Ex-Dividend Stocks: Aetna, H.B. Fuller

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: Aetna ( AET), Franco-Nevada ( FNV), H.B. Fuller ( FUL), Sovran Self Storage ( SSS) and Stewart Enterprises ( STEI).

Aetna

The company is scheduled to report its second-quarter earnings on July 31. Analysts, on average, expect earnings of $1.26 a share on revenue of $8.8 billion.

"We were expecting most of the law to stand but thought the individual mandate might fall, which would have been a slightly more negative outcome for insurers, but still believe the law's greatest threat is from defunding if the Republicans come into power in November or if the Democrats hold power but are forced to downsize the expansions due to the 'fiscal cliff' Washington is facing after the election," Wells Fargo analysts wrote in a June 28 report. "However, we believe despite the downward motion today our favorite names (AET, CVH, HUM, UNH) should be purchased as the removal of the Supreme Court overhang should be viewed as a longer term positive."

Forward Annual Dividend Yield: 1.8%

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

Franco-Nevada

The gold-centered royalty company is scheduled to report second-quarter earnings on Aug. 8. On average, analysts anticipate earnings of 28 cents a share on revenue of $105.7 million.

"At 31 March 2012, Franco-Nevada held $847 million in cash and $207 million inshort and long term investments and no debt or hedges," Bank of America Merrill Lynch analysts wrote in a June 14 report. "Due to its strong financial position, FNV has the ability to fund future acquisitions of additional royalties or investment interests. One such intriguing opportunity is Inmet Mining's proposed plan to finance its giant Cobre Panama copper project in part by selling a precious metal stream (from future production at Cobre Panama) which could reap up to $1 billion in proceeds (for Inmet)."

Forward Annual Dividend Yield: 1.3%


H.B. Fuller

The paint and adhesives company reported second-quarter net income on June 25 of $1.9 million, or 4 cents a share, down from year-earlier earnings of $25.1 million, or 50 cents a share.

"While H.B. Fuller Company (FUL-NYSE) has been one of the best performing stocks in our coverage space year-to-date, we continue to see visible levers for one of the strongest earnings trajectories in specialty chemical land through FY15, coming largely as a function of factors under the Company's control," KeyBanc Capital Markets analysts wrote in a July 6 report. "Additionally, with consolidated operating margins set to improve to 10%+ levels in FY13 and beyond, we believe multiple expansion relative to historical levels is warranted as the FUL transformation into a quality specialty chemical company continues to unfold given the compelling potential of the Forbo acquisition. We are reiterating our BUY rating and see good upside to $39 based on an 8.5x EV/EBITDA multiple on our FY13 outlook."

Forward Annual Dividend Yield: 1.1%

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

Sovran Self Storage

The real estate investment trust is slated to report second-quarter earnings on Aug. 1. Analysts, on average, anticipate earnings of 78 cents a share on revenue of $55.66 million.

"Sovran Self Storage, Inc. (SSS-NYSE) reported a strong 1Q beat and management tweaked full-year FFO guidance higher by 1.5% at the midpoint," KeyBanc Capital Markets analysts wrote in a May 2 report. "We expect the stock to modestly outperform on the results, which should put upward pressure on Street estimates given the higher NOI run-rate to start off the year. In addition to lower expenses stemming from the warmer winter, SSS was able to increase occupancy to 82.7% at the end of the quarter, representing a 340 basis point increase year-overyear. As a result, management's bullish comments last quarter regarding the potential to achieve 87% occupancy during this year's peak leasing season may not be as far out of reach as we may have thought. Since 2004, the average increase in occupancy from the 1Q to the 3Q has been 240 basis points, which would comfortably place SSS's occupancy above 85%, well in excess of our current estimate. Year-to-date the stock has outperformed the self storage sector (+430 bps) and the RMS (+1,130 bps). SSS trades at 20x our 2012 AFFO estimate, representing an 8% discount to the sector and a 13% discount to the REIT weighted average. We reiterate our HOLD rating."

Forward Annual Dividend Yield: 3.5%


Stewart Enterprises

The funeral company reported second-quarter earnings from continuing operations on June 6 of $9.6 million, or 11 cents a share, down from year-earlier earnings of $10.2 million, or 11 cents a share.

"We reiterate our Buy investment rating on the shares as we are encouraged that management continues to take actions to increase shareholder value," Davenport analysts wrote in a June 8 report. "Also, STEI has a dividend yield of 2.4% which we see as attractive. In our view, 2H'12 funeral volumes should pick up and make way for easier comps, which could provide some upside to our numbers. We would also expect STEI earnings to increasingly benefit from the recent sales realignment and workforcereduction."

Forward Annual Dividend Yield: 2.2%

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

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

Why Starbucks Latest Data Reveal Should Worry Investors

Why Starbucks Latest Data Reveal Should Worry Investors

Salesforce Is Hitting on All Cylinders as Shares Notch an All-Time High

Salesforce Is Hitting on All Cylinders as Shares Notch an All-Time High