NEW YORK ( TheStreet) -- The following stocks go ex-dividend Wednesday, meaning an investor must purchase the shares Tuesday to qualify for the next dividend payment: Bank of America ( BAC), Sotheby's ( BID), Dick's Sporting Goods ( DKS), Kellogg ( K), Lockheed Martin ( LMT), PepsiCo ( PEP), SuperValu ( SVU), Tyson Foods ( TSN) and Wendy's ( WEN).
Bank of America The bank reported on April 19 first-quarter earnings of $653 million, or3 cents a share, down from year-earlier earnings of $2 billion, or 17 cents a share. "Bank of America lagged in 1Q in refinancing HARP eligible loans, with only about 1% of eligible loans refinanced in 1Q, and therefore it has large potential for increase in volumes," JPMorgan analysts wrote in a May 16 report. "There are some signs of pickup in HARP refis in 2Q as BofA's prepayment speeds have been well behind. If banks refi another 8-12% of eligible HARP loans, BofA would see the largest pick-up in origination revenues even if it is spread over 4 quarters, with about 3% benefit to 2012 EPS. SunTrust would be the next biggest beneficiary, with about 2.5-3% benefit. The rest of our banks would all see some benefit albeit smaller, as they are further along. BofA may not refi as much as larger peers but still has large potential upside from increase in refis." Forward Annual Dividend Yield: 0.6%
Dick's Sporting Goods The sporting goods retailer reported on May 15 first-quarter earnings of $57.2 million, or 45 cents a share, up from year-earlier earnings of $37.5 million, or 30 cents a share. "Troubles at DKS will more likely be of its own making, and not caused by outside influences such as Amazon," Sterne Agee analysts wrote in a May 17 report. "Over the past few years, we have been very critical of DKS due to what we perceive as a lack of service, including too few associates on the sales floor and the open stock footwear model. To this point, we have been wrong, but the concerns remain. The high end product offerings and the beautiful stores need to have service that live up to a very high standard. We do believe that new staffing optimization systems and learnings from the investment in JJB Sports will help improve the service levels and position the company well for the future." Forward Annual Dividend Yield: 1.1%
Lockheed Martin The defense company reported on April 26 first-quarter earnings of $668 million, or $2.03 a share, up from year-earlier earnings of $530 million, or $1.50 a share. "Proceeding with public planning as if budget sequestration will not take place, LMT sees orders strengthening as typical late this calendar year," Drexel Hamilton analysts wrote in a May 7 report. Forward Annual Dividend Yield: 4.8%
SuperValu The wholesale food retailer reported on April 10 a fourth-quarter loss of $424 million, or $2 a share, a reversal from year-earlier earnings of $95 million, or 44 cents a share. "The PPI - CPI spread narrowed in April to 0.2%, the tightest level in over two years, indicating that grocers have been passing though costs increases on a more timely basis, protecting GPM, which we saw with WFM's recent FQ2 results," Deutsche Bank analysts wrote in a May 15 report. "With key categories turning deflationary in recent months, the grocers have had some opportunity to hold prices and capture additional margin. However, we have doubts that these margin gains can be sustained given the highly competitive environment and focus on volume growth, which has been elusive for some large players, including SWY and SVU." Forward Annual Dividend Yield: 7.2%
Wendy's The fast food chain reported on May 8 first-quarter earnings of $12.4 million, or 3 cents a share, a reversal from a year-earlier loss of $1.4 million. "The share authorization plan has still not been reauthorized as the company focuses cash on strategic investments," JPMorgan analysts wrote in a May 9 report. "We continue to assume no share buybacks in F12. Importantly though, the company expects an annualized