9 Ex-Dividend Stocks With Buy Ratings

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: State Street ( STT), Raymond James Financial ( RJF), Air Products & Chemicals ( APD), Fulton Financial ( FULT), Liberty Property Trust ( LRY), Medicis Pharmaceutical ( MRX), Realty Income ( O), Valspar ( VAL) and Wolverine Worldwide ( WWW).

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

State Street

The financial services company is scheduled to report its first-quarter earnings on April 16. Analysts, on average, anticipate earnings of 88 cents a share on revenue of $2.34 billion.

"STT comes closest in our view to a pure play on the core business of asset servicing, providing key functions to fund managers worldwide," Bank of America Merrill Lynch analysts wrote in a March 16 report. "It generates 43% of its revenue from servicing, driven mainly by the value of serviced assets, with another 26% coming from an investing portfolio funded largely by client deposits."

Forward Annual Dividend Yield: 2.1%

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

In the fourth quarter, stockholders' net worth increased 9.05% from the prior year.

TheStreet Ratings' price target is $51.99. The stock closed Tuesday at $45.49 and has risen 12.85% year to date.

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