Tomorrow, Thursday, April 28, 2016, 39 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 11%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Holly Energy Partners

Owners of Holly Energy Partners (NYSE: HEP) shares, as of market close today, will be eligible for a dividend of 58 cents per share. At a price of $36.44 as of 9:36 a.m. ET, the dividend yield is 6.5%.

The average volume for Holly Energy Partners has been 146,100 shares per day over the past 30 days. Holly Energy Partners has a market cap of $2.1 billion and is part of the energy industry. Shares are up 18.3% year-to-date as of the close of trading on Tuesday.

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Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, and loading rack facilities. The company has a P/E ratio of 22.04.

TheStreet Ratings rates Holly Energy Partners 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 impressive record of earnings per share growth. 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 Holly Energy 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 $56.12 as of 9:30 a.m. ET, the dividend yield is 6.5%.

The average volume for TC Pipelines has been 287,700 shares per day over the past 30 days. TC Pipelines has a market cap of $3.6 billion and is part of the energy industry. Shares are up 11.1% year-to-date as of the close of trading on Tuesday.

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TC PipeLines, LP acquires, owns, and participates in the management of energy infrastructure businesses in North America.

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

ONEOK Partners

Owners of ONEOK Partners (NYSE: OKS) shares, as of market close today, will be eligible for a dividend of 79 cents per share. At a price of $36.60 as of 9:37 a.m. ET, the dividend yield is 8.8%.

The average volume for ONEOK Partners has been 1.3 million shares per day over the past 30 days. ONEOK Partners has a market cap of $10.2 billion and is part of the energy industry. Shares are up 19.5% year-to-date as of the close of trading on Tuesday.

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ONEOK Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The company has a P/E ratio of 48.89.

TheStreet Ratings rates ONEOK Partners as a hold. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full ONEOK Partners 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.