NEW YORK ( TheStreet) -- The following stocks go ex-dividend Wednesday, meaning an investor must purchase the shares Tuesday to qualify for the next dividend payment: Boeing ( BA), BP ( BP), Consol Energy ( CNX), GlaxoSmithKline ( GSK), Pfizer ( PFE), Charles Schwab ( SCHW), Spectra Energy ( SE), J.M. Smucker ( SJM) and Wal-Mart ( WMT).
Boeing The commercial jetliner company reported on April 25 first-quarter earnings of $923 million, or $1.22 a share, up from year-earlier earnings of $586 million, or 72 cents. "Despite the recent move in the BA stock, it is still up only 5% year to date," Sterne Agee analysts wrote in a May 2 report. "With a slew of orders coming before and at Farnborough Air Show (July), an investor day on May 14 to highlight progress on major platforms and our view that 2012 guidance is conservative, we believe both short- and long-term investors should still buy BA at current levels." Forward Annual Dividend Yield: 2.3%
Consol Energy The energy company reported first-quarter earnings on April 26 of $97 million, or 42 cents a share, down from year-earlier earnings $192 million, or 84 cents. "Last Thursday, CONSOL reported 1Q12 EBITDA of $324 million, below consensus of $390 million," Dahlman Rose analysts wrote in a May 2 report. "Lower-than-expected realized prices for met coal (both low and high vol) were big factors in the miss. Management resumed and updated guidance for the year, which included lower volumes and contracted prices than previously guided for low- and high-vol met." Forward Annual Dividend Yield 4.7%
Pfizer The drug company reported on May 1 first-quarter earnings of $4.4 billion, or 58 cents a share, down from year-earlier earnings of $4.8 billion, or 60 cents. "We believe that continued strong cash flow generation, focus on shareholder return through a stable and growing dividend and significant share buybacks, expense control, and potential for positive pipeline news could improve sentiment over time and lead to multiple expansion," Bank of America Merrill Lynch analysts wrote in a report Monday. Forward Annual Dividend Yield: 3.9%
Spectra Energy The energy company reported on May 4 first-quarter earnings of $331 million, or 51 cents a share, down from year-earlier earnings of $350 million, or 54 cents. "SE reported EPS of $0.51 in line with our estimate but below consensus of $0.55 and $0.54 in 1Q11," Deutsche Bank analysts wrote in a report Sunday. "Western Canada gathering and processing business revenue improved by $30 mm from expansions in the Horn River area, and Field services improved yoy as a result of higher gas throughput. On the other hand, the warm weather lead to lower earnings at the U.S. Transmission and Distribution while a lower NGL margin drove poor results at the Empress natural gas liquids (NGL) business. Management noted the NGL margin is typically lower in the first quarter. In the quarter, SE received distributions of $89mm from DCP Midstream." Forward Annual Dividend Yield: 3.7%
Wal-Mart The discount retailer is scheduled to report first-quarter earnings on May 17. Analysts, on average, anticipate earnings of $1.04 a share on revenue of $110.44 billion. "While we expect upside in Q1, the Mexico news will likely overshadow progress, so we are reluctant to recommend adding to positions on the recent dip," Jefferies analysts wrote in a report Monday. "Our increased comp store sales expectations for Q1 reflects a pull forward of demand on good weather, benefits from SKU addbacks in the last year and inflation." Forward Annual Dividend Yield: 2.7%