It has certainly been a busy month as March flew by marked by tragedies in Japan and conflicts in the middle east. At times I used to try to pull off some great April fool pranks on here but in the light of everything happening right now, it seemed fit to start April by looking at the top dividend stocks around the world, seeing as these are all potential targets for your passive income portfolio in what could be the difference between an early & enjoyable retirement and a very late retirement where you depend on your former employer or the government to determine the level of your life. So today we resume our monthly tradition of looking at the top 100 dividend stocks in the broad based S&P500 index.
What to look for
Over the past few months, we have looked at quite a few criteria that have helped us find the best dividend stocks including current yield, dividend growth and also companies that produce solid enough earnings to keep up the dividend payments. We summed it all up when we discussed the 20 things that we look for in dividend stocks.
FTR remains once more at the top of our list although it was a tough month for the stock as you can see in the chart below. That means the dividend yield is even higher this time around than last month but when you look at the payout ratio, it continues to look very unlikely that FTR will be able to keep up these high payments. Next week we will be looking deeper into these stocks in our newsletter but I can tell you right now that I’m intrigued by Hudson City Bancorp (HCBK) which as a high dividend yield and seems capable of keeping it up or even increasing it. More on that next week though.
Hopefully this will help you when building your passive dividend porrtfolio.
(Click to enlarge)
We will be filtering out the top 100 list to find the ones that fit all of these criteria! In the meantime, here is the list!
Ticker Name Price Dividend Yield Payout Ratio Ex-Date FTR Frontier Communications Corp 8.22 9.12 346.75 6/7/2011 WIN Windstream Corp 12.87 7.74 150.63 6/28/2011 CTL CenturyLink Inc 41.55 6.98 92.65 6/6/2011 HCBK Hudson City Bancorp Inc 9.68 6.23 55.05 5/3/2011 RAI Reynolds American Inc 35.53 5.93 81.34 6/8/2011 FE FirstEnergy Corp 37.09 5.93 85.46 5/4/2011 MO Altria Group Inc 26.03 5.83 77.98 6/13/2011 POM Pepco Holdings Inc 18.65 5.78 173.38 6/8/2011 PBI Pitney Bowes Inc 25.69 5.77 97.09 5/11/2011 T AT&T Inc 30.6 5.61 52.32 4/6/2011 LLY Eli Lilly & Co 35.17 5.54 42.75 5/11/2011 PPL PPL Corp 25.3 5.53 63.35 6/8/2011 RRD RR Donnelley & Sons Co 18.92 5.49 96.71 4/26/2011 AEE Ameren Corp 28.07 5.47 264.75 6/6/2011 LO Lorillard Inc 95.01 5.45 62.68 5/26/2011 DUK Duke Energy Corp 18.15 5.39 97.07 5/18/2011 TEG Integrys Energy Group Inc 50.51 5.38 94.56 5/25/2011 PGN Progress Energy Inc 46.14 5.37 83.83 4/7/2011 HCN Health Care REIT Inc 52.44 5.27 554.64 5/5/2011 AEP American Electric Power Co Inc 35.14 5.22 68.04 5/6/2011 EXC Exelon Corp 41.24 5.09 54.31 5/11/2011 HCP HCP Inc 37.94 5.07 198.62 5/5/2011 VZ Verizon Communications Inc 38.54 5.04 213.72 4/6/2011 BMY Bristol-Myers Squibb Co 26.43 4.97 71.24 6/29/2011 ETR Entergy Corp 67.21 4.93 48.31 5/10/2011 SCG SCANA Corp 39.37 4.93 63.56 6/8/2011 PBCT People's United Financial Inc 12.58 4.92 254.49 4/27/2011 PNW Pinnacle West Capital Corp 42.79 4.89 67.88 4/29/2011 CINF Cincinnati Financial Corp 32.8 4.88 68.7 6/20/2011 NI