This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Ex-Dividend Stocks: Dr. Pepper, Ingersoll-Rand

Stocks in this article: BRDPSHBANIR

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Thursday, meaning an investor must purchase the shares Wednesday to qualify for the next dividend payment: Broadridge Financial Solutions (BR), Dr. Pepper Snapple Group (DPS), Huntington Bancshares (HBAN) and Ingersoll-Rand (IR).

Broadridge Financial Solutions

The technology solutions company reported third-quarter earnings on May 8 of $16.7 million, or 13 cents a share, down from year-earlier earnings of $29.7 million, or 23 cents a share.

"Last week, BR dissipated some of its Penson client overhang risk by ending its Penson contract and replacing it with a new outsourcing deal with Apex Clearing (formed by Penson and PEAK6)," JPMorgan analysts wrote in a June 4 report. "We note that BR will be paid on a percentage of revenue basis with no minimums, so it will be tied to the success of Apex, which remains unclear at this time. We suspect the deal will result in lower revenues than the prior deal ($50M annual revenue minimum or $0.12 in EPS) so we are cutting the contract by one third, resulting in a $17M/$0.04 cut to our FY13 estimates. While disappointing, and BR is not out of woods yet as Apex's success is unclear, the outcome could have been far worse as we were prepared to see the contract turn up empty in a bad case. We maintain our OW rating with a cautious bias, and trim our price target to $23 to reflect our lower estimates."

Forward Annual Dividend Yield: 3.2%

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,735.06 +57.16 0.34%
S&P 500 1,957.49 +6.67 0.34%
NASDAQ 4,463.0710 +10.2790 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs