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High dividend stocks did relatively better than other stocks during the market turmoil this year. But some dividend stocks performed much worse than the market. Some of them may be trading at a significant discount and are likely to grow in the future. We think these stocks are worth investing as they are undervalued, offer fat dividends and can protect investors from inflationary risks.

Below, we compiled a list of 8 large cap US stocks. These stocks have a market cap of higher than $2 billion, a dividend yield of at least 4%, a P/E ratio of lower than 15, and a price-to-book ratio of less than 1.

Ticker

Company

P/E

Dividend Yield

P/B

YTD Return

NLY

Annaly Capital Management, Inc.

8.43

14.83%

0.98

0.37%

AEE

Ameren Corporation

14.05

5.04%

0.96

18.77%

NYB

New York Community Bancorp Inc.

10.03

8.59%

0.91

-34.01%

WHR

Whirlpool Corp.

10.76

4.10%

0.88

-43.38%

CIM

Chimera Investment Corporation

5.08

19.70%

0.81

-27.87%

FNFG

First Niagara Financial Group Inc.

13.06

7.31%

0.65

-33.91%

MFA

MFA Financial, Inc.

7.32

14.86%

0.91

-9.05%

KYN

Kayne Anderson MLP Investment Company

9.1

7.06%

0.97

-3.36%

Whirlpool Corp. (NYSE:WHR) suffered the biggest loss this year. The home appliances company lost 43.38% so far since the beginning of this year. Its P/B ratio is also pretty low: only 0.88. It has a dividend yield of 4.10% and a P/E ratio of 10.76. John Paulson is bullish about WHR. His Paulson & Co invested $125 million in WHR as of September 30.

Chimera Investment Corporation (NYSE:CIM) has the highest dividend yield among the stocks above. It has a dividend yield of 19.70%. CIM lost 27.87% so far this year, and its valuation ratios are low. It has a P/B ratio of 0.81 and a P/E ratio of only 5.08, the lowest among the stocks on the list above.

First Niagara Financial Group Inc. (NASDAQ:FNFG) has the lowest P/B ratio. Its P/B ratio is only 0.65 and its P/E ratio is 13.06. The stock lost 33.91% since the beginning of this year and has a dividend yield of 7.31%. Jim Simons’ Renaissance Technologies invested $26 million in FNFG shares.

FMFA Financial, Inc. (NYSE:MFA) also has a relatively low P/E ratio and P/B ratio. Its P/E ratio is 7.32 and P/B ratio is 0.91. The stock was down 9.05% so far this year and has a relatively high dividend yield of 14.86%. Chuck Royce’s Royce & Associates invested $6.9 million in MFA.

New York Community Bancorp Inc. (NYB) is another stock that suffered a double-digit loss this year. The bank holding company has a dividend yield of 8.59% and lost 34.01% so far this year. It has a P/E ratio of 10.03 and P/B ratio of 0.91. Jim Simons is bullish about NYB as well. He had $18.8 million invested in this stock at the end of the third quarter.

Annaly Capital Management, Inc. (NYSE:NLY) owns and manages real estate related investments. NLY has a dividend yield of 14.83% and returned only 0.37% so far this year. It has a P/E ratio of 8.43 and P/B ratio of 0.98.

Ameren Corporation (NYSE:AEE) is a utilities company. AEE has a dividend yield of 5.04% and returned 18.77% so far this year. It has a P/E ratio of 14.05 and P/B ratio of 0.96.

Kayne Anderson MLP Investment Company (NYSE:KYN): Kayne Anderson MLP Investment is a closed-end fund. KYN has a dividend yield of 7.06% and lost 3.36% so far this year. It has a P/E ratio of 9.1 and P/B ratio of 0.97.

Source: 8 Cheap High Dividend Yielding Stocks