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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. 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 (above 3%) and their ex-dividend date within the next week (June 25 to June 29). 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 25, 2012 and June 29, 2012

1. Windstream Corp (WIN): Windstream Corporation provides communications and technology solutions in the United States. The company offers business services, as well as provides broadband, voice and video services to consumers primarily in rural markets. Windstream has a market cap of $5.572 billion and is currently trading around $9.47 with a 52-week range of $9.00 to $13.36. The dividend amount is 25 cents per share, which is 10.56% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is July 16, 2012. The stock has fallen 19.34% year to date.

2. Penn West Petroleum Ltd (PWE): Penn West Petroleum Ltd., an exploration and production company, engages in acquiring, exploring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Western Canada. Penn West Petroleum has a market cap of $6.782 billion and is currently trading around $14.29 with a 52-week range of $12.45 to $23.71. The dividend amount is 27 cents per share which is 7.39% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is July 13, 2012. The stock has fallen 30.51% year to date.

3. Baytex Energy Corp (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. It offers heavy oil, light oil and natural gas liquids. Baytex Energy has a market cap of $5.070 billion. Baytex Energy is currently trading around $42.57 with a 52-week range of $36.89 to $59.50. The dividend amount is 22 cents per share which is 6.15% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is July 13, 2012. The stock has risen 24.8% year to date.

4. Gibson Energy Inc (GBNXF): Gibson Energy Inc. engages in the movement, storage, blending, processing and marketing and distribution of crude oil, condensate, natural gas liquids and refined products in Canada, and the United States. Gibson Energy has a market cap of $2.014 billion and is currently trading around $20.26 with a 52-week range of $18.95 to $21.70. The dividend amount is 25 cents per share which is 4.83% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is July 17, 2012. The stock has 6.93% price performance for the year 2012.

5. First Capital Realty Inc (FCRGF.PK): First Capital Realty Inc. engages in acquiring, developing, redeveloping, owning, and operating supermarket and drugstore anchored neighborhood and community shopping centers in Canada. First Capital Realty has a market cap of $3.24 billion. First Capital Realty is currently trading around $18.05 with a 52 week range of $15.56 to $18.28. The dividend amount is 20 cents per share which is 4.33% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is July 12, 2012. The stock has 7.07% price performance for the year 2012.

6. Peyto Exploration & Development Corp (PEYUF.PK): Peyto Exploration & Development Corp. engages in the acquisition, exploration, development, and production of oil and natural gas in western Canada. Peyto has a market cap of $2.36 billion. Peyto is currently trading around $17.54 with a 52 week range of $14.58 to $25.80. The dividend amount is 6 cents per share which is 4.13% dividend yield. The Ex-Dividend date is June 28, 2012, Record date is June 30, 2012, and the dividend payout date is July 13, 2012. The stock has -28.72% price performance for the year 2012.

7. Arthur J. Gallagher & Co. (AJG): Arthur J. Gallagher & Co. and its subsidiaries provide insurance brokerage and risk management services to various commercial, industrial, institutional, and governmental organizations. Arthur J. Gallagher & Co has a market cap of $4.032 billion and is currently trading around $34.08 with a 52 week range of $24.29 to $38.24. The dividend amount is 34 cents per share which is 3.94% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is July 13, 2012. The stock has 3.32% price performance for the year 2012.

8. Progress Energy Resources Corp (PRQNF.PK): Progress Energy Resources Corp. engages in the acquisition, exploration, development, and production of oil and natural gas properties in Canada. Progress Energy has a market cap of $2.489 billion. Progress Energy is currently trading around $10.61 with a 52-week range of $9.57 to $15.46. The dividend amount is 10 cents per share which is 3.69% dividend yield. The Ex-Dividend date is June 28, 2012, Record date is June 30, 2012, and the dividend payout date is July 16, 2012. The stock has -19.13% price performance for the year 2012.

9. Molex Inc. (MOLX): Molex Incorporated, together with its subsidiaries, engages in the design, manufacture, and sale of electronic components worldwide. Molex has a market cap of $4.36 billion. Molex is currently trading around $24.72 with a 52-week range of $18.50 to $28.46. The dividend amount is 22 cents per share which is 3.62% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is July 25, 2012. The stock has 3.6% price performance for the year 2012.

10. Republic Services Inc. (RSG): Republic Services, Inc. provides non-hazardous solid waste collection, transfer, and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. Republic Services has a market cap of $9.545 billion and is currently trading around $25.78 with a 52-week range of $24.72 to $31.73. The dividend amount is 22 cents per share which is 3.41% dividend yield. The Ex-Dividend date is June 28, 2012, Record date is July 02, 2012, and the dividend payout date is July 16, 2012. The stock has -6.42% price performance for the year 2012.

11. National Fuel Gas Co (NFG): National Fuel Gas Company operates as a diversified energy company in the United States. National Fuel Gas has a market cap of $3.715 billion and is currently trading around $44.64 with a 52-week range of $41.57 to $75.98. The dividend amount is 36.5 cents per share which is 3.33% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is July 13, 2012. The stock has -21% price performance for the year 2012.

12. Willis Group Holdings Plc (WSH): Willis Group Holdings Public Limited Company provides a range of insurance brokerage, reinsurance, and risk management consulting services to its clients worldwide. Willis Group Holdings has a market cap of $6.145 billion and is currently trading around $35.38 with a 52-week range of $33.04 to $42.21. The dividend amount is 27 cents per share which is 3.05% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is July 13, 2012. The stock has -9.51% price performance for the year 2012.

Sources: Some of the data is sourced from Google Finance, Yahoo Finance, Fidelity and investor sites.

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


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.

Source: Mid Caps With 3%+ Yields Going Ex-Dividend The Fourth Week Of June