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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 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 stocks with a high dividend yield and their ex-dividend date within the next week (July 16 to July 20). These stocks are screened based on the following criteria:

  • Security Type: Common Stock

  • Market Cap: Greater than $250 million

  • Dividend Yield: Greater than or equal to 2%

  • Ex-Dividend Date: Between July 16, 2012 and July 20, 2012

1. Comtech Telecommunications Corp (CMTL): Comtech Telecommunications designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. Comtech has a market cap of $524.8 million and is currently trading around $29.22 with a 52-week range of $24.04 to $35.65. The dividend amount is 27.5 cents per share, which is 3.77% dividend yield. The Ex-Dividend date is July 18, 2012, Record date is July 20, 2012 and the dividend payout date is August 20, 2012. The stock has 2.1% returns for the year 2012.

2. A. Schulman Inc (SHLM): A. Schulman supplies plastic compounds and resins for packaging, consumer products, industrial, and automotive applications. A. Schulman has a market cap of $597.4 million and is currently trading around $20.24 with a 52-week range of $16.16 to $28.00. The dividend amount is 19 cents per share, which is 3.76% dividend yield. The Ex-Dividend date is July 18, 2012, Record date is July 20, 2012 and the dividend payout date is August 01, 2012. The stock has -4.44% returns for the year 2012.

3. The Washington Post Co (WPO): The Washington Post Company, together with its subsidiaries, operates as a diversified education and media company in the United States and internationally. Washington Post has a market cap of $2.8 billion and is currently trading around $368.5 with a 52-week range of $308.50 to $430.86. The dividend amount is 2.45 per share, which is 2.66% dividend yield. The Ex-Dividend date is July 19, 2012, Record date is July 23, 2012 and the dividend payout date is August 03, 2012. The stock has -2.21% returns for the year 2012.

4. Cracker Barrel Old Country Store Inc (CBRL): Cracker Barrel Old Country Store, through its subsidiaries, engages in the development and operation of the Cracker Barrel Old Country Store restaurant and retail concept in the United States. Cracker Barrel Old Country Store has a market cap of $1.5 billion and is currently trading around $62.76 with a 52-week range of $37.31 to $63.29. The dividend amount is 40 cents per share, which is 2.55% dividend yield. The Ex-Dividend date is July 18, 2012, Record date is July 20, 2012 and the dividend payout date is August 06, 2012. The stock has 24.5% returns for the year 2012.

5. Caterpillar Inc (CAT): Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $55.2 billion and is currently trading around $84.61 with a 52-week range of $67.54 to $116.95. The dividend amount is 52 cents per share, which is 2.46% dividend yield. The Ex-Dividend date is July 18, 2012, Record date is July 20, 2012 and the dividend payout date is August 20, 2012. The stock has -6.61% returns for the year 2012.

6. Xyratex Ltd (XRTX): Xyratex Ltd provides modular solutions for the enterprise data storage industry and hard disk drive (HDD) capital equipment for the HDD industry. Xyratex has a market cap of $349.2 million and is currently trading around $12.43 with a 52-week range of $7.58 to $17.96. The dividend amount is 7.5 cents per share, which is 2.42% dividend yield. The Ex-Dividend date is July 17, 2012, Record date is July 19, 2012 and the dividend payout date is August 01, 2012. The stock has -6.76% returns for the year 2012.

7. Hormel Foods Corp (HRL): Hormel Foods Corporation engages in the production and marketing of various meat and food products. Its meat products include fresh, frozen, cured, smoked, cooked, and canned meat. Hormel Foods has a market cap of $7.9 billion and is currently trading around $29.95 with a 52-week range of $25.87 to $30.70. The dividend amount is 15 cents per share, which is 2% dividend yield. The Ex-Dividend date is July 19, 2012, Record date is July 23, 2012 and the dividend payout date is August 15, 2012. The stock has 2.25% returns for the year 2012.

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

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: Stocks With +2% Yields Going Ex-Dividend The 3rd Week Of July