|Symbol||Name||Price||% Yr Low||P/E||EPS (ttm)||Dividend||Yield||Payout Ratio|
Watch List Summary
On the top of our list this week is San Jose, CA-based water utility SJW Corp. The stock has been under pressure this week. The current yield of 6% is attractive, but with nearly $30B of debt and only $650M of cash on hand, it may not be worth the risk/reward.
Target is another name with tremendous upside potential, gauging by the relative dividend yield established by IQTrends. Historically, shares are undervalued at 1% yield. With the stock trading nearly 2%, it has the potential to double, all else being equal.
Another name we'd like to highlight is Abbott Labs (ABT). We went back to our 2009 analysis of the company and found some interesting qualitative changes. The stock was trading at 3.4% yield and roughly $47. Today, with a price of $48, ABT would yield 4%. We see that the stock offers more value at $48 than at $47.
Top Five Performance Review
In our ongoing review of the NLO Dividend Watch List, we have taken the top five stocks on our list from March 26, 2010 and have checked their performance one year later. The top five companies on that list can be seen in the table below.
|Symbol||Name||2010 Price||2011 Price||% change|
|XOM||Exxon Mobil Corp.||66.54||83.62||25.67%|
|FPL*||FPL Group, Inc.||47.81||54.10||13.16%|
|TMP||Tompkins Financial Corp.||37.75||41.34||9.51%|
|BRO||Brown & Brown, Inc.||17.81||25.09||40.88%|
|DIA||Dow Jones Industrial||10,850.36||12,220.59||12.63%|
*FPL is now NextEra (NEE)
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