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 as long-term investments, as these dividend payments tend to protect the stock price from the 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 investors.
In this article, I will focus on large cap stocks with a high dividend yield and their ex-dividend date within the next week (July 2 to July 6). 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 3.0%
Ex-Dividend Date: Between July 2, 2012 and July 6, 2012
1. Verizon Communications Inc (VZ): Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. It operates in two segments, Verizon Wireless and Wireline. Verizon has a market cap of $124.90 billion and is currently trading around $43.95 with a 52 week range of $32.28 to $44.14. The dividend amount is 50 cents per share which is 4.62% dividend yield. The Ex-Dividend date is July 06, 2012, Record date is July 10, 2012 and the dividend payout date is August 01, 2012. The stock has 9.55% price performance for the year 2012.
2. Sysco Corp (SYY): Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of a range of food and related products primarily to the food service or food-away-from-home industry. Sysco has a market cap of $17.0 billion and is currently trading around $29.00 with a 52 week range of $25.09 to $31.73. The dividend amount is 27 cents per share which is 3.74% dividend yield. The Ex-Dividend date is July 03, 2012, Record date is July 06, 2012 and the dividend payout date is July 27, 2012. The stock has -1.13% price performance for the year 2012.
3. The Toronto-Dominion Bank (TD): The Toronto-Dominion Bank, together with its subsidiaries, provides financial and banking services in North America and internationally. The company's Canadian Personal and Commercial Banking segment offers various financial products and services to personal and small business customers. Toronto-Dominion Bank has a market cap of $70.0 billion and is currently trading around $76.92 with a 52 week range of $64.56 to $86.56. The dividend amount is 72 cents per share which is 3.72% dividend yield. The Ex-Dividend date is July 02, 2012, Record date is July 05, 2012 and the dividend payout date is July 31, 2012. The stock has 2.82% price performance for the year 2012.
4. Raytheon Company (RTN): Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $18.3 billion and is currently trading around $54.82 with a 52 week range of $38.35 to $55.13. The dividend amount is 50 cents per share which is 3.68% dividend yield. The Ex-Dividend date is July 02, 2012, Record date is July 05, 2012 and the dividend payout date is August 09, 2012. The stock has 13.31% price performance for the year 2012.
5. JPMorgan Chase & Co (JPM): JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $137.0 billion and is currently trading around $35.99 with a 52 week range of $27.85 to $46.49. The dividend amount is 30 cents per share which is 3.38% dividend yield. The Ex-Dividend date is July 03, 2012, Record date is July 06, 2012 and the dividend payout date is July 31, 2012. The stock has 8.24% price performance for the year 2012.
6. General Dynamics Corporation (GD): General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide. General Dynamics has a market cap of $22.8 billion and is currently trading around $63.26 with a 52 week range of $53.95 to $75.93. The dividend amount is 51 cents per share, which is 3.23% dividend yield. The Ex-Dividend date is July 03, 2012, Record date is July 06, 2012 and the dividend payout date is August 10, 2012. The stock has -4.74% price performance for the year 2012.
Sources: Some of the data is sourced from Google Finance, Yahoo Finance, Fidelity and investor sites.
Additional 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.
