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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:
T. Rowe Price(TROW - Get Report),
Apollo Investment(AINV - Get Report),
Mercury General(MCY - Get Report),
MDU Resources Group(MDU) and
Omnicom Group(OMC - Get Report).
T. Rowe Price
The asset management company reported first-quarter net income on April 24 of $197.5 million, or 75 cents a share, up from year-earlier net income of $194.6 million, or 72 cents a share.
"Despite some capacity constraints from closing a few products over the past few years (Mid-Cap Equity and High Yield), T. Rowe continues to deliver healthy organic growth (9% in 1Q) due to its solid investment performance (88% of assets outperforming peers on a 5-yr basis), a broad product offering (equity, fixed income, domestic, global, and target date), and strong/diversified distribution with steady 401k flows and room for additional market share gains," Deutsche Bank analysts wrote in a May 31 report. "While 1Q benefitted from some lumpy institutional wins (VA, which we expect to moderate) and Schwab did not have a material impact, we still expect T. Rowe to continue to generate organic growth that outpaces the industry."
Forward Annual Dividend Yield: 2.5%