Ex-Dividend Stocks: Goldman Sachs, Time Warner

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Tuesday, meaning an investor must purchase the shares Friday (the Memorial Day holiday is Monday) to qualify for the next dividend payment: Goldman Sachs ( GS), Time Warner ( TWX), Barrick Gold ( ABX), CSX ( CSX), Corning ( GLW), Nordstrom ( JWN), Harley-Davidson ( HOG), Newell Rubbermaid ( NWL) and Union Pacific ( UNP).

Goldman Sachs

The financial services company reported on April 17 first-quarter earnings of $2.1 billion, or $3.92 a share, up from year-earlier earnings of $908 million, or $1.56 a share.

"We are downgrading our five bulge names to Market Underperform, including the Universal Banks (JPM, C, and BAC) from Market Perform and the Full-Service Securities Firms (GS and MS) from Market Outperform," JMP Securities analysts wrote in a report Monday. "We believe other Capital Mkts names will likely fall less."

Forward Annual Dividend Yield: 1.9%

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