Tomorrow, Thursday, October 29, 2015, 48 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 17.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

NVE

At a price of $59.97 as of 9:30 a.m. ET, the dividend yield is 6.5%.

The average volume for NVE has been 21,900 shares per day over the past 30 days. NVE has a market cap of $295.7 million and is part of the electronics industry. Shares are down 14.6% year-to-date as of the close of trading on Tuesday.

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NVE Corporation develops and sells devices using spintronics, a nanotechnology that utilizes electron spin rather than electron charge to acquire, store, and transmit information. The company has a P/E ratio of 21.88.

TheStreet Ratings rates NVE 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, good cash flow from operations, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full NVE Ratings Report now.

EnLink Midstream Partners

Owners of EnLink Midstream Partners (NYSE: ENLK) shares, as of market close today, will be eligible for a dividend of 39 cents per share. At a price of $16.17 as of 9:35 a.m. ET, the dividend yield is 9.2%.

The average volume for EnLink Midstream Partners has been 675,700 shares per day over the past 30 days. EnLink Midstream Partners has a market cap of $4.8 billion and is part of the energy industry. Shares are down 44.6% year-to-date as of the close of trading on Tuesday.

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Enlink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. The company has a P/E ratio of 30.67.

TheStreet Ratings rates EnLink Midstream Partners 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. You can view the full EnLink Midstream Partners Ratings Report now.

Hexcel

Owners of Hexcel (NYSE: HXL) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $46.26 as of 9:36 a.m. ET, the dividend yield is 0.9%.

The average volume for Hexcel has been 789,500 shares per day over the past 30 days. Hexcel has a market cap of $4.3 billion and is part of the aerospace/defense industry. Shares are up 10.4% year-to-date as of the close of trading on Tuesday.

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Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets in the United States and internationally. The company has a P/E ratio of 18.98.

TheStreet Ratings rates Hexcel 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, good cash flow from operations, notable return on equity and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Hexcel 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.