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The dividend stock downgrades continued to outpace the upgrades last week when more than 10 dividend-paying stocks were downgraded. We are highlighting the six most recognizable names to help investors stay updated on analyst opinions. Each of these stocks has a dividend yield of 2% or more. We have listed the reason for the downgrade when the investment firm made it available.

Alliant Energy Corp (NYSE:LNT)

Alliant Energy was downgraded by Wunderlich on May 7th from a Buy to a Hold with a price target of $45 per share. Wunderlich cited slower projected growth based on deferred tax balance as the reason for the downgrade. LNT has a dividend yield of 3.9% and a payout ratio of 86%. The company has increased its dividend for 8 years and has a 5-year dividend growth rate of 6.4%.

Analog Devices (NASDAQ:ADI)

Analog Devices was downgraded by UBS from a Buy to Neutral on May 9th with a price target of $40 per share. UBS said the downgrade was based on fading momentum. The downgrade matches previous downgrades UBS has made in the sector. ADI has a dividend yield of 2.8% and a payout ratio of just 41%. The company has increased its dividend for 8 consecutive years and has a 5-year dividend growth rate of 9.%.

Herbalife (NYSE:HLF)

Herbalife was downgrade by Caris & Company from a Buy to Average on May 9th with a price target of $39 per share. Caris said the downgraded was based on a possible announcement from David Einhorn that he has a large short position on the stock. Caris also said that if Einhorn does not announce a short position at the May 16th meeting the stock may pop. HLF has a dividend yield of 2.2% and a payout ratio of 29%. The company has increased its dividend for 2 consecutive years and has a 5-year dividend growth rate of 25%.

Rentech Nitrogen Partners LP (NYSE:RNF)

Dahlman Rose downgraded Rentech from a Buy to a Hold on May 9th. Dalhman Rose said the potential for an exceptional corn crop under a variety of acreage and yield scenarios, counters almost all of the bullish theses for fertilizer shares. We are not focused on the payout ratio for Rentech because it is a limited partnership. RNF has a dividend yield of 4.7%. It is a limited partnership so we are not focused on the payout ratio. The Partnership just started paying distributions in 2012.

RPC Inc (NYSE:RES)

RPC was downgraded by Standpoint Research on May 9th from a Buy to a Hold. Standpoint said the downgrade was based on the fact that shares are over extended after the recent 20% run up. RES has a dividend yield of 2.4% and a payout ratio over 100. The company has a 5-year dividend growth rate of 32%.

JPMorgan Chase (NYSE:JPM)

JPMorgan was downgraded by Stifel Nicolaus and FBR Capital on May 10th. Both investment firms cited future earnings uncertainty after the company disclosed a large, illiquid hedge position which has already resulted in a $2B loss. JPM has a dividend yield of 2.8% and a payout ratio of 23%. The company has increased its dividend for 2 years and has a 3-year dividend growth rate of 60%.

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