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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 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 investors.

In this article, I will focus on small-cap stocks with a high dividend yield and an ex-dividend date within the next week (July 09 to June 13). These stocks are screened based on the following criteria:

  • Security Type: Common Stock

  • Market Cap: Between $250 million and $2 billion

  • Dividend Yield: Greater than or equal to 3.0%

  • Ex-Dividend Date: Between July 9, 2012, and July 13, 2012

1. Cellcom Israel Ltd (CEL): Cellcom Israel Ltd provides cellular communications services in Israel. It offers basic and advanced cellular telephone services, text and multimedia messaging services, and advanced cellular content and data services. Cellcom Israel Ltd has a market cap of $606.8 million and is currently trading around $6.10 with a 52 week range of $5.88 to $28.32. The dividend amount is 34 cents per share which is 27.49% dividend yield. The Ex-Dividend date is July 09, 2012, Record date is July 11, 2012 and the dividend payout date is July 26, 2012. The stock has fallen 63.91% year to date.

2. Consolidated Communications Holdings Inc (CNSL): Consolidated Communications, together with its subsidiaries, provides telecommunications services to residential and business customers in Illinois, Texas, and Pennsylvania. Consolidated Communications has a market cap of $443.3 million and is currently trading around $14.80 with a 52 week range of $13.66 to $20.02. The dividend amount is 38.738 cents per share which is 10.47% dividend yield. The Ex-Dividend date is July 11, 2012, Record date is July 13, 2012 and the dividend payout date is August 01, 2012. The stock has fallen 22.31% year to date.

3. Reitmans (Canada) Ltd (OTCPK:RTMAF): Reitmans operates as a ladies' wear specialty apparel retailer in Canada. Reitmans has a market cap of $621.7 million and is currently trading around $11.92 with a 52 week range of $11.92 to $16.92. The dividend amount is 20 cents per share which is 6.6% dividend yield. The Ex-Dividend date is July 10, 2012, Record date is July 12, 2012 and the dividend payout date is July 26, 2012. The stock has -17.74% returns for the year 2012.

4. Canyon Services Group Inc (OTC:CYSVF): Canyon Services Group, together with its subsidiaries, provides fracturing and chemical stimulation services to companies exploring for and developing petroleum and natural gas resources operating in the Western Canadian Sedimentary Basin. Canyon Services Group has a market cap of $596.0 million and is currently trading around $9.75 with a 52 week range of $7.46 to $16.96. The dividend amount is 15 cents per share which is 6.05% dividend yield. The Ex-Dividend date is July 10, 2012, Record date is July 12, 2012 and the dividend payout date is July 26, 2012. The stock has -16.03% returns for the year 2012.

5. Corus Entertainment Inc (OTCPK:CJREF): Corus Entertainment, a media and entertainment company, engages in the operation of radio stations and television networks in Canada and internationally. Corus Entertainment has a market cap of $1.89 billion and is currently trading around $22.57 with a 52 week range of $17.37 to $25.09. The dividend amount is 8 cents per share which is 4.18% dividend yield. The Ex-Dividend date is July 12, 2012, Record date is July 16, 2012 and the dividend payout date is July 31, 2012. The stock has gained 11.51% year to date.

6. City Holding Company (CHCO): City Holding Company operates as the bank holding company for City National Bank of West Virginia that provides various banking products and services. It offers various deposit products. City Holding Company has a market cap of $495.1 million and is currently trading around $33.69 with a 52 week range of $25.64 to $37.50. The dividend amount is 35 cents per share which is 4.16% dividend yield. The Ex-Dividend date is July 11, 2012, Record date is July 13, 2012 and the dividend payout date is July 31, 2012. The stock has -0.59% returns for the year 2012.

7. Tronox Incorporated (TROX): Tronox produces and markets titanium dioxide pigment in the United States and internationally. The company's titanium dioxide, a white pigment is used in a range of products for its ability to impart whiteness, brightness, and opacity. Tronox has a market cap of $1.80 billion and is currently trading around $120.72 with a 52 week range of $74.75 to $190.00. The dividend amount is 1.25 per share which is 4.14% dividend yield. The Ex-Dividend date is July 11, 2012, Record date is July 13, 2012 and the dividend payout date is August 13, 2012. The stock has 0.60% returns for the year 2012.

8. Harsco Corp (HSC): Harsco Corporation provides industrial services and engineered products primarily in the United States and the United Kingdom. The company operates in four segments: Harsco Metals and Minerals, Harsco Infrastructure, Harsco Rail, and Harsco Industrial. Harsco has a market cap of $1.64 billion and is currently trading around $20.38 with a 52 week range of $17.77 to $34.07. The dividend amount is 20.5 cents per share which is 4.02% dividend yield. The Ex-Dividend date is July 12, 2012, Record date is July 16, 2012 and the dividend payout date is August 15, 2012. The stock has -0.97% returns for the year 2012.

9. Commercial Metals Company (CMC): Commercial Metals Company engages in recycling, manufacturing, fabricating, and distributing steel and metal products, and related materials and services in the United States and internationally. Commercial Metals Company has a market cap of $1.47 billion and is currently trading around $12.64 with a 52 week range of $8.64 to $16.48. The dividend amount is 12 cents per share which is 3.8% dividend yield. The Ex-Dividend date is July 09, 2012, Record date is July 11, 2012 and the dividend payout date is July 25, 2012. The stock has fallen 8.60% year to date.

10. Mcgrath Rentcorp (MGRC): McGrath RentCorp, a diversified business to business rental company, engages in the rental and sale of relocatable modular buildings, electronic test equipment, and liquid and solid containment tanks and boxes primarily in the United States and Canada. McGrath RentCorp has a market cap of $656.2M and is currently trading around $26.50 with a 52 week range of $21.61 to $33.35. The dividend amount is 23.5 cents per share which is 3.55% dividend yield. The Ex-Dividend date is July 13, 2012, Record date is July 17, 2012 and the dividend payout date is July 31, 2012. The stock has -8.59% returns for the year 2012.

11. Methode Electronics Inc (MEI): Methode Electronics, Inc. engages in the design and manufacture of electro-mechanical devices in North America, Europe, and the Asia-Pacific. Methode Electronics has a market cap of $315.2M and is currently trading around $8.51 with a 52 week range of $6.94 to $11.77. The dividend amount is 7 cents per share which is 3.29% dividend yield. The Ex-Dividend date is July 11, 2012, Record date is July 13, 2012 and the dividend payout date is July 27, 2012. The stock has risen 2.65% year to date.

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

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: Small Caps Yielding +3% Going Ex-Dividend The 2nd Week Of July