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NEW YORK (
TheStreet) -- The following stocks go ex-dividend Wednesday, meaning an investor must purchase the shares Tuesday to qualify for the next dividend payment:
Kimberly-Clark(KMB - Get Report),
Johnson Controls(JCI - Get Report),
Gannett(GCI - Get Report),
Travelers(TRV - Get Report),
Canadian National Railway(CNI).
Each of the stocks was rated buy at
The health care products company announced on Feb. 28 that it increased its quarterly dividend to 74 cents a share from 70 cents.
"Offsetting inflation with pricing and cutting costs through disciplined and institutionalized savings programs, the company continues to hit singles and doubles while sweeping cash each year to support high dividend yield and active share repurchase program," Deutsche Bank analysts wrote in a Feb. 23 report. "Still, valuation is somewhat extended relative to mid-single digit EPS growth algorithm. While shares remain a solid income option, we maintain our Hold rating."
Forward Annual Dividend Yield: 4.1%
Rated "A (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was basically the same as last year.
Kimberly-Clark has weak liquidity. Its Quick Ratio is 0.62, which demonstrates a lack of ability to meet its short-term cash needs.
In the fourth quarter, stockholders' net worth decreased 11.28% from last year.
TheStreet Ratings' price target is
$86.70. The stock closed Monday at $72.66 and has fallen 1.22% year to date.