Ex-Dividend Stocks: D.R. Horton, Magellan Midstream, Nokia

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Friday, meaning an investor must purchase the shares Thursday to qualify for the next dividend payment: D.R. Horton ( DHI), Magellan Midstream Partners ( MMP) and Nokia ( NOK).

D.R. Horton

The homebuilder reported on April 23 second-quarter earnings of $40.6 million, or 13 cents a share, up from year-earlier earnings of $27.8 million, or 9 cents.

"We are lowering our interest expense for DHI's financial services unit because recent results have been substantially less than our estimates," Guggenheim analysts wrote in an April 26 report. "We think this reduction should more than offset the added expense of the new debt offering."

Forward Annual Dividend Yield: 0.9%

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Magellan Midstream Partners

The petroleum products transportation company reported first-quarter earnings Wednesday of $93.5 million, or 83 cents a share, up from year-earlier earnings of $90 million, or 80 cents.

"MMP is a high-quality master limited partnership that generates predominantly fee-based cash flows and has upside potential tied to commodity-based margins," Wells Fargo analysts wrote in an April 4 report. "Given the anticipated contributions from its recent organic growth initiatives and pipeline/storage acquisitions, MMP is well positioned to deliver distribution growth of about 11% annually (2012E-14E), in our view."

Forward Annual Dividend Yield: 4.8%


Nokia

The company reported on April 19 a first-quarter loss of ¿1.57 billion, down from year-earlier profit of ¿231 million.

"Nokia is the leading provider of mobile phones," Wells Fargo analysts wrote in an April 20 report. "Despite this strong position, NOK is not well positioned in the smartphone market and is losing share. We need better visibility into NOK's strategy to defend its position before recommending."

Forward Annual Dividend Yield: 5%

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-- Written by Alexandra Zendrian

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