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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 large 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: Greater than 10 billion
  • Dividend Yield: Greater than or equal to 3%
  • Ex-Dividend Date: Between May 29, 2012 and June 1, 2012

1. CRESCENT POINT ENERGY CORP (CSCTF.PK): Crescent Point Energy Corp. engages in acquiring, exploiting, developing, and holding interests in light and medium oil and natural gas properties in Canada. Crescent Point Energy has a market cap of $12.38B. Crescent Point Energy is currently trading around $39.21 with a 52 week range of $33.47 to $48.44. The dividend amount is 23 cents per share which is a 6.89% 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 -11.14% price performance for the year 2012.

2. GREAT-WEST LIFECO INC (OTCPK:GWLIF): Great-West Lifeco Inc., a financial services holding company, operates in the life insurance, health insurance, retirement savings, investment management, and reinsurance businesses in Canada, US, Europe, and Asia. Great-West Lifeco has a market cap of $20.44B. Great-West Lifeco is currently trading around $21.38 with a 52 week range of $18.30 to $27.57. The dividend amount is 30.75 cents per share which is a 5.63% dividend yield. The Ex-Dividend date is May 30, 2012, Record date is Jun 01, 2012 and the dividend payout date is Jun 29, 2012. The stock has 6.69% price performance for the year 2012.

3. LORILLARD INC (NYSE:LO): Lorillard, Inc., through its subsidiaries, manufactures and sells cigarettes in the United States. Lorillard has a market cap of $16.328B. Lorillard is currently trading around $125.1 with a 52 week range of $96.50 to $138.88. The dividend amount is 1.55 per share which is a 4.96% dividend yield. The Ex-Dividend date is May 30, 2012, Record date is Jun 01, 2012 and the dividend payout date is Jun 11, 2012. The stock has 9.74% price performance for the year 2012.

4. LOCKHEED MARTIN CORP (NYSE:LMT): Lockheed Martin Corporation engages in the research, design, development, manufacture, integration, operation, and sustainment of advanced technology systems and products in the US and internationally. Lockheed Martin has a market cap of $26.829B. Lockheed Martin is currently trading around $82.78 with a 52 week range of $66.36 to $92.24. The dividend amount is 1 per share which is a 4.83% dividend yield. The Ex-Dividend date is May 30, 2012, Record date is Jun 01, 2012 and the dividend payout date is Jun 22, 2012. The stock has 2.32% price performance for the year 2012.

5. DOMINION RESOURCES INC. (NYSE:D): Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. It operates in three segments: DVP, Dominion Generation, and Dominion Energy. Dominion Resources has a market cap of $29.884B. Dominion Resources is currently trading around $52.29 with a 52 week range of $44.50 to $53.68. The dividend amount is 52.75 cents per share which is a 4.04% dividend yield. The Ex-Dividend date is May 30, 2012, Record date is Jun 01, 2012 and the dividend payout date is Jun 20, 2012. The stock has -1.49% price performance for the year 2012.

6. NORTHEAST UTILITIES (NYSE:NU): Northeast Utilities, a public utility holding company, provides electric and natural gas energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and western Massachusetts. Northeast Utilities has a market cap of $10.957B. Northeast Utilities is currently trading around $34.94 with a 52 week range of $30.02 to $37.64. The dividend amount is 34.3 cents per share which is a 3.93% dividend yield. The Ex-Dividend date is May 30, 2012, Record date is Jun 01, 2012 and the dividend payout date is Jun 29, 2012. The stock has -3.13% price performance for the year 2012.

7. M&T BANK CORP (NYSE:MTB): M&T Bank Corporation operates as the holding company for M&T Bank that provide commercial and retail banking services to individuals, corporations and other businesses, and institutions. M&T Bank has a market cap of $10.214B. M&T Bank is currently trading around $80.71 with a 52 week range of $66.40 to $90.00. The dividend amount is 70 cents per share which is a 3.47% dividend yield. The Ex-Dividend date is May 30, 2012, Record date is Jun 01, 2012 and the dividend payout date is Jun 29, 2012. The stock has 5.72% price performance for the year 2012.

8. KELLOGG CO (NYSE:K): Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience food products primarily in North America, Europe, Latin America, and the Asia Pacific. Kellogg has a market cap of $18.005B. Kellogg is currently trading around $50.37 with a 52 week range of $48.10 to $57.70. The dividend amount is 43 cents per share which is a 3.42% dividend yield. The Ex-Dividend date is May 30, 2012, Record date is Jun 01, 2012 and the dividend payout date is Jun 15, 2012. The stock has -0.4% price performance for the year 2012.

9. PEPSICO INC (NYSE:PEP): PepsiCo, Inc. engages in the manufacture and sale of snacks, carbonated and non-carbonated beverages, dairy products, and other foods worldwide. PepsiCo has a market cap of $106.5B. PepsiCo is currently trading around $68.12 with a 52 week range of $58.50 to $71.89. The dividend amount is 53.75 cents per share which is a 3.16% dividend yield. The Ex-Dividend date is May 30, 2012, Record date is Jun 01, 2012 and the dividend payout date is Jun 29, 2012. The stock has 2.67% price performance for the year 2012.

10. TIME WARNER CABLE INC (NYSE:TWC): Time Warner Cable Inc., together with its subsidiaries, operates as a cable operator in the United States. Time Warner Cable has a market cap of $23.146B. Time Warner Cable is currently trading around $74.07 with a 52 week range of $57.15 to $83.64. The dividend amount is per share which is a 3.02% 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 16.52% price performance for the year 2012.

11. TIME WARNER INC (NYSE:TWX): Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates in three segments: Networks, Filmed Entertainment, and Publishing. Time Warner has a market cap of $32.896B. Time Warner is currently trading around $34.27 with a 52 week range of $27.62 to $39.24. The dividend amount is per share which is a 3.04% 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 -5.17% 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.

I change my positions very frequently and may initiate either long or short positions in the above mentioned stocks at any time.

Source: Large-Cap Stocks With Yields Over 3% Going Ex-Dividend Next Week