D-Day Diary of a Dividend Diva

 | Jun 19, 2013 | 9:00 AM EDT  | Comments
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Stock quotes in this article:

pm

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dow

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krft

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cm

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nue

I point out from time to time some upcoming bursts of attractive dividends that I call "Dividend D-Days". The dividend D-day represents an attractive day to book a lot of income, with so many good dividends hitting at one time. The next D-day is June 26, so I figured I should point it out now, giving you a few trading days to build your positions.

The table below shows the upcoming dividends for that day. I will admit I cheated and also included two coming on June 25 -- mainly because one is Philip Morris International (PM), one of my favorites. The tobaccos are always a good group to rotate through, because the yields are fairly good but they also trade well.

Of the long list of names coming on June 26, right now I am playing Dow Chemical (DOW) and Kraft Foods (KRFT). Dow is a little more risky as a cyclical, but the consumer staple names such as Kraft are always pretty safe, because the trading is usually not too volatile. You could also look at the Canadian Imperial Bank of Commerce (CM), which has a nice, fat 1.22% dividend coming. But U.S. investors should remember that you will lose around 28% to withholding taxes. Nucor Corp. (NUE) is sizable, but I am more concerned with how the steel/mineral names trade -- they have too much downside risk -- so I am avoiding that one.

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