Regular readers know I am running a series of screens to isolate securities that may be researched and included on a "buy" list when individuals speculate that a market bottom is at hand. Knowing that market timing is, at best, a hopeful guess, the stocks I list do not come with any elaborate raging buy scenarios. The list is intended only as a point of reference.
Yesterday I screened the following: Stocks with a market cap of at least $10 billion, listed on the NYSE, a Standard and Poors Rating of 4-Stars or 5-Stars and a dividend yield of 6% or higher as of the close Wednesday. Eleven stocks made the list:
Altria (MO) 6.55%
Banco Bilbao Vizcaya Argentaria ADR (BBV) 6.63%
Bristol Myers Squibb (BMY) 6.63%
France Telecom ADR (FTE) 10.62%
ING Groep ADR (ING) 11.52%
KMP Kinder Morgan Energy MLP 8.20% (KMP) (note: earnings were light after hours Weds., buy on weakness)
National Grid ADR (NGG) 6.95%
Progress Energy (PGN) 6.36%
Sasol Limited ADR (SSL) 7.43%
Dow Chemical (DOW) 6.47%
Verizon (VZ) 6.36%
I believe that investors should look at historically exemplary companies that presently have a dividend of at least 5%. This will likely provide a floor for the stock and pay the investor a nice dividend until the markets head north.