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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 the 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 (June 25 to June 29). 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 3.5%

  • Ex-Dividend Date: Between June 25, 2012 and June 29, 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 $12.5B and is currently trading around $38.96 with a 52-week range of $33.47 to $47.96. The dividend amount is 23 cents per share which is 6.93% 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 fallen 11.7% year to date.

2. Power Financial Corp (POFNF.PK): Power Financial Corporation, through its subsidiaries, provides financial services in Canada, the United States, and Europe. It offers annuities and life insurance, health insurance, asset management, investment and retirement savings, and reinsurance products and services. Power Financial has a market cap of $17.6 billion and is currently trading around $24.89 with a 52-week range of $22.54 to $31.01. The dividend amount is 35 cents per share which is 5.51% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is August 01, 2012. The stock has -0.72% price performance for the year 2012.

3. Canadian Imperial Bank Of Commerce (CM): Canadian Imperial Bank of Commerce provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada and internationally. CBIC has a market cap of $28.4B. CBIC is currently trading around $70.04 with a 52-week range of $64.92 to $80.49. The dividend amount is 90 cents per share which is 5.03% dividend yield. The Ex-Dividend date is June 26, 2012, Record date is June 28, 2012, and the dividend payout date is July 27, 2012. The stock has -3.22% price performance for the year 2012.

4. National Bank Of Canada (NTIOF.PK): National Bank of Canada provides financial services to retail, commercial, corporate, and institutional clients in Canada, the United States, Europe and internationally. National Bank of Canada has a market cap of $11.50 billion and is currently trading around $71.33 with a 52-week range of $60.00 to $84.15. The dividend amount is 79 cents per share, which is 4.34% dividend yield. The Ex-Dividend date is June 26, 2012, Record date is June 28, 2012, and the dividend payout date is August 01, 2012. The stock has 0.37% price performance for the year 2012.

5. The Bank Of Nova Scotia (BNS): The Bank of Nova Scotia, together with its subsidiaries, offers various personal, commercial, corporate, and investment banking services in Canada and internationally. Bank of Nova Scotia has a market cap of $58.1 billion and is currently trading around $50.92 with a 52-week range of $45.79 to $61.02. The dividend amount is 55 cents per share which is 4.23% dividend yield. The Ex-Dividend date is June 29, 2012, Record date is July 03, 2012, and the dividend payout date is July 27, 2012. The stock has 2.23% price performance for the year 2012.

6. TransCanada Corp (TRP): TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. TransCanada has a market cap of $29.2B and is currently trading around $41.41 with a 52-week range of $37.29 to $45.07. The dividend amount is 44 cents per share which is 4.16% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is July 31, 2012. The stock has -5.18% price performance for the year 2012.

7. The Dow Chemical Co (DOW): The Dow Chemical Company manufactures and supplies chemical products used as raw materials in the manufacture of customer products and services worldwide. Dow Chemical has a market cap of $39.3 billion and is currently trading around $32.89 with a 52-week range of $20.61 to $37.30. The dividend amount is 32 cents per share which is 3.89% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is July 30, 2012. The stock has gained 14.36% year to date.

8. Nucor Corp (NUE): Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. Nucor has a market cap of $11.9B. Nucor is currently trading around $37.61 with a 52-week range of $29.82 to $45.75. The dividend amount is 36.5 cents per share which is 3.88% dividend yield. The Ex-Dividend date is June 27, 2012, Record date is June 29, 2012, and the dividend payout date is August 10, 2012. The stock has -4.95% price performance for the year 2012.

9. Sempra Energy (SRE): Sempra Energy operates as an energy services holding company worldwide. The company operates utilities, develops new energy infrastructure, and provides energy-related services to approximately 31 million consumers worldwide. Sempra Energy has a market cap of $16.4B. Sempra Energy is currently trading around $67.85 with a 52-week range of $44.78 to $68.01. The dividend amount is 60 cents per share which is 3.54% dividend yield. The Ex-Dividend date is June 25, 2012, Record date is June 27, 2012, and the dividend payout date is July 15, 2012. The stock has risen 23.36%year to date.

10. Philip Morris International Inc (PM): Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. Philip Morris has a market cap of $149.6B. Philip Morris is currently trading around $87.73 with a 52-week range of $60.45 to $91.05. The dividend amount is 77 cents per share, which is 3.51% dividend yield. The Ex-Dividend date is June 25, 2012, Record date is June 27, 2012, and the dividend payout date is July 12, 2012. The stock has gained 11.79% year to date.

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