Ten Highest Yielding Quarterly Dividend Stocks

There are actually a few advantages of owning quarterly dividend stocks over monthly dividend stocks. First, there are over 2,000 different quarterly dividend stocks to choose from, versus a few hundred monthly dividend stocks. Second, there are far more quarterly stocks to choose from, whereas most of the monthly dividend companies are either closed end funds, oil income trusts, or real estate trusts. Third, for smaller diversified portfolios, monthly dividends may be very small, and it may be more convenient to have a larger quarterly check on each stock.

According to WallStreetNewsNetwork.com, there are over a hundred quarterly dividend stocks paying more than 5% with market caps over $500 million, P/E ratios below 20, and PEG ratios below two.

Here are several of the highest yielding quarterly dividend stocks. Please note that some of the extremely high yields may not be sustainable.

• Copano Energy, L.L.C. (CPNO) pays a yield of 10.4%. The stock has a P/E of 14.8 and a PEG of 1.43.
• AllianceBernstein Holding LP (AB) pays a yield of 10.2%. The stock has a P/E of 6.5 and a PEG of 0.65.
• World Wrestling Entertainment, Inc. (WWE) pays a yield of 10.1%. The stock has a P/E of 18.4 and a PEG of 1.49.
• Penn Virginia Resources (PVR) pays a yield of 10.0%. The stock has a P/E of 18.3 and a PEG of 1.83.
• TAL International Group, Inc. (TAL) pays a yield of 10.0%. The stock has a P/E of 12.5 and a PEG of 0.89.
• Lincoln National Corporation (LNC) pays a yield of 9.6%. The stock has a P/E of 5.8 and a PEG of 0.58.
• Suburban Propane Partners, L.P. (SPH) pays a yield of 9.5%. The stock has a P/E of 12.6 and a PEG of 1.26.
• Colonial BancGroup, Inc. (CNB) pays a yield of 9.4%. The stock has a P/E of 6.6 and a PEG of 0.78.
• Inergy Holdings, L.P. (NRGP) pays a yield of 9.2%. The stock has a P/E of 15.5 and a PEG of 1.55.
• Embarq Corporation (EQ) pays a yield of 9.2%. The stock has a P/E of 5.9 and a PEG of 1.96.

Disclosure: Author does not own any of the above.

Comments

[22thoroughbred:]

You will get slammed for not giving more info on each stock listed, but that's because those that do want someone else to do all the work for them, this is an excellent list to START using as a shopping list if after more research the fundimentals work and the dividend is very safe, thanks for the ideas

2008 Nov 10 04:41 AM

[Sapphire:]

I do think owning some stocks that pay quarterly rather than monthly has some advantages, so find this list useful.

2008 Nov 10 08:39 AM

[notsosmart:]

check FRO & NAT.i have no agenda. i own both,happily.

2008 Nov 10 08:52 AM

[teo:]

If you are not familiar with all of these "stocks", technically, some of these are not "stocks". They are units in partnerships, and have very different ramifications for tax purposes. You will not receive a 1099 for dividends, you will receive a K-1 sometime in March. Do your research before you buy a stock, particularly on some of these since they are not stock, and they don't have dividends - they have distributions - a BIG difference for tax purposes.

2008 Nov 10 09:20 AM

[sr9web:]

Teo - very good heads up!

2008 Nov 10 10:09 AM

[hwood007:]

I cound be wrong and not for the first time, but I thought CNB had defered the dividend for a time..

2008 Nov 10 11:34 AM

[nyka:]

After ACAS and ALD tanked today, I'm a lot poorer than I was 24 hours ago. Beware of dividend rates that are obviously unsustainable. Not following my own advice saw me get cooked.

2008 Nov 10 08:08 PM