5 Stocks Going Ex-Dividend Tomorrow: JMI, BR, TCO, NU, MRK

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:

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 $12.83 as of 9:35 a.m. ET, the dividend yield is 22%.

The average volume for JAVELIN Mortgage Investment has been 357,500 shares per day over the past 30 days. JAVELIN Mortgage Investment has a market cap of $169.3 million and is part of the real estate industry. Shares are down 33.1% 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.

Broadridge Financial Solutions

Owners of Broadridge Financial Solutions (NYSE: BR) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $30.78 as of 9:34 a.m. ET, the dividend yield is 2.8%.

The average volume for Broadridge Financial Solutions has been 594,500 shares per day over the past 30 days. Broadridge Financial Solutions has a market cap of $3.6 billion and is part of the computer software & services industry. Shares are up 34.3% 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.

Broadridge Financial Solutions, Inc. 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 17.92.

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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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 Broadridge Financial Solutions Ratings Report now.

Taubman Centers

Owners of Taubman Centers (NYSE: TCO) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $69.09 as of 9:34 a.m. ET, the dividend yield is 2.9%.

The average volume for Taubman Centers has been 576,000 shares per day over the past 30 days. Taubman Centers has a market cap of $4.5 billion and is part of the real estate industry. Shares are down 12.1% 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.

Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner's interest in The Taubman Realty Group Limited Partnership (the operating partnership). The company has a P/E ratio of 46.23.

TheStreet Ratings rates Taubman Centers as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Taubman Centers Ratings Report now.

Northeast Utilities

Owners of Northeast Utilities (NYSE: NU) shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $40.41 as of 9:36 a.m. ET, the dividend yield is 3.6%.

The average volume for Northeast Utilities has been 1.5 million shares per day over the past 30 days. Northeast Utilities has a market cap of $12.8 billion and is part of the utilities industry. Shares are up 4.8% 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.

Northeast Utilities, a public utility company, through its subsidiaries, engages in the energy delivery business. It operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Other. The company has a P/E ratio of 15.95.

TheStreet Ratings rates Northeast Utilities as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Northeast Utilities Ratings Report now.

Merck

Owners of Merck (NYSE: MRK) shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $48.04 as of 9:35 a.m. ET, the dividend yield is 3.6%.

The average volume for Merck has been 11.7 million shares per day over the past 30 days. Merck has a market cap of $139.7 billion and is part of the drugs industry. Shares are up 17.2% 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.

Merck & Co., Inc. provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products worldwide. The company has a P/E ratio of 28.59.

TheStreet Ratings rates Merck 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, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Merck 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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