NEW YORK ( TheStreet) -- TheStreet's David Peltier said Monday there are some dividend-paying stocks that may be ripe for buying -- specifically BB&T ( BBT), a regional banking firm that has been doing extremely well this year.

Although the stock is up 14% on the year, Peltier said he likes the dividend yield being near the high end of the industry range at 2.8% after the bank hiked its payout earlier this year.

However, he says the stock, along with the rest of the financial sector, should pull back from $33 to around $31. At these levels the stock will yield closer to 3%.

He concluded that investors should "take a pass on it now, but keep this one on the watchlist."

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola's Weekly Options Newsletter. Focuses on short- to intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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