NiSource Inc 19.18 4.79 86.8 4/27/2011 SO Southern Co 38.11 4.78 75.75 5/5/2011 ED Consolidated Edison Inc 50.72 4.72 68.15 5/9/2011 Q Qwest Communications International Inc 6.83 4.65 N/A 5/18/2011 MRK Merck & Co Inc 33.01 4.58 549.36 6/15/2011 DTE DTE Energy Co 48.96 4.56 58.25 6/16/2011 CNP CenterPoint Energy Inc 17.56 4.48 72.35 5/11/2011 LEG Leggett & Platt Inc 24.5 4.41 87.94 6/13/2011 D Dominion Resources Inc/VA 44.7 4.4 36.37 5/25/2011 TE TECO Energy Inc 18.76 4.36 73.1 5/11/2011 PEG Public Service Enterprise Group Inc 31.51 4.33 44.51 6/7/2011 KMB Kimberly-Clark Corp 65.27 4.28 58.87 6/1/2011 CMS CMS Energy Corp 19.64 4.26 43.38 5/4/2011 VTR Ventas Inc 54.3 4.24 153.91 6/8/2011 XEL Xcel Energy Inc 23.89 4.22 61.8 6/21/2011 PCG PG&E Corp 44.18 4.12 60.24 6/28/2011 NEE NextEra Energy Inc 55.12 3.99 41.93 6/1/2011 PAYX Paychex Inc 31.36 3.95 93.94 4/28/2011 KIM Kimco Realty Corp 18.34 3.94 361.29 4/1/2011 PFE Pfizer Inc 20.31 3.92 72.18 5/4/2011 SVU SUPERVALU Inc 8.93 3.92 32.82 5/23/2011 PM Philip Morris International Inc 65.63 3.9 61.77 6/21/2011 ABT Abbott Laboratories 49.05 3.9 59.05 4/13/2011 CAG ConAgra Foods Inc 23.75 3.86 46.82 4/27/2011 PCL Plum Creek Timber Co Inc 43.61 3.86 134.65 5/11/2011 SE Spectra Energy Corp 27.18 3.81 62.32 5/11/2011 SYY Sysco Corp 27.7 3.75 49.64 6/29/2011 LMT Lockheed Martin Corp 80.4 3.73 36.64 6/2/2011 MAT Mattel Inc 24.93 3.69 42.53 5/20/2011 HNZ HJ Heinz Co 48.82 3.68 58.04 6/21/2011 KFT Kraft Foods Inc 31.36 3.68 81.98 6/27/2011 WM Waste Management Inc 37.34 3.65 63.38 5/26/2011 JNJ Johnson & Johnson 59.25 3.64 43.54 5/26/2011 MCHP Microchip Technology Inc 38.01 3.63 115 5/17/2011 INTC Intel Corp 20.17 3.6 30.56 5/4/2011 FII Federated Investors Inc 26.75 3.59 127.68 5/4/2011 HRB H&R Block Inc 16.74 3.58 41.09 6/7/2011 SRE Sempra Energy 53.5 3.58 51.56 6/14/2011 CPB Campbell Soup Co 33.11 3.5 44.08 4/7/2011 EIX Edison International 36.59 3.49 32.91 6/28/2011 IP International Paper Co 30.18 3.48 27.48 5/13/2011 GAS Nicor Inc 53.7 3.46 61.42 6/28/2011 NYX NYSE Euronext 35.17 3.41 43.85 6/13/2011 WEC Wisconsin Energy Corp 30.5 3.4 41.15 5/11/2011 AVP Avon Products Inc 27.04 3.39 63.71 5/18/2011 RTN Raytheon Co 50.87 3.38 30.6 4/4/2011 GPC Genuine Parts Co 53.64 3.37 54.45 6/8/2011 MWV MeadWestvaco Corp 30.33 3.3 61.83 5/3/2011 COP ConocoPhillips 79.86 3.29 27.95 5/19/2011 MCD McDonald's Corp 76.09 3.2 48.68 5/26/2011 MTB M&T Bank Corp 88.47 3.17 48.21 5/26/2011 NU Northeast Utilities 34.6 3.17 46.84 5/31/2011 VNO Vornado Realty Trust 87.5 3.15 77.37 5/5/2011 NUE Nucor Corp 46.02 3.15 679.79 6/28/2011 PG Procter & Gamble Co/The 61.6 3.13 48.84 4/27/2011 CLX Clorox Co 70.07 3.13 48.09 4/25/2011 OKE Oneok Inc 66.88 3.11 57.84 4/26/2011 CEG Constellation Energy Group Inc 31.13 3.08 N/A 6/8/2011 GIS General Mills Inc 36.55 3.06 42.06 4/7/2011 NOC Northrop Grumman Corp 62.71 3 26.74 5/26/2011 K Kellogg Co 53.98 2.99 46.83 5/26/2011 SPG Simon Property Group Inc 107.16 2.98 123.98 5/11/2011 DD EI du Pont de Nemours & Co 54.97 2.98 49.75 5/11/2011 AVB AvalonBay Communities Inc 120.08 2.98 304.59 6/28/2011 PEP PepsiCo Inc/NC 64.41 2.97 47.92 6/1/2011 BMS Bemis Co Inc 32.81 2.93 50.66 5/18/2011 PSA Public Storage 110.91 2.89 119.29 6/13/2011 CL Colgate-Palmolive Co 80.76 2.87 52.65 4/21/2011 LLTC Linear Technology Corp 33.63 2.86 56.76 5/11/2011 PLD ProLogis 15.98 2.83 N/A 5/11/2011
