Tomorrow, Friday, May 06, 2016, 24 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 13%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar. Highlighted Stocks Going Ex-Dividend Tomorrow: Westlake Chemical Partners Owners of Westlake Chemical Partners (NYSE: WLKP) shares, as of market close today, will be eligible for a dividend of 32 cents per share. At a price of $19.31 as of 9:33 a.m. ET, the dividend yield is 6.7%. The average volume for Westlake Chemical Partners has been 60,400 shares per day over the past 30 days. Westlake Chemical Partners has a market cap of $512.2 million and is part of the chemicals industry. Shares are down 13.6% year-to-date as of the close of trading on Wednesday. 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. Westlake Chemical Partners LP operates, acquires, and develops facilities for processing natural gas liquids (NGLs). The company operates NGLs processing facilities, which primarily convert ethane into ethylene. The company has a P/E ratio of 12.88. TheStreet Ratings rates Westlake Chemical Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and generally high debt management risk. You can view the full Westlake Chemical Partners Ratings Report now.

Natural Health Trends Owners of Natural Health Trends (NASDAQ: NHTC) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $37.51 as of 9:37 a.m. ET, the dividend yield is 0.7%. The average volume for Natural Health Trends has been 315,800 shares per day over the past 30 days. Natural Health Trends has a market cap of $416.7 million and is part of the consumer non-durables industry. Shares are up 10.3% year-to-date as of the close of trading on Wednesday. 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. Natural Health Trends Corp., a direct-selling and e-commerce company, provides personal care, wellness, and lifestyle products under the NHT Global brand name in North America, Hong Kong, Taiwan, South Korea, Japan, Italy, and Slovenia, as well as in Russia, Kazakhstan, and Ukraine. The company has a P/E ratio of 8.59. TheStreet Ratings rates Natural Health Trends as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Natural Health Trends Ratings Report now.

Investors Bancorp Owners of Investors Bancorp (NASDAQ: ISBC) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $11.49 as of 9:37 a.m. ET, the dividend yield is 2.1%. The average volume for Investors Bancorp has been 3.7 million shares per day over the past 30 days. Investors Bancorp has a market cap of $3.7 billion and is part of the banking industry. Shares are down 7.9% year-to-date as of the close of trading on Wednesday. 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. Investors Bancorp, Inc. operates as the holding company for Investors Bank that provides community banking products and services to individuals and businesses in the United States. The company has a P/E ratio of 20.05. TheStreet Ratings rates Investors Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Investors Bancorp 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.