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, April 29, 2015, 35 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 16.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

OCI Resources

Owners of OCI Resources (NYSE: OCIR) shares, as of market close today, will be eligible for a dividend of 54 cents per share. At a price of $25.03 as of 9:30 a.m. ET, the dividend yield is 8.6%.

The average volume for OCI Resources has been 31,900 shares per day over the past 30 days. OCI Resources has a market cap of $239.9 million and is part of the metals & mining industry. Shares are down 4.8% year-to-date as of the close of trading on Monday.

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OCI Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. It processes trona ore into soda ash, which is a raw material in flat glass, container glass, detergents, chemicals, paper, and other consumer and industrial products. The company has a P/E ratio of 10.98.

TheStreet Ratings rates OCI Resources as a hold. 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 and notable return on equity. 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 OCI Resources Ratings Report now.

Legacy Reserves

Owners of Legacy Reserves (NASDAQ: LGCY) shares, as of market close today, will be eligible for a dividend of 35 cents per share. At a price of $13.25 as of 9:35 a.m. ET, the dividend yield is 16.5%.

The average volume for Legacy Reserves has been 592,600 shares per day over the past 30 days. Legacy Reserves has a market cap of $914.2 million and is part of the energy industry. Shares are up 15.6% year-to-date as of the close of trading on Monday.

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Legacy Reserves LP owns and operates oil and natural gas properties in the United States.

TheStreet Ratings rates Legacy Reserves as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Legacy Reserves Ratings Report now.

EnLink Midstream Partners

Owners of EnLink Midstream Partners (NYSE: ENLK) shares, as of market close today, will be eligible for a dividend of 38 cents per share. At a price of $25.86 as of 9:37 a.m. ET, the dividend yield is 5.9%.

The average volume for EnLink Midstream Partners has been 964,600 shares per day over the past 30 days. EnLink Midstream Partners has a market cap of $6.3 billion and is part of the energy industry. Shares are down 10.9% year-to-date as of the close of trading on Monday.

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Enlink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. The company has a P/E ratio of 43.80.

TheStreet Ratings rates EnLink Midstream Partners as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and compelling growth 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 EnLink Midstream 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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