Seeking Alpha
Profile| Send Message|
( followers)  

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 (June 4 to June 8). 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 3%
  • Ex-Dividend Date: Between June 4, 2012 and June 8, 2012

1. FRONTIER COMMUNICATIONS CORP (FTR): Frontier Communications Corporation provides communications services for residential and business customers in the United States. Frontier has a market cap of $3.495B. Frontier is currently trading around $3.5 with a 52 week range of $3.06 to $8.89. The dividend amount is 10 cents per share which is 11.43% dividend yield. The Ex-Dividend date is Jun 06, 2012, Record date is Jun 08, 2012 and the dividend payout date is Jun 29, 2012. The stock has -32.04% price performance for the year 2012.

2. GANNETT CO INC (GCI): Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. Gannett has a market cap of $3.050B. Gannett is currently trading around $12.98 with a 52 week range of $8.28 to $16.26. The dividend amount is 20 cents per share which is 6.16% dividend yield. The Ex-Dividend date is Jun 06, 2012, Record date is Jun 08, 2012 and the dividend payout date is Jul 02, 2012. The stock has -2.92% price performance for the year 2012.

3. PEPCO HOLDINGS INC (POM): Pepco Holdings, Inc., through its subsidiaries, engages in the transmission, distribution, and supply of electricity. The company also distributes and supplies natural gas. Pepco Holdings has a market cap of $4.314B. Pepco Holdings is currently trading around $18.9 with a 52 week range of $16.57 to $20.64. The dividend amount is 27 cents per share which is 5.71% dividend yield. The Ex-Dividend date is Jun 07, 2012, Record date is Jun 11, 2012 and the dividend payout date is Jun 29, 2012. The stock has -6.9% price performance for the year 2012.

4. H&R BLOCK INC (HRB): H&R Block, Inc., through its subsidiaries, provides tax preparation, retail banking, and various business advisory and consulting services. H&R Block has a market cap of $4.459B. H&R Block is currently trading around $15.19 with a 52 week range of $12.54 to $17.46. The dividend amount is 20 cents per share which is 5.27% dividend yield. The Ex-Dividend date is Jun 07, 2012, Record date is Jun 11, 2012 and the dividend payout date is Jul 02, 2012. The stock has -6.98% price performance for the year 2012.

5. WESTAR ENERGY INC. (WR): Westar Energy, Inc., an electric utility company, engages in the generation, transmission, and distribution of electricity. Westar Energy has a market cap of $3.576B. Westar Energy is currently trading around $28.34 with a 52 week range of $22.63 to $29.13. The dividend amount is 33 cents per share which is 4.66% dividend yield. The Ex-Dividend date is Jun 06, 2012, Record date is Jun 08, 2012 and the dividend payout date is Jul 01, 2012. The stock has -1.53% price performance for the year 2012.

6. SCANA CORP (SCG): SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. SCANA has a market cap of $6.101B. SCANA is currently trading around $46.65 with a 52 week range of $34.64 to $46.79. The dividend amount is 49.5 cents per share which is 4.24% dividend yield. The Ex-Dividend date is Jun 07, 2012, Record date is Jun 11, 2012 and the dividend payout date is Jul 01, 2012. The stock has 3.53% price performance for the year 2012.

7. TELUS CORP (TU): TELUS Corporation provides telecommunications products and services primarily in Canada. Its telecommunications products and services include wireless, data, Internet protocol (NYSE:IP), voice, and television. TELUS has a market cap of $18.002B. TELUS is currently trading around $55.33 with a 52 week range of $44.63 to $58.97. The dividend amount is 61 cents per share which is 4.28% dividend yield. The Ex-Dividend date is Jun 06, 2012, Record date is Jun 08, 2012 and the dividend payout date is Jul 03, 2012. The stock has 3.32% price performance for the year 2012.

8. AVERY DENNISON CORP (AVY): Avery Dennison Corporation manufactures and sells pressure-sensitive materials, brand identification and information management products, and other converted products worldwide. Avery Dennison has a market cap of $3.052B. Avery Dennison is currently trading around $29.45 with a 52 week range of $23.51 to $42.37. The dividend amount is 27 cents per share which is 3.67% dividend yield. The Ex-Dividend date is Jun 04, 2012, Record date is Jun 06, 2012 and the dividend payout date is Jun 20, 2012. The stock has 2.68% price performance for the year 2012.

9. CINEMARK HOLDINGS INC (CNK): Cinemark Holdings, Inc., together with its subsidiaries, engages in motion picture exhibition business. Cinemark has a market cap of $2.69B. Cinemark is currently trading around $23.43 with a 52 week range of $17.10 to $24.45. The dividend amount is 21 cents per share which is 3.59% dividend yield. The Ex-Dividend date is Jun 04, 2012, Record date is Jun 06, 2012 and the dividend payout date is Jun 19, 2012. The stock has 26.72% price performance for the year 2012.

10. KRONOS WORLDWIDE INC (KRO): Kronos Worldwide, Inc. engages in the production and marketing of titanium dioxide pigments under the Kronos brand name primarily in North America and Europe. Kronos has a market cap of $2.021B. Kronos is currently trading around $17.44 with a 52 week range of $14.16 to $34.50. The dividend amount is 15 cents per share which is 3.44% dividend yield. The Ex-Dividend date is Jun 07, 2012, Record date is Jun 11, 2012 and the dividend payout date is Jun 21, 2012. The stock has -3.33% price performance for the year 2012.

11. BEST BUY CO INC (NYSE:BBY): Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. Best Buy has a market cap of $6.560B. Best Buy is currently trading around $19.17 with a 52 week range of $17.53 to $32.85. The dividend amount is 16 cents per share which is 3.34% dividend yield. The Ex-Dividend date is Jun 08, 2012, Record date is Jun 12, 2012 and the dividend payout date is Jul 03, 2012. The stock has -17.97% price performance for the year 2012.

12. GENUINE PARTS CO (GPC): Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico. Genuine Parts has a market cap of $9.652B. Genuine Parts is currently trading around $61.91 with a 52 week range of $46.10 to $66.50. The dividend amount is 49.5 cents per share which is 3.2% dividend yield. The Ex-Dividend date is Jun 06, 2012, Record date is Jun 08, 2012 and the dividend payout date is Jul 02, 2012. The stock has 1.16% price performance for the year 2012.

13. CORRECTIONS CORP OF AMERICA (CXW): Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. CCA has a market cap of $2.607B. CCA is currently trading around $26.08 with a 52 week range of $18.41 to $31.87. The dividend amount is 20 cents per share which is 3.07% dividend yield. The Ex-Dividend date is Jun 06, 2012, Record date is Jun 08, 2012 and the dividend payout date is Jun 22, 2012. The stock has 28.03% price performance for the year 2012.

Sources: Some of the data is sourced from Google 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: Mid-Cap Stocks With +3% Yields Going Ex-Dividend The First Week Of June