Friday, Friday, January 29, 2016, 21 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.1% to 25.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Friday:

Blueknight Energy Partners

Owners of Blueknight Energy Partners (NASDAQ: BKEP) shares, as of market close today, will be eligible for a dividend of 14 cents per share. At a price of $4.78 as of 3:42 p.m. ET, the dividend yield is 11.6%.

The average volume for Blueknight Energy Partners has been 89,200 shares per day over the past 30 days. Blueknight Energy Partners has a market cap of $165.1 million and is part of the energy industry. Shares are down 11% year-to-date as of the close of trading on Tuesday.

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Blueknight Energy Partners, L.P. provides integrated terminalling, storage, processing, gathering, and transportation services for companies engaged in the production, distribution, and marketing of crude oil and asphalt products in the United States. The company has a P/E ratio of 50.00.

TheStreet Ratings rates Blueknight Energy Partners as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. You can view the full Blueknight Energy Partners Ratings Report now.

Holly Energy Partners

Owners of Holly Energy Partners (NYSE: HEP) shares, as of market close today, will be eligible for a dividend of 56 cents per share. At a price of $25.17 as of 9:35 a.m. ET, the dividend yield is 9.1%.

The average volume for Holly Energy Partners has been 172,500 shares per day over the past 30 days. Holly Energy Partners has a market cap of $1.5 billion and is part of the energy industry. Shares are down 20.4% year-to-date as of the close of trading on Wednesday.

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Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, and loading rack facilities. The company has a P/E ratio of 17.23.

TheStreet Ratings rates Holly Energy Partners as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally higher debt management risk. You can view the full Holly Energy Partners Ratings Report now.

Apogee

Owners of Apogee (NASDAQ: APOG) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $38.05 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for Apogee has been 328,900 shares per day over the past 30 days. Apogee has a market cap of $1.1 billion and is part of the materials & construction industry. Shares are down 10.6% year-to-date as of the close of trading on Wednesday.

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Apogee Enterprises, Inc. designs and develops glass solutions for enclosing commercial buildings and framing art in the United States, Canada, and Brazil. The company has a P/E ratio of 18.87.

TheStreet Ratings rates Apogee as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Apogee 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.