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There are many different strategies to trade and one of them is to look for dividend stocks. Dividend stocks are proving increasingly attractive to investors these days due to the decline in interest rates. 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 30 to August 3). 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 3%
  • Ex-Dividend Date: Between July 30, 2012 and August 3, 2012

1. Bank Of Montreal (BMO): Bank of Montreal, together with its subsidiaries, provides various retail banking, wealth management, and investment banking products and services in North America and internationally. Bank of Montreal has a market cap of $37.1 billion and is currently trading around $56.24 with a 52 week range of $50.95 to $65.71. The dividend amount is 70 cents per share which is 4.82% dividend yield. The Ex-Dividend date is July 30, 2012, Record date is August 01, 2012 and the dividend payout date is August 28, 2012. The stock has 4.71% returns for the year 2012.

2. FirstEnergy Corporation (FE): FirstEnergy Corporation operates as a diversified energy company. The company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. FirstEnergy Corp has a market cap of $21.1 billion and is currently trading around $49.40 with a 52 week range of $38.77 to $50.65. The dividend amount is 55 cents per share which is 4.37% dividend yield. The Ex-Dividend date is August 03, 2012, Record date is August 07, 2012 and the dividend payout date is September 01, 2012. The stock has 13.7% returns for the year 2012.

3. The Southern Company (SO): The Southern Company operates as an electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources. Southern Company has a market cap of $41.5 billion and is currently trading around $47.11 with a 52 week range of $35.73 to $48.45. The dividend amount is 49 cents per share which is 4.1% dividend yield. The Ex-Dividend date is August 02, 2012, Record date is August 06, 2012 and the dividend payout date is September 06, 2012. The stock has 3.2% returns for the year 2012.

4. Paychex Inc (PAYX): Paychex provides payroll, human resource, and benefits outsourcing solutions for small to medium sized businesses. Paychex has a market cap of $11.8 billion and is currently trading around $31.98 with a 52 week range of $25.12 to $33.40. The dividend amount is 32 cents per share which is 3.95% dividend yield. The Ex-Dividend date is July 30, 2012, Record date is August 01, 2012 and the dividend payout date is August 15, 2012. The stock has 7.71% returns for the year 2012.

5. Pfizer Inc (PFE): Pfizer is a biopharmaceutical company, engages in the discovery, development, manufacture, and sale of medicines for people and animals worldwide. Pfizer has a market cap of $177.5 billion and is currently trading around $23.38 with a 52 week range of $16.63 to $23.87. The dividend amount is 22 cents per share which is 3.71% dividend yield. The Ex-Dividend date is August 01, 2012, Record date is August 03, 2012 and the dividend payout date is September 05, 2012. The stock has 9.52% 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: Large Caps With Over 3% Yields Going Ex-Dividend Next Week