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Here is a current overview of the best yielding stocks with a market capitalization over USD 2 billion that have their ex-dividend date on the next trading day. So if your broker settles your trade today, you will receive the next dividend. A full list of all stocks with ex-dividend date can be found here: Ex-Dividend Stocks on July 03, 2012. In total, 26 stocks and preferred shares go ex-dividend, of which 12 yield above 3 percent. The average yield amounts to 3.86 percent.

The ex-dividend date is a major date related to the payment of dividends. If you purchase a stock on its ex-dividend date or later, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend. It is important that your broker settles your trade before the ex-dividend date.

These are the results of the best yielding stocks:

Sysco (NYSE:SYY) has a market capitalization of USD 17.46 billion and operates within the "Food Wholesale" industry. These are the market ratios of the company: P/E Ratio: 15.29, Forward P/E Ratio: 14.90, P/S Ratio: 0.42, P/B Ratio: 3.58, Dividend Yield: 3.62%.

JPMorgan Chase & Co. (NYSE:JPM) has a market capitalization of USD 136.01 billion and operates within the "Money Center Banks" industry. These are the market ratios of the company: P/E Ratio: 7.94, Forward P/E Ratio: 6.74, P/S Ratio: 2.25, P/B Ratio: 0.72, Dividend Yield: 3.36%.

General Dynamics (NYSE:GD) has a market capitalization of USD 23.79 billion and operates within the "Aerospace/Defense Products & Services" industry. These are the market ratios of the company: P/E Ratio: 9.60, Forward P/E Ratio: 8.74, P/S Ratio: 0.73, P/B Ratio: 1.72, Dividend Yield: 3.09%.

Erie Indemnity (NASDAQ:ERIE) has a market capitalization of USD 3.41 billion and operates within the "Insurance Brokers" industry. These are the market ratios of the company: P/E Ratio: 24.36, Forward P/E Ratio: 20.76, P/S Ratio: 0.68, P/B Ratio: 4.40, Dividend Yield: 3.09%.

American Water Works Company (NYSE:AWK) has a market capitalization of USD 6.04 billion and operates within the "Water Utilities" industry. These are the market ratios of the company: P/E Ratio: 19.37, Forward P/E Ratio: 16.40, P/S Ratio: 2.25, P/B Ratio: 1.42, Dividend Yield: 2.92%.

Medtronic (NYSE:MDT) has a market capitalization of USD 40.17 billion and operates within the "Medical Appliances & Equipment" industry. These are the market ratios of the company: P/E Ratio: 12.03, Forward P/E Ratio: 10.03, P/S Ratio: 2.48, P/B Ratio: 2.35, Dividend Yield: 2.69%.

Masco Corporation (NYSE:MAS) has a market capitalization of USD 4.95 billion and operates within the "General Building Materials" industry. These are the market ratios of the company: P/E Ratio: not calculable, Forward P/E Ratio: 21.67, P/S Ratio: 0.65, P/B Ratio: 8.67, Dividend Yield: 2.16%.

Monsanto (NYSE:MON) has a market capitalization of USD 44.16 billion and operates within the "Agricultural Chemicals" industry. These are the market ratios of the company: P/E Ratio: 20.69, Forward P/E Ratio: 19.30, P/S Ratio: 3.23, P/B Ratio: 3.61, Dividend Yield: 1.45%.

American Express (NYSE:AXP) has a market capitalization of USD 66.99 billion and operates within the "Credit Services" industry. These are the market ratios of the company: P/E Ratio: 13.93, Forward P/E Ratio: 12.18, P/S Ratio: 2.04, P/B Ratio: 3.41, Dividend Yield: 1.37%.

Source: The Best Dividends On July 3, 2012