Seeking Alpha
Newsletter provider, fund holdings, insider ownership
Profile| Send Message|
( followers)  

We like high dividend stocks. In the recent economic turmoil, many stocks suffered losses and the S&P 500 ETF (NYSEARCA:SPY) lost 12.4% since July 22nd. However, most stocks with high dividend yields outperformed the market and a certain number of these stocks had actually positive returns. Considering the fact that the recent disinflation period won't last forever, we believe many investors should play more defensively and pick high dividend yielding stocks for the near future.

Below, we compiled a list of 25 large-cap stocks with high dividend yields. The market data are sourced from Fidelity. These stocks have a market capitalization above $5 billion, annualized dividend yields of at least 4%, and a return of at least 0.1% since July 22nd.

Company Name

Symbol

Dividend Yield (%)

Return Since July 22nd

NOKIA CORP

NOK

9.0

8.2%

AMBEV

ABV

4.2

7.7%

KONINKLIJKE KPN NV

OTC:KKPNF

8.2

6.0%

CONSOLIDATED EDISON INC.

ED

4.3

5.8%

TELEFONOS DE MEXICO

TMX

5.1

5.6%

TELIASONERA AB

OTCPK:TLSNF

5.9

5.5%

SOUTHERN CO

SO

4.6

2.6%

REYNOLDS AMERICAN INC

RAI

5.7

2.2%

TELECOMUNICACOES DE SAO PAULO

VIV

11.9

2.2%

UNILEVER NV

UN

4.5

2.1%

CHINA MOBILE LTD

CHL

4.1

2.0%

AMERICAN ELECTRIC POWER

AEP

4.8

2.0%

EISAI CO LTD

OTC:ESALF

4.3

2.0%

PPL CORP

PPL

4.9

1.9%

ALTRIA GROUP INC

MO

6.1

1.4%

PHILIPPINE LONG DISTANCE TELEPHONE CO

PHI

6.6

1.1%

TELSTRA CORPORATION LTD

OTCPK:TTRAF

9.0

1.1%

PROGRESS ENERGY INC.

PGN

5.1

1.0%

PUBLIC SERVICE ENTERPRISE

PEG

4.1

0.8%

AMEREN CORP

AEE

5.2

0.7%

NATIONAL GRID

NGG

5.8

0.7%

DUKE ENERGY CORP

DUK

5.3

0.5%

NISOURCE INC.

NI

4.4

0.4%

KIMBERLY-CLARK CORP

KMB

4.1

0.3%

MAGELLAN MIDSTREAM PARTNERS

MMP

5.3

0.2%

These 25 large-cap S&P 500 stocks have an average dividend yield of 5.7%. Since July 22nd, the average return of these 25 stocks was 2.6% versus -12.4% for the SPY.

Here are the top 10, highest dividend-yielding, large-cap S&P 500 stocks in our list:

Nokia Corp (NYSE:NOK): Nokia is the world's leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks including related customer services. NOK has a 9.0% dividend yield and returned 8.2% since July 22nd. NOK has a market cap of $23.97 billion and P/E ratio of 13.40. Michael Johnston holds the largest NOK position among the 300-plus funds we are tracking.

Companhia De Bebidas Das Americas-AmBev (ABV): AmBev is a Brazil-based company produces, distributes and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated products in 14 countries across the Americas. ABV has a 4.2% dividend yield and returned 7.7% since July 22nd. ABV has a market cap of $104.52 billion and P/E ratio of 20.82. Jim Simons holds the largest ABV position among the 300-plus funds we are tracking (see Simon’s favorite stocks here).

Koninklijke KPN N.V. (OTC:KKPNF): Koninklijke KPN N.V. is a telecommunications and information and communication technology service provider in the Netherlands. Koninklijke has an 8.2% dividend yield and returned 6.0% since July 22nd. KKPNY has a market cap of $20.50 billion and P/E ratio of 8.09.

Consolidated Edison Inc. (NYSE:ED): Con Edison provides electric service in New York City and most of Westchester County. It also provides natural gas service in Manhattan, the Bronx, and parts of Queens and Westchester. ED has a 4.3% dividend yield and returned 5.8% since July 22nd. ED has a market cap of $16.4 billion and P/E ratio of 15.36. Michael Messner holds the largest ED position among the 300-plus funds we are tracking (see Messner’s favorite stocks here).

Telefonos de Mexico S.A. (NYSE:TMX): Telefonos de Mexico owns and operates a fixed-line telecommunications system in Mexico. The Company also provides other telecommunications and telecommunications-related services, such as corporate networks, Internet access services, information network management, telephone and computer equipment sales, and interconnection services to other carriers. TMX has a 5.9% dividend yield and returned 5.5% since July 22nd. TMX has a market cap of $15.2 billion and P/E ratio of 13.62.

TeliaSonera AB (OTCPK:TLSNY): TeliaSonera AB is a Sweden-based company active in the telecommunications sector. TLSNY has a 5.9% dividend yield and returned 5.5% since July 22nd. TLSNY has a market cap of $29.88 billion and P/E ratio of 9.45.

Southern Co (NYSE:SO): Southern Company is a public utility holding company of primarily electric utilities in the southern United States. SO has a 4.6% dividend yield and returned 2.6% since July 22nd. SO has a market cap of $35.34 billion and P/E ratio of 17.56. Phill Gross and Robert Atchinson holds the largest SO position among the 300-plus funds we are tracking (see their favorite stocks here).

Reynolds American Inc (NYSE:RAI): Reynolds American products and sells cigarette and smokeless tobacco products. RAI has a 5.7% dividend yield and returned 2.2% since July 22nd. RAI has a market cap of $21.95 billion and P/E ratio of 16.36. David Winters holds the largest SO position among the 300-plus funds we are tracking.

Telecomunicacoes de Sao Paulo SA (NYSE:VIV): Telesp provides fixed-line telecommunications services, international and interregional long-distance services, and multimedia communication services. VIV has an 11.9% dividend yield and returned 2.2% since July 22nd. VIV has a market cap of $12.13 billion and P/E ratio of 10.63.

Unilever NV (NYSE:UN): Unilever is a British-Dutch multinational corporation that owns many of the world's consumer product brands in foods, beverages, cleaning agents and personal care products. UN has a 4.5% dividend yield and returned 2.1% since July 22nd. UN has a market cap of $92.32 billion and P/E ratio of 15.40. Ken Fisher holds the largest UN position among the 300-plus funds we are tracking.

Source: 10 Rock Solid High Dividend Stocks