Tomorrow, 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 Tomorrow:

USA Compression Partners

Owners of USA Compression Partners (NYSE: USAC) shares, as of market close today, will be eligible for a dividend of 52 cents per share. At a price of $11.68 as of 9:37 a.m. ET, the dividend yield is 21%.

The average volume for USA Compression Partners has been 208,900 shares per day over the past 30 days. USA Compression Partners has a market cap of $399.2 million and is part of the energy industry. Shares are down 7.6% year-to-date as of the close of trading on Wednesday.

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USA Compression Partners, LP provides natural gas compression services under term contracts with customers in the oil and gas industry in the United States. It engineers, designs, operates, services, and repairs its compression units and maintains related support inventory and equipment. The company has a P/E ratio of 32.32.

TheStreet Ratings rates USA Compression Partners as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and growth in earnings per share. 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 weak operating cash flow. You can view the full USA Compression Partners Ratings Report now.

TC Pipelines

Owners of TC Pipelines (NYSE: TCP) shares, as of market close today, will be eligible for a dividend of 89 cents per share. At a price of $44.67 as of 9:35 a.m. ET, the dividend yield is 8.9%.

The average volume for TC Pipelines has been 216,100 shares per day over the past 30 days. TC Pipelines has a market cap of $2.7 billion and is part of the energy industry. Shares are down 16.9% year-to-date as of the close of trading on Wednesday.

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TC PipeLines, LP acquires, owns, and participates in the management of energy infrastructure businesses in North America. The company has a P/E ratio of 13.57.

TheStreet Ratings rates TC Pipelines as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full TC Pipelines Ratings Report now.

Tesoro Logistics

Owners of Tesoro Logistics (NYSE: TLLP) shares, as of market close today, will be eligible for a dividend of 78 cents per share. At a price of $45.60 as of 9:36 a.m. ET, the dividend yield is 7.3%.

The average volume for Tesoro Logistics has been 479,700 shares per day over the past 30 days. Tesoro Logistics has a market cap of $4.1 billion and is part of the energy industry. Shares are down 9.1% year-to-date as of the close of trading on Wednesday.

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Tesoro Logistics LP owns, operates, develops, and acquires logistics assets related to crude oil and refined products in the United States. It operates in three segments: Gathering, Processing, and Terminalling and Transportation. The company has a P/E ratio of 32.41.

TheStreet Ratings rates Tesoro Logistics as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Tesoro Logistics 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.