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:

Imperial Oil

Owners of Imperial Oil (AMEX: IMO) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $32.18 as of 9:37 a.m. ET, the dividend yield is 1.3%.

The average volume for Imperial Oil has been 371,300 shares per day over the past 30 days. Imperial Oil has a market cap of $26.8 billion and is part of the energy industry. Shares are down 2% year-to-date as of the close of trading on Monday.

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Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. The company has a P/E ratio of 33.23.

TheStreet Ratings rates Imperial Oil as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. You can view the full Imperial Oil Ratings Report now.

Bruker

Owners of Bruker (NASDAQ: BRKR) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $26.18 as of 9:36 a.m. ET, the dividend yield is 0.6%.

The average volume for Bruker has been 1.4 million shares per day over the past 30 days. Bruker has a market cap of $4.4 billion and is part of the health services industry. Shares are up 7% year-to-date as of the close of trading on Monday.

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Bruker Corporation, together with its subsidiaries, designs, manufactures, sells, and services proprietary life science and materials research systems, and associated products worldwide. It operates through two segments, Bruker Scientific Instruments, and Bruker Energy & Supercon Technologies. The company has a P/E ratio of 43.50.

TheStreet Ratings rates Bruker 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, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Bruker Ratings Report now.

Bank Bradesco

Owners of Bank Bradesco (NYSE: BBD) shares, as of market close today, will be eligible for a dividend of 0 cents per share. At a price of $5.38 as of 9:36 a.m. ET, the dividend yield is 0.9%.

The average volume for Bank Bradesco has been 14.6 million shares per day over the past 30 days. Bank Bradesco has a market cap of $25.9 billion and is part of the banking industry. Shares are up 10.2% year-to-date as of the close of trading on Monday.

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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.