Ex-Dividend Stocks: Foot Locker, Yum!

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: Foot Locker ( FL), Potash ( POT), Mid-America Apartment Communities ( MAA), Morningstar ( MORN), Service Corp. International ( SCI), Trinity Industries ( TRN) and Yum! Brands ( YUM)

Foot Locker

The shoe retailer is scheduled to report second-quarter earnings on Aug. 12. Analysts, on average, anticipate earnings of 32 cents a share on $1.34 billion in revenue.

"FL is looking to increase its women's apparel assortment at Lady Foot Locker," Sterne Agee analysts wrote in a June 8 report. "The company is working on 14 newstore remodels, and testing of new stores to achieve this goal. Management believes that their female customer is looking for compelling athletic apparel products, but at reasonable prices (versus other more expensive retailers). Management was very positive on both the Under Armour (UA-$99.82-Buy) and Nike (NKE-$107.36-Buy) products. We have long held the view that women's athletic apparel is best sold in female-friendly channels such as Nordstrom (JWN-$47.66-NR) and Lady FL, rather than Dicks Sporting Goods (DKS- $46.44-Buy) or the Sports Authority. The company is also testing prototype concepts for Foot Locker and Champs. If the numerous tests are successful, the company will accelerate its store openings over the next few years."

Forward Annual Dividend Yield: 2.4%

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Potash

"While our 2Q12 estimate are generally near consensus levels, we diverge markedly in the time period beyond that point," Dahlman Rose analysts wrote in a June 15 report. "All of these estimates are tied to the US corn crop coming near current estimates for 2012/13 carryover. As such, we remain cautious heading intothe summer but would get constructive when grain and nutrient prices better reflect our expectations of a strong harvest. We have maintained our cautious rating on the sector but have lowered our price target on Potash Corp. to $38/share given the sluggish nature of the potash market in North America after the planting season."

Forward Annual Dividend Yield: 1.5%


Mid-America Apartment Communities

The real estate investment trust is slated to report second-quarter earnings on July 29. Analysts, on average, expect earnings of $1.08 a share on revenue of $121.43 million.

"We adjust our 2012/2013 FFO/sh. ests. to $4.46 and $4.80, respectively," Cantor Fitzgerald analysts wrote in a May 31 report. "We adjust our 2012/2013 AFFO/sh. ests. to $3.79 and $4.14, respectively. Our NAV/sh. est. of $64.00 isunchanged, as is our price target of $71.00. Unlevered/levered 10-yr IRRs are now 7.4%/9.6%, respectively. Our applied NAV premium of 11.2% remains unchanged, as does the underlying aggregate cap rate of 6.35% (as derived from our synthetic transaction cap rate model)."

Forward Annual Dividend Yield: 4%

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Morningstar

The research company is scheduled to report second-quarter earnings on July 25. On average, analysts anticipate earnings of 53 cents a share on revenue of $169.1 million.

Forward Annual Dividend Yield: 0.7%


Service Corp. International

The funeral service company is slated to report second-quarter earnings on July 23. Analysts, on average, expect earnings of 17 cents a share on revenue of $602.97 million.

"Without a more obvious revenue catalyst, most investors view death care stocks as a proxy for the market, and SCI's shares have fallen 6.0% since May 11,consistent with a 5.0% drop in the S&P 500," Bank of America Merrill Lynch analysts wrote in a June 1 report. "However, we believe SCI has many of the same attributes as specialty retailers, a view supported by its continuing ability to drive higher revenues/event with more bundled services offerings that increasingly will include catering. We see earnings leverage improving dramatically as the death rate increases on favorable demographic drivers, and stronger pre-need sales production over the past several quarters in a still lackluster economy offers tangible evidence that the 65 and older group is now getting its affairs in order."

Forward Annual Dividend Yield: 2.1%

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Trinity Industries

The industrial products company is scheduled to report second-quarter earnings on July 23. On average, analysts expect earnings of 75 cents a share on revenue of $988.4 million.

Forward Annual Dividend Yield: 1.9%


Yum! Brands

The quick service restaurant company is scheduled to report second-quarter earnings on July 18. Analysts, on average, expect earnings of 70 cents a share on revenue of $3.12 billion.

"We recently visited YUM & its IR team, as well as tried new Doritos Locos Tacos(DLT) & Cantina Bell (more CMG-like bowls & burritos) test products," Jefferies analysts wrote in a May 29 report. "We came away impressed with the momentum at TB, and the potential for driving U.S. operating results this yr & next. While we maintain our operating assumptions, this could be incrementally positive for the stock & help offset China as SSS likely slow through this yr."

Forward Annual Dividend Yield: 1.8%

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

More from Stocks

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Stocks Finish Higher After Release of Fed Minutes

Stocks Finish Higher After Release of Fed Minutes

Has Wall Street Completely Lost Its Mind on General Electric?

Has Wall Street Completely Lost Its Mind on General Electric?