NEW YORK ( TheStreet) - The following stocks go ex-dividend Tuesday, meaning an investor must purchase the shares Monday to qualify for the next dividend payment: Microsoft (MSFT - Get Report), Avon Products (AVP - Get Report), Columbia Sportswear (COLM - Get Report), Gildan (GIL - Get Report) and Simon Property Group (SPG - Get Report).
The software maker reported on April 19 third-quarter net income of $5.11 billion, or 60 cents a share, down from year-earlier earnings of $5.23 billion, or 61 cents a share.
"MSFT reported solid 3Q12 results, with revenue and EPS coming in ahead of consensus," Oppenheimer analysts wrote in an April 20 report. "The company saw strong demand in its business desktop and infrastructure offerings providing it with solid revenue growth coupled with continued cost discipline which drove double digit operating income growth of 12%. We believe that the upcoming release of Windows 8, the next version of Office and the Windows phone could provide some upside in a declining PC environment. Reiterate Outperform and $36 price target."Forward Annual Dividend Yield: 2.6%
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts