9 Ex-Dividend Stocks With Buy Ratings
NEW YORK (TheStreet) -- The following stocks go ex-dividend Thursday, meaning an investor must purchase the shares Wednesday to qualify for the next dividend payment: State Street(STT) , Raymond James Financial(RJF) , Air Products & Chemicals(APD) , Fulton Financial(FULT) , Liberty Property Trust(LRY) , Medicis Pharmaceutical(MRX) , Realty Income(O) , Valspar(VAL) and Wolverine Worldwide(WWW) .
Each of the stocks received a buy rating from TheStreet Ratings.
The financial services company is scheduled to report its first-quarter earnings on April 16. Analysts, on average, anticipate earnings of 88 cents a share on revenue of $2.34 billion.
"STT comes closest in our view to a pure play on the core business of asset servicing, providing key functions to fund managers worldwide," Bank of America Merrill Lynch analysts wrote in a March 16 report. "It generates 43% of its revenue from servicing, driven mainly by the value of serviced assets, with another 26% coming from an investing portfolio funded largely by client deposits."
Forward Annual Dividend Yield: 2.1%
Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was about the same as it was last year.
In the fourth quarter, stockholders' net worth increased 9.05% from the prior year.