Ex-Dividend Stocks: Valero Energy, Mattel

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Monday, meaning an investor must purchase the shares Friday to qualify for the next dividend payment: Valero Energy ( VLO), Mattel ( MAT), Snyders-Lance ( LNCE) and Carlisle ( CSL).

Valero Energy

The petroleum refining company reported on May 1 a first-quarter loss of $432 million, or 78 cents a share, a reversal from year-earlier income of $104 million, or 18 cents a share.

"We retain our view that the US refiners are on the cusp of a secular rerating over the next several years and still believe it is too early to call the end to seasonal strength of the US refining sector," Bank of America Merrill Lynch analysts wrote in a May 2 report. "In our view, WTI-Brent will widen with North Sea downtime in the coming weeks and with a tough quarter behind them alongside organic growth and significant leverage to exports and low natural gas prices, VLO remains our Top Pick in the sector."

Forward Annual Dividend Yield: 2.7%

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Mattel

The toy company reported first-quarter earnings on April 16 of $7.8 million, or 2 cents a share, down from year-earlier earnings of $16.6 million, or 5 cents a share.

"March/YTD 2012 U.S. NPD retail dollar sales +0.3%/2.6% versus 21.2%/ 7.9%," Wells Fargo analysts wrote in an April 26 report. "March YTD 2012 U.S. retail category trends remain more favorable for MAT. Weakness for HAS remains in Games/Puzzles (and more so Puzzles), Action Figures, and Dolls/Plush. We believe international sellthrough (not tracked) will continue to be stronger for both companies in 2012 against a backdrop of global retail inventories remaining in good shape (MAT likely better relative to HAS). Note: February 2012 retail dollar sales revised upward from 7.1% to 5.8% and 2011 remains unchanged. Bottom Line: We continue to favor MAT relative to HAS."

Forward Annual Dividend Yield: 3.8%


Snyders-Lance

The food products company reported on May 8 first-quarter net income excluding special items of $11.4 million, or 17 cents a share, compared with year-earlier earnings of $11.8 million, or 17 cents a share.

"The Snyder's merger and its strategic opportunities remain the focus," Canaccord analysts wrote in a May 9 report. "We maintain our HOLD rating until cost synergies are more fully realized and the profit visibility improves."

Forward Annual Dividend Yield: 2.4%

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Carlisle

The construction materials company reported on April 24 first-quarter earnings of $60 million, or 94 cents a share, up from year-earlier earnings of $33.4 million, or 53 cents a share.

"Carlisle Companies Incorporated (CSL-NYSE) reported a strong start to 2012 with 1Q12 EPS of $0.94, compared to $0.53 in 1Q11. Demand in reroofing, aerospace, agricultural, and construction and mining end markets remains healthy, helping to boost CSL sales and earnings higher vs. last year," KeyBanc Capital Markets analysts wrote in an April 24 report. "On top of this, the Company began to finally see benefits to its operations at its Jackson, Tenn. tire facility, which we expect to support year-over-year improvements through the year. While there was likely some assistance from weather as well as some pre-buying in the 1Q for roofing, we believe underlying demand is solid, driven by replacement and slightly better new construction spending."

Forward Annual Dividend Yield: 1.3%

-- Written by Alexandra Zendrian

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