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Dividend stocks are proving increasingly attractive to investors these days due to the decline in interest rates and the recent reduction in the tax rate on most dividends.

In this article, I will focus on mid cap stocks with a high dividend yield (above 3%) and their ex-dividend date within the next week (June 18 to June 22). These stocks have been 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 18, 2012 and June 22, 2012

1. CINCINNATI FINANCIAL CORP (NASDAQ:CINF): Cincinnati Financial Corporation engages in the property casualty insurance business in the United States. Its Commercial Lines Property Casualty Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation. Cincinnati Financial has a market cap of $5.962B. Cincinnati Financial is currently trading around $36.71 with a 52 week range of $23.65 to $36.75. The dividend amount is 40.25 cents per share which is 4.43% dividend yield. The Ex-Dividend date is Jun 18, 2012, Record date is Jun 20, 2012 and the dividend payout date is Jul 16, 2012. The stock has gained 19.24% YTD.

2. DTE ENERGY CO (NYSE:DTE): DTE Energy Company, together with its subsidiaries, operates as an electric and natural gas utility company in Michigan. The company's Energy Utility segment engages in the generation, purchase, distribution, and sale of electricity in southeastern Michigan. DTE Energy has a market cap of $9.865B. DTE Energy is currently trading around $57.99 with a 52 week range of $43.22 to $58.06. The dividend amount is 58.75 cents per share which is 4.08% dividend yield. The Ex-Dividend date is Jun 18, 2012, Record date is Jun 20, 2012 and the dividend payout date is Jul 15, 2012. The stock has gained 5.77% YTD.

3. SAFEWAY INC (NYSE:SWY): Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. Safeway has a market cap of $4.380B. Safeway is currently trading around $18.22 with a 52 week range of $15.93 to $24.28. The dividend amount is 17.5 cents per share which is 3.83% dividend yield. The Ex-Dividend date is Jun 19, 2012, Record date is Jun 21, 2012 and the dividend payout date is Jul 12, 2012. The stock is down 13.21% YTD.

4. STAPLES INC. (NASDAQ:SPLS): Staples, Inc., together with its subsidiaries, operates as an office products company. The company offers various office supplies and services, office machines and related products, computers and related products, and office furniture under Staples, Quill, and other proprietary brands. Staples has a market cap of $8.863B. Staples is currently trading around $12.86 with a 52 week range of $11.94 to $16.93. The dividend amount is 11 cents per share which is 3.44% dividend yield. The Ex-Dividend date is Jun 20, 2012, Record date is Jun 22, 2012 and the dividend payout date is Jul 12, 2012. The stock has lost 7.99% YTD.

5. IRON MOUNTAIN INC (NYSE:IRM): Iron Mountain Incorporated, together with its subsidiaries, provides information management services primarily in North America, Europe, Latin America, and the Asia Pacific. Iron Mountain has a market cap of $5.602B. Iron Mountain is currently trading around $32.72 with a 52 week range of $27.10 to $35.79. The dividend amount is 27 cents per share which is 3.36% dividend yield. The Ex-Dividend date is Jun 20, 2012, Record date is Jun 22, 2012 and the dividend payout date is Jul 13, 2012. The stock has gained 4.22% YTD.

6. ENSIGN ENERGY SERVICES INC (OTCPK:ESVIF): Ensign Energy Services Inc., together with its subsidiaries, provides oilfield services to the crude oil and natural gas industry in Canada, the United States, and internationally. Ensign Energy has a market cap of $2.074B. Ensign Energy is currently trading around $13.536 with a 52 week range of $11.68 to $22.50. The dividend amount is 10.5 cents per share which is 3.02% dividend yield. The Ex-Dividend date is Jun 19, 2012, Record date is Jun 21, 2012 and the dividend payout date is Jul 06, 2012. The stock has lost 15.01% YTD.

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 investors to make the correct decision after necessary research.

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

Source: Mid-Caps With 3%+ Yields Going Ex-Dividend Between June 18 And June 22