Ex-Dividend Stocks: American Express, JPMorgan

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Tuesday, meaning an investor must purchase the shares Monday to qualify for the next dividend payment: American Water Works ( AWP), American Express ( AXP), Erie Indemnity ( ERIE), JPMorgan Chase ( JPM) and Sysco ( SYY).

American Water Works

The water and wastewater services company is scheduled to report second-quarter earnings on July 29. Analysts, on average, anticipate earnings of 49 cents a share on revenue of $707.49 million.

"We believe AWK is well positioned to capitalize on favorable industry dynamicssuch as significant infrastructure investment, stringent EPA water quality standards and the trend toward consolidation," Wells Fargo analysts wrote in a May 11 report. "Our Market Perform rating reflects valuation considerations and above-average execution risk."

Forward Annual Dividend Yield: 3%

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American Express

"American Express' credit metrics continue to be the best in the industry among the primary issuers and are trending below our second-quarter forecast of 2.4%," William Blair analysts wrote in a June 15 report. "American Express reported worldwide spending grew 9% ;10% on a foreign exchange adjusted basis for the quarter-to-date period ending May 31, which was slightly below 10.5% forecast for the second quarter. We now forecast 8.5% worldwide spending growth for the second quarter. We are maintaining our 2012 and 2013 EPS estimates of $4.30 and $4.85 as the slightly better credit offsets the slightly lower spending. We are also maintaining our Outperform rating on American Express."

Forward Annual Dividend Yield: 1.4%


Erie Indemnity

The managing attorney for the Erie Insurance Exchange is scheduled to report second-quarter earnings on July 29. On average, analysts expect earnings of 94 cents a share on revenue of $318.22 million.

"Erie Indemnity Company reported operating earnings per share of $0.64 for the first quarter, below our estimate of $0.78," William Blair analysts wrote in a May 10 report. "The biggest factors driving the earnings miss were a smaller-than-expected contribution from the company's limited partnership investments and higher-than-expected expenses as a result of the company reinvesting in the businessfor long-term growth. The franchise continues to have great top-line momentum and an enviable business model, and we continue to see long-term upside in the name."

Forward Annual Dividend Yield: 3.2%

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JPMorgan Chase

"While Jamie Dimon's Congressional testimony was a clear political victory for the company and banking industry, we still have fundamental questions about theimpact of the trading loss and visibility into the bank's true earnings power withouta fully operational investment office," FBR analysts wrote in a June 14 report. "Additionally, Mr. Dimon failed to answer repeated questions relating to why the CIO moved to a different value-at-risk (VAR) model and its failure to disclose the move even when there was a significant change. Despite our concerns, JPM's core operations are intact, and it maintains strong capital levels; however, the questions that remain and the investigations by various regulatory agencies keep us on the sidelines."

Forward Annual Dividend Yield: 3.4%


Sysco

The food products marketer and distributor is slated to report fourth-quarter earnings on Aug. 13. Analysts, on average, anticipate earnings of 54 cents a share on revenue of $11.08 billion.

"SYY issued $750M of senior notes in two tranches designed to take advantage of record-low interest rates," Guggenheim analysts wrote in a June 8 report. "This action is basically interest expense neutral and it has no bearing on either the economic environment or the ERP rollout. We continue to expect the shares to tread water for the better part of the next year."

Forward Annual Dividend Yield: 3.7%

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-- Written by Alexandra Zendrian

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