Tomorrow, Thursday, May 05, 2016, 34 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1% to 13.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar. Highlighted Stocks Going Ex-Dividend Tomorrow: USD Partners Owners of USD Partners (NYSE: USDP) shares, as of market close today, will be eligible for a dividend of 31 cents per share. At a price of $9.50 as of 9:30 a.m. ET, the dividend yield is 12.5%. The average volume for USD Partners has been 49,400 shares per day over the past 30 days. USD Partners has a market cap of $222.8 million and is part of the transportation industry. Shares are up 31.9% year-to-date as of the close of trading on Tuesday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. USD Partners LP acquires, develops, and operates energy-related rail terminals and other midstream infrastructure assets and businesses in the United States and Canada. The company operates through two segments, Terminalling Services and Fleet Services. The company has a P/E ratio of 11.98. TheStreet Ratings rates USD Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and generally disappointing historical performance in the stock itself. You can view the full USD Partners Ratings Report now.

Westamerica Bancorp Owners of Westamerica Bancorp (NASDAQ: WABC) shares, as of market close today, will be eligible for a dividend of 39 cents per share. At a price of $46.16 as of 9:37 a.m. ET, the dividend yield is 3.2%. The average volume for Westamerica Bancorp has been 196,100 shares per day over the past 30 days. Westamerica Bancorp has a market cap of $1.2 billion and is part of the banking industry. Shares are up 0.4% year-to-date as of the close of trading on Tuesday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. Westamerica Bancorporation operates as the bank holding company for Westamerica Bank that provides various banking products and services to individual and corporate customers. The company has a P/E ratio of 21.23. TheStreet Ratings rates Westamerica Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Westamerica Bancorp Ratings Report now.

Brown & Brown Owners of Brown & Brown (NYSE: BRO) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $35.07 as of 9:36 a.m. ET, the dividend yield is 1.4%. The average volume for Brown & Brown has been 690,300 shares per day over the past 30 days. Brown & Brown has a market cap of $4.9 billion and is part of the insurance industry. Shares are up 10.1% year-to-date as of the close of trading on Tuesday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. Brown & Brown, Inc. markets and sells insurance products and services primarily in the United States, as well as in England, Bermuda, and the Cayman Islands. The company has a P/E ratio of 20.29. TheStreet Ratings rates Brown & Brown as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Brown & Brown 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.