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 - Get Report), Newmont Mining (NEM - Get Report) and W.R. Berkley (WRB - Get Report).
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%
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