5 With Upcoming Ex-Dividend Dates: CCUR, ENH, SPW, PTEN, MJN

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, Sept. 12, 2013, 48 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 22%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Concurrent Computer Corporation

Owners of Concurrent Computer Corporation (NASDAQ: CCUR) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $7.76 as of 9:34 a.m. ET, the dividend yield is 6.2%.

The average volume for Concurrent Computer Corporation has been 95,500 shares per day over the past 30 days. Concurrent Computer Corporation has a market cap of $71.4 million and is part of the computer hardware industry. Shares are up 34.8% year to date as of the close of trading on Tuesday.

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

Concurrent Computer Corporation provides software, hardware, and professional services for the video market in North America, the Asia Pacific, Europe, and South America. It operates in two segments, Video Solutions and Real-Time Products. The company has a P/E ratio of 16.12.

TheStreet Ratings rates Concurrent Computer Corporation as a hold. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Concurrent Computer Corporation 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 $50.85 as of 9:29 a.m. ET, the dividend yield is 2.5%.

The average volume for Endurance Specialty Holdings has been 241,300 shares per day over the past 30 days. Endurance Specialty Holdings has a market cap of $2.3 billion and is part of the insurance industry. Shares are up 28.1% year to date as of the close of trading on Tuesday.

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

Endurance Specialty Holdings Ltd. underwrites specialty lines of personal and commercial property and casualty insurance and reinsurance worldwide. The company operates in two segments, Insurance and Reinsurance. The company has a P/E ratio of 16.19.

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, solid stock price performance, attractive valuation levels 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 Endurance Specialty Holdings Ratings Report now.

SPX Corporation

Owners of SPX Corporation (NYSE: SPW) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $82.38 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for SPX Corporation has been 370,000 shares per day over the past 30 days. SPX Corporation has a market cap of $3.6 billion and is part of the industrial industry. Shares are up 15.8% year to date as of the close of trading on Tuesday.

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

Patterson-UTI Energy

Owners of Patterson-UTI Energy (NASDAQ: PTEN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $20.79 as of 9:36 a.m. ET, the dividend yield is 1%.

The average volume for Patterson-UTI Energy has been 2.6 million shares per day over the past 30 days. Patterson-UTI Energy has a market cap of $3.0 billion and is part of the energy industry. Shares are up 10.4% year to date as of the close of trading on Tuesday.

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

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company has a P/E ratio of 14.69.

TheStreet Ratings rates Patterson-UTI Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Patterson-UTI Energy Ratings Report now.

Mead Johnson Nutrition Company

Owners of Mead Johnson Nutrition Company (NYSE: MJN) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $75.17 as of 9:36 a.m. ET, the dividend yield is 1.8%.

The average volume for Mead Johnson Nutrition Company has been 2.1 million shares per day over the past 30 days. Mead Johnson Nutrition Company has a market cap of $15.2 billion and is part of the food & beverage industry. Shares are up 13.6% year to date as of the close of trading on Tuesday.

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

Mead Johnson is a subsidiary of Bristol-Myers Squibb Co., see separate record. The company has a P/E ratio of 25.25.

TheStreet Ratings rates Mead Johnson Nutrition Company as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Mead Johnson Nutrition Company 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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