If you are unfamiliar with the concept of 'buying dividends', you should check out my previous article called Buying Dividends. But basically the technique is buying stocks shortly before they go ex-dividend and selling after the ex-dividend date at break even or at a slight profit, but taking advantage of the fact that you earn the dividend with your money tied up for just a very short period of time.
The following stocks all go ex-dividend next week, have yields of 5% or greater, P/E's below 25, and PEG ratios below 2.0.
Cherokee Inc. (CHKE) 5/28/2008 10.2% PE: 16.0 PEG: 1.60
Great Plains Energy Incorporated (GXP) 5/28/2008 6.3% PE: 12.5 PEG: 1.92
The Blackstone Group L.P. (BX) 5/28/2008 6.0% PE: 21.1 PEG: 1.19
Briggs & Stratton Corporation (BGG) 5/29/2008 5.6% PE: 20.7 PEG: 1.97
SunTrust Banks, Inc. (STI) 5/29/2008 5.5% PE: 14.4 PEG: 1.74
Marshall & Ilsley Corporation (MI) 5/28/2008 5.0% PE: 15.3 PEG: 1.88
France Telecom SA ADR (FTE) 5/29/2008 5.0% PE: 8.7 PEG: 0.70
Author does not own any of the above.
By Fred Fuld at Stockerblog.com