Steve Cohen's High-Dividend Stock Picks

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Includes: COP, CTL, D, EIX, ETN, EXC, JPM, PLD, PPL, SNY, UPS, VR
by: Insider Monkey

Steven Cohen founded Stamford, Connecticut-based SAC Capital in 1992. SAC is a diversified hedge fund that uses both fundamental and quantitative analysis-based approaches. Cohen is one of the legendary traders and a billionaire. He is estimated to have an $8.3 billion net worth.

Below we compiled a list of stocks that are at least $1.5 billion in market cap and have at least 3% dividend yield. Steven Cohen had at least $25 million in each of these stocks at the end of June.

Company

Ticker

Value (x1000)

Dividend Yield

YTD Return

CENTURYLINK INC

(NYSE:CTL)

101712

8.37%

-24.2%

EDISON INTL

(NYSE:EIX)

74546

3.37%

-1.8%

UNITED PARCEL SERV

(NYSE:UPS)

74401

3.14%

-9.8%

PPL CORP

(NYSE:PPL)

66697

4.78%

13.3%

EXELON CORP

(NYSE:EXC)

60155

4.77%

7.6%

CONOCOPHILLIPS

(NYSE:COP)

51374

3.94%

-2.2%

JPMORGAN CHASE

(NYSE:JPM)

38623

3.10%

-29.5%

VALIDUS HOLDINGS

(NYSE:VR)

35288

4.05%

-20.9%

EATON CORP

(NYSE:ETN)

32985

3.53%

-28.7%

PROLOGIS INC

(NYSE:PLD)

32103

3.96%

-15.1%

SANOFI-AVENTIS

(NYSE:SNY)

29444

5.30%

2.9%

DOMINION RESOURCES

(NYSE:D)

28410

3.89%

20.4%

Click to enlarge

Century Link, Inc. is a United States telecommunications firm. It had a dividend yield of 8.37% and lost 24.20% since the beginning of this year. It has a market cap of $220.80 million and a P/E ratio of 33.36. Steven Cohen held $101.7 million in CTL shares at the end of June. Another billionaire investor, Jim Simons, is also among the hedge fund managers with large positions in CTL (see Jim Simons top stock picks).

Edison International is a public utility holding company based in Rosemead, California. It had a dividend yield of 3.37% and lost 1.81% since the beginning of this year. It has a market cap of $12.16 billion and a P/E ratio of 11.67. Steven Cohen held $74.5 million in EIX shares at the end of June.

United Parcel Service, Inc. (UPS) is a package delivery company. It had a dividend yield of 3.14% and lost 9.84% since the beginning of this year. It has a market cap of $63.10 billion and a P/E ratio of 15.85. Steven Cohen held $74.4 million in UPS shares at the end of June.

PPL is an energy company. The majority of PPL's power plants burn coal, oil, or natural gas. It had a dividend yield of 4.78% and returned 13.34% since the beginning of this year. It has a market cap of $16.74 billion and a P/E ratio of 12.24. Steven Cohen held $66.7 million in PPL shares at the end of June.

Exelon Corporation is an electricity generating and distributing company. It had a dividend yield of 4.77% and returned 7.58% since the beginning of this year. It has a market cap of $28.79 billion and a P/E ratio of 10.83. Steven Cohen held $60.2 million in EXC shares at the end of June.

ConocoPhillips Company is an American multinational energy corporation. It had a dividend yield of 3.94% and lost 2.24% since the beginning of this year. It has a market cap of $89.18 billion and a P/E ratio of 8.19. Steven Cohen held $51.4 million in COP shares at the end of June. Warren Buffett has been buying COP during the second quarter. His investment in the oil company reached $2.8 billion at the end of June (see Warren Buffetts favorite stocks).

JPMorgan Chase is a leader in financial services, offering solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. It had a dividend yield of 3.10% and lost 29.49% since the beginning of this year. It has a market cap of $118.30 billion and a P/E ratio of 6.48. Steven Cohen held $38.6 million in JMP shares at the end of June.

Validus Holdings, Ltd., through its subsidiaries, provides reinsurance and insurance coverage in the property, marine, and specialty lines markets worldwide. It had a dividend yield of 4.05% and lost 20.90% since the beginning of this year. It has a market cap of $2.35 billion and a P/E ratio of 9.15. Steven Cohen held $35.3 million in VR shares at the end of June.

Eaton Corporation is a global diversified power management company. It had a dividend yield of 3.53% and lost 28.71% since the beginning of this year. It has a market cap of $12.35 billion and a P/E ratio of 10.61. Steven Cohen held $33 million in ETN shares at the end of June. Billionaire Jeff Vinik also had nearly $38 million in ETN at the end of June.

Prologis is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. It had a dividend yield of 3.69% and lost 15.14% since the beginning of this year. It has a market cap of $12.25 billion. Steven Cohen held $32 million in PLD shares at the end of June.

Disclosure: I am long CTL, COP.