5 Stocks Going Ex-Dividend Tomorrow: UVE, MCY, FRT, LM, GG

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Tomorrow, March 12, 2013, 23 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 13.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Universal Insurance Holdings

Owners of Universal Insurance Holdings (AMEX: UVE) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $4.61 as of 9:34 a.m. ET, the dividend yield is 7.2%.

The average volume for Universal Insurance Holdings has been 90,400 shares per day over the past 30 days. Universal Insurance Holdings has a market cap of $181.9 million and is part of the insurance industry. Shares are up 1.6% year to date as of the close of trading on Friday.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year.

Universal Insurance Holdings, Inc., through its subsidiaries, operates as a property and casualty insurance company in the United States. The company has a P/E ratio of 7.54.

TheStreet Ratings rates Universal Insurance Holdings 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, increase in stock price during the past year, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Universal Insurance Holdings Ratings Report now.

If you liked this article you might like

Hurricane Irma Could Total $40 Billion in Insurance Claims: Why That's Good News