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High dividends are a wonderful thing but there is more to picking a dividend-yielding stock than the percentage it yields. For one, dividends are not guaranteed so selecting a stock with a low payout means that the company is more likely to be able to continue paying dividends. Likewise, limiting the search to dividend-yielding stocks that have strong earnings growth can help make sure that the company will have the ability to continue paying dividends.

Using the stock screener at finviz.com, we came up with a list of stocks that do just that - the stocks on this list are US stocks with market caps over $2 billion, pay dividends over 5%, have payout ratios under 80% and enjoy estimated EPS growth rates over 1% per annum for the next five years.

Ares Capital Corp. (NASDAQ:ARCC) is a diversified investments company with a $3.30 billion market cap. It is currently priced at 10.38 times its forward earnings. ARCC pays a 8.95% dividend yield on a 79.96% payout ratio. The company has expected EPS growth of 9.00% per annum over the next five years. It recently traded for $16.09 a share.

Valley National Bancorp (NYSE:VLY) is a regional banking company with a $2.20 billion market cap. It is currently priced at 15.38 times its forward earnings. VLY pays a 5.34% dividend yield on a 79.68% payout ratio. The company has expected EPS growth of 6.60% per annum over the next five years. It recently traded for $12.92 a share.

Verizon Communications, Inc. (NYSE:VZ) is a domestic telecom company with a $110.41 billion market cap. It is currently priced at 15.35 times its forward earnings. VZ pays a 5.13% dividend yield on a 78.58% payout ratio. The company has expected EPS growth of 10.59% per annum over the next five years. It recently traded for $39.00 a share.

PPL Corp. (NYSE:PPL) is an electric utilities company with a $16.08 billion market cap. It is currently priced at 11.39 times its forward earnings. PPL pays a 5.04% dividend yield on a 54.40% payout ratio. The company has expected EPS growth of 5.20% per annum over the next five years. It recently traded for $27.80 a share.

Avon Products, Inc. (NYSE:AVP) is a personal cosmetics company with a $7.85 billion market cap. It is currently priced at 10.41 times its forward earnings. AVP pays a 5.05% dividend yield on a 53.25% payout ratio. The company has expected EPS growth of 9.45% per annum over the next five years. It recently traded for $18.22 a share.

Atlas Pipeline Partners LP (NYSE:APL) is an oil and gas pipelines company with a $2.01 billion market cap. It is currently priced at 22.45 times its forward earnings. APL pays a 5.76% dividend yield on a 7.20% payout ratio. The company has expected EPS growth of 10.00% per annum over the next five years. It recently traded for $37.49 a share.

Exelon Corp. (NYSE:EXC) is a diversified utilities company with a market cap of $26.19 billion. It is priced at 13.08 times its forward earnings. EXC pays a 5.32% dividend yield and has a payout ratio of 57.69%. The company has expected EPS growth of 1.65% per annum over the next five years. It recently traded at $39.50 a share. EXC is a top pick for John A. Levin's Levin Capital Strategies.

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

Source: 7 High-Yield Stocks With Sustainable Payouts