NEW YORK (TheStreet) -- The following stocks go ex-dividend Wednesday, meaning an investor must purchase the stock Tuesday to qualify for the next dividend payment: Abbott Laboratories (ABT), Aetna (AET), Freeport-McMoran (FCX), Foot Locker (FL), Morningstar (MORN), Whole Foods Market (WFM) and Yum! Brands (YUM). Each of the stocks gets a buy rating from TheStreet Ratings.
Abbott Laboratories is a health care products company. Abbott announced on Monday an exclusive licensing agreement with Apricus Biosciences (APRI) that gives Abbott the rights to market Apricus' erectile dysfunction treatment Vitaros in Canada. Abbott has increased its dividend for 39 consecutive years.
Forward Annual Dividend Yield: 3.4%
Rated "B (Buy)" By TheStreet Ratings: The company's third-quarter gross profit margin was basically unchanged from the prior year.Abbott's liquidity is weak. Its Quick Ratio is 0.97, which demonstrates a lack of ability to cover short-term cash needs. In the third quarter, stockholders' net worth increased 14.94%. TheStreet Ratings' price target on Abbott is $65.11. The stock closed Monday at $55.85.
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