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: Microsoft ( MSFT), Avon Products ( AVP), Columbia Sportswear ( COLM), Gildan ( GIL) and Simon Property Group ( SPG).
Microsoft The software maker reported on April 19 third-quarter net income of $5.11 billion, or 60 cents a share, down from year-earlier earnings of $5.23 billion, or 61 cents a share. "MSFT reported solid 3Q12 results, with revenue and EPS coming in ahead of consensus," Oppenheimer analysts wrote in an April 20 report. "The company saw strong demand in its business desktop and infrastructure offerings providing it with solid revenue growth coupled with continued cost discipline which drove double digit operating income growth of 12%. We believe that the upcoming release of Windows 8, the next version of Office and the Windows phone could provide some upside in a declining PC environment. Reiterate Outperform and $36 price target." Forward Annual Dividend Yield: 2.6%