3 Stocks With Upcoming Ex-Dividend Dates: MMLP, FII, ETE

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:

Martin Midstream Partners

Owners of Martin Midstream Partners (NASDAQ: MMLP) shares, as of market close today, will be eligible for a dividend of 81 cents per share. At a price of $37.77 as of 9:36 a.m. ET, the dividend yield is 8.6%.

The average volume for Martin Midstream Partners has been 176,300 shares per day over the past 30 days. Martin Midstream Partners has a market cap of $1.3 billion and is part of the energy industry. Shares are up 41.5% year-to-date as of the close of trading on Monday.

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Federated Investors

Owners of Federated Investors (NYSE: FII) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $35.02 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for Federated Investors has been 551,700 shares per day over the past 30 days. Federated Investors has a market cap of $3.6 billion and is part of the financial services industry. Shares are up 5.4% year-to-date as of the close of trading on Monday.

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Federated Investors, Inc. is a publicly owned asset management holding company. The company has a P/E ratio of 24.28.

TheStreet Ratings rates Federated Investors as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Federated Investors Ratings Report now.

Energy Transfer Equity

Owners of Energy Transfer Equity (NYSE: ETE) shares, as of market close today, will be eligible for a dividend of 49 cents per share. At a price of $68.24 as of 9:36 a.m. ET, the dividend yield is 2.9%.

The average volume for Energy Transfer Equity has been 1.3 million shares per day over the past 30 days. Energy Transfer Equity has a market cap of $36.7 billion and is part of the energy industry. Shares are up 18.8% year-to-date as of the close of trading on Monday.

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Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the Unites States. The company has a P/E ratio of 59.28.

TheStreet Ratings rates Energy Transfer Equity 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 Energy Transfer Equity 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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