5 Ex-Dividend Stocks With Buy Ratings

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: Philip Morris International ( PM), ProAssurance ( PRA), Kaydon ( KDN), Cypress Semiconductor ( CY) and Cohen & Steers ( CNS).

Each of the stocks received a buy rating from TheStreet Ratings.

Philip Morris International

Regarding the Tobacco Plain Packaging Act, "PM is already pursuing arbitration under the Hong Kong-Australia Bilateral Investment Treaty and is waiting for the selection of a third member of the arbitration panel," Jefferies analysts said in a March 19 report. "The major global tobacco companies are also pursuing domestic legalchallenges against the law."

Forward Annual Dividend Yield: 3.6%

Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was basically the same as it was a year ago.

Philip Morris International has very weak liquidity. Its Quick Ratio is 0.39, which demonstrates a lack of ability to meet its short-term cash needs.

In the fourth quarter, stockholders' net worth decreased 93.46% from the prior year.

TheStreet Ratings' price target is $112.74.

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ProAssurance

The medical insurance company reported last month fourth-quarter earnings of $140.6 million, or $4.60 a share, up from year-earlier earnings of $102 million, or $3.32 a share.

"It seems like every quarter we talk about the same things for ProAssurancelike strong earnings, favorable loss trends, stable pricing and well-managed strategic growth," Keefe, Bruyette & Woods analysts wrote in a Feb. 22 report. "The company continues to roll and has yet again generated another year with a double-digit ROE on top of a mountain of excess capital making it all that more impressive. We believe this stock should continue to climb toward the century mark, and it remains very attractive at current levels. We reiterate our Outperform rating."

Forward Annual Dividend Yield: 1.1%

Rated "A+ (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin increased from the prior year.

In the fourth quarter, stockholders' net worth increased 16.62% from the previous year.

TheStreet Ratings' price target is $116.98.


Kaydon

The performance-critical products maker's Chief Financial Officer, Peter DeChants, announced earlier this month that he will retire next year. Timothy Heasley, former corporate controller of Gibraltar Industries, was named finance chief.

"While KDN's higher margin legacy businesses should generate amplecash to pay down its debt levels, absent accretive acquisitions, we see few immediaterevenue and earnings catalysts," KeyBanc Capital Markets analysts wrote in a Feb. 27 report. "While we believe KDN retains plenty of balance sheet firepower to fund acquisitions should they become available, we think the special dividend decision was driven by the lack of attractive candidates, a situation that could persist for the time being."

Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin decreased from the previous year.

Kaydon is extremely liquid. Its Quick Ratio is 6.14, which shows the company can meet its short-term cash needs.

In the fourth quarter, stockholders' net worth decreased 3.45% from the prior year.

TheStreet Ratings' price target is $43.43.

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Cypress Semiconductors

"Despite low visibility, we are encouraged by improving backlog buildingfor the next few quarters," ThinkEquity analysts wrote in a March 16 report. "We expect CY to benefit from new touch tablet and ereader wins which we expect should begin ramping starting in 3Q12. We also expect CY to increase share in smartphone touch across existing and new Tier-1 customers. Longer-term, we expect CY to gain share in memory as competitor Samsung winds down this segment."

Forward Annual Dividend Yield: 2.8%

Rated "B- (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin decreased from the previous year.

Cypress Semiconductor has weak liquidity. Its Quick Ratio is 0.83, which demonstrates a lack of ability to meet its short-term cash needs.

In the fourth quarter, stockholders' net worth decreased 43.17% from the prior year.

TheStreet Ratings' price target is $18.19.


Cohen & Steers

The investment management services company announced earlier this month that it started the Cohen & Steers Real Assets fund, which tries to maximize real returns in inflationary times.

"US real estate strategies, advisory separate accounts and mutual fundshad net inflows in 4Q, and gross redemptions were flat sequentially, suggestingthat CNS has robust products and channels to drive future organic growth," Bank of America Merrill Lynch analysts wrote in a Jan. 30 report. "Still, we did reduce our forecast 2012 inflows to $4.6bn, an 11% organic growth rate."

Forward Annual Dividend Yield: 2.3%

Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin increased from the previous year.

TheStreet Ratings' price target is $36.86.

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-- Written by Alexandra Zendrian

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