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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:
Staples(SPLS - Get Report),
InterContinental Hotels Group(IHG),
Coventry Health Care(CVH),
Advance Auto Parts(AAP - Get Report),
Piedmont Natural Gas(PNY - Get Report),
World Fuel Services(INT) and
Each of the stocks received a buy rating from
The office retailer raised its quarterly dividend 10% to 11 cents a share. The dividend is payable on April 12.
"Shares have run up on a better labor outlook only to retreat each time," Jefferies analysts wrote in a March 1 report. "The stock is stuck in a range until we see a few changes, including a stabilization of international sales and margin, clearer signs of underlying improvement in NA beyond weather and improvement in labor. Staples remains challenged by a low growth environment, secular headwinds and excess capacity with occasional irrational behavior from competitors."
Forward Annual Dividend Yield: 2.7%
Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was about the same as last year.
Staples has weak liquidity. Its Quick Ratio is 0.81, which demonstrates a lack of ability to meet its short-term cash needs.
In the fourth quarter, stockholders' net worth increased 1.02% from the prior year.
TheStreet Ratings' price target is
$19.05. The stock closed Monday at $16.46 and has risen 18.5% year to date.