Ex-Dividend Stocks: Apache, Hormel

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Thursday, meaning an investor must purchase the shares Wednesday to qualify for the next dividend payment: Apache ( APA), C. R. Bard ( BCR) and Hormel Foods ( HRL).

Apache

The energy company is slated to report second-quarter earnings on Aug. 2. Analysts, on average, anticipate earnings of $2.71 a share on revenue of $4.36 billion.

"The Street is concerned about APA's geopolitical risk exposure by having 22% of 2011 net output in Egypt and 6% in Argentina," Societe Generale analysts wrote in a June 21 report. "APA has not experienced operational snafus (output or payment) during the Arab Spring or the election process. And we believe that the nationalization of Repsol's YPF position in Argentina was a 'one off' and not a harbinger for APA or other companies. Nevertheless, in a headlines driven, global macro trading world, oil & gas investors have been shunning many forms of risk, which has created a very good buying opportunity."

Forward Annual Dividend Yield: 0.8%

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C. R. Bard

The patient care device company is scheduled to report second-quarter earnings on Wednesday. On average, analysts expect earnings of $1.64 a share on revenue of $754.67 million.

"$500mn buyback and dividend increase speaks to company's confidence," Jefferies analysts wrote in a June 14 report. "Bard has already begun finding ways to deploy the substantial sum of excess capital it expects to receive in the case. The company announced a 5% increase in its dividend as well as a $500mm share repurchase authorization just yesterday. The company has commented that half of any windfall will be used for longer term strategic initiatives and half for immediate earnings appreciation."

Forward Annual Dividend Yield: 0.7%


Hormel Foods

The food products company is slated to report third-quarter earnings on Aug. 23. Analysts, on average, anticipate earnings of 41 cents a share on revenue of $2.01 billion.

"Hormel reported 2Q12 EPS of $0.48, ahead of our $0.45 estimate," Credit Suisse analysts wrote in a May 24 report. "The quality of the results was fair but not great. SG&A of $149 million was down 7% from a year ago (-7.5% versus our estimate). Volume declined 2%, and Jennie-O's operating margin was unsustainably high at 18%. However, given the weak trends overall in the food industry, it was encouraging to see HRL still delivering earnings growth. We remain on the sidelines due to our concern that turkey margins will decline substantially, thus impairing earnings growth. We are modestly raising our 2012 and 2013 EPS estimates to $1.87 and $2.03 (from $1.85 and $2.00), respectively. We are maintaining our $32 TP."

Forward Annual Dividend Yield: 2%

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-- Written by Alexandra Zendrian

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