5 Stocks Going Ex-Dividend Tomorrow: JMI, ENH, VR, XL, TMO

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 13, 2013, 88 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 15.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

JAVELIN Mortgage Investment

Owners of JAVELIN Mortgage Investment (NYSE: JMI) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $19.50 as of 9:36 a.m. ET, the dividend yield is 14.2%.

The average volume for JAVELIN Mortgage Investment has been 105,400 shares per day over the past 30 days. JAVELIN Mortgage Investment has a market cap of $145.4 million and is part of the real estate industry. Shares are up 2.1% year to date as of the close of trading on Monday.

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Currently there are 3 analysts that rate JAVELIN Mortgage Investment a buy, no analysts rate it a sell, and 1 rates it a hold.

You can view the full JAVELIN Mortgage Investment Ratings Report now.

Endurance Specialty Holdings

Owners of Endurance Specialty Holdings (NYSE: ENH) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $44.99 as of 9:34 a.m. ET, the dividend yield is 2.9%.

The average volume for Endurance Specialty Holdings has been 296,500 shares per day over the past 30 days. Endurance Specialty Holdings has a market cap of $1.9 billion and is part of the insurance industry. Shares are up 13.6% year to date as of the close of trading on Monday.

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.

Endurance Specialty Holdings Ltd. underwrites specialty lines of personal and commercial property and casualty insurance and reinsurance worldwide. The company has a P/E ratio of 14.95. Currently there are 2 analysts that rate Endurance Specialty Holdings a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Endurance Specialty 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, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Endurance Specialty Holdings Ratings Report now.

Validus Holdings

Owners of Validus Holdings (NYSE: VR) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $36.84 as of 9:35 a.m. ET, the dividend yield is 3.3%.

The average volume for Validus Holdings has been 785,600 shares per day over the past 30 days. Validus Holdings has a market cap of $3.9 billion and is part of the insurance industry. Shares are up 6.6% year to date as of the close of trading on Monday.

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.

Validus Holdings, Ltd. through its subsidiaries, provides reinsurance, insurance, and insurance linked securities fund management services in the property, marine, and specialty lines markets worldwide. The company has a P/E ratio of 9.16. Currently there are 7 analysts that rate Validus Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Validus Holdings as a buy. 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, good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Validus Holdings Ratings Report now.

XL Group

Owners of XL Group (NYSE: XL) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $29.77 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for XL Group has been 2.3 million shares per day over the past 30 days. XL Group has a market cap of $8.7 billion and is part of the insurance industry. Shares are up 18.6% year to date as of the close of trading on Monday.

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.

XL Group plc, through its subsidiaries, provides insurance and reinsurance coverages to industrial, commercial, and professional firms, as well as insurance companies and other enterprises worldwide. The company operates in three segments: Insurance, Reinsurance, and Life Operations. The company has a P/E ratio of 14.12. Currently there are 9 analysts that rate XL Group a buy, no analysts rate it a sell, and 6 rate it a hold.

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

Thermo Fisher Scientific

Owners of Thermo Fisher Scientific (NYSE: TMO) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $77.00 as of 9:36 a.m. ET, the dividend yield is 0.8%.

The average volume for Thermo Fisher Scientific has been 1.9 million shares per day over the past 30 days. Thermo Fisher Scientific has a market cap of $27.6 billion and is part of the health services industry. Shares are up 21.1% year to date as of the close of trading on Monday.

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.

Thermo Fisher Scientific Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacture, analysis, discovery, and diagnostics. The company has a P/E ratio of 22.46. Currently there are 14 analysts that rate Thermo Fisher Scientific a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Thermo Fisher Scientific as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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 Thermo Fisher Scientific 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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