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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 mid-cap stocks with a high dividend yield (above 3%) and their ex-dividend date within the next week (July 30 to August 3). 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 3%

  • Ex-Dividend Date: Between July 30, 2012 and August 3, 2012

1. People's United Financial Inc (PBCT): People's United Financial operates as the bank holding company for People's United Bank that provides commercial banking, retail and business banking, and wealth management services to individual, corporate, and municipal customers. People's United Financial has a market cap of $4.1B and is currently trading around $11.51 with a 52 week range of $10.50 to $13.79. The dividend amount is 16 cents per share which is 5.56% 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 fallen 10.43% for the year 2012.

2. Hasbro Inc (HAS): Hasbro engages in the provision of children's and family leisure time products and services worldwide. Hasbro has a market cap of $4.4B and is currently trading around $34.96 with a 52 week range of $31.36 to $40.78. The dividend amount is 36 cents per share which is 4.26% 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 6.11% returns for the year 2012.

3. CMS Energy Corp (CMS): CMS Energy operates as an energy company primarily in Michigan. CMS Energy has a market cap of $6.4B and is currently trading around $24.12 with a 52 week range of $16.96 to $24.67. The dividend amount is 24 cents per share which is 3.91% dividend yield. The Ex-Dividend date is August 01, 2012, Record date is August 03, 2012 and the dividend payout date is August 31, 2012. The stock has 11.14% returns for the year 2012.

4. Pinnacle West Capital Corp (PNW): Pinnacle West Capital Corp, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. Pinnacle West Capital Corporation has a market cap of $5.9B and is currently trading around $52.86 with a 52 week range of $37.28 to $53.87. The dividend amount is 52.5 cents per share which is 3.91% dividend yield. The Ex-Dividend date is July 30, 2012, Record date is August 01, 2012 and the dividend payout date is September 04, 2012. The stock has 11.58% returns for the year 2012.

5. Emera Inc (OTCPK:EMRAF): Emera engages in the generation, transmission, and distribution of electricity to various customers. The company generates electricity through coal, oil, natural gas, hydro, and wind energy sources. Emera has a market cap of $4.3B and is currently trading around $34.24 with a 52 week range of $28.12 to $35.69. The dividend amount is 33.75 cents per share which is 3.84% 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 7.22% returns for the year 2012.

6. MeadWestvaco Corporation (MWV): MeadWestvaco provides packaging solutions to the healthcare, beauty and personal care, food, beverage, tobacco, and home and garden industries worldwide. MeadWestvaco has a market cap of $5.0B and is currently trading around $27.92 with a 52 week range of $22.75 to $33.39. The dividend amount is 25 cents per share which is 3.44% dividend yield. The Ex-Dividend date is July 30, 2012, Record date is August 01, 2012 and the dividend payout date is September 03, 2012. The stock has fallen 2.94% for the year 2012.

7. IDACORP Inc (IDA): IDACORP, through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, sale, and purchase of electric energy in the United States. IDACORP has a market cap of $2.2B and is currently trading around $41.90 with a 52 week range of $33.88 to $43.64. The dividend amount is 33 cents per share which is 3.07% dividend yield. The Ex-Dividend date is August 02, 2012, Record date is August 06, 2012 and the dividend payout date is August 30, 2012. The stock has 1.41% 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: Mid Caps With +3% Yields Going Ex-Dividend Next Week