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High dividends are one thing – they help offset losses or boost returns and can even be used as a source of income if they are stable enough – but if the stocks themselves don’t produce consistent returns, then all those dividends will count for nothing. Instead, investors have to consider a stock’s performance and whether it is priced well. Stocks that lost little during the recent large market declines will tend to be more stable and have performance that is less tied to the performance of the economy overall.

It may sound like a tall order, but there are more stocks that fit this bill than you may realize. Here is a list of 11 stocks that do just that. They cover a range of industries, but they have several characteristics in common – each company is a U.S. stock, with a market cap over $10 billion, a dividend yield over 4% and a one-year return greater than 20%.

Altria Group (NYSE:MO) is a cigarette company. It has a $58.37B market cap and is trading at 13.04 times its forward earnings. It pays a 5.74% dividend yield on a payout ratio of 93.12%. Over the last year, MO has returned 23.58%. It is currently trading at $28.56 a share. Tom Russo’s Gardner Russo & Gardner, Phill Gross and Robert Atchinson’s Adage Capital Management and Cliff Asness’ AQR Capital Management like this company.

Kinder Morgan Energy Partners LP (NYSE:KMP) is an oil and gas pipelines company. It has a $28.13B market cap and is trading at 36.72 times its forward earnings. It pays a 5.49% dividend yield on a payout ratio of 2293.12%. Over the last year, KMP has returned 27.68%. It is currently trading at $84.46 a share. KMP is a favorite pick for Michael Messner’s Seminole Capital, Brian Bares’ Bares Capital Management and Cliff Asness’ AQR Capital Management.

Reynolds American, Inc. (NYSE:RAI) is a cigarette company. It has a $24.03B market cap and is trading at 13.88 times its forward earnings. It pays a 5.43% dividend yield on a payout ratio of 90.96%. Over the last year, RAI has returned 33.39%. It is currently trading at $41.23 a share. David Winters’ Wintergreen Advisors, Jim Simons’ Renaissance Technologies and Cliff Asness’ AQR Capital Management are fans of RAI.

Plains All American Pipeline, LP (NYSE:PAA) is an oil and gas pipelines company. It has a $11.40B market cap and is trading at 17.27 times its forward earnings. It pays a 5.42% dividend yield on a payout ratio of 122.31%. Over the last year, PAA has returned 23.66%. It is currently trading at $73.38 a share. Chuck Royce’s Royce & Associates, Michael Messner’s Seminole Capital and Ken Griffin’s Citadel Investment Group each have positions in the company.

Health Care REIT, Inc. (NYSE:HCN) is a healthcare facilities real-estate investment trust [REIT]. It has a $10.55B market cap and is trading at 48.76 times its forward earnings. It pays a 5.19% dividend yield on a payout ratio of 508.47%. Over the last year, HCN has returned 20.38%. It is currently trading at $55.10 a share. Jason Gottlieb’s Visium Asset Management and Israel Englander’s Millennium Management are fans of HCN.

Williams Partners LP (NYSE:WPZ) is a specialty chemicals company. It has a $17.64B market cap and is trading at 16.15 times its forward earnings. It pays a 4.92% dividend yield on a payout ratio of 100.41%. Over the last year, WPZ has returned 36.17%. It is currently trading at $60.73 a share. Jean-Marie Eveillard’s First Eagle Investment Management and Cliff Asness’ AQR Capital Management like this company.

Duke Energy Corporation (NYSE:DUK) is an electric utilities company. It has a $28.78B market cap and is trading at 15.12 times its forward earnings. It pays a 4.63% dividend yield on a payout ratio of 71.75%. Over the last year, DUK has returned 27.55%. It is currently trading at $21.62 a share. DUK is a top pick for Michael Messner’s Seminole Capital, Israel Englander’s Millennium Management and Jim Simons’ Renaissance Technologies.

Lorillard, Inc. (NYSE:LO) is a cigarette company. It has a $15.29B market cap and is trading at 13.26 times its forward earnings. It pays a 4.59% dividend yield on a payout ratio of 67.51%. Over the last year, LO has returned 45.61%. It is currently trading at $113.27 a share. Jim Simons’ Renaissance Technologies, Jean-Marie Eveillard’s First Eagle Investment Management and Phill Gross and Robert Atchinson’s Adage Capital Management own significant positions in the company.

Progress Energy Inc. (NYSE:PGN) is an electric utilities company. It has a $16.22B market cap and is trading at 17.12 times its forward earnings. It pays a 4.51% dividend yield on a payout ratio of 93.73%. Over the last year, PGN has returned 32.87%. It is currently trading at $54.97 a share. Cliff Asness’ AQR Capital Management, Jim Simons’ Renaissance Technologies and Phill Gross and Robert Atchinson’s Adage Capital Management are fans of PGN.

Southern Company (NYSE:SO) is an electric utilities company. It has a $38.81B market cap and is trading at 16.68 times its forward earnings. It pays a 4.20% dividend yield on a payout ratio of 75.53%. Over the last year, SO has returned 22.86%. It is currently trading at $45.03 a share. Jim Simons’ Renaissance Technologies, Michael Messner’s Seminole Capital and Louis Bacon’s Moore Global Investments like SO.

Pfizer Inc. (NYSE:PFE) is a major drug manufacturing company. It has a $168.88B market cap and is trading at 9.47 times its forward earnings. It pays a 4.01% dividend yield on a payout ratio of 60.54%. Over the last year, PFE has returned 29.46%. It is currently trading at $21.97 a share. PFE is a top holding for Phill Gross and Robert Atchinson’s Adage Capital Management, Frank Brosens’ Taconic Capital and Ken Fisher’s Fisher Asset Management.

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

Source: 11 Rock Solid High Dividend Stocks