8 Ex-Dividend Stocks With Buy Ratings
NEW YORK (TheStreet) -- The following stocks go ex-dividend Monday, meaning an investor must purchase the shares Friday to qualify for the next dividend payment: Toronto Dominion Bank(TD) , Raytheon(RTN) , Rent-A-Center(RCII) , Kimco Realty(KIM) , CVB Financial(CVBF) , Covidien(COV) , Comcast(CMCSA) and Mack-Cali Realty(CLI) .
Each of the stocks received a buy rating from TheStreet Ratings.
Toronto Dominion Bank
The bank reported on March 1 first-quarter earnings of 1.4 billion Canadian dollars, or C$1.87 a share, down from year-earlier earnings of 1.5 billion Canadian dollars, or C$1.75 a share.
"TD remains Outperform rated," BMO Capital Markets analysts wrote in a March 1 report. "Strong loan growth in both Canadian and U.S. retail banking highlights the strength of TD's business model. Given its momentum, U.S. earnings growth should accelerate next year after the impact of the Durbin amendment abates. The relative valuation on TD's shares should improve given the continued strength of its retail franchises. Member of Top 15 Large Cap, Income and Quantitative stock selections."
Forward Annual Dividend Yield: 3.4%
Rated "B- (Buy)" by TheStreet Ratings: The company's first-quarter gross profit margin was about the same as it was the previous year.
In the first quarter, stockholders' net worth increased 6.1% from the prior year.