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 9 to July 13). 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 2.5%
Ex-Dividend Date: Between July 9, 2012 and July 13, 2012
1. Freeport-McMoRan Copper & Gold Inc (FCX): Freeport-McMoRan Copper & Gold engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, such as rhenium and magnetite. Freeport-McMoRan Copper & Gold has a market cap of $32.34 billion and is currently trading around $34.07 with a 52 week range of $28.85 to $56.78. The dividend amount is 31.25 cents per share which is 3.67% 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 -7.39% returns for the year 2012.
2. Abbott Laboratories (ABT): Abbott Laboratories engages in the discovery, development, manufacture, and sale of health care products worldwide. Abbott Laboratories has a market cap of $101.44 billion and is currently trading around $64.47 with a 52 week range of $46.29 to $64.47. The dividend amount is 51 cents per share which is 3.16% dividend yield. The Ex-Dividend date is July 11, 2012, Record date is July 13, 2012 and the dividend payout date is August 15, 2012. The stock has 14.65% returns for the year 2012.
3. Marsh & Mclennan Companies Inc (MMC): Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions in the areas of risk, strategy, and human capital. It operates in two segments, Risk and Insurance Services, and Consulting. Marsh & McLennan Companies has a market cap of $17.6 billion and is currently trading around $32.23 with a 52 week range of $25.29 to $34.68. The dividend amount is 23 cents per share which is 2.85% dividend yield. The Ex-Dividend date is July 09, 2012, Record date is July 11, 2012 and the dividend payout date is August 15, 2012. The stock has 1.93% 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.