Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: MCEP, WTFC, BBD

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, August 04, 2015, 18 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 14.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Mid-Con Energy Partners

Owners of Mid-Con Energy Partners (NASDAQ: MCEP) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $3.01 as of 9:36 a.m. ET, the dividend yield is 14.4%.

The average volume for Mid-Con Energy Partners has been 157,500 shares per day over the past 30 days. Mid-Con Energy Partners has a market cap of $102.9 million and is part of the energy industry. Shares are down 50.5% year-to-date as of the close of trading on Friday.

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Mid-Con Energy Partners, LP acquires, explores, develops, and produces oil and natural gas properties in North America. The company has a P/E ratio of 4.57.

TheStreet Ratings rates Mid-Con Energy Partners as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Mid-Con Energy 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 $53.96 as of 9:36 a.m. ET, the dividend yield is 0.8%.

The average volume for Wintrust Financial has been 274,200 shares per day over the past 30 days. Wintrust Financial has a market cap of $2.6 billion and is part of the banking industry. Shares are up 15.3% 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 17.20.

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, solid stock price performance and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Wintrust Financial Ratings Report now.

Bank Bradesco

Owners of Bank Bradesco (NYSE: BBD) shares, as of market close today, will be eligible for a dividend of 0 cents per share. At a price of $7.58 as of 9:36 a.m. ET, the dividend yield is 3%.

The average volume for Bank Bradesco has been 9.4 million shares per day over the past 30 days. Bank Bradesco has a market cap of $40.3 billion and is part of the banking industry. Shares are down 28.7% year-to-date as of the close of trading on Friday.

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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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