Tomorrow, Wednesday, March 02, 2016, 42 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 21.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cognex

Owners of Cognex (NASDAQ: CGNX) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $37.65 as of 9:37 a.m. ET, the dividend yield is 0.8%.

The average volume for Cognex has been 550,200 shares per day over the past 30 days. Cognex has a market cap of $3.2 billion and is part of the electronics industry. Shares are up 9.6% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 30.56.

Old Republic International

Owners of Old Republic International (NYSE: ORI) shares, as of market close today, will be eligible for a dividend of 19 cents per share. At a price of $17.88 as of 9:37 a.m. ET, the dividend yield is 4.2%.

The average volume for Old Republic International has been 2.1 million shares per day over the past 30 days. Old Republic International has a market cap of $4.7 billion and is part of the insurance industry. Shares are down 4.5% year-to-date as of the close of trading on Monday.

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Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada.

TheStreet Ratings rates Old Republic International as a buy. 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, solid stock price performance, increase in net income and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Old Republic International Ratings Report now.

Genuine Parts

Owners of Genuine Parts (NYSE: GPC) shares, as of market close today, will be eligible for a dividend of 66 cents per share. At a price of $91.37 as of 9:36 a.m. ET, the dividend yield is 2.9%.

The average volume for Genuine Parts has been 864,000 shares per day over the past 30 days. Genuine Parts has a market cap of $13.8 billion and is part of the specialty retail industry. Shares are up 5% year-to-date as of the close of trading on Monday.

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Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Canada, Mexico, Australia, New Zealand, Puerto Rico, the Dominican Republic, and the Caribbean region. The company has a P/E ratio of 19.71.

TheStreet Ratings rates Genuine Parts as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full Genuine Parts 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.