High Dividend Stock Picking Ideas
- 13 Comment
I know that it is always interesting to get a full throughout analysis on a high dividend paying stock but I thought of searching through the highest paying dividend stocks of the S&P 500.
I have used the following filters to produce this dividend stock list:
- Dividend yield over 3%
- Stock price over $10.00
- Payout Ratio under 60%
While you could do this kind of filter with financial websites, it’s always handy to have the list done for you 
. Please note that price, dividend yield and dividend payout ratio are as of August 11th 2010.
Ticker Name Price Dividend Yield Payout Ratio
CINF Cincinnati Financial Corp 27.41 5.76 59.03
AEE Ameren Corp 27.25 5.65 55.23
LLY Eli Lilly & Co 37.36 5.25 49.74
EXC Exelon Corp 42.24 4.97 51.29
HCBK Hudson City Bancorp Inc 12.07 4.97 54.7
CMS CMS Energy Corp 17.02 4.94 57.58
AEP American Electric Power Co Inc 35.89 4.68 55.65
FII Federated Investors Inc 21.49 4.46 49.79
PFE Pfizer Inc 16.32 4.41 57.06
MRK Merck & Co Inc 35.28 4.31 27.89
PEG Public Service Enterprise Group Inc 32.31 4.24 42.27
ETR Entergy Corp 78.72 4.22 46.86
HRB H&R Block Inc 14.65 4.09 41.09
KMB Kimberly-Clark Corp 65.87 4.01 52.87
OKE Oneok Inc 46.34 3.97 56.56
PCG PG&E Corp 45.82 3.97 41.64
HNZ HJ Heinz Co 45.54 3.95 58.04
COP ConocoPhillips 56.74 3.88 58.3
KFT Kraft Foods Inc 30.23 3.84 56.77
NEE NextEra Energy Inc 53.3 3.75 47.33
EIX Edison International 33.83 3.72 47.41
WM Waste Management Inc 34.23 3.68 57.24
CVX Chevron Corp 78.76 3.66 50.55
JNJ Johnson & Johnson 59.02 3.66 43.42
CAG ConAgra Foods Inc 22.35 3.58 46.82
NU Northeast Utilities 29 3.54 49.33
ABT Abbott Laboratories 50.98 3.45 43.09
LMT Lockheed Martin Corp 74.07 3.4 30.03
MAT Mattel Inc 22.31 3.37 51.32
HD Home Depot Inc 28.2 3.35 58.21
CLX Clorox Co 66.09 3.33 47.69
GIS General Mills Inc 33.76 3.32 42.06
ADP Automatic Data Processing Inc 41.29 3.3 55.97
RTN Raytheon Co 46.05 3.26 24.74
SYY Sysco Corp 31.02 3.22 52.79
NOC Northrop Grumman Corp 58.7 3.2 34.27
CEG Constellation Energy Group Inc 30.11 3.19 4.33
KLAC KLA-Tencor Corp 31.49 3.18 48.24
K Kellogg Co 51.14 3.17 45.05
PG Procter & Gamble Co/The 60.87 3.17 48.48
KO Coca-Cola Co/The 56.89 3.09 55.69
MHP McGraw-Hill Cos Inc/The 30.73 3.06 39.4
CPB Campbell Soup Co 36.28 3.03 48.77
MCD McDonald's Corp 72.5 3.03 49.2
VFC VF Corp 79.35 3.03 56.72
DRI Darden Restaurants Inc 42.38 3.02 34.4
SRE Sempra Energy 52.02 3 34.23
Is there any other filters you would like me to apply and post a new chart later on?
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13 Comments on this post
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Ryan said:
Great list. A few to add:
- Exxon Mobil (XOM) has been hovering around a 3% yield and has a forward payout ratio around 30.
- Analog Devices (ADI) has a yield a little over 3% and a forward payout ratio under 40.
- Intel (INTC) yields 3.5% and has a forward payout ratio around 35.
I did a similar list last week, although much shorter than yours:
http://dynamicdividend.com/seven-strong-dividends-with-room-to-grow/August 31st, 2010 at 7:13 am -
Nuts said:
How about dividend growth?
August 31st, 2010 at 11:52 am -
Kane said:
IMHO, the stock price over $10 isn’t relevant, and you’re cutting out plenty of stocks that would be great additions to the portfolio.
My personal screen adds in the following filters:
- In addition to Yield over 3%, Dividend Yield is under 7% – Past research I’ve read suggests the high payout ones don’t last in the long haul
- P/E Ratio Under 20 though I try to stay under 15 for actual purchasesAnd then a couple of somewhat obvious filters (for my investment preferences anyways) to cut out the junk from my list:
- Dividend growth above 0% for the last 5 or 10 years
- Revenue growth above 0% for the last 5 yearsFor me, that produces a much more concise list with better investment options, and I think it always returns a decent number of results.
August 31st, 2010 at 3:57 pm -
Kane said:
Though I should add that the P/E ratio addition is purely for more value stocks that I try to focus on. This would likely cut out a number of great dividend stocks like PG, KO, etc.
August 31st, 2010 at 4:00 pm -
Financial Cents said:
Great list TDG! 5-year dividend growth would be a great filter for next time.
HRB looks like a good buy right now, @ at 52-week low.
Keep up the good charts.
Cheers!
August 31st, 2010 at 7:22 pm -
Joseph Maple said:
Great list!!
September 1st, 2010 at 12:02 pm -
Mattias said:
Thanks for an interesting blog.
I have recently compiled a list of interesting stocks with the use of these filters:
- Total debt to assets ratio 5%
- p/e <15
- Price to cash flow ratio <10The low debt ratio means that a large share of the cash flow can be used for dividends. Some of the companies I get from this filter also have substantial net liquidity.
Through this filter I have found around 10 stocks on the Scandinavian stock exchanges, where I operate. (Since these exchanges have relatively few listed stocks compared to the North American ones, you should probably be able to find some as well.) I have then looked through the financial statements of these stocks over the last 5 years or so to see how they have progressed and how well they handled the financial downturn, after that I have selected four or five stocks to invest in.
The only negative aspect of this restrictive filter is that a majority of the companies I have found are relatively small and that their stocks have low liquidity. This could of course be dealt with through an additional filter criteria on market cap.
September 1st, 2010 at 1:13 pm -
Mattias said:
Sorry. Lost some text in my last comment. The filter list should be:
- Total debt to assets ratio 5%
- p/e <15
- Price to cash flow ratio <10September 1st, 2010 at 1:15 pm -
Mattias said:
Ok. One more try:
- Total debt to assets ratio less than 0.1
- Dividend yield above 5%
- p/e <15
- Price to cash flow ratio <10September 1st, 2010 at 1:16 pm -
Dd said:
Hello:
I was just wondering what stock screener you are using? To find the payout ratio I end up having to due some math–which i would rather skip.Also have you considered looking into buy backs as well?
September 3rd, 2010 at 5:50 pm -
Mike said:
@Dd,
I’m a wizard October 21st, 2010 at 6:36 am -
dividend stocks said:
Hi, thanks for the nice information. I want to ask if it’s good to invest in Verizon stocks at this point in time. I have been trading stocks for some time but have not been so lucky. Which is the best stock to invest in presently? Thanks in advance.
June 2nd, 2011 at 11:36 pm
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