Tomorrow, Thursday, July 28, 2016, 36 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 17.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Babson Capital Corporate Investors

Owners of Babson Capital Corporate Investors (NYSE: MCI) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $18.07 as of 9:30 a.m. ET, the dividend yield is 6.6%.

The average volume for Babson Capital Corporate Investors has been 15,200 shares per day over the past 30 days. Babson Capital Corporate Investors has a market cap of $358.8 million and is part of the financial services industry. Shares are up 5.5% year-to-date as of the close of trading on Tuesday.

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TC Pipelines

Owners of TC Pipelines (NYSE: TCP) shares, as of market close today, will be eligible for a dividend of 94 cents per share. At a price of $56.01 as of 9:30 a.m. ET, the dividend yield is 6.8%.

The average volume for TC Pipelines has been 182,800 shares per day over the past 30 days. TC Pipelines has a market cap of $3.7 billion and is part of the energy industry. Shares are up 13.5% 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. The company has a P/E ratio of 292.95.

TheStreet Ratings rates TC Pipelines as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full TC Pipelines Ratings Report now.

Celanese

Owners of Celanese (NYSE: CE) shares, as of market close today, will be eligible for a dividend of 36 cents per share. At a price of $65.09 as of 9:36 a.m. ET, the dividend yield is 2.1%.

The average volume for Celanese has been 783,200 shares per day over the past 30 days. Celanese has a market cap of $10.3 billion and is part of the chemicals industry. Shares are down 2.4% year-to-date as of the close of trading on Tuesday.

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Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company has a P/E ratio of 31.68.

TheStreet Ratings rates Celanese as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full Celanese 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.