Ex-Dividend Stocks: Intuit, OGE Energy

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: Intuit ( INTU), Lincoln National ( LNC) and OGE Energy ( OGE).

Intuit

The business management solutions company reported third-quarter earnings on May 17 of $734 million, or $2.42 a share, up from year-earlier earnings of $688 million, or $2.20 a share.

"INTU's F3Q12 10-Q recapped the recent Demandforce transaction, provided detail around INTU's share repurchase activity YTD, and reviewed segment results," Jefferies analysts wrote in a May 30 report. "We have updated our model to reflect: i) the more detailed Balance Sheet breakout, and ii) the Demandforce transaction, which is expected to add 1-2pp to INTU's FY13 rev growth and be neutral/ modestly accretive to EPS in FY12/13. Maintain Hold and $55 PT."

Forward Annual Dividend Yield: 1.1%

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Lincoln National

The insurance company is slated to report second-quarter earnings on July 30. Analysts, on average, anticipate earnings of $1.01 a share on revenue of $2.84 billion.

"We are raising our operating EPS estimates from $4.20 to $4.25 for 2012, from $4.50 to $4.55 for 2013 and from $4.75 to $4.80 for 2014," Bank of America Merrill Lynch analysts wrote in a May 8 report. "Our revised estimates reflect a slightly more optimistic outlook for earnings in Life Insurance and Annuities, offset partially by a less optimistic outlook for Retirement Plan Services and Group Protection."

Forward Annual Dividend Yield: 1.5%


OGE Energy

The energy services and energy company is scheduled to report second-quarter earnings on July 29. On average, analysts expect earnings of 90 cents a share.

"On Thursday the Administrative Law Judge (ALJ) issued her recommendation in Oklahoma Gas & Electric's (OG&E) 2011 electric rate case," Jefferies analysts wrote in a June 4 report. "The recommendation was predicated on a 10.75% ROE and a 53.07% equity ratio. The ALJ has requested that OG&E submit a revenue requirement that incorporates each of her adjustments and recommendations. Jefferies analysis of the ALJ recommendation forecasts a $40 million revenue increase. Jefferies is currently assuming that the Oklahoma Corporation Commission (OCC) final order will be close to the $24 million interim increase filed by the company in May and we are basing our estimate changes on this assumed level of increase."

Forward Annual Dividend Yield: 2.9%

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-- Written by Alexandra Zendrian

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