Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: UMH, JMI, LPLA, JBL, KR

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Tomorrow, Aug. 13, 2013, 45 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 20.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

UMH Properties

Owners of UMH Properties (NYSE: UMH) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $10.77 as of 9:30 a.m. ET, the dividend yield is 6.7%.

The average volume for UMH Properties has been 52,700 shares per day over the past 30 days. UMH Properties has a market cap of $194.5 million and is part of the real estate industry. Shares are up 5.4% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

UMH Properties, Inc. (UMH) is a real estate investment trust. The firm engages in the ownership and operation of manufactured home communities. It leases manufactured home spaces to private manufactured home owners, as well as leases homes to residents. The company has a P/E ratio of 22.44.

TheStreet Ratings rates UMH Properties as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, reasonable valuation levels, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full UMH Properties Ratings Report now.

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 $13.27 as of 9:35 a.m. ET, the dividend yield is 20.7%.

The average volume for JAVELIN Mortgage Investment has been 459,700 shares per day over the past 30 days. JAVELIN Mortgage Investment has a market cap of $179.8 million and is part of the real estate industry. Shares are down 30.7% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

LPL Financial Holdings

Owners of LPL Financial Holdings (NASDAQ: LPLA) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $39.10 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for LPL Financial Holdings has been 565,100 shares per day over the past 30 days. LPL Financial Holdings has a market cap of $4.1 billion and is part of the financial services industry. Shares are up 39.8% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

LPL Financial Holdings Inc. provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. The company has a P/E ratio of 24.73.

TheStreet Ratings rates LPL Financial Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full LPL Financial Holdings Ratings Report now.

Jabil Circuit

Owners of Jabil Circuit (NYSE: JBL) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $23.59 as of 9:36 a.m. ET, the dividend yield is 1.4%.

The average volume for Jabil Circuit has been 1.8 million shares per day over the past 30 days. Jabil Circuit has a market cap of $4.7 billion and is part of the electronics industry. Shares are up 22.5% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions worldwide. The company has a P/E ratio of 14.78.

TheStreet Ratings rates Jabil Circuit as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Jabil Circuit Ratings Report now.

Kroger

Owners of Kroger (NYSE: KR) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $38.79 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for Kroger has been 4.0 million shares per day over the past 30 days. Kroger has a market cap of $20.5 billion and is part of the retail industry. Shares are up 49.4% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. The company also manufactures and processes food for sale in its supermarkets. It operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. The company has a P/E ratio of 13.61.

TheStreet Ratings rates Kroger 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 notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Kroger 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.

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