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:

Vanguard Natural Resources

Owners of Vanguard Natural Resources (NASDAQ: VNRAP) shares, as of market close today, will be eligible for a dividend of 16 cents per share. At a price of $18.18 as of 9:30 a.m. ET, the dividend yield is 10.2%.

The average volume for Vanguard Natural Resources has been 56,000 shares per day over the past 30 days. Vanguard Natural Resources has a market cap of $49.4 million and is part of the energy industry. Shares are down 18.8% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Western Gas Equity Partners

Owners of Western Gas Equity Partners (NYSE: WGP) shares, as of market close today, will be eligible for a dividend of 38 cents per share. At a price of $41.14 as of 9:30 a.m. ET, the dividend yield is 3.6%.

The average volume for Western Gas Equity Partners has been 232,000 shares per day over the past 30 days. Western Gas Equity Partners has a market cap of $9.2 billion and is part of the energy industry. Shares are down 31.9% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Western Gas Equity Partners, LP engages in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil in the United States. The company has a P/E ratio of 38.41.

TheStreet Ratings rates Western Gas Equity Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and generally high debt management risk. You can view the full Western Gas Equity Partners Ratings Report now.

Targa Resources Partners

Owners of Targa Resources Partners (NYSE: NGLS) shares, as of market close today, will be eligible for a dividend of 82 cents per share. At a price of $29.48 as of 9:36 a.m. ET, the dividend yield is 11%.

The average volume for Targa Resources Partners has been 1.1 million shares per day over the past 30 days. Targa Resources Partners has a market cap of $5.6 billion and is part of the energy industry. Shares are down 38.8% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Targa Resources Partners LP owns, operates, acquires, and develops midstream energy assets in the United States. The company has a P/E ratio of 19.43.

TheStreet Ratings rates Targa Resources Partners as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and deteriorating net income. You can view the full Targa Resources Partners 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.