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: Merck (MRK), Macy's (M), Coca-Cola (KO), Canadian Natural Resources (CNQ), Devon Energy (DVN), Eastman Chemical (EMN), Family Dollar Stores (FDO) and Textron (TXT).
The drug company is scheduled to report its second-quarter earnings on July 29. Analysts, on average, anticipate earnings of $1.02 a share on revenue of $12.2 billion.
"Merck offers a good mix of low valuation, track record of returning cash to shareholders, and pipeline optionality, in our view," Bank of America Merrill Lynch analysts wrote in a report on Monday. "We also like that MRK's Pharma revenue base is fairly diverse and is supplemented by animal health and consumer businesses, which we see as 'sticky' cash flow streams with growth potential."Forward Annual Dividend Yield: 4.5%
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