5 Stocks Going Ex-Dividend Tomorrow: VGR, BR, EXR, CMA, UNH

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:

Vector Group

Owners of Vector Group (NYSE: VGR) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $16.09 as of 9:35 a.m. ET, the dividend yield is 9.9%.

The average volume for Vector Group has been 579,800 shares per day over the past 30 days. Vector Group has a market cap of $1.5 billion and is part of the tobacco industry. Shares are up 8.5% year to date as of the close of trading on Monday.

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Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. The company has a P/E ratio of 46.14. Currently there are no analysts that rate Vector Group a buy, no analysts rate it a sell, and none rate it a hold.

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

Broadridge Financial Solutions

Owners of Broadridge Financial Solutions (NYSE: BR) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $23.72 as of 9:35 a.m. ET, the dividend yield is 3%.

The average volume for Broadridge Financial Solutions has been 663,900 shares per day over the past 30 days. Broadridge Financial Solutions has a market cap of $2.9 billion and is part of the computer software & services industry. Shares are up 3.8% year to date as of the close of trading on Monday.

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Broadridge Financial Solutions, Inc., together with its subsidiaries, provides technology solutions to the financial services industry in the United States, Canada, and the United Kingdom. The company has a P/E ratio of 22.37. Currently there are 2 analysts that rate Broadridge Financial Solutions a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Broadridge Financial Solutions 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 increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Broadridge Financial Solutions Ratings Report now.

Extra Space Storage

Owners of Extra Space Storage (NYSE: EXR) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $38.93 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Extra Space Storage has been 991,400 shares per day over the past 30 days. Extra Space Storage has a market cap of $4.3 billion and is part of the real estate industry. Shares are up 6.8% year to date as of the close of trading on Monday.

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Extra Space Storage, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. The company has a P/E ratio of 34.39. Currently there are 4 analysts that rate Extra Space Storage a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Extra Space Storage as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Extra Space Storage Ratings Report now.

Comerica

Owners of Comerica (NYSE: CMA) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $36.65 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Comerica has been 2.4 million shares per day over the past 30 days. Comerica has a market cap of $6.8 billion and is part of the banking industry. Shares are up 21% year to date as of the close of trading on Monday.

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Comerica Incorporated, through its subsidiaries, provides financial products and services primarily in Texas, Arizona, California, Florida, and Michigan. The company operates in three segments: Business Bank, Retail Bank, and Wealth Management. The company has a P/E ratio of 13.59. Currently there are 4 analysts that rate Comerica a buy, 4 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Comerica 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Comerica Ratings Report now.

UnitedHealth Group

Owners of UnitedHealth Group (NYSE: UNH) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $54.15 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for UnitedHealth Group has been 6.3 million shares per day over the past 30 days. UnitedHealth Group has a market cap of $55.2 billion and is part of the health services industry. Shares are down 0.1% 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.

UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company has a P/E ratio of 10.19. Currently there are 12 analysts that rate UnitedHealth Group a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates UnitedHealth Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full UnitedHealth Group 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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