Ex-Dividend Stocks: Foot Locker, Yum!
NEW YORK (TheStreet) -- The following stocks go ex-dividend Wednesday, meaning an investor must purchase the shares Tuesday to qualify for the next dividend payment: Foot Locker(FL) , Potash(POT) , Mid-America Apartment Communities(MAA) , Morningstar(MORN) , Service Corp. International(SCI) , Trinity Industries(TRN) and Yum! Brands(YUM)
The shoe retailer is scheduled to report second-quarter earnings on Aug. 12. Analysts, on average, anticipate earnings of 32 cents a share on $1.34 billion in revenue.
"FL is looking to increase its women's apparel assortment at Lady Foot Locker," Sterne Agee analysts wrote in a June 8 report. "The company is working on 14 new store remodels, and testing of new stores to achieve this goal. Management believes that their female customer is looking for compelling athletic apparel products, but at reasonable prices (versus other more expensive retailers). Management was very positive on both the Under Armour (UA-$99.82-Buy) and Nike (NKE-$107.36-Buy) products. We have long held the view that women's athletic apparel is best sold in female-friendly channels such as Nordstrom (JWN-$47.66-NR) and Lady FL, rather than Dicks Sporting Goods (DKS- $46.44-Buy) or the Sports Authority. The company is also testing prototype concepts for Foot Locker and Champs. If the numerous tests are successful, the company will accelerate its store openings over the next few years."
Forward Annual Dividend Yield: 2.4%