3 Stocks With Upcoming Ex-Dividend Dates: AMID, WTFC, KBH

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, May 05, 2015, 26 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 14.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

American Midstream Partners

Owners of American Midstream Partners (NYSE: AMID) shares, as of market close today, will be eligible for a dividend of 47 cents per share. At a price of $18.95 as of 9:30 a.m. ET, the dividend yield is 10.1%.

The average volume for American Midstream Partners has been 53,000 shares per day over the past 30 days. American Midstream Partners has a market cap of $426.2 million and is part of the energy industry. Shares are down 3.9% year-to-date as of the close of trading on Friday.

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American Midstream Partners, LP engages in gathering, treating, processing, and transporting natural gas, fractionating natural gas liquids (NGLs), and storing specialty chemical products in the Gulf Coast and Southeast regions of the United States.

TheStreet Ratings rates American Midstream Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full American Midstream Partners Ratings Report now.

Wintrust Financial

Owners of Wintrust Financial (NASDAQ: WTFC) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $49.34 as of 9:35 a.m. ET, the dividend yield is 0.9%.

The average volume for Wintrust Financial has been 220,300 shares per day over the past 30 days. Wintrust Financial has a market cap of $2.3 billion and is part of the banking industry. Shares are up 5.1% year-to-date as of the close of trading on Friday.

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Wintrust Financial Corporation, a financial holding company, through its subsidiaries, provides various banking and other financial products and services to customers in the Chicago metropolitan area and in Southeastern Wisconsin. The company has a P/E ratio of 15.93.

TheStreet Ratings rates Wintrust Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, increase in stock price during the past year and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Wintrust Financial Ratings Report now.

KB Home

Owners of KB Home (NYSE: KBH) shares, as of market close today, will be eligible for a dividend of 2 cents per share. At a price of $14.88 as of 9:36 a.m. ET, the dividend yield is 0.7%.

The average volume for KB Home has been 4.0 million shares per day over the past 30 days. KB Home has a market cap of $1.3 billion and is part of the materials & construction industry. Shares are down 10.8% year-to-date as of the close of trading on Friday.

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KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home. The company has a P/E ratio of 1.57.

TheStreet Ratings rates KB Home as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full KB Home 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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