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: Exxon Mobil ( XOM), Boeing ( BA), J.M. Smucker ( SJM), American Electric Power ( AEP), Altera ( ALTR), CMS Energy ( CMS), Olin ( OLN), Parker Hannifin ( PH), Spectra Energy ( SE) and Techne ( TECH). Each of these stocks received a buy rating from TheStreet Ratings. See the complete Dividend Calendar.
Exxon Mobil "XOM is the largest gas producer in the US and low gas prices could depress the stock in the near term," Oppenheimer analysts wrote in a Feb. 2 report. "XOM does not expect to curtail US gas production, but is shifting its onshore spending, excluding drilling to hold leases, away from dry gas to liquids-rich plays." Forward Annual Dividend Yield:2.2% Rated "B+ (Buy)" by TheStreet Ratings: Exxon Mobil has a $103 price target from TheStreet Ratings. The stock closed Monday at $85.75 and has risen 1.17% year to date.