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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 mid cap stocks with a high dividend yield and ex-dividend date within the next week (May 29 to June 1). These stocks are screened based on the following criteria:

  • Security Type: Common Stock
  • Market Cap: Between 2 billion and 10 billion
  • Dividend Yield: Greater than or equal to 5%
  • Ex-Dividend Date: Between May 29, 2012 and June 1, 2012

1. PETROBAKKEN ENERGY LTD (PBKEF.PK): PetroBakken Energy Ltd. operates as a light oil exploration and production company in western Canada. The company primarily engages in the exploration and development of oil and natural gas. PetroBakken Energy has a market cap of $2.00B. PetroBakken Energy is currently trading around $10.88 with a 52 week range of $5.75 to $18.43. The dividend amount is 8 cents per share which is 8.63% dividend yield. The Ex-Dividend date is May 29, 2012, Record date is May 31, 2012 and the dividend payout date is Jun 15, 2012. The stock has -13.65% price performance for the year 2012.

2. OLD REPUBLIC INTERNATIONAL CORP (NYSE:ORI): Old Republic International Corporation, through its subsidiaries, engages in underwriting insurance products in the United States and Canada. Old Republic has a market cap of $2.255B. Old Republic is currently trading around $8.81 with a 52 week range of $7.15 to $13.06. The dividend amount is 17.75 cents per share which is 8.06% dividend yield. The Ex-Dividend date is Jun 01, 2012, Record date is Jun 05, 2012 and the dividend payout date is Jun 15, 2012. The stock has -4.96% price performance for the year 2012.

3. BONAVISTA ENERGY CORP (OTCPK:BNPUF): Bonavista Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas assets in Canada. The company's principal properties are located in Alberta, British Columbia, and Saskatchewan. Bonavista Energy has a market cap of $2.58B. Bonavista Energy is currently trading around $18.58 with a 52 week range of $16.89 to $31.62. The dividend amount is 12 cents per share which is 7.58% dividend yield. The Ex-Dividend date is May 29, 2012, Record date is May 31, 2012 and the dividend payout date is Jun 15, 2012. The stock has -27.75% price performance for the year 2012.

4. TRANSALTA CORP (NYSE:TAC): TransAlta Corporation operates as a non-regulated electricity generation and energy marketing company. TransAlta Corporation has a market cap of $3.714B. TransAlta Corporation is currently trading around $16.36 with a 52 week range of $16.22 to $23.09. The dividend amount is 29 cents per share which is 6.94% dividend yield. The Ex-Dividend date is May 30, 2012, Record date is Jun 01, 2012 and the dividend payout date is Jul 01, 2012. The stock has -20.66% price performance for the year 2012.

5. REGAL ENTERTAINMENT GROUP (NYSE:RGC): Regal Entertainment Group, through its subsidiaries, operates a theatre circuit in the United States. Regal Entertainment has a market cap of $2.094B. Regal Entertainment is currently trading around $13.59 with a 52 week range of $11.15 to $14.74. The dividend amount is 21 cents per share which is 6.18% dividend yield. The Ex-Dividend date is Jun 01, 2012, Record date is Jun 05, 2012 and the dividend payout date is Jun 15, 2012. The stock has 13.82% price performance for the year 2012.

6. ARC RESOURCES LTD (OTCPK:AETUF): ARC Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, production, and sale of conventional oil and natural gas reserves in western Canada. ARC Resources has a market cap of $5.64B. ARC Resources is currently trading around $20.03 with a 52 week range of $18.37 to $27.78. The dividend amount is 10 cents per share which is 5.86% dividend yield. The Ex-Dividend date is May 29, 2012, Record date is May 31, 2012 and the dividend payout date is Jun 15, 2012. The stock has -18.37% price performance for the year 2012.

7. BAYTEX ENERGY CORP (NYSE:BTE): Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the western Canadian Sedimentary Basin and the United States. Baytex Energy has a market cap of $5.314B. Baytex Energy is currently trading around $44.62 with a 52 week range of $36.89 to $61.96. The dividend amount is 22 cents per share which is 5.79% dividend yield. The Ex-Dividend date is May 29, 2012, Record date is May 31, 2012 and the dividend payout date is Jun 15, 2012. The stock has -20.16% price performance for the year 2012.

8. VERMILION ENERGY INC (VEMTF.PK): Vermilion Energy Inc. engages in the exploitation, acquisition, development, and production of oil and natural gas properties in Australia, Canada, France, Ireland, and the Netherlands. Vermilion Energy has a market cap of $4.14B. Vermilion Energy is currently trading around $41.85 with a 52 week range of $36.45 to $52.96. The dividend amount is 19 cents per share which is 5.33% dividend yield. The Ex-Dividend date is May 29, 2012, Record date is May 31, 2012 and the dividend payout date is Jun 15, 2012. The stock has -5.89% price performance for the year 2012.

9. INTEGRYS ENERGY GROUP INC (NYSE:TEF): Integrys Energy Group, Inc., an energy holding company, engages in natural gas and electric utility operations, and non regulated energy operations in the United States and Canada. Integrys Energy has a market cap of $4.146B. Integrys Energy is currently trading around $53.21 with a 52 week range of $42.76 to $54.88. The dividend amount is 68 cents per share which is 5.11% dividend yield. The Ex-Dividend date is May 29, 2012, Record date is May 31, 2012 and the dividend payout date is Jun 20, 2012. The stock has -1.79% price performance for the year 2012.

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

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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: Mid-Cap Stocks With Dividend Yield Over 5% Going Ex-Dividend Next Week