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Many investors are searching for higher-yielding equities. The interest rates most banks now offer for cash and CDs are barely negligible, as are short-term U.S. Treasury rates. Generally speaking, U.S. debt's no longer considered the risk-free asset that it historically was, and many investors are avoiding all bonds until higher interest rates arrive.
Equities generally may help investors find not only an income option but also the potential for some decent capital appreciation. The S&P 500 average dividend is currently approximately 1.7%, and the Dow Jones Industrial Average is yielding about 2.33%. These yields correspond to U.S. Treasuries in the three-to-five-year range, with the 10-year Treasury now yielding about 3%.
One popular method of obtaining both above-average equity yield and capital appreciation is known as buying the "Dogs of the Dow," or those Dow Industrial members that have the highest yields. Perhaps the Dow is a smaller list, or it's the alliteration within the name, but the S&P 500 has dogs too.
I reviewed the S&P 500, searching for mid-cap stocks ($2-10 billion market capitalization) that have a yield of at least 5%. The search found nine companies, listed below in their symbols‘ alphabetical order. Additionally, I prepared a list of similar large-cap S&P dogs.

Symbol
Company
Industry
Market Cap
P/E
Yield
Ameren Corporation
Diversified Utilities
$7 B
65.09
5.30%
Cincinnati Financial Corp.
Insurance
$4.8 B
13.01
5.40%
Frontier Communications Corporation
Telecom Services
$8.6 B
36.17
8.60%
Health Care REIT Inc.
REIT - Healthcare
$9.1 B
151.74
5.40%
Pitney Bowes Inc.
Business Equipment
$4.8 B
15.27
6.20%
Pepco Holdings, Inc.
Electric Utilities
$4.4 B
25.58
5.40%
R.R. Donnelley & Sons Company
Business Services
$4.2 B
21.32
4.90%
Integrys Energy Group, Inc.
Gas Utilities
$4 B
13.74
5.20%
Windstream Corporation
Telecom Services
$6.8 B
24.67
7.40%
As substitute or compliment to the fixed-income portion of a portfolio, if equally divided amongst these nine stocks, this basket of S&P mid-cap dogs would currently yield about double the present 10-year Treasury yield. While there may be risk to these businesses, their yields are generally secure and growing, and the significant interest rate risk that now overhangs the bond markets is far less of a risk to these generally stable and secure equities.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Source: The Mid-Cap Dogs of the S&P 500