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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 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 mid-cap stocks with a high dividend yield (above 2%) and their ex-dividend date within the next week (July 9 to July 13). 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 2%

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

1. SAIC Inc (SAI): SAIC, Inc. provides scientific, engineering, systems integration, and technical services and solutions to agencies of the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. SAIC has a market cap of $4.14 billion and is currently trading around $12.12 with a 52 week range of $10.31 to $17.03. The dividend amount is 12 cents per share which is 3.96% dividend yield. The Ex-Dividend date is July 12, 2012, Record date is July 16, 2012 and the dividend payout date is July 30, 2012. The stock has -1.38% returns for the year 2012.

2. Waddell & Reed Financial Inc (WDR): Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. Waddell & Reed Financial has a market cap of $2.61 billion and is currently trading around $30.28 with a 52 week range of $22.85 to $40.04. The dividend amount is 25 cents per share which is 3.3% dividend yield. The Ex-Dividend date is July 09, 2012, Record date is July 11, 2012 and the dividend payout date is August 01, 2012. The stock has 22.24% returns for the year 2012.

3. Foot Locker Inc (FL): Foot Locker, Inc., together with its subsidiaries, operates as a retailer of athletic footwear and apparel. The company operates in two segments, Athletic Stores and Direct-to-Customers. Foot Locker has a market cap of $4.64 billion and is currently trading around $30.58 with a 52 week range of $16.66 to $33.29. The dividend amount is 18 cents per share which is 2.35% 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 28.27% returns for the year 2012.

4. Jefferies Group Inc (JEF): Jefferies Group, Inc., together with its subsidiaries, operates as a securities and investment banking company in the Americas, Europe, and Asia. It operates in two segments, Capital Markets and Asset Management. Jefferies Group has a market cap of $2.65 billion and is currently trading around $12.99 with a 52 week range of $9.50 to $21.37. The dividend amount is 7.5 cents per share which is 2.31% 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 -5.53% returns for the year 2012.

5. IDEX Corporation (IEX): IDEX Corporation manufactures and sells various pumps, flow meters, other fluidics systems and components, and engineered products worldwide. IDEX Corporation has a market cap of $3.28 billion and is currently trading around $38.98 with a 52 week range of $29.29 to $47.28. The dividend amount is 20 cents per share which is 2.05% 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 5.04% returns 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.

Source: Mid Caps With +2% Yields Going Ex-Dividend The 2nd Week Of July