9 Mid-Cap Stocks With 4%+ Yields Going Ex-Dividend The Second Week Of June

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Includes: AEE, ARCC, GAPFF, LEG, MCY, MOBAF, NYX, RCIAF, VLY
by: StockPandit

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 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 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 11 to June 15). 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 4%

  • Ex-Dividend Date: Between June 11, 2012 and June 15, 2012

  1. ARES CAPITAL CORP (ARCC): Ares Capital Corporation specializes in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. Ares Capital has a market cap of $3.33B. Ares Capital is currently trading around $14.99 with a 52 week range of $12.75 to $17.25. The dividend amount is 37 cents per share which is 9.87% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is June 29, 2012. The stock has a -2.98% price performance for the year 2012.

  2. VALLEY NATIONAL BANCORP (VLY): Valley National Bancorp operates as the bank holding company for the Valley National Bank that provides various commercial, retail, trust, and investment services. Valley National Bancorp has a market cap of $2.22B. Valley National Bancorp is currently trading around $10.73 with a 52 week range of $9.11 to $13.46. The dividend amount is 16.25 cents per share which is 6.06% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is July 02, 2012. The stock has a -8.92% price performance for the year 2012.

  3. MERCURY GENERAL CORP (MCY): Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance products. Mercury General has a market cap of $2.332B. Mercury General is currently trading around $42.49 with a 52 week range of $33.81 to $46.76. The dividend amount is 61 cents per share which is 5.74% dividend yield. The Ex-Dividend date is June 12, 2012, Record date is June 14, 2012 and the dividend payout date is June 28, 2012. The stock has a -6.86% price performance for the year 2012.

  4. LEGGETT & PLATT INC (LEG): Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. Leggett & Platt has a market cap of $2.846B. Leggett & Platt is currently trading around $20.30 with a 52 week range of $17.80 to $24.99. The dividend amount is 28 cents per share which is 5.52% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is July 13, 2012. The stock has a -11.89% price performance for the year 2012.

  5. MANITOBA TELECOM SERVICES INC (MOBAF.PK): Manitoba Telecom Services Inc. provides communication services to residential and business customers in Canada. Manitoba Telecom has a market cap of $2.19B. Manitoba Telecom is currently trading around $31.53 with a 52 week range of $27.46 to $35.37. The dividend amount is 42.5 cents per share which is 5.18% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is July 16, 2012. The stock has a 9.02% price performance for the year 2012.

  6. NYSE EURONEXT (NYX): NYSE Euronext, through its subsidiaries, operates securities exchanges. It operates various stock exchanges, including the New York Stock Exchange (NYSE), NYSE Arca, Inc., and NYSE Amex LLC in the United States; and five European-based exchanges that comprise Euronext NV. NYSE Euronext has a market cap of $6.025B. NYSE Euronext is currently trading around $23.72 with a 52 week range of $21.80 to $36.08. The dividend amount is 30 cents per share which is 5.06% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is June 29, 2012. The stock has a -9.12% price performance for the year 2012.

  7. AMEREN CORP (AEE): Ameren Corporation operates as a public utility holding company in Missouri and Illinois, the United States. Ameren has a market cap of $7.774B. Ameren is currently trading around $32.04 with a 52 week range of $25.55 to $34.10. The dividend amount is 40 cents per share which is 4.99% dividend yield. The Ex-Dividend date is June 11, 2012, Record date is June 13, 2012 and the dividend payout date is June 29, 2012. The stock has a -3.29% price performance for the year 2012.

  8. AIMIA INC (GAPFF.PK): Aimia Inc. operates as a loyalty management company in Canada and internationally. Aimia has a market cap of $2.158B. Aimia is currently trading around $12.4449 with a 52 week range of $10.32 to $14.40. The dividend amount is 16 cents per share which is 4.94% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is June 29, 2012. The stock has a 7.19% price performance for the year 2012.

  9. ROGERS COMMUNICATIONS INC. (OTC:RCIAF): Rogers Communications Inc. operates as a communications and media company in Canada. The company's Wireless segment provides retail and business voice and data wireless communications services. Rogers Communications has a market cap of $18.07B. Rogers Communications is currently trading around $34.14 with a 52 week range of $34.14 to $41.47. The dividend amount is 39.5 cents per share which is 4.45% dividend yield. The Ex-Dividend date is June 13, 2012, Record date is June 15, 2012 and the dividend payout date is July 03, 2012. The stock has a -0.71% 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, but may initiate a long position in AEE, ARCC, LEG, MCY, NYX, OTC:RCIAF, VLY over 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.

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