Ex-Dividend Stocks: IBM, TJX

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: IBM ( IBM), TJX ( TJX), American Electric Power ( AEP), Altera ( ALTR), Entergy ( ETR), Hudson City Bancorp ( HCBK), Penske Automotive Group ( PAG), Parker Hannifin ( PH) and PPG Industries ( PPG).

IBM

The technology company reported on April 17 first-quarter earnings of $2.78 a share on revenue of $24.67 billion, up from year-earlier earnings of $2.41 a share on revenue of $24.6 billion.

"While we are disappointed by IBM's flat Q- 1 12 pre-tax income growth, the company's profit growth should improve in the second half of the year as it benefits from its introduction of its new Pure Systems integrated software/hardware solutions (including cloud computing, storage, networking, virtualization, and industry solutions)," Davenport analysts wrote in an April 18 report.

Forward Annual Dividend Yield: 1.6%

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