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.
TheStreet Ratings' price target is $51.99. The stock closed Tuesday at $45.49 and has risen 12.85% year to date.
Raymond James Financial
"Management commented that the Morgan Keegan acquisition is on track to close on April 2, with 98% of MK's financial advisors indicating their intent to stay on board," Keefe, Bruyette & Woods analysts wrote in a March 21 report. "Earlier in the day, RJF announced its third round of financing with a senior note (in February it issued 11M shares and a $350M senior note). It commented that this quarter's EPS would be unfavorably impacted given the timing of the raise since the deal will close after the quarter."
Forward Annual Dividend Yield: 1.4%
Rated "B (Buy)" by TheStreet Ratings : The company's first-quarter gross profit margin decreased from the previous year.
In the first quarter, stockholders' net worth increased 9.55% from the prior year.
TheStreet Ratings' price target is $42.54. The stock closed Tuesday at $37.36 and the stock has risen 20.67% year to date.
Air Products & Chemicals
The specialty gases company is scheduled to report its second-quarter earnings on April 23. Analysts, on average, expects earnings of $1.40 a share on revenue of $2.52 billion.
"We continue to believe APD offers a compelling investment opportunity given its relatively defensive characteristics, attractive valuation (relative to historical norms and its main US competitor) and potential for earnings upside (relative to our estimates) tied to Electronics as well as operational improvements in Europe and the US," Credit Suisse analysts wrote in a March 1 report. "Their F1Q earnings report got any potential bad news (i.e., F2Q guidance) out of the way, which should set the stage for the stock to outperform its industrial gas peers."