Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: UHT, OMI, LUK, NYX, HES

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:

Universal Health Realty Income

Owners of Universal Health Realty Income (NYSE: UHT) shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $41.43 as of 9:35 a.m. ET, the dividend yield is 6.1%.

The average volume for Universal Health Realty Income has been 40,100 shares per day over the past 30 days. Universal Health Realty Income has a market cap of $523.0 million and is part of the real estate industry. Shares are down 18.6% 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.

Universal Health Realty Income Trust operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 37.78.

TheStreet Ratings rates Universal Health Realty Income as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and poor profit margins. You can view the full Universal Health Realty Income Ratings Report now.

Owens & Minor

Owners of Owens & Minor (NYSE: OMI) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $35.00 as of 9:35 a.m. ET, the dividend yield is 2.8%.

The average volume for Owens & Minor has been 358,100 shares per day over the past 30 days. Owens & Minor has a market cap of $2.2 billion and is part of the wholesale industry. Shares are up 22.1% 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.

Owens & Minor, Inc., together with its subsidiaries, provides distribution, third-party logistics, and other supply-chain management services to healthcare providers and suppliers of medical and surgical products. The company has a P/E ratio of 20.88.

TheStreet Ratings rates Owens & Minor as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures 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 Owens & Minor Ratings Report now.

Leucadia National Corporation

Owners of Leucadia National Corporation (NYSE: LUK) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $27.83 as of 9:35 a.m. ET, the dividend yield is 0.9%.

The average volume for Leucadia National Corporation has been 1.2 million shares per day over the past 30 days. Leucadia National Corporation has a market cap of $9.9 billion and is part of the food & beverage industry. Shares are up 17.5% 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.

Leucadia National Corporation operates as a diversified holding company. The company owns and holds investments in investment banking, beef processing, manufacturing, telecommunications, gaming, real estate, and energy sectors. The company has a P/E ratio of 8.09.

TheStreet Ratings rates Leucadia National Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Leucadia National Corporation Ratings Report now.

NYSE Euronext

Owners of NYSE Euronext (NYSE: NYX) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $42.24 as of 9:35 a.m. ET, the dividend yield is 2.8%.

The average volume for NYSE Euronext has been 1.3 million shares per day over the past 30 days. NYSE Euronext has a market cap of $10.3 billion and is part of the financial services industry. Shares are up 33.9% 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.

NYSE Euronext, through its subsidiaries, operates securities exchanges. It operates various stock exchanges, including the New York Stock Exchange (NYSE), NYSE Arca, Inc., and NYSE MKT LLC in the United States; and European based exchanges comprising Euronext N.V. The company has a P/E ratio of 23.77.

TheStreet Ratings rates NYSE Euronext 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 net income, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full NYSE Euronext Ratings Report now.

Hess

Owners of Hess (NYSE: HES) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $77.59 as of 9:36 a.m. ET, the dividend yield is 1.3%.

The average volume for Hess has been 2.7 million shares per day over the past 30 days. Hess has a market cap of $26.9 billion and is part of the energy industry. Shares are up 47.9% 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.

Q2-10 (July 28): Increased 2010 production volume from 400-410kbd to 405-415kbd. Q2 EBITDAX $1,510m production 415kbpd, refining throughput 231kbpd. Call with IR, Sep 2010: They want to grow production and reserves 3% pr year. Maintain R/P ratio of around 10-12. The company has a P/E ratio of 7.55.

TheStreet Ratings rates Hess 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, attractive valuation levels and expanding profit margins. 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 Hess 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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