Tomorrow, Tuesday, February 23, 2016, 17 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1% to 10.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Barnes Group

Owners of Barnes Group (NYSE: B) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $34.19 as of 9:37 a.m. ET, the dividend yield is 1.5%.

The average volume for Barnes Group has been 239,300 shares per day over the past 30 days. Barnes Group has a market cap of $1.7 billion and is part of the industrial industry. Shares are down 4% year-to-date as of the close of trading on Friday.

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Barnes Group Inc. operates as an industrial and aerospace manufacturer and service provider serving a range of end markets and customers worldwide. The company operates in two segments, Industrial and Aerospace. The company has a P/E ratio of 13.63.

TheStreet Ratings rates Barnes Group as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Barnes Group Ratings Report now.

Dun & Bradstreet

Owners of Dun & Bradstreet (NYSE: DNB) shares, as of market close today, will be eligible for a dividend of 48 cents per share. At a price of $94.38 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Dun & Bradstreet has been 223,000 shares per day over the past 30 days. Dun & Bradstreet has a market cap of $3.4 billion and is part of the computer software & services industry. Shares are down 10.9% year-to-date as of the close of trading on Friday.

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The Dun & Bradstreet Corporation provides commercial data, analytics, and insights on businesses in North America, the Asia Pacific, Europe, and internationally. The company has a P/E ratio of 16.67.

TheStreet Ratings rates Dun & Bradstreet as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Dun & Bradstreet Ratings Report now.

Snap-on

Owners of Snap-on (NYSE: SNA) shares, as of market close today, will be eligible for a dividend of 61 cents per share. At a price of $147.33 as of 9:37 a.m. ET, the dividend yield is 1.7%.

The average volume for Snap-on has been 544,100 shares per day over the past 30 days. Snap-on has a market cap of $8.4 billion and is part of the industrial industry. Shares are down 15.3% year-to-date as of the close of trading on Friday.

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Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company has a P/E ratio of 17.89.

TheStreet Ratings rates Snap-on as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins 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 Snap-on 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.