Ex-Dividend Stocks: Ecolab, DSW

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Friday, meaning an investor must purchase the shares Thursday to qualify for the next dividend payment: Ecolab ( ECL) and DSW ( DSW).

Ecolab

The hospitality and industrial products company reported first-quarter earnings of $49.7 million, or 17 cents a share, down from year-earlier earnings of $93.6 million, or 40 cents a share.

"Ecolab hosted its annual tour of its booth at the National Restaurant Show," Jefferies analysts wrote in a May 8 report. "The tour highlighted improved confidence on growth prospects for North America Institutional, a discussion of competitive dynamics, and an update on the research pipeline. We reiterate our Buy rating."

Forward Annual Dividend Yield: 1.3%

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DSW

The shoe retailer reported first-quarter earnings on May 22 of $39.9 million, or 89 cents a share, a reversal from a year-earlier loss of $38.1 million, or $1.74 a share.

"We are increasing our 2012 EPS estimate to $3.37 up from our prior estimate of $3.32," Auriga analysts wrote in a May 22 report. "DSW does not provide quarterly guidance; however the company did raise its annual expectations to $3.25-$3.40 from $3.20-$3.35. We believe management typically is conservative and the upper end of the guidance range is likely achievable. We did not change our 2013 EPS estimate to remain conservative with next year's assumptions. We are increasing our PT to $70 from $65, based on 18x our 2013 EPS estimate of $3.84. Reiterate Buy rating."

Forward Annual Dividend Yield: 1.3%

-- Written by Alexandra Zendrian

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