Do you like dividends? I do, which is why I look for stocks that usually have a lower dividend yield but are currently flirting with that nice round 10% yield mark. The following 5 stocks are all trading 1-2% below the 10% yield mark, but any dip in the market or sour news could make the stock stumble into a range that you then can pluck with a fatter yield.
In no specific order here are 5 stocks you may be interested in adding to your portfolio. Look into them, some may interest you more than others, but I wanted to give you a few that are currently out there. After all, what is better than getting a high yielding dividend stock cheap on a dip and winning with both stock price and dividend?
1. Seadrill Ltd. (SDRL): A worldwide offshore drilling contractor to the oil and gas industry.
- Quarterly paying dividend stock
- Most recent closing price $38.40
- Current yield approximately 8.75%
- Has increased its dividend payout every year since 2009
- Reached a stock price over $40 three different times in 2012
2. StoneMor Partners L.P. (STON): Owner and operator of cemeteries in the United States.
- Quarterly paying dividend stock
- Most recent closing price $25.08
- Current yield approximately 9.41%
- Has increased its dividend payout every year since 2008
- Reached a stock price over $26 three different times in 2012
3. Suburban Propane Partners L.P. (SPH): Distributes a range of products for energy needs.
- Quarterly paying dividend stock
- Most recent closing price $41.43
- Current yield approximately 8.45%
- Has maintained or increased its dividend payout every year since 1997
- Reached a stock price over $45 three different times in 2012
4. BreitBurn Energy Partners L.P. (BBEP): Is an independent oil and gas partnership focused on properties in the United States.
- Quarterly paying dividend stock
- Most recent closing price $19.80
- Current yield approximately 9.39%
- Has increased its dividend payout every year since 2010
- Reached a stock price over $20 two times during 2012-13
5. Consolidated Communications Holdings Inc (CNSL): Offers telecommunications services.
- Quarterly paying dividend stock
- Most recent closing price $17.48
- Current yield approximately 8.87%
- Has maintained its dividend payout every year since 2006
- Reached a stock price over $19 twice in 2012
Disclosure: I am long BBEP.
