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Dividend stocks are more attractive to investors these days, due to the decline in interest rates and with the recent reduction in the tax rate on most dividends. Also, investors like the dividend stocks for long-term investments, as these dividend payments tend to protect the stock price from market volatility that affects non-dividend paying stocks. However, careful analysis of dividend stocks and choosing the right dividend stocks at right time is critical for the investors.

In this article, I will focus on stocks with dividend yield over 5% and ex-dividend date within the next week (May 21 to May 25). These stocks are screened based on the following criteria:

  • Security Type: Common Stock
  • Market Cap: Greater than 300 millions
  • Dividend Yield: Greater than or equal to 5%
  • Ex-Dividend Date: Between May 21 and May 25

1. PENGROWTH ENERGY CORPORATION (PGH): Pengrowth Energy Corporation engages in the acquisition, exploration, development and production of oil and natural gas reserves in Canada. Pengrowth Energy has a market cap of $2.894B. Pengrowth Energy is currently trading around $7.55, with a 52 week range of $7.28 to $13.60. The dividend amount is 7 cents per share, which is 10.1% dividend yield. The Ex-Dividend date is May 21, 2012, Record date is May 23, 2012 and the dividend payout date is Jun 15, 2012. The stock has -22.79% price performance for the year 2012.

2. SAFE BULKERS INC (SB): Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. The company transports various bulk cargoes, primarily coal, grain, and iron ore. Safe Bulkers has a market cap of $505.9M. Safe Bulkers is currently trading around $6.60 with a 52 week range of $5.28 to $8.13. The dividend amount is 15 cents per share which is 9.08% dividend yield. The Ex-Dividend date is May 21, 2012, Record date is May 23, 2012 and the dividend payout date is May 31, 2012. The stock has 9.02% price performance for the year 2012.

3. NAL ENERGY CORP (OTC:NOIGF): NAL Energy Corporation engages in the exploration for, development, and production of natural gas, natural gas liquids, and crude oil in western Canada. NAL Energy has a market cap of $1.05B. NAL Energy is currently trading around $6.8 with a 52 week range of $6.09 to $14.50. The dividend amount is 5 cents per share which is 8.43% dividend yield. The Ex-Dividend date is May 21, 2012, Record date is May 23, 2012 and the dividend payout date is June 15, 2012. The stock has -7.9% price performance for the year 2012.

4. SUN LIFE FINANCIAL INC (SLF): Sun Life Financial Inc., an international financial services organization, provides a range of protection and wealth accumulation products and services to individuals and corporate customers. Sun Life Financial has a market cap of $13.102B. Sun Life Financial is currently trading around $22.17 with a 52 week range of $17.40 to $31.81. The dividend amount is 36 cents per share which is 6.19% dividend yield. The Ex-Dividend date is May 25, 2012, Record date is May 30, 2012 and the dividend payout date is June 29, 2012. The stock has 23.22% price performance for the year 2012.

5. MI DEVELOPMENTS INC. (MIM): MI Developments Inc. engages in the acquisition, development, construction, ownership, leasing, and management of industrial rental portfolio of properties. MI Developments has a market cap of $1.617B. MI Developments is currently trading around $34.5 with a 52 week range of $23.71 to $37.75. The dividend amount is 50 cents per share which is 5.69% dividend yield. The Ex-Dividend date is May 23, 2012, Record date is May 25, 2012 and the dividend payout date is June 14, 2012. The stock has 9.69% price performance for the year 2012.

6. PARK NATIONAL CORP (PRK): Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Kentucky. Park National has a market cap of $995.2M. Park National is currently trading around $64.6 with a 52 week range of $49.00 to $72.75. The dividend amount is 94 cents per share which is 5.72% dividend yield. The Ex-Dividend date is May 21, 2012, Record date is May 23, 2012 and the dividend payout date is June 08, 2012. The stock has -0.26% price performance for the year 2012.

7. PEMBINA PIPELINE CORP (PBA): Pembina Pipeline Corporation operates as an energy transportation and service provider company in Canada. The company operates in four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Midstream & Marketing, and Gas Services. Pembina Pipeline has a market cap of $8.530B. Pembina Pipeline is currently trading around $29.81 with a 52 week range of $21.15 to $30.93. The dividend amount is 13.5 cents per share which is 5.33% dividend yield. The Ex-Dividend date is May 23, 2012, Record date is May 23, 2012 and the dividend payout date is June 15, 2012. The stock has 3.76% price performance for the year 2012.

8. RUSSEL METALS INC (RUSMF): Russel Metals Inc. engages in the processing and distribution of metals in Canada and the United States. The company operates in three segments: Metals Service Centers, Energy Tubular Products, and Steel Distributors. Russel Metals has a market cap of $1.57B. Russel Metals is currently trading around $26, with a 52 week range of $18.00 to $27.95. The dividend amount is 35 cents per share which is 5.32% dividend yield. The Ex-Dividend date is May 25, 2012, Record date is May 30, 2012 and the dividend payout date is June 15, 2012. The stock has 19.43% price performance for the year 2012.

9. SIX FLAGS ENTERTAINMENT CORP (SIX): Six Flags Entertainment Corporation owns and operates regional theme, water, and zoological parks. Six Flags has a market cap of $2.508B. Six Flags is currently trading around $46.34 with a 52 week range of $24.72 to $49.04. The dividend amount is 60 cents per share which is 5.09% dividend yield. The Ex-Dividend date is May 24, 2012, Record date is May 29, 2012 and the dividend payout date is June 11, 2012. The stock has 12.63% price performance for the year 2012.

Sources: Some of the data is sourced from Google Finance, Yahoo Finance and Fidelity.

Disclaimer: I am not a registered investment advisor and do not provide specific investment advice. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. It is up to the investors to make the correct decision after necessary research.

Source: Stocks With Dividend Yield Over 5% Going Ex-Dividend (May 21-25, 2012)