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The following five equities yield over 10% in dividends annually and have ex-dividend dates this week (the date on which an investor must own the equity, at the market open, to receive the associated dividend); sorted by ex-dividend date, then by dividend yield:

1. Managed High Yield Plus Fund, Inc. (HYF) is a closed-end fund, currently trading at $2.14 with a market cap of $132.44 million. The fund's ex-dividend date and dividend pay date are January 17th, 2012 and January 31st, 2012, respectively. This dividend is distributed monthly, paying a total of 11.21% annually at the current price. The equity broke above resistance at the $2.10 last October and now appears to be using this price level as support.

Click on charts below to enlarge:

2. Credit Suisse High Yield Bond Fund (DHY) is a closed-end fund, currently trading at $2.94 with a market cap of $221.53 million. The fund's ex-dividend date and dividend pay date are January 17th, 2012 and January 25th, 2012, respectively. This dividend is distributed monthly, paying a total of 10.82% annually at the current price. The equity is currently trading within a rising price wedge pattern.

3. Helios Strategic Mortgage Income Fund, Inc. (HSM) is a closed-end fund, currently trading at $6.02 with a market cap of $61.23 million. The fund's ex-dividend date and dividend pay date are January 17th, 2012 and January 26th, 2012, respectively. This dividend is distributed monthly, paying a total of 10.47% annually at the current price. The equity appears to have hit resistance at the $6.10 price level.

4. CommonWealth REIT (CWH) is a diversified real estate investment trust (REIT), currently trading at $18.80 with a market cap of $1.36 billion. The trust's ex-dividend date and dividend pay date are January 18th, 2012 and February 21st, 2012, respectively. This dividend is distributed quarterly, paying a total of 10.64% annually at the current price. The equity has continually failed to break back above $20.00 after its fall last August and now appears to be trading in a slight, down-trending price channel.

5. Western Asset High Income Fund II, Inc. (HIX) is a closed-end fund, currently trading at $9.82 with a market cap of $833.91 million. The fund's ex-dividend date and dividend pay date are January 18th, 2012 and January 27th, 2012, respectively. This dividend is distributed monthly, paying a total of 10.08% annually at the current price. The equity broke above resistance at $9.70 just days before 2012 and is now trading within a steep, up-trending price channel.

Continued with Part II, January 19th and 20th, 2012

Source: 5 Equities Yielding Over 10% With Ex-Dividend Dates This Week: Part I