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.

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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.

Mercury General Corporation

Owners of Mercury General Corporation (NYSE: MCY) shares as of market close today will be eligible for a dividend of 61 cents per share. At a price of $36.97 as of 9:35 a.m. ET, the dividend yield is 6.7%.

The average volume for Mercury General Corporation has been 424,900 shares per day over the past 30 days. Mercury General Corporation has a market cap of $2.0 billion and is part of the insurance industry. Shares are down 7.4% year to date as of the close of trading on Friday.

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Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance. The company also writes homeowners, commercial automobile and property, mechanical breakdown, fire, and umbrella insurance. The company has a P/E ratio of 17.22. Currently there are no analysts that rate Mercury General Corporation a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mercury General Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Mercury General Corporation Ratings Report now.

Federal Realty Investment

Owners of Federal Realty Investment (NYSE: FRT) shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $106.24 as of 9:34 a.m. ET, the dividend yield is 2.7%.

The average volume for Federal Realty Investment has been 374,600 shares per day over the past 30 days. Federal Realty Investment has a market cap of $7.0 billion and is part of the real estate industry. Shares are up 2.3% year to date as of the close of trading on Friday.

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Federal Realty Investment Trust operates as a real estate investment trust, which engages in the ownership, management, development, and redevelopment of retail and mixed-use properties. The company has a P/E ratio of 49.61. Currently there are 3 analysts that rate Federal Realty Investment a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Federal Realty Investment as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, revenue growth 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 Federal Realty Investment Ratings Report now.

Legg Mason

Owners of Legg Mason (NYSE: LM) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $30.19 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for Legg Mason has been 1.9 million shares per day over the past 30 days. Legg Mason has a market cap of $3.9 billion and is part of the financial services industry. Shares are up 17.3% year to date as of the close of trading on Friday.

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Legg Mason, Inc. provides asset management and related financial services to institutional and individual clients, company-sponsored mutual funds, and other pooled investment vehicles worldwide. Currently there are 2 analysts that rate Legg Mason a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Legg Mason as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Legg Mason Ratings Report now.

Goldcorp

Owners of Goldcorp (NYSE: GG) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $32.65 as of 9:36 a.m. ET, the dividend yield is 1.8%.

The average volume for Goldcorp has been 5.7 million shares per day over the past 30 days. Goldcorp has a market cap of $26.6 billion and is part of the metals & mining industry. Shares are down 11.1% 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.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores. The company has a P/E ratio of 16.79. Currently there are 13 analysts that rate Goldcorp a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Goldcorp as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Goldcorp 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.

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.
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