6 Ex-Dividend Stocks With Buy Ratings: JNJ, B, GXP, KEY, MDP, NDSN
NEW YORK ( TheStreet) -- The following stocks go ex-dividend Friday, meaning an investor must purchase the shares Thursday to qualify for the next dividend payment: Johnson & Johnson (JNJ) , Barnes Group (B) , Great Plains Energy (GXP) , KeyCorp(KEY) , Meredith(MDP) and Nordson(NDSN) .
Each of the stocks was rated a buy at TheStreet Ratings .
See the complete Dividend Calendar .
Johnson & Johnson
The consumer goods and pharmaceutical company announced Tuesday that Alex Gorsky will become CEO on April 26. Gorsky, the company's executive committee vice chairman, is replacing Bill Weldon who is retiring.
"The move comes a touch earlier than we expected, but JNJ has typically made these announcements in conjunction with the annual shareholders' meeting, and Mr. Gorsky has been one of two well known internal leaders being groomed to potentially succeed Mr. Weldon for over a year," Bank of America Merrill Lynch analysts wrote in a report Tuesday. "The other internal candidate - Sheri S. McCoy - will continue on as Vice Chairman of the Executive Committee and will continue to lead JNJ's Pharma and Consumer Groups. From a stock picking perspective we view this move as more or less expected. The transition should be smooth and we would not expect any significant change in strategic direction for JNJ."
Forward Annual Dividend Yield: 3.5%
Rated "B (Buy)" at TheStreet Ratings : The company's fourth-quarter gross profit margin decreased from the prior year.
TheStreet Ratings' price target is $74.98. The stock closed Wednesday at $65 and has declined less than 1% year to date.
The logistical services company reported last week fourth-quarter earnings of $100,000, or break-even on a per-share basis, down from year-ago earnings of $11.5 million, or 21 cents a share.
"We maintain our HOLD rating on Barnes shares, noting the overall story appears to be relatively balanced with broad strength evident in aerospace OEM and aftermarket and improved outlook for North American vehicle production," KeyBanc Capital Markets analysts wrote in a report Tuesday. "The Company maintains an attractive aerospace business, with sizable OEM content on key platforms such as the B777-300ER, B787, and Barnes 747-8/8F as well as potentially the A350. Top-line growth in BDNA appeared to decelerate a bit during the 4Q (+4%), though appears to be generating much more consistent profitability. We believe the risk-reward profile in Barnes is fairly balanced at the present time."
Forward Annual Dividend Yield: 1.4%
Rated "B+ (Buy)" by TheStreet Ratings : The company's third-quarter gross profit margin was basically the same as it was last year.
Barnes Group has average liquidity. Its Quick Ratio is 1.24, which shows the company can meet its short-term cash needs.