Tomorrow, Wednesday, June 01, 2016, 53 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% 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:

First Trust High Income Long/Short Fund

Owners of First Trust High Income Long/Short Fund (NYSE: FSD) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $14.81 as of 9:32 a.m. ET, the dividend yield is 6.5%.

The average volume for First Trust High Income Long/Short Fund has been 100,800 shares per day over the past 30 days. First Trust High Income Long/Short Fund has a market cap of $532.1 million and is part of the financial services industry. Shares are up 5.3% year-to-date as of the close of trading on Friday.

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General Cable

Owners of General Cable (NYSE: BGC) shares, as of market close today, will be eligible for a dividend of 18 cents per share. At a price of $13.88 as of 9:40 a.m. ET, the dividend yield is 5.2%.

The average volume for General Cable has been 762,000 shares per day over the past 30 days. General Cable has a market cap of $682.0 million and is part of the industrial industry. Shares are up 3.1% year-to-date as of the close of trading on Friday.

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General Cable Corporation designs, develops, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, and specialty and communications markets worldwide.

TheStreet Ratings rates General Cable as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, weak operating cash flow, generally disappointing historical performance in the stock itself and poor profit margins. You can view the full General Cable Ratings Report now.

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 $19.24 as of 9:41 a.m. ET, the dividend yield is 3.9%.

The average volume for Old Republic International has been 2.0 million shares per day over the past 30 days. Old Republic International has a market cap of $5.0 billion and is part of the insurance industry. Shares are up 3.4% year-to-date as of the close of trading on Friday.

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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, compelling growth in net income and attractive valuation levels. 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.

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.