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Here is a current overview of the best yielding stocks with a market capitalization of over $2 billion that have their ex-dividend date on the next trading day. So if your broker settles your trade today, you will receive the next dividend. A full list of all stocks with ex-dividend date can be found here: Ex-Dividend Stocks on September 05, 2012. In total, 68 stocks and preferred shares go ex-dividend - of which 34 yield more than 3 percent. The average yield amounts to 3.23%.

The ex-dividend date is a major date related to the payment of dividends. If you purchase a stock on its ex-dividend date or later, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend. It is important that your broker settles your trade before the ex-dividend date.

These are the results of the best yielding stocks:

Frontier Communications (FTR) has a market capitalization of USD 4.61 billion and operates within the Domestic Telecom Services industry. These are the market ratios of the company: P/E Ratio: 42.00, Forward P/E Ratio: 17.11, P/S Ratio: 0.90, P/B Ratio: 1.07, Dividend Yield: 8.66%.

Gannett Co. (GCI) has a market capitalization of USD 3.53 billion and operates within the Publishing Newspapers industry. These are the market ratios of the company: P/E Ratio: 9.03, Forward P/E Ratio: 7.03, P/S Ratio: 0.68, P/B Ratio: 1.49, Dividend Yield: 5.24%.

China Petroleum & Chemical (SNP) has a market capitalization of USD 81.72 billion and operates within the Major Integrated Oil & Gas industry. These are the market ratios of the company: P/E Ratio: 7.36, Forward P/E Ratio: 6.42, P/S Ratio: 0.21, P/B Ratio: 1.07, Dividend Yield: 5.05%.

Westar Energy (WR) has a market capitalization of USD 3.68 billion and operates within the Diversified Utilities industry. These are the market ratios of the company: P/E Ratio: 14.63, Forward P/E Ratio: 14.07, P/S Ratio: 1.67, P/B Ratio: 1.32, Dividend Yield: 4.53%.

Public Service Enterprise Group (PEG) has a market capitalization of USD 16.02 billion and operates within the Diversified Utilities industry. These are the market ratios of the company: P/E Ratio: 12.08, Forward P/E Ratio: 13.19, P/S Ratio: 1.57, P/B Ratio: 1.51, Dividend Yield: 4.49%.

Waste Management (WM) has a market capitalization of USD 16.03 billion and operates within the Waste Management industry. These are the market ratios of the company: P/E Ratio: 17.55, Forward P/E Ratio: 14.53, P/S Ratio: 1.17, P/B Ratio: 2.60, Dividend Yield: 4.11%.

BHP Billiton (BBL) has a market capitalization of USD 156.44 billion and operates within the Industrial Metals & Minerals industry. These are the market ratios of the company: P/E Ratio: 10.19, Forward P/E Ratio: 9.36, P/S Ratio: 2.17, P/B Ratio: 2.37, Dividend Yield: 3.81%.

Kimberly-Clark Corporation (KMB) has a market capitalization of USD 33.01 billion and operates within the Personal Products industry. These are the market ratios of the company: P/E Ratio: 18.41, Forward P/E Ratio: 15.04, P/S Ratio: 1.57, P/B Ratio: 6.07, Dividend Yield: 3.54%.

BHP Billiton (BHP) has a market capitalization of USD 175.15 billion and operates within the Industrial Metals & Minerals industry. These are the market ratios of the company: P/E Ratio: 11.40, Forward P/E Ratio: 8.53, P/S Ratio: 2.43, P/B Ratio: 2.66, Dividend Yield: 3.40%.

SLM Corporation (SLM) has a market capitalization of USD 7.39 billion and operates within the Credit Services industry. These are the market ratios of the company: P/E Ratio: 9.66, Forward P/E Ratio: 6.76, P/S Ratio: 1.21, P/B Ratio: 1.50, Dividend Yield: 3.17%.

Harris (HRS) has a market capitalization of USD 5.33 billion and operates within the Communication Equipment industry. These are the market ratios of the company: P/E Ratio: 9.90, Forward P/E Ratio: 8.91, P/S Ratio: 0.98, P/B Ratio: 2.72, Dividend Yield: 3.15%.

Genuine Parts (GPC) has a market capitalization of USD 9.80 billion and operates within the Auto Parts Wholesale industry. These are the market ratios of the company: P/E Ratio: 16.45, Forward P/E Ratio: 14.42, P/S Ratio: 0.76, P/B Ratio: 3.35, Dividend Yield: 3.13%.

Baxter International (BAX) has a market capitalization of USD 32.11 billion and operates within the Medical Instruments & Supplies industry. These are the market ratios of the company: P/E Ratio: 14.42, Forward P/E Ratio: 12.02, P/S Ratio: 2.29, P/B Ratio: 4.91, Dividend Yield: 3.07%.

Source: The 13 Best Dividends From Higher Capitalized Stocks On September 5, 2012