5 With Upcoming Ex-Dividend Dates: PBT, EPR, LECO, STWD, WDC

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. 26, 2013, 90 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 20.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Permian Basin Royalty

Owners of Permian Basin Royalty (NYSE: PBT) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $14.21 as of 9:34 a.m. ET, the dividend yield is 9%.

The average volume for Permian Basin Royalty has been 96,600 shares per day over the past 30 days. Permian Basin Royalty has a market cap of $660.9 million and is part of the energy industry. Shares are up 15.7% 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.

Permian Basin Royalty Trust owns overriding royalty interests in various oil and gas properties in the United States. The company has a P/E ratio of 18.66.

TheStreet Ratings rates Permian Basin Royalty as a hold. 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 notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself. You can view the full Permian Basin Royalty Ratings Report now.

EPR Properties

Owners of EPR Properties (NYSE: EPR) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $49.86 as of 9:36 a.m. ET, the dividend yield is 6.3%.

The average volume for EPR Properties has been 311,600 shares per day over the past 30 days. EPR Properties has a market cap of $2.4 billion and is part of the real estate industry. Shares are up 8.8% 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.

EPR Properties, a real estate investment trust (REIT), develops, owns, leases, and finances entertainment and related properties in the United States and Canada. Its properties include megaplex theatres, entertainment retail centers, and destination recreational and specialty properties. The company has a P/E ratio of 21.00.

TheStreet Ratings rates EPR Properties as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full EPR Properties Ratings Report now.

Lincoln Electric Holdings

Owners of Lincoln Electric Holdings (NASDAQ: LECO) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $66.74 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Lincoln Electric Holdings has been 338,500 shares per day over the past 30 days. Lincoln Electric Holdings has a market cap of $5.5 billion and is part of the industrial industry. Shares are up 37.3% 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.

Lincoln Electric Holdings, Inc., through its subsidiaries, engages in the design, manufacture, and sale of welding, cutting, and brazing products worldwide. The company has a P/E ratio of 20.96.

TheStreet Ratings rates Lincoln Electric Holdings as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures 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 Lincoln Electric Holdings Ratings Report now.

Starwood Property

Owners of Starwood Property (NYSE: STWD) shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $24.23 as of 9:36 a.m. ET, the dividend yield is 7.6%.

The average volume for Starwood Property has been 2.3 million shares per day over the past 30 days. Starwood Property has a market cap of $4.1 billion and is part of the real estate industry. Shares are up 6.1% 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.

Starwood Property Trust, Inc. engages in originating, investing in, financing, and managing commercial mortgage loans, other commercial real estate debt investments, commercial mortgage-backed securities, and other commercial real estate-related debt investments. The company has a P/E ratio of 14.59.

TheStreet Ratings rates Starwood Property as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Starwood Property Ratings Report now.

Western Digital Corporation

Owners of Western Digital Corporation (NASDAQ: WDC) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $64.75 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Western Digital Corporation has been 2.2 million shares per day over the past 30 days. Western Digital Corporation has a market cap of $15.0 billion and is part of the computer hardware industry. Shares are up 48.9% 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.

Western Digital Corporation, through its subsidiaries, develops, manufactures, and sells storage products and solutions that enable people to create, manage, experience, and preserve digital content. The company has a P/E ratio of 15.90.

TheStreet Ratings rates Western Digital Corporation 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, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Western Digital Corporation 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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