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: Bank of America (BAC), Sotheby's (BID), Dick's Sporting Goods (DKS), Kellogg (K), Lockheed Martin (LMT), PepsiCo (PEP), SuperValu (SVU), Tyson Foods (TSN) and Wendy's (WEN).
Bank of America
The bank reported on April 19 first-quarter earnings of $653 million, or3 cents a share, down from year-earlier earnings of $2 billion, or 17 cents a share.
"Bank of America lagged in 1Q in refinancing HARP eligible loans, with only about 1% of eligible loans refinanced in 1Q, and therefore it has large potential for increase in volumes," JPMorgan analysts wrote in a May 16 report. "There are some signs of pickup in HARP refis in 2Q as BofA's prepayment speeds have been well behind. If banks refi another 8-12% of eligible HARP loans, BofA would see the largest pick-up in origination revenues even if it is spread over 4 quarters, with about 3% benefit to 2012 EPS. SunTrust would be the next biggest beneficiary, with about 2.5-3% benefit. The rest of our banks would all see some benefit albeit smaller, as they are further along. BofA may not refi as much as larger peers but still has large potential upside from increase in refis."Forward Annual Dividend Yield: 0.6%
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