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High-dividend stocks deliver income and perform much better than the rest of the market, both during market downturns and on the average. Some major market players also have high dividend yields. People can find much more information about large cap stocks, and so therefore, the market valuations for these stocks are more likely to be accurate. If we do not have much intelligence about individual stocks, and we want to invest for dividend payments, choosing high dividend large cap stocks is a good idea.

Below are 7 large cap and high-dividend stocks that have a market cap of over $50 billion, P/E ratio of lower than 20 and a dividend yield higher than 3.4%. The market data is sourced from Finviz and hedge fund holdings are obtained from Insider Monkey.

Stock

Market Cap

Sector*

Dividend Yield

P/E

Beta

Altria Group Inc. (MO)

64.2

1

5.2%

19.1

0.42

Merck & Co. Inc. (MRK)

118.4

2

4.3%

19.2

0.65

Bristol-Myers Squibb Company (BMY)

56.8

2

4.0%

15.6

0.47

Johnson & Johnson (JNJ)

179.7

2

3.5%

18.8

0.54

Philip Morris International, Inc. (PM)

152.6

1

3.5%

18.3

0.86

General Electric Company (GE)

206.2

3

3.5%

15.9

1.6

ConocoPhillips (COP)

95.9

4

3.5%

8.4

1.13

*1-Consumer Goods, 2- Healthcare, 3- Industrial Goods, 4- Basic Materials

1. Altria Group: Altria Group provides cigarettes, smokeless products, and wine in the United States and internationally. MO has the highest dividend yield and the lowest Beta among the stocks which we screened. MO recently traded at $31.36 and has a 5.2% dividend yield. MO gained 26.3% during the past 12 months. The stock has a market cap of $64.2 billion, P/E ratio of 19.1 and Total Debt/Equity ratio of 3.72. MO also had an EPS growth rate of 1.6% during the last five years. Tom Russo's Gardner Russo & Gardner holds the largest position in MO with its $213 million investment. Louis Navellier initiated a $34 million position in MO during the last quarter of 2011.

2. Merck & Co.: Merck & Co. provides various health care products worldwide. MRK recently traded at $38.88 and has a 4.3% dividend yield. MRK gained 22% during the past 12 months. The stock has a market cap of $118.4 billion, P/E ratio of 19.2 and Total Debt/Equity ratio of 0.32.

3. Bristol-Myers Squibb Company: Bristol-Myers Squibb Company is one of the leading biopharmaceutical companies operating worldwide. BMY recently traded at $33.68 and has a 4% dividend yield. BMY gained 29.1% during the past 12 months. The stock has a market cap of $56.8 billion, P/E ratio of 15.6 and Total Debt/Equity ratio of 0.34. BMY also had an EPS growth rate of 28.4% during the last five years.

4. Johnson & Johnson : Johnson & Johnson provides various products in the health care field worldwide. JNJ recently traded at $65.34 and has a 3.5% dividend yield. JNJ gained 13.5% during the past 12 months. The stock has a market cap of $179.7 billion, P/E ratio of 18.8 and Total Debt/Equity ratio of 0.34. JNJ also had an EPS growth rate of -1.4% during the last five years.

5. Philip Morris: Philip Morris manufactures and sells cigarettes and other tobacco products.PM recently traded at $88.64 and has a 3.5% dividend yield. PM gained 40.2% during the past 12 months. The stock has a market cap of $152.6 billion, P/E ratio of 18.3 and Total Debt/Equity ratio of 80.98. PM also had an EPS growth rate of 10.8% during the last five years.

6. General Electric Company: General Electric Company operates as a technology and financial services company worldwide. GE recently traded at $19.49 and has a 3.5% dividend yield. GE lost 1.7% during the past 12 months. The stock has a market cap of $206.2 billion, P/E ratio of 15.9 and Total Debt/Equity ratio of 3.89. GE also had an EPS growth rate of -7.2% during the last five years. Ken Fisher holds the largest position in GE with his $397 million investment. Ken Fisher reduced his position in GE by 30% during the last quarter of 2011.

7. ConocoPhillips: ConocoPhillips operates as an integrated energy company operating worldwide. COP has the lowest P/E ratio among the stocks which we screened. COP recently traded at $75.36 and has a 3.5% dividend yield. COP lost 2.8% during the past 12 months. The stock has a market cap of $95.9 billion, P/E ratio of 8.4 and Total Debt/Equity ratio of 0.35. COP also had an EPS growth rate of -1.5% during the last five years.

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

Source: 7 High Dividend Large Cap Stocks For Income Investors