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%)
[…] Original post by The Dividend Guy […]
Unfortunately two of those can be scratched off the list….
BellSouth is merging with AT&T, and Scottish Power just announced they are being acquired by a spanish utility.
Interesting. Got to check the site myself.
Yolanda
www.findmypaydayloan.com