Friday, Friday, February 26, 2016, 48 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 36.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Friday:

Vanguard Natural Resources

Owners of Vanguard Natural Resources (NASDAQ: VNRBP) shares, as of market close today, will be eligible for a dividend of 16 cents per share. At a price of $4.83 as of 3:59 p.m. ET, the dividend yield is 36.2%.

The average volume for Vanguard Natural Resources has been 143,200 shares per day over the past 30 days. Vanguard Natural Resources has a market cap of $36.9 million and is part of the energy industry. Shares are down 47.4% year-to-date as of the close of trading on Tuesday.

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Old National Bancorp

Owners of Old National Bancorp (NASDAQ: ONB) shares, as of market close today, will be eligible for a dividend of 13 cents per share. At a price of $11.16 as of 9:37 a.m. ET, the dividend yield is 4.7%.

The average volume for Old National Bancorp has been 1.1 million shares per day over the past 30 days. Old National Bancorp has a market cap of $1.3 billion and is part of the banking industry. Shares are down 18.2% year-to-date as of the close of trading on Wednesday.

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Old National Bancorp operates as the holding company for Old National Bank, which provides various financial services to individual and commercial customers in the United States. It operates in two segments, Banking and Insurance. The company has a P/E ratio of 11.14.

TheStreet Ratings rates Old National Bancorp as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Old National Bancorp Ratings Report now.

CDK Global

Owners of CDK Global (NASDAQ: CDK) shares, as of market close today, will be eligible for a dividend of 14 cents per share. At a price of $43.72 as of 9:36 a.m. ET, the dividend yield is 1.2%.

The average volume for CDK Global has been 835,600 shares per day over the past 30 days. CDK Global has a market cap of $6.7 billion and is part of the computer software & services industry. Shares are down 8.6% year-to-date as of the close of trading on Wednesday.

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CDK Global, Inc. provides integrated information technology and digital marketing/advertising solutions to the automotive retail industry worldwide. The company operates through three segments: Automotive Retail North America, Automotive Retail International, and Digital Marketing. The company has a P/E ratio of 30.83.

TheStreet Ratings rates CDK Global as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a decline in the stock price during the past year and generally higher debt management risk. You can view the full CDK Global 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.