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, Thursday, April 30, 2015, 24 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 8.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

World Point Terminals

Owners of World Point Terminals (NYSE: WPT) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $17.70 as of 9:30 a.m. ET, the dividend yield is 6.8%.

The average volume for World Point Terminals has been 43,900 shares per day over the past 30 days. World Point Terminals has a market cap of $324.5 million and is part of the energy industry. Shares are down 12.2% year-to-date as of the close of trading on Tuesday.

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World Point Terminals, LP owns, operates, develops, and acquires terminals and other assets for the storage of light refined products, heavy refined products, and crude oil in the East Coast, Gulf Coast, and Midwest regions of the United States. The company has a P/E ratio of 18.02.

TheStreet Ratings rates World Point Terminals 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 also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full World Point Terminals Ratings Report now.

Tesoro Logistics

Owners of Tesoro Logistics (NYSE: TLLP) shares, as of market close today, will be eligible for a dividend of 70 cents per share. At a price of $59.15 as of 9:35 a.m. ET, the dividend yield is 4.8%.

The average volume for Tesoro Logistics has been 260,400 shares per day over the past 30 days. Tesoro Logistics has a market cap of $4.7 billion and is part of the energy industry. Shares are up 0.7% year-to-date as of the close of trading on Tuesday.

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Tesoro Logistics LP owns, operates, develops, and acquires logistics assets related to crude oil and refined products in the United States. It operates in three segments: Gathering, Processing, and Terminalling and Transportation. The company has a P/E ratio of 60.76.

TheStreet Ratings rates Tesoro Logistics as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and generally higher debt management risk. You can view the full Tesoro Logistics Ratings Report now.

Webster Financial

Owners of Webster Financial (NYSE: WBS) shares, as of market close today, will be eligible for a dividend of 23 cents per share. At a price of $36.38 as of 9:36 a.m. ET, the dividend yield is 2.6%.

The average volume for Webster Financial has been 764,800 shares per day over the past 30 days. Webster Financial has a market cap of $3.2 billion and is part of the banking industry. Shares are up 12.1% year-to-date as of the close of trading on Tuesday.

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Webster Financial Corporation operates as the bank and financial holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. The company has a P/E ratio of 17.29.

TheStreet Ratings rates Webster Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance 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 Webster Financial 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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