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In the recent economic turmoil, many stocks suffered losses and the S&P 500 ETF (NYSEARCA:SPY) lost 17.42% during the past three months. However, most stocks with high dividend yields outperformed the market and a certain number of these stocks received positive returns. Considering the fact that the recent disinflation period won't last forever, we believe investors should play more defensively and pick high dividend-yielding stocks in near future.

Below, we compiled a list of 10 large-cap S&P 500 stocks with high dividend yields. The market data are sourced from Finviz. These stocks have market capitalizations above $5 billion, annualized dividend yield of at least 4%, and a return of at least 1% over the past three months.

Bristol-Myers Squibb Company (NYSE:BMY): Bristol-Myers Squibb Company is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of pharmaceutical products on a global basis. BMY has a dividend yield of 4.19% and returned 7.99% over the past three months. It has a market cap of $53.7B and a P/E ratio of 16.4. Jim Simons had over $200 million invested in BMY shares (check out Simons’ top stock picks).

Consolidated Edison Inc. (NYSE:ED): Consolidated Edison provides electric and natural gas services. ED has a dividend yield of 4.25% and returned 6.39% over the past three months. It has a market cap of $16.5B and a P/E ratio of 15.47. Michael Messner had $35 million in ED.

Progress Energy Inc. (NYSE:PGN): Progress Energy is a utility holding company engaged in the regulated electric utility business. PGN has a dividend yield of 4.90% and returned 5.19% over the past three months. It has a market cap of $14.9B and a P/E ratio of 17.53. Cliff Asness had $66 million invested in PGN.

Lorillard, Inc. (NYSE:LO): Lorillard is the manufacturer of cigarettes in the United States. LO has a dividend yield of 4.60% and returned 4.87% over the past three months. It has a market cap of $15.6B and a P/E ratio of 15.47. Jim Simons had over $300 million of LO stocks. Jean-Marie Eveillard also had $250 million invested in LO.

Duke Energy Corporation (NYSE:DUK): Duke Energy is an energy company primarily located in the Americas. DUK has a dividend yield of 5.07% and returned 4.84% over the past three months. It has a market cap of $26.2B and a P/E ratio of 12.8. Israel Englander had $28 million invested in DUK (check out Englander’s top stock picks).

Southern Company (NYSE:SO): Southern Company is one of America's largest generators of electricity. SO has a dividend yield of 4.50% and returned 4.74% over the past three months. It has a market cap of $36.0B and a P/E ratio of 17.88. Phill Gross and Robert Atchinson had more than $100 million in SO at the end of June.

NiSource Inc. (NYSE:NI): NiSource is an energy holding company whose subsidiaries provide natural gas, electricity and other products and services. NI has a dividend yield of 4.41% and returned 2.86% over the past three months. It has a market cap of $5.9B and a P/E ratio of 18.96. Israel Englander invested $34 million in NI.

Altria Group Inc. (NYSE:MO): Altria Group is the biggest cigarettes manufacturer in the world. MO has a dividend yield of 6.17% and returned 1.41% over the past three months. It has a market cap of $55.0B and a P/E ratio of 16.1. Tom Russo had $187 million invested in MO shares.

SCANA Corp. (NYSE:SCG): SCANA Corporation is engaged in the generation, transmission, distribution and sale of electricity in parts of South Carolina, and in the purchase, transmission and sale of natural gas in portions of North Carolina, and South Carolina. SCG has a dividend yield of 4.91% and returned 1.23% over the past three months. It has a market cap of $5.1B and a P/E ratio of 13.34. Jim Simons invested $21 million in SCG.

Ameren Corporation (NYSE:AEE): Ameren is a holding company for several power companies and energy companies. AEE has a dividend yield of 5.31% and returned 1.22% over the past three months. It has a market cap of $7.0B and a P/E ratio of 76.34. Jim Simons had $14 million of AEE stocks.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 10 Solid High-Dividend Stocks