Ex-Dividend Stocks: Thomson Reuters, Infosys

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%

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Allergan

The healthcare company reported on May 2 first-quarter earnings of $229.8 million, or 74 cents a share, up from year-earlier earnings of $158.3 million, or 51 cents.

"Allergan is well diversified within the attractive ophthalmic pharmaceuticals and medical aesthetics markets, which should provide a level of stability in sales and earnings," Wells Fargo analysts wrote in a report on May 8. "We see a significant number of catalysts that should reaccelerate growth."

Forward Annual Dividend Yield: 0.2%


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%

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Infosys

The information technology company reported on April 13 fourth-quarter net profit of $463 million, or 81 cents a share, up from year-earlier net profit of $402 million, or 70 cents.

"Infy's Head of Global Sales & Marketing & member, Exec Council, Basab Pradhan presented at our Global Tech Conference yesterday," Bank of America Merrill Lynch analysts wrote in a report on May 9. "Key takeaways a) Demand outlook remains uncertain b) FY13 wage hike will be considered if growth surprises or if weak Rupee provides cushion. Promotion related wage hike to 15,000 people effective July c) Company remains focused on investing in growing consulting/SI & Products, Platforms & Solutions (PPS) and remains in transition mode. Efforts to strengthen global sales/marketing continue. Maintain Neutral on our FY12-14 EPSg forecast of 11% and thus richer PEG valuation vs peers. Also see near term risks of spike in attrition and negative press on visa case."

Forward Annual Dividend Yield: 1.2%

-- Written by Alexandra Zendrian

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