Tomorrow, Thursday, January 21, 2016, 6 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 10.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Pembina Pipeline

Owners of Pembina Pipeline (NYSE: PBA) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $18.46 as of 9:37 a.m. ET, the dividend yield is 6.7%.

The average volume for Pembina Pipeline has been 405,800 shares per day over the past 30 days. Pembina Pipeline has a market cap of $7.0 billion and is part of the energy industry. Shares are down 11.9% year-to-date as of the close of trading on Tuesday.

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Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through four businesses: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services, and Midstream. The company has a P/E ratio of 27.94.

TheStreet Ratings rates Pembina Pipeline as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income and growth in earnings per share. 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 generally higher debt management risk. You can view the full Pembina Pipeline Ratings Report now.

CR Bard

Owners of CR Bard (NYSE: BCR) shares, as of market close today, will be eligible for a dividend of 24 cents per share. At a price of $177.27 as of 9:37 a.m. ET, the dividend yield is 0.5%.

The average volume for CR Bard has been 514,900 shares per day over the past 30 days. CR Bard has a market cap of $13.1 billion and is part of the health services industry. Shares are down 5.7% year-to-date as of the close of trading on Tuesday.

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C. R. Bard, Inc. designs, manufactures, packages, distributes, and sells medical, surgical, diagnostic, and patient care devices worldwide. The company has a P/E ratio of 103.47.

TheStreet Ratings rates CR Bard as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 deteriorating net income, weak operating cash flow and disappointing return on equity. You can view the full CR Bard Ratings Report now.

Colgate-Palmolive

Owners of Colgate-Palmolive (NYSE: CL) shares, as of market close today, will be eligible for a dividend of 38 cents per share. At a price of $63.15 as of 9:37 a.m. ET, the dividend yield is 2.4%.

The average volume for Colgate-Palmolive has been 3.4 million shares per day over the past 30 days. Colgate-Palmolive has a market cap of $57.0 billion and is part of the consumer non-durables industry. Shares are down 3.5% year-to-date as of the close of trading on Tuesday.

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Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. It operates in two segments: Oral, Personal and Home Care; and Pet Nutrition. The company has a P/E ratio of 25.44.

TheStreet Ratings rates Colgate-Palmolive as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Colgate-Palmolive 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.