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For all intents and purposes the third quarter of 2013 has completed with the Dow Jones Industrials Average Index finishing down on the week by 1.25%, the S&P 500 lost 1.06%, and the Nasdaq snuck in a gain of 0.18%. What is looming for the fourth quarter you ask? Well, the quarter kicks off with a standstill in our nation's capital over the debt ceiling, Federal Reserve wavering with respect to tapering the bond buying program, and the September jobs report. If a government shutdown is enforced due to our leaders not reaching an agreement, we will definitely see consumer stocks take a hit. I believe this to be the case because the consumer just won't spend a dime simply because they are not taking in any dimes. The Federal Reserve tapering I believe will be predicated on the September jobs report. If the September jobs report is a good number it will add fuel to the fire to kickoff the tapering program. If the jobs report number is bad the cruise control button for bond buying will still be left on. I maintain that it is still difficult to find good stocks these days and that's why I'm highlighting a select set of excellent value companies which have had ex-dividend dates or paid out a dividend during this past week or early next week, which people should place on their radar.

Cisco Systems Inc (NASDAQ:CSCO)

Cisco designs, manufactures, and sells internet protocol based networking and other products related to the communications and information technology industry and provide services associated with these products and their use. On 14Aug13, Cisco reported fourth quarter 2013 earnings of $0.52 per share. This result was beat the consensus of the 34 analysts following the company by a penny and beat last year's fourth quarter results by 10.64%. Cisco's PE ratio is below the communications equipment industry average and signals that investors are not willing to pay a premium for this stock, making it a value play. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate. The stock is up 22.18% in the past year compared to the S&P500's 17.42% gain. The company goes ex-dividend on 01Oct13 with a $0.17 per share dividend which will be paid on 23Oct13 for a yield of 2.91%. During the week the company had a launch event for its new NCS core router line which will compete directly with the Juniper PTX series routers. In addition, CEO John Chambers went on CNBC's closing bell providing rhetoric to the effect of Europe is recovering, US is growing, but that emerging markets are mixed. Let's take a quick look at the technicals here to see if it can be bought at these levels or if a pullback is coming. As we can see, the relative strength index is near oversold territory with a current value of 34.87 while the MACD chart below shows the black line starting to decline meaning there is downward pressure on the stock. I am not going to be pulling the trigger now because I expect the stock to pullback to about the 200-day moving average. At that point I will re-evaluate.

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Travelers Companies Inc (NYSE:TRV)

The Travelers Companies, Inc. is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. On 23Jul13, Travelers reported second quarter 2013 earnings of $2.13 per share. This result beat the $1.60 consensus of the 25 analysts covering the company and beat last year's second quarter results by 69.05%. Travelers' PE ratio is below the insurance (prop. & casualty) industry average and signals that investors are not willing to pay a premium for this stock, making it a value stock. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate. The stock is up 25.12% in the past year compared to the S&P500's 17.42% gain. The company went ex-dividend on 06Sep13 with a $0.50 per share dividend which will be paid on 30Sep13 for a yield of 2.34%. The company has been raising its dividend for the past 9 years at a 5-year dividend growth rate of 9.6%. Let's take a quick look at the technicals here to see if it can be bought at these levels or if a pullback is coming. As we can see, the relative strength index hit overbought territory and started to descend with a current value of 62 while the MACD chart below shows the black line starting to decline meaning there is downward pressure on the stock. I am not going to be pulling the trigger now because I expect the stock to pullback to about the 20-day moving average. At that point I will re-evaluate.

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PepsiCo Inc (NYSE:PEP)

PepsiCo, Inc is a global food and beverage company which operates four business units: PepsiCo Americas Foods, PepsiCo Americas Beverages, PepsiCo Europe and PepsiCo Asia Middle East and Africa. On 24Jul13, Pepsi reported second quarter 2013 earnings of $1.31 per share. This result beat the $1.19 consensus of the 16 analysts covering the company and beat last year's second quarter results by 16.96%. Pepsi's PE ratio is among the lowest of any stock in the beverages (nonalcoholic) industry and signals that investors have not been willing to pay a premium for this company's business prospects, making it a value story. However, during the past year, earnings growth has lagged its historical five year growth rate. The stock is up 13.32% in the past year compared to the S&P500's 17.42% gain. The company went ex-dividend on 04Sep13 with a $0.5675 per share dividend which will be paid on 30Sep13 for a yield of 2.83%. The company has been raising its dividend for the past 41 years at a 5-year dividend growth rate of 9.3%. Earlier in the week the company announced it has appointed a new executive for its Asia, Middle East, and Africa segment. The company may be a victim of pin-action as Wal-mart (NYSE:WMT) announced it is cutting orders to suppliers of which Pepsi is a big one. Let's take a quick look at the technicals here to see if it can be bought at these levels or if a pullback is coming. As we can see, the relative strength index is in middle ground territory and has downward trajectory with a current value of 46.03 while the MACD chart below shows the black line starting to decline meaning there is downward pressure on the stock. I am not going to be pulling the trigger now because I expect the stock to pullback to about the 200-day moving average. At that point I will re-evaluate.

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Conclusion

I've highlighted these names because they have all raised their dividend within the past year and are poised to do so again in the coming years. It's important in this market to be able to hold onto companies which raise their dividend rates because it is a sign that the underlying company is doing well financially. The importance of these stocks I've highlighted is that they are value plays while the broader market is getting choppy. I believe we are at a point in the market where we have to look for value.

Disclaimer: These are only my personal opinions and you should do your own homework. Only you are responsible for what you trade and happy investing!

Disclosure: I am long PEP, CSCO, TRV. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Source: Cisco And 2 Other Value Dividend Stocks To Put On Your Radar