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: Thomson Reuters ( TRI), Allergan ( AGN), Heartland Payment Systems ( HPY) and Infosys ( INFY).
Thomson Reuters The information provider reported on May 1 first-quarter operating profit of $386 million, or 38 cents a share, compared to year-earlier earnings of $396 million, or 30 cents.. "We are upgrading shares of TRI from Underperform to Buy," Bank of America Merrill Lynch analysts wrote in a May 3 report. "We may be early on TRI shares, but there were clear signs of improvement in 1Q12 results. The declines in net sales in Financial & Risk (57% of revenue) improved versus 4Q. Legal (24% of revenue) saw organic revenue accelerate versus 4Q. Even in the tough current environment, we still expect slight YoY adjusted EPS growth in 2012. We also argue that TRI's 4% dividend yield helps support the stock. We expect TRI to use proceeds from the pending $1.25bn sale of its Healthcare unit to make tactical acquisitions and modest share repurchases." Forward Annual Dividend Yield: 4.3%
Heartland Payment Systems The payment processing services company reported on May 1 first-quarter adjusted earnings of $15.7 million, or 39 cents a share, up from year-earlier adjusted earnings of $9.2 million, or 23 cents. "We rate shares Market Perform due to valuation," Wells Fargo analysts wrote in a May 2 report. "At current prices relative to our long-term DCF model we believe that the valuation of HPY sufficiently discounts both the near-term earnings momentum and the longer-term growth/profitability profile of the company." Forward Annual Dividend Yield: 0.8%