TheStreet.com’s Best Large-Cap Dividend Stocks

Although I don’t venture to TheStreet.com very often, I was of course intrigued when I saw that Jim Cramer and his team had a listing of what they consider to be the best large-cap dividend stocks.

To come up with their list, they focused on stocks with the following:

1. A minimum market capitalization of $10 billion

2. A dividend yield of over 2% – but the dividend yield cannot exceed the company’s projected growth in earnings per share (my comment – this is interesting)

3. The stocks must have an overall rating of at least A-, meaning they are in the top 10% of all the stocks TheStreet.com rates

The list that they have come up with, especially since there are many companies I have never even heard of, which is a good thing. I believe that I sometime get a bit myopic in my thinking and looking at the usual suspects of dividend payers. Seeing a list like this gives me some new ideas:

MO – Altria (4.25%)
BAC – Bank of America (4.08%)
T – AT&T (4.02%)
SPI – Scottish Power (3.63%)
AEP – American Electric (3.56%)
D – Dominion Resources (3.39%)
WFC – Wells Fargo (3.05%)
FE – FirstEnergy (3.05%)
FPL – FPL (2.83%)
BLS – Bellsouth (2.68%)
ETR – Entergy (2.49%)
AZN – Astrazeneca (2.45%)
LNC – Lincoln National (2.35%)
WMI – Waste Management (2.28%)
WYE – Wyeth (2.05%)
EMR – Emerson Electric (2.03%)