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: Kraft Foods (KFT), Dow Chemical (DOW - Get Report), Deere (DE - Get Report), Nucor (NUE - Get Report), Ralph Lauren (RL - Get Report), Dillard's (DDS), Franklin Resources (BEN), Canadian Pacific Railway (CP), Focus Media (FMCN) and TransCanada (TRP).
Each of the stocks received a buy rating from TheStreet Ratings.
The food products company announced last week that it is going to name its global snacks business Mondelez International. The company is dividing into a North American grocery firm and global snacks business."Kraft Foods filed an 8-K in which it disclosed its wholly-owned subsidiary, Kraft Foods Global, Inc., entered into a $4.0B 364-day revolving credit agreement," Bank of America Merrill Lynch analysts wrote in a March 15 report. "Kraft Foods, Inc. is a guarantor of the revolving credit facility, although the guarantee will automatically terminate 'upon the consummation of the previously announced proposed spin-off of our North American grocery business.' Kraft management has previously indicated it plans to complete the spin-off by the end of 2012." Forward Annual Dividend Yield: 3% Rated "A+ (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was about the same as it was last year. Kraft Foods has very weak liquidity. Its Quick Ratio is 0.45, which demonstrates a lack of ability to meet its short-term cash needs. In the fourth quarter, stockholders' net worth decreased 1.72% from the prior year. TheStreet Ratings' price target is $46.67. The stock closed Monday at $38.63 and has risen 3.4% year to date.