Tomorrow, Wednesday, November 04, 2015, 48 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 20.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cypress Energy Partners

Owners of Cypress Energy Partners (NYSE: CELP) shares, as of market close today, will be eligible for a dividend of 41 cents per share. At a price of $11.71 as of 9:30 a.m. ET, the dividend yield is 14.8%.

The average volume for Cypress Energy Partners has been 33,100 shares per day over the past 30 days. Cypress Energy Partners has a market cap of $64.9 million and is part of the energy industry. Shares are down 18.7% year-to-date as of the close of trading on Monday.

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.

Cypress Energy Partners, L.P. provides saltwater disposal (SWD), and other water and environmental services in North America. It operates in two segments: Water and Environmental Services (W&ES), and Pipeline Inspection and Integrity Services (PI&IS).

TheStreet Ratings rates Cypress Energy Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow, generally disappointing historical performance in the stock itself, deteriorating net income and generally high debt management risk. You can view the full Cypress Energy Partners Ratings Report now.

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 $29.14 as of 9:35 a.m. ET, the dividend yield is 11.2%.

The average volume for Martin Midstream Partners has been 140,600 shares per day over the past 30 days. Martin Midstream Partners has a market cap of $1.0 billion and is part of the energy industry. Shares are up 7.9% year-to-date as of the close of trading on Monday.

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.

The company has a P/E ratio of 41.96.

Precision Drilling

Owners of Precision Drilling (NYSE: PDS) shares, as of market close today, will be eligible for a dividend of 5 cents per share. At a price of $4.22 as of 9:37 a.m. ET, the dividend yield is 5.4%.

The average volume for Precision Drilling has been 3.8 million shares per day over the past 30 days. Precision Drilling has a market cap of $1.2 billion and is part of the energy industry. Shares are down 33.5% year-to-date as of the close of trading on Monday.

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.

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates through two segments, Contract Drilling Services; and Completion and Production Services.

TheStreet Ratings rates Precision Drilling as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Precision Drilling 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.