NEW YORK ( TheStreet) -- The following stocks go ex-dividend Friday, meaning an investor must purchase the shares Thursday to qualify for the next dividend payment: Best Buy (BBY), HollyFrontier (HFC), Newmont Mining (NEM) and W.R. Berkley (WRB).
The electronics retailer reported first-quarter earnings on May 22 of $158 million, or 46 cents a share, down from year-earlier earnings of $212 million, or 53 cents a share.
"We would classify Mike Mikan's (Interim CEO) first conference call as a success," Piper Jaffray analysts wrote in a May 23 report. "While no new strategic plan was unveiled, Mikan said BBY is working to develop a new strategic plan which will focus on ROIC as opposed to box growth. For Q1, while BBY topped consensus EPS, results (in our view) were slightly disappointing as the comp of -5.8% came in lighter than we estimated and the company benefited from an abnormally low tax rate. Some of the favorable initiatives outlined on yesterday's call may help BBY shares find near-term support but challenged top line trends are likely to limit any nearterm upside so we continue to remain Neutral on BBY shares. We are lowering our PT to $22 from $26 based on 6x F14E EPS of $3.68."Forward Annual Dividend Yield: 3.3%
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 Plus 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