Tomorrow's Ex-Dividends To Watch: JPEP, MATX, RGA

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:

JP Energy Partners

Owners of JP Energy Partners (NYSE: JPEP) shares, as of market close today, will be eligible for a dividend of 32 cents per share. At a price of $13.51 as of 9:30 a.m. ET, the dividend yield is 9.5%.

The average volume for JP Energy Partners has been 59,600 shares per day over the past 30 days. JP Energy Partners has a market cap of $249.3 million and is part of the energy industry. Shares are up 8.8% year-to-date as of the close of trading on Friday.

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Matson

Owners of Matson (NYSE: MATX) shares, as of market close today, will be eligible for a dividend of 17 cents per share. At a price of $41.32 as of 9:34 a.m. ET, the dividend yield is 1.7%.

The average volume for Matson has been 235,300 shares per day over the past 30 days. Matson has a market cap of $1.8 billion and is part of the transportation industry. Shares are up 19.3% year-to-date as of the close of trading on Friday.

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Matson, Inc., together with its subsidiaries, operates as an ocean freight carrier in the Pacific. It operates in two segments, Ocean Transportation and Logistics. The company has a P/E ratio of 24.85.

TheStreet Ratings rates Matson as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Matson Ratings Report now.

Reinsurance Group of America

Owners of Reinsurance Group of America (NYSE: RGA) shares, as of market close today, will be eligible for a dividend of 33 cents per share. At a price of $91.95 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for Reinsurance Group of America has been 376,700 shares per day over the past 30 days. Reinsurance Group of America has a market cap of $6.2 billion and is part of the insurance industry. Shares are up 4.5% year-to-date as of the close of trading on Friday.

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Reinsurance Group of America, Incorporated engages in the reinsurance business. The company has a P/E ratio of 9.47.

TheStreet Ratings rates Reinsurance Group of America as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Reinsurance Group of America 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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