 34.71.

TheStreet Ratings rates OCI Resources as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. You can view the full OCI Resources Ratings Report now.

Fly Leasing

Owners of Fly Leasing (NYSE: FLY) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $12.47 as of 9:36 a.m. ET, the dividend yield is 6.8%.

The average volume for Fly Leasing has been 179,500 shares per day over the past 30 days. Fly Leasing has a market cap of $519.2 million and is part of the diversified services industry. Shares are down 22% year-to-date as of the close of trading on Monday.

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

FLY Leasing Limited, together with its subsidiaries, is engaged in purchasing and leasing commercial aircraft under multi-year contracts to various airlines worldwide. As of September 2, 2014, it operated a fleet of 122 commercial jet aircraft. The company has a P/E ratio of 39.16.

TheStreet Ratings rates Fly Leasing as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Fly Leasing Ratings Report now.

PNM Resources

Owners of PNM Resources (NYSE: PNM) shares, as of market close today, will be eligible for a dividend of 18 cents per share. At a price of $27.95 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for PNM Resources has been 470,700 shares per day over the past 30 days. PNM Resources has a market cap of $2.2 billion and is part of the utilities industry. Shares are up 16% year-to-date as of the close of trading on Monday.

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

PNM Resources, Inc., together with its subsidiaries, operates in energy and energy-related businesses in the United States. It is primarily involved in the generation, transmission, and distribution of electricity. The company has a P/E ratio of 21.68.

TheStreet Ratings rates PNM Resources as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full PNM Resources 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.

null