Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: ARP, FBR, PRE

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, May 06, 2015, 39 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 14.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Atlas Resource Partners

Owners of Atlas Resource Partners (NYSE: ARP) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $9.26 as of 9:36 a.m. ET, the dividend yield is 14.1%.

The average volume for Atlas Resource Partners has been 734,300 shares per day over the past 30 days. Atlas Resource Partners has a market cap of $787.2 million and is part of the energy industry. Shares are down 13.8% year-to-date as of the close of trading on Monday.

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Atlas Resource Partners, L.P. operates as an independent developer and producer of natural gas, crude oil, and natural gas liquids in the United States. The company operates in three segments: Gas and Oil Production, Well Construction and Completion, and Other Partnership Management.

TheStreet Ratings rates Atlas Resource Partners 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, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Atlas Resource Partners Ratings Report now.

Fibria Celulose

Owners of Fibria Celulose (NYSE: FBR) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $13.89 as of 9:36 a.m. ET, the dividend yield is 0.5%.

The average volume for Fibria Celulose has been 1.5 million shares per day over the past 30 days. Fibria Celulose has a market cap of $7.8 billion and is part of the consumer non-durables industry. Shares are up 16.5% year-to-date as of the close of trading on Monday.

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Fibria Celulose S.A. engages in the production, sale, and export of short fiber pulp. The company primarily offers bleached eucalyptus kraft pulp used in the manufacture of toilet paper; uncoated and coated paper for printing and writing; and coated cardboard for packaging. The company has a P/E ratio of 32.86.

TheStreet Ratings rates Fibria Celulose as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Fibria Celulose Ratings Report now.

PartnerRe

Owners of PartnerRe (NYSE: PRE) shares, as of market close today, will be eligible for a dividend of 70 cents per share. At a price of $126.73 as of 9:36 a.m. ET, the dividend yield is 2.2%.

The average volume for PartnerRe has been 701,100 shares per day over the past 30 days. PartnerRe has a market cap of $6.1 billion and is part of the insurance industry. Shares are up 12.4% year-to-date as of the close of trading on Monday.

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PartnerRe Ltd., through its subsidiaries, provides reinsurance and certain specialty insurance services worldwide. It operates in three segments: Non-life, Life and Health, and Corporate and Other. The company has a P/E ratio of 6.67.

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