NEW YORK ( TheStreet) -- The following stocks go ex-dividend Monday, meaning an investor must purchase the shares Friday to qualify for the next dividend payment: Toronto Dominion Bank ( TD), Raytheon ( RTN), Rent-A-Center ( RCII), Kimco Realty ( KIM), CVB Financial ( CVBF), Covidien ( COV), Comcast ( CMCSA) and Mack-Cali Realty ( CLI). Each of the stocks received a buy rating from TheStreet Ratings.
Toronto Dominion Bank The bank reported on March 1 first-quarter earnings of 1.4 billion Canadian dollars, or C$1.87 a share, down from year-earlier earnings of 1.5 billion Canadian dollars, or C$1.75 a share. "TD remains Outperform rated," BMO Capital Markets analysts wrote in a March 1 report. "Strong loan growth in both Canadian and U.S. retail banking highlights the strength of TD's business model. Given its momentum, U.S. earnings growth should accelerate next year after the impact of the Durbin amendment abates. The relative valuation on TD's shares should improve given the continued strength of its retail franchises. Member of Top 15 Large Cap, Income and Quantitative stock selections." Forward Annual Dividend Yield: 3.4% Rated "B- (Buy)" by TheStreet Ratings: The company's first-quarter gross profit margin was about the same as it was the previous year. In the first quarter, stockholders' net worth increased 6.1% from the prior year. TheStreet Ratings' price target is $97.01. The stock closed Thursday at $84.63 and has risen 13.13% year to date.
Rent-A-Center "We believe there are additional signs suggesting the ongoing RAC Acceptance test with Best Buy (BBY- $25.08 - Not Rated) may expand meaningfully in the near term," Sterne Agee analysts wrote in a Feb. 23 report. "Our checks show the possibility of 190 RAC Acceptance locations within Best Buy stores in the states of California and Florida. If such a transaction were to occur, we see incremental revenue/EPS potential of $115M and $0.25 for RCII once these stores mature (~4 years). In addition, if the agreement between RCII and BBY expands to more states, the revenue/EPS potential could be higher." Forward Annual Dividend Yield: 1.7% Rated "A- (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was about the same as it was a year ago. In the fourth quarter, stockholders' net worth remained about the same as last year. TheStreet Ratings' price target is $44.13. The stock closed Thursday at $38.14 and has risen 3.08% year to date.
CVB Financial "CVBF shares have increased roughly 60% since the banking sector bottomed at the beginning of October and we believe they reflect a relatively full valuation at 1.9x TBV/share and 14x our 2012 EPS estimate," Wunderlich Securities analysts wrote in a March 22 report. "We remain encouraged by management's actions over the past several quarters to clean up the balance sheet and compete from a position of strength in Southern California. However, we believe such progress is largely discounted in the current share price, and the lack of a near-term catalyst to drive the shares meaningfully higher moves us to the sidelines at this point." Forward Annual Dividend Yield: 2.9% Rated "B (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 11.02% from the prior year. TheStreet Ratings' price target is $13.73. The stock closed Thursday at $11.78 and has risen 17.21% year to date.
Comcast The media giant is scheduled to report first-quarter earnings on May 1. Analysts, on average, anticipate earnings of 42 cents a share on $14.43 billion in revenue. "Upon review, it appeared as if ARPU growth had been too meager and margins too flat for the core residential business in our prior model, with too-aggressive Business Services margin expansion (however, we do still see a 5-year +30% revenue