Brett Owens is a leading on income investing; the editor of the industry-leading Contrarian Outlook ...
A Dividend Dozen
08/10/2016 9:00 am EST
Historically, stocks with high dividend yields have been much cheaper than those that pay no dividends. These days, not so much, explains Richard Moroney, editor of Dow Theory Forecasts.
Among S&P 1500 Index stocks, the top quintile (one-fifth) of dividend payers as measured by yield averages a Quadrix Value score of 56, well below the average of 67 since 1994.
At this point, you might be wondering where you can find high-quality stocks that pay a decent yield. Well, look no further than this list below.
All 12 of the stocks presented yield enough to qualify for one of the top two quintiles of the S&P 1500’s dividend-payers and also earn Value scores of at least 70.
In addition, most of the stock including in the list below have delivered growth superior to that of the typical high-yielding stock over the last 12 months.
Below we present 12 dividend-paying stocks with attractive valuations:
AT&T (T) — yielding 4.5%
Banc of California (BANC) — yielding 2.7%
Boeing (BA) — yielding 3.4%
Ciner Resources (CINR) — yielding 7.4%
Cisco Systems (CSCO) — yielding 3.6%
Ford Motor (F) — yielding 4.8%
General Motors (GM) — yielding 5.4%
J.P. Morgan Chase (JPM) — yielding 3.2%
Magna International (MGA) — yielding 3.0%
Pacific Continental (PCBK) — yielding 2.8%
Summit Hotel Properties (INN) — yielding 4.0%
Verizon Communications (VZ) — yielding 4.0%
Each of the stocks pays a yield that would qualify for either the top quintile (one-fifth) or the second-highest quintile of the S&P 1500 Index's dividend-payers. We also required yields higher than the average for the company’s sector and industry.
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