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, Tuesday, April 07, 2015, 7 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 10.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Companhia De Saneamento Basico Do Estado De

Owners of Companhia De Saneamento Basico Do Estado De (NYSE: SBS) shares, as of market close today, will be eligible for a dividend of 9 cents per share. At a price of $5.92 as of 9:56 a.m. ET, the dividend yield is 1.5%.

The average volume for Companhia De Saneamento Basico Do Estado De has been 3.0 million shares per day over the past 30 days. Companhia De Saneamento Basico Do Estado De has a market cap of $3.9 billion and is part of the utilities industry. Shares are down 8.4% year-to-date as of the close of trading on Thursday.

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Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP provides basic and environmental sanitation services; and supplies treated water on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of Sao Paulo. The company has a P/E ratio of 4.80.

TheStreet Ratings rates Companhia De Saneamento Basico Do Estado De as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Companhia De Saneamento Basico Do Estado De Ratings Report now.

Children's Place

Owners of Children's Place (NASDAQ: PLCE) shares, as of market close today, will be eligible for a dividend of 15 cents per share. At a price of $64.07 as of 9:55 a.m. ET, the dividend yield is 0.9%.

The average volume for Children's Place has been 470,700 shares per day over the past 30 days. Children's Place has a market cap of $1.3 billion and is part of the retail industry. Shares are up 12.6% year-to-date as of the close of trading on Thursday.

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The Children's Place, Inc. operates as a children's specialty apparel retailer. The company has a P/E ratio of 24.77.

TheStreet Ratings rates Children's Place as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Children's Place Ratings Report now.

Aetna

Owners of Aetna (NYSE: AET) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $107.09 as of 9:56 a.m. ET, the dividend yield is 0.9%.

The average volume for Aetna has been 2.3 million shares per day over the past 30 days. Aetna has a market cap of $37.4 billion and is part of the health services industry. Shares are up 20.6% year-to-date as of the close of trading on Thursday.

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Aetna Inc. operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The company has a P/E ratio of 18.86.

TheStreet Ratings rates Aetna as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Aetna 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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