Big Dividends Outweighing Big Data

 | Feb 14, 2014 | 1:30 PM EST  | Comments
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Stock quotes in this article:

mat

,

mxim

,

ca

,

msft

,

lb

,

rig

,

cna

,

mchp

,

symc

 One side benefit of January's correction is that many dividend stocks whose yields were starting to get puny are now moving back into the "accidental high yield" category.

Next week is a classic "dividend D-day" week with a bunch of attractive dividends coming -- so prepare your trading account -- but what stands out are some really large dividends.

*

 L Brands (LB) paying out 2.4% is a home run for dividend traders. This is the old Limited, which I  coronated as one of my dividend champions  back in 2012 due to their shareholder-friendly payout policy. They are still going strong, returning cash to owners. This payout is the regular dividend plus a dollar per share special.

Oilfield services name Transocean Ltd (RIG) also  is showing some new year generosity, paying 1.28%. That dividend is the fourth in an "installment plan", as they are calling it. The percent yield is higher now than last spring when the installments started due to a decline in the stock -- an accidental yielder.

CNA Financial (CNA) is offering a fat 2.94% payout later next week, which in contrast is not an accidental high yield. The stock has rallied impressively for the last year, up 31%, but cash flow has kept pace. CNA increased its regular dividend 25% and also is paying a $1 special. 

Beyond those exceptionally large dividends, a whole slew of attractively-sized payouts are on the way. I highlighted many in the table. Technology is prolific next week, with dividends from Maxim (MXIM), CA (CA), Microsoft (MSFT), Microchip (MCHP) and Symantec (SYMC). I play all of them regularly and have positions open, or about to open, now.

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