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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 23 to July 27). 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 3%

  • Ex-Dividend Date: Between July 23, 2012 and July 27, 2012

1. Superior Plus Corp (OTC:SUUIF): Superior Plus Corp., through its subsidiary, Superior Plus LP, engages in the distribution and retail sale of propane, refined fuels, propane consuming equipment, and related services in Canada and the United States. Superior Plus Corp has a market cap of $705.5M and is currently trading around $6.32 with a 52 week range of $5.14 to $11.93. The dividend amount is 5 cents per share which is a 9.32% dividend yield. The Ex-Dividend date is July 27, 2012, Record date is July 31, 2012 and the dividend payout date is August 15, 2012. The stock has 12.14% returns for the year 2012.

2. Wajax Corp (OTC:WJXFF): Wajax Corporation, through its subsidiaries, engages in the sale and after-sales parts, and service support of mobile equipment, industrial components, and power systems. Wajax has a market cap of $798.0M and is currently trading around $47.78 with a 52 week range of $26.67 to $50.88. The dividend amount is 27 cents per share which is a 6.66% dividend yield. The Ex-Dividend date is July 27, 2012, Record date is July 31, 2012 and the dividend payout date is August 20, 2012. The stock has 29.3% returns for the year 2012.

3. Pembina Pipeline Corp (PBA): Pembina Pipeline Corporation operates as an energy transportation and service provider company in Canada. The company operates in four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Midstream & Marketing, and Gas Services. Pembina Pipeline Corp has a market cap of $7.4B and is currently trading around $26.16 with a 52 week range of $21.15 to $30.93. The dividend amount is 13.5 cents per share which is a 6.12% dividend yield. The Ex-Dividend date is July 23, 2012, Record date is July 25, 2012 and the dividend payout date is August 15, 2012. The stock has -10.91% returns for the year 2012.

4. Scottish And Southern Energy Plc (OTCPK:SSEZY): SSE plc, through its subsidiaries, engages in the generation, transmission, distribution, and supply of electricity in the United Kingdom and Ireland. SSE plc has a market cap of $21.1B and is currently trading around $22.09 with a 52 week range of $19.00 to $23.27. The dividend amount is 86.23 cents per share which is a 5.33% dividend yield. The Ex-Dividend date is July 25, 2012, Record date is July 27, 2012 and the dividend payout date is September 21, 2012 (subject to shareholder approval). The stock has 11.15% returns for the year 2012.

5. Altagas Ltd (OTCPK:ATGFF): AltaGas Ltd., a diversified energy infrastructure company, engages in gas, power, and utilities businesses in Canada and the northern and western United States. AltaGas has a market cap of $2.6B and is currently trading around $28.7 with a 52 week range of $23.70 to $32.60. The dividend amount is 11.5 cents per share which is a 4.78% dividend yield. The Ex-Dividend date is July 23, 2012, Record date is July 25, 2012 and the dividend payout date is August 15, 2012. The stock has -9.29% returns for the year 2012.

6. Royal Bank Of Canada (RY): Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services under the RBC name worldwide. Royal Bank of Canada has a market cap of $74.0B and is currently trading around $51.73 with a 52 week range of $41.40 to $59.60. The dividend amount is 57 cents per share which is a 4.37% dividend yield. The Ex-Dividend date is July 24, 2012, Record date is July 26, 2012 and the dividend payout date is August 24, 2012. The stock has 0.61% returns for the year 2012.

7. Ci Financial Corp (OTCPK:CIFAF): CI Financial Corp is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. CI Financial Corp has a market cap of $6.1B and is currently trading around $21.66 with a 52 week range of $18.85 to $24.64. The dividend amount is 8 cents per share which is a 4.35% dividend yield. The Ex-Dividend date is July 27, 2012, Record date is July 31, 2012 and the dividend payout date is August 15, 2012. The stock has 4.13% returns for the year 2012.

8. Nisource Inc (NI): NiSource Inc., an energy holding company, through its subsidiaries, provides natural gas, electricity, and other products and services. NiSource has a market cap of $7.0B and is currently trading around $25.15 with a 52 week range of $17.95 to $25.79. The dividend amount is 24 cents per share which is a 3.89% dividend yield. The Ex-Dividend date is July 27, 2012, Record date is July 31, 2012 and the dividend payout date is August 20, 2012. The stock has 3.65% returns for the year 2012.

9. Northwest Natural Gas Co (NWN): Northwest Natural Gas Company stores and distributes natural gas primarily in Oregon, Washington, and California. Northwest Natural Gas Company has a market cap of $1.3B and is currently trading around $47.29 with a 52 week range of $39.63 to $49.49. The dividend amount is 44.5 cents per share which is a 3.77% dividend yield. The Ex-Dividend date is July 27, 2012, Record date is July 31, 2012 and the dividend payout date is August 15, 2012. The stock has -1.5% returns for the year 2012.

10. The Clorox Company (CLX): Clorox manufactures and markets consumer and institutional products worldwide. Clorox has a market cap of $9.4B and is currently trading around $73.08 with a 52 week range of $63.06 to $75.44. The dividend amount is 64 cents per share which is a 3.54% dividend yield. The Ex-Dividend date is July 23, 2012, Record date is July 25, 2012 and the dividend payout date is August 10, 2012. The stock has 8.77% returns for the year 2012.

11. Black Diamond Group Ltd (OTC:BDIMF): Black Diamond Group rents modular structures for use as workforce accommodation and temporary work space; and oilfield equipment for the exploration and production of oil and gas. Black Diamond Group has a market cap of $857.4M and is currently trading around $21.86 with a 52 week range of $11.52 to $31.30. The dividend amount is 6 cents per share which is a 3.15% dividend yield. The Ex-Dividend date is July 27, 2012, Record date is July 31, 2012 and the dividend payout date is August 15, 2012. The stock has 27.29% returns for the year 2012.

12. Healthcare Services Group Inc (HCSG): Healthcare Services Group, Inc., together with its subsidiaries, provides housekeeping, laundry, linen, facility maintenance, and dietary services to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. Healthcare Services Group has a market cap of $1.4B and is currently trading around $21.43 with a 52 week range of $12.16 to $22.08. The dividend amount is 16.375 cents per share which is a 3.08% dividend yield. The Ex-Dividend date is July 25, 2012, Record date is July 27, 2012 and the dividend payout date is August 24, 2012. The stock has 20.07% 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 +3% Yields Going Ex-Dividend The 4th Week Of July