3 Stocks Going Ex-Dividend Tomorrow: CPLP, NAT, MWE

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:

Capital Product Partners

Owners of Capital Product Partners (NASDAQ: CPLP) shares, as of market close today, will be eligible for a dividend of 23 cents per share. At a price of $9.18 as of 9:36 a.m. ET, the dividend yield is 10.3%.

The average volume for Capital Product Partners has been 614,600 shares per day over the past 30 days. Capital Product Partners has a market cap of $946.1 million and is part of the transportation industry. Shares are up 13.9% year-to-date as of the close of trading on Friday.

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Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The company has a P/E ratio of 28.41.

TheStreet Ratings rates Capital Product Partners as a buy. 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, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Capital Product Partners Ratings Report now.

Nordic American Tankers

Owners of Nordic American Tankers (NYSE: NAT) shares, as of market close today, will be eligible for a dividend of 38 cents per share. At a price of $12.31 as of 9:36 a.m. ET, the dividend yield is 12.4%.

The average volume for Nordic American Tankers has been 1.4 million shares per day over the past 30 days. Nordic American Tankers has a market cap of $1.1 billion and is part of the transportation industry. Shares are up 21.6% year-to-date as of the close of trading on Friday.

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Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers. As of December 31, 2014, it owned 24 Suezmax crude oil tankers, including two new buildings under construction. The company was founded in 1995 and is based in Hamilton, Bermuda.

TheStreet Ratings rates Nordic American Tankers as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Nordic American Tankers Ratings Report now.

MarkWest Energy Partners

Owners of MarkWest Energy Partners (NYSE: MWE) shares, as of market close today, will be eligible for a dividend of 91 cents per share. At a price of $68.12 as of 9:36 a.m. ET, the dividend yield is 5.4%.

The average volume for MarkWest Energy Partners has been 887,800 shares per day over the past 30 days. MarkWest Energy Partners has a market cap of $12.6 billion and is part of the energy industry. Shares are up 0.7% year-to-date as of the close of trading on Friday.

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MarkWest Energy Partners, L.P. engages in the gathering, processing, and transportation of natural gas. The company is also involved in the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering and transportation of crude oil. The company has a P/E ratio of 93.69.

TheStreet Ratings rates MarkWest Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full MarkWest Energy 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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