Updated to include information about Wal-Mart, and updated stock prices.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: CBS ( CBS), Cigna ( CI), FedEx ( FDX), Ingersoll-Rand ( IR), Magna International ( MGA), Pepco Holdings ( POM), Silgan Holdings ( SLGN) and Wal-Mart ( WMT). Each of the stocks was rated buy at TheStreet Ratings.
FedEx The transportation company is scheduled to report third-quarter earnings on March 22. Analysts, on average, anticipate profit of $1.35 a share on revenue of $10.62 billion. "FDX December volumes were up 0.5% systemwide with Domestic down 0.9% but with each international segment showing growth ranging from 1.23.8% growth," Wells Fargo analysts wrote in a Feb. 10 report. "The 9% sequential growth was below the 13% and 14% sequential growth seen in 2010 and 2009. On a quarterly basis the 6% sequential growth compared to 4% and 11% in the prior two years." Forward Annual Dividend Yield: 0.6% Rated "B+ (Buy)" by TheStreet Ratings: The company's second-quarter gross profit margin was about the same as it was a year ago. FedEx has average liquidity. Its Quick Ratio is 1.25, which shows that the company can technically meet its short-term cash needs. In the second quarter, stockholders' net worth increased 9.31% from the prior year. TheStreet Ratings' price target is $105.24. The stock is trading midday Wednesday at $89.73 and has risen 7.45% year to date.
Magna International The car parts supplier reported last month fourth-quarter earnings of $312 million, or $1.32 a share, up from year-ago earnings of $219 million, or 89 cents. "After the 30% rally in the US auto parts sector since the beginning of the year, we reiterate our Hold rating but increase our target price to $44 (from $32)," Societe General analysts wrote in a Feb. 29 report. The analysts added, "Profitability of the group's European operations is a key company-specific swing factor." Forward Annual Dividend Yield: 2.3% Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was about the same as it was last year. Magna International has average liquidity. Its Quick Ratio is 1.00, which shows the company can technically meet its short-term cash needs. In the fourth quarter, stockholders' net worth increased 1.45% from the prior year. TheStreet Ratings' price target is $56.44. The stock is trading at $45.83 midday Wednesday and has risen 37.59% year to date.
Silgan Holdings The consumer goods packaging company announced on Feb. 16 that it was raising its quarterly dividend 9.1% to 12 cents a share. "While we are constructive on Silgan's high quality food can business and ability to continue to deliver consistent earnings growth, we remain Neutral rated on valuation," Credit Suisse analysts wrote in a Feb. 1 report. "On a relative basis, we prefer metal packaging peers Ball and Crown, noting similar valuations but what we view as greater secular growth given its leverage to rising beverage can demand in emerging markets." Forward Annual Dividend Yield: 1.1% Rated "A- (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin decreased from the previous year. In the fourth quarter, stockholders' net worth increased 18.85% from the prior year. TheStreet Ratings' price target is $50.28. The stock is trading midday Wednesday at $42.68 and has risen 10.46% year to date.