Ex-Dividend Stocks: U.S. Steel, MeadWestvaco

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: U.S. Steel ( X), Waste Connections ( WCN), Sunoco Logistics Partners ( SXL) and MeadWestvaco ( MWV).

U.S. Steel

The steel company reported on April 24 a first-quarter loss of $219 million, or $1.52 a share, wider than a year-earlier loss $86 million, or 60 cents.

"Its outlook for stable segment earnings QoQ, while higher than our estimate, missed consensus of $392M," Jefferies analysts wrote in an April 25 report. "Our 2012 est. increases on an upward revised steel price and tubular earnings forecast. With consensus estimates too high and steel market catalysts likely to be underwhelming near term in our view, we maintain our Hold rating."

Forward Annual Dividend Yield: 0.7%

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Waste Connections

The solid waste management services company reported on April 25 first-quarter earnings of $36.5 million, or 32 cents a share, up from year-earlier earnings of $31.3 million, or 27 cents.

"We reiterate our Buy rating and $40 price target on the shares of Waste Connections (WCN)," Wunderlich Securities analysts wrote in an April 26 report. "In addition to solid 1Q12 results that exceeded guidance and expectations, management reaffirmed its commitment to disciplined capital deployment in what is shaping up to be the busiest deal year in number of deals in decades. WCN has a proven ability to create significant value via disciplined acquisitions and is well positioned with $1.5B in buying power to move quickly in what is estimated to be a $3B or bigger deal market in FY12. WCN's larger near-term acquisition opportunity combined with positive pricing and stable-to-improving volumes makes WCN an attractive investment at current valuations."

Forward Annual Dividend Yield: 1.1%


Sunoco Logistics Partners

The oil transportation and storage company reported on Wednesday first-quarter earnings of $95 million, or 77 cents a share, up from year-earlier earnings of $48 million, or 36 cents.

"Overall, we see the pending ETP/SUN merger as adding uncertainty to SXL's longer-term growth outlook, which is not incorporated in SXL's current premium valuation to peers, in our view," Bank of America Merrill Lynch analysts wrote in a report Wednesday. "We also see SXL's valuation as overestimating the sustainability of SXL's currently robust crude oil margins, which we expect to normalize over time with the addition of Midcontinent crude oil pipeline capacity."

Forward Annual Dividend Yield: 4.1%

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MeadWestvaco

The packaging solutions company reported on April 25 first-quarter earnings of $49 million, or 28 cents a share, down from year-earlier earnings of $65 million, or 38 cents.

"We rate MWV shares Buy given solid fundamentals for MWV's core Packaging segments, and Specialty Chemicals business, our favorable outlook for FCF and capital allocation in 2013, and significant upside to our sum-of-the-parts (SOTP) valuation," Goldman Sachs analysts wrote in a report on Wednesday.

Forward Annual Dividend Yield: 3.1%

-- Written by Alexandra Zendrian

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