NEW YORK (TheStreet) -- The following stocks go ex-dividend Monday, meaning an investor must purchase the shares Friday to qualify for the next dividend payment: Valero Energy (VLO), Mattel (MAT), Snyders-Lance (LNCE) and Carlisle (CSL).
The petroleum refining company reported on May 1 a first-quarter loss of $432 million, or 78 cents a share, a reversal from year-earlier income of $104 million, or 18 cents a share.
"We retain our view that the US refiners are on the cusp of a secular rerating over the next several years and still believe it is too early to call the end to seasonal strength of the US refining sector," Bank of America Merrill Lynch analysts wrote in a May 2 report. "In our view, WTI-Brent will widen with North Sea downtime in the coming weeks and with a tough quarter behind them alongside organic growth and significant leverage to exports and low natural gas prices, VLO remains our Top Pick in the sector."Forward Annual Dividend Yield: 2.7%
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV