Diary of a Dividend Diva: STX, CA, MXIM, LTD, AVP

 | Aug 08, 2012 | 8:00 AM EDT  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

stx

,

ca

,

mxim

,

ltd

,

avp

I am "down under" in Australia for the balance of the week, after a grueling 33 hours of travel from Chicago to Perth. Accordingly, I will keep it brief this morning, and will quickly go over some upcoming dividends. We are getting into the meat of dividend season, as we always do post-earnings season, so there are plenty to discuss.

First, though, I wanted to point out that I've taken a sampling the prices of everyday goods in Sydney and Perth -- and it confirms that Australia is sustaining the value of its currency. Meanwhile, we in the U.S. are slowly devaluing ours. Given the progressively worsening debt problem the U.S. faces -- as I wrote about last week -- I am looking for the best foreign currencies in which to diversify. I like the commodity-driven economies, such as those of Australia and Canada, since commerce will thrive here as commodity prices rise against a falling U.S. dollar.

Now, let's take a peek at the plethora of forthcoming dividends that can be captured. Tech stocks have struggled, since they are somewhat cyclical, but you can play Seagate (STX), CA (CA), and Maxim Integrated Circuits (MXIM). With Seagate, keep in mind my warning from last month: The earnings momentum is gone in this name, so we are owning it strictly for the dividend. Don't get lulled into owning it beyond that. Similarly, Maxim has a nice payout but all the semiconductor names are rolling over, so in-and-out is your modus operandi here. The software name CA has an attractive payout.

Seagate and CA go ex-dividend on Aug. 10, while Maxim pays on Aug. 20.

In consumer land, I mentioned the special coming up from Limited (LTD), which equates to 5%. Avon (AVP) will also pay a juicy 1.4%, but keep in mind that Avon does not have the fundamental momentum that Limited does -- so Avon is strictly a rental, while Limited you can hold. Limited goes ex- on Aug. 21, while Avon will pay on Aug. 13.

Columnist Conversations

The DBC is surging again today. Yesterday the commodity index jumped 3.6% closing above an overhead trend...
What is the purpose of Fed Transparency if it isn't too add some level of certainty? As Time Magazine wrote "...
Wish you had brought some cooler weather with you, we're in a sauna here.
Out on the West Coast -- not in on Monday. So Monday's "Trade of the Week" coming up today in my Diary now. Sh...

BEST IDEAS

REAL MONEY'S BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.