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 28, 2015, 48 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 18.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cross Timbers Royalty

Owners of Cross Timbers Royalty (NYSE: CRT) shares, as of market close today, will be eligible for a dividend of 16 cents per share. At a price of $22.25 as of 9:35 a.m. ET, the dividend yield is 10.5%.

The average volume for Cross Timbers Royalty has been 22,800 shares per day over the past 30 days. Cross Timbers Royalty has a market cap of $132.7 million and is part of the energy industry. Shares are up 27.7% year-to-date as of the close of trading on Friday.

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Cross Timbers Royalty Trust operates as an express trust in the United States. The company's function is to collect and distribute monthly net profits income from royalty interests and overriding royalty interests to unit holders. The company has a P/E ratio of 8.04.

TheStreet Ratings rates Cross Timbers Royalty as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Cross Timbers Royalty 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 $15.09 as of 9:37 a.m. ET, the dividend yield is 6.4%.

The average volume for Fly Leasing has been 228,100 shares per day over the past 30 days. Fly Leasing has a market cap of $619.0 million and is part of the diversified services industry. Shares are up 15% year-to-date as of the close of trading on Friday.

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FLY Leasing Limited, together with its subsidiaries, engages in purchasing and leasing commercial aircraft under multi-year contracts to various airlines worldwide. The company has a P/E ratio of 11.32.

TheStreet Ratings rates Fly Leasing as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full Fly Leasing Ratings Report now.

EPR Properties

Owners of EPR Properties (NYSE: EPR) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $59.78 as of 9:35 a.m. ET, the dividend yield is 6.1%.

The average volume for EPR Properties has been 301,300 shares per day over the past 30 days. EPR Properties has a market cap of $3.4 billion and is part of the real estate industry. Shares are up 3.1% year-to-date as of the close of trading on Friday.

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EPR Properties is a real estate investment trust. It invests in the real estate markets of United States and Canada. The firm develops, owns, leases and finances properties in select market segments primarily related to Entertainment, Education and Recreation. The company has a P/E ratio of 21.30.

TheStreet Ratings rates EPR Properties as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full EPR Properties 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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