6 Low Beta Dividend Challengers With Good To High Yields

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Includes: APU, BWP, CHEV, DUK, SEP, TGP
by: Dividend Screen

Dividend Challengers are stocks that have raised dividends for a period of 5-9 consecutive years. They have the potential to one day become a Dividend Contender or a Dividend Champion. Dividend growth and yields are not the only things that can be important. For investors with a desire for low volatility stocks, it is more important to also have stocks with a low beta ratio.

I screened 201 Dividend Challengers by highest dividend yield and lowest beta ratio. As criteria, I chose a value of less than 0.5 for the volatility measure and a dividend yield of more than 5% for the yield ratio. Exactly 13 Dividend Challengers have a lower volatility than the capital markets of which 6 are yielding above 5%. Here are the results:

1. Boardwalk Pipeline Partners (NYSE:BWP) operates within the oil and gas pipeline industry. The company has a market capitalization of $5.3 billion, generates revenues of $1.1 billion and has a net income of $216.9 million. It s P/E ratio is 23.8 and forward price to earnings ratio is 18.4, Price/Sales is 4.7 and Price/Book ratio is 1.6. Dividend Yield: 7.8 percent. The company has raised dividends for 6 consecutive years.

2. Teekay LNG Partners (NYSE:TGP) operates within the shipping industry. The company has a market capitalization of $2.1 billion, generates revenues of $375.1 million and has a net income of $57.4 million. Its P/E ratio is 33.4 and forward price to earnings ratio is 17.1, Price/Sales is 5.5 and Price/Book ratio is 2.1. Dividend Yield: 7.3 percent. The company has raised dividends for 7 consecutive years.

3. AmeriGas Partners (NYSE:APU) operates within the gas utilities industry. The company has a market capitalization of $2.6 billion, generates revenues of $2.5 billion and has a net income of $91.4 million. Its P/E ratio is 28.7 and forward price to earnings ratio is 16.1, Price/Sales is 1.1 and Price/Book ratio is 6.0. Dividend Yield: 3.0 percent. The company has raised dividends for 7 consecutive years.

4. Spectra Energy Partners (NYSE:SEP) operates within the oil and gas pipelines industry. The company has a market capitalization of $3.0 billion, generates revenues in an amount of $194.0 million and a net income of $147.1 million. It follows P/E ratio is 17.5 and forward price to earnings ratio 16.8, Price/Sales 15.3 and Price/Book ratio 1.7. Dividend Yield: 6.2 percent. The company raised dividends for 5 consecutive years.

5. Cheviot Financial (NASDAQ:CHEV) operates within the regional Midwest banks industry. The company has a market capitalization of $75.3 million, generates revenues of $17.6 million and has a net income of $2.4 million. Its P/E ratio is 31.5. Its forward price to earnings ratio is not calculable due to estimates of future earnings. Price/Sales is 4.3 and Price/Book ratio is 1.1. Dividend Yield: 5.7 percent. The company has raised dividends for 8 consecutive years.

6. Duke Energy (NYSE:DUK) operates within the electric utilities industry. The company has a market capitalization of $26.5 billion, generates revenues of $14.6 billion and has a net income of $2.0 billion. Its P/E ratio is 12.9 and forward price to earnings ratio is 14.1, Price/Sales is 1.8 and Price/Book ratio is 1.2. Dividend Yield: 5.0 percent. The company has raised dividends for 7 consecutive years.

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