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Bill Miller was on top of the investment world just 5 years ago. Since then his $3.85 Billion Legg Mason Capital Management Value (LMVTX) mutual fund lost nearly 40%, whereas the SPY had a slightly positive return.

Below we compiled a list of stocks that are at least $2.3 Billion in Market Cap and have at least 3% dividend yield. These are Bill Miller’s holdings with at least $120 Million by the end of June.

Company

Ticker

Value (x1000)

Dividend Yield

YTD Return

MICROSOFT CORP

MSFT

240828

3.19%

-8.74%

PROCTER & GAMBLE CO

PG

211194

3.43%

-3.29%

BLACKROCK INC

BLK

198609

3.80%

-22.19%

PEPSICO INC

PEP

179144

3.38%

-5.20%

GENERAL ELECTRIC CO

GE

170730

3.99%

-15.70%

JPMORGAN CHASE & CO

JPM

169278

3.42%

-31.98%

CONOCOPHILLIPS

COP

166364

4.20%

-5.37%

TIME WARNER INC NEW

TWX

156057

3.25%

-8.86%

JOHNSON & JOHNSON

JNJ

149803

3.68%

1.21%

ABBOTT LABORATORIES

ABT

144181

3.79%

8.99%

CHEVRON CORP NEW

CVX

141688

3.46%

0.38%

BP PLC

BP

136993

4.70%

-18.61%

INTEL CORP

INTC

130550

3.89%

6.40%

PFIZER INC

PFE

126541

4.57%

2.04%

AFLAC INC

AFL

120451

3.75%

-43.29%

Microsoft Corporation is a multinational corporation that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions. It had a dividend yield of 3.19% and lost 8.74% since the beginning of this year. It has a market cap of $208.87 billion and a P/E ratio of 7.27. Miller held $240.8 million in MSFT shares at the end of June. David Einhorn is also very bullish about Microsoft. This year at the Ira Sohn Investment Conference Einhorn gave a lengthy speech and explained why he is bullish about Microsoft (read David Einhorns speech here).

Procter & Gamble is a global company that provides consumer products in the areas of pharmaceuticals, cleaning supplies, personal care, and pet supplies. It had a dividend yield of 3.43% and lost 3.29% since the beginning of this year. It has a market cap of $167.04 billion and a P/E ratio of 15.47. Miller held $211 million in PG shares by the end of June.

BlackRock offers mutual funds, closed-end funds, managed accounts and alternative investments to individuals, institutions and financial professionals. It had a dividend yield of 3.80% and lost 22.19% since the beginning of this year. It has a market cap of $26.22 billion and a P/E ratio of 11.95. Miller held $198.6 million in BLK shares by the end of June.

PepsiCo is an American multinational corporation, with interests in the manufacturing, marketing and distribution of grain-based snack foods, beverages, and other products. It had a dividend yield of 3.38% and lost 5.20% since the beginning of this year. It has a market cap of $95 billion and a P/E ratio of 15.27. Miller held $179 million in PEP shares by the end of June.

General Electric Company is an American multinational conglomerate corporation. It had a dividend yield of 3.99% and lost 15.7% since the beginning of this year. It has a market cap of $160.17 billion and a P/E ratio of 11.89. Miller held $170.7 million in GE shares by the end of June.

J.P. Morgan 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 31.98% since the beginning of this year. It has a market cap of $114.71 billion and a P/E ratio of 6.28. Miller held $169 million in JMP shares by the end of June.

ConocoPhillips Company is an American multinational energy corporation. It had a dividend yield of 4.20% and lost 5.37% since the beginning of this year. It has a market cap of $85.62 billion and a P/E ratio of 7.87. Miller held $166 million in COP shares by the end of June. Warren Buffett is also very bullish about COP. Buffett increased his COP holdings to $2.8 billion at the end of June (see Warren Buffetts top picks).

Time Warner is one of the world's largest media companies. It had a dividend yield of 3.25% and lost 8.86% since the beginning of this year. It has a market cap of $31.01 billion and a P/E ratio of 12.79. Miller held $156 million in TWX shares by the end of June.

Johnson & Johnson is an international American pharmaceutical, medical devices and consumer packaged goods manufacturer founded in 1886. It had a dividend yield of 3.68% and returned 1.21% since the beginning of this year. It has a market cap of $168.01 billion and a P/E ratio of 14.67. Miller held $149.8 million in JNJ shares by the end of June.

Abbott Laboratories is an American-based global, diversified (multi-division) pharmaceuticals and health care products company. It had a dividend yield of 3.79% and returned 8.99% since the beginning of this year. It has a market cap of $78.75 billion and a P/E ratio of 15.42. Miller held $144 million in ABT shares by the end of June.

Chevron Corporation is an American multinational energy corporation. It had a dividend yield of 3.46% and returned 0.38% since the beginning of this year. It has a market cap of $179.37 billion and a P/E ratio of 7.82. Miller held $141.7 million in CVX shares by the end of June.

BP is a global oil and gas company. It is the third-largest energy company and fourth-largest company in the world measured by revenues. It had a dividend yield of 4.70% and lost 18.61% since the beginning of this year. It has a market cap of $112.73 billion and a P/E ratio of 5.68. Miller invested $137 million in BP shares. T. Boone Pickens is also bullish about BP, allocating 8% of his 13F portfolio to the stock (see T. Boone Pickensportfolio).



Disclosure: I am long MSFT, COP.

Source: Bill Miller's High Dividend Stock Picks