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Ken Fisher is the founder and CEO of Fisher Investments and the author of eight books, including four New York Times bestsellers. Ken Fisher has been writing the "Portfolio Strategy" column for Forbes for over 26 years. Since Forbes started measuring returns in 1997, Ken Fisher's picks have outperformed the SPY by 5.2 percentage points on average annually.

In early February, Fisher expressed his forecast for the stock market and global macro-economy for the year ahead. According to Fisher, the growing corporate revenues and profits and attractive stock valuations are likely to continue in 2012.

Fisher Asset Management had 515 securities in its 13F portfolio valued at $37,5 billion at the end of March. Below we've compiled a list of Ken Fisher's high-dividend stock picks from Fisher Asset Management's most recent 13F filing. We required a minimum dividend yield of 4% and market cap of $5 billion. We obtained market data from Finviz and Morningstar, and hedge fund holdings from Insider Monkey.

Stock

Market Cap
(Billion $)

Sector

Dividend Yield

P/E

Beta

Cincinnati Financial (CINF)

5.8

Financial

4.5%

30.4

0.77

Verizon Communications (VZ)

116.2

Technology

4.9%

44.0

0.52

DTE Energy (DTE)

9.6

Utilities

4.2%

13.9

0.6

ConocoPhillips (COP)

66.9

Basic Materials

5.0%

5.8

1.13

PPL Corporation (PPL)

15.9

Utilities

5.3%

9.7

0.39

AT&T (T)

196.6

Technology

5.3%

48.6

0.58

Merck (MRK)

116.2

Healthcare

4.4%

16.9

0.62

Cincinnati Financial Corporation provides property casualty insurance services in the United States. Shares of CINF recently traded at $35.64 with a trailing price to earnings of 30.39 and a forward price to earnings of 23.24. CINF has a 4.53% dividend yield and gained 21.37% during the past 12 months. The stock has a market cap of $5.8 billion and total debt/equity ratio of 0.18. CINF has an estimated growth rate of -2.55% for this year and 5% for next five years. Fisher had $5 million invested in CINF shares.

Verizon provides information, and entertainment products and services worldwide. Shares of VZ recently traded at $41.12 with a trailing price to earnings of 43.97 and a forward price to earnings of 14.6. VZ has a 4.89% dividend yield and gained 15.7% during the past 12 months. The stock has a market cap of $116.2 billion and total debt/equity ratio of 1.41. VZ has an estimated growth rate of 11.55% for this year and 9.23% for next five years. Fisher had $5 million invested in VZ shares.

DTE Energy is an electric and natural gas utility company in Michigan. Shares of DTE recently traded at $56 with a trailing price to earnings of 13.86 and a forward price to earnings of 14.11. DTE has a 4.18% dividend yield and gained 12.16% during the past 12 months. The stock has a market cap of $9.6 billion and total debt/equity ratio of 1.12. DTE has an estimated growth rate of 6.12% for this year and 3.83% for next five years. Fisher had $4 million invested in DTE shares.

ConocoPhillips is an integrated energy company operating worldwide. Shares of COP recently traded at $52.87 with a trailing price to earnings of 5.78 and a forward price to earnings of 7.85. COP has a 4.99% dividend yield and gained 0.84% during the past 12 months. The stock has a market cap of $66.9 billion and total debt/equity ratio of 0.43. COP has an estimated growth rate of 4.33% for this year and 0.36% for next five years. Fisher had $2 million invested in COP shares.

PPL Corporation is an energy and utility holding company operating in the United States and the United Kingdom. Shares of PPL recently traded at $27.27 with a trailing price to earnings of 9.71 and a forward price to earnings of 11.46. PPL has a 5.26% dividend yield and gained 3.01% during the past 12 months. The stock has a market cap of $15.9 billion and total debt/equity ratio of 1.66. PPL has an estimated growth rate of 3.02% for this year and 0.27% for next five years. Fisher had $1 million invested in PPL shares.

AT&T provides wireless and wireline telecommunications services and sales of wireless equipment. Shares of T recently traded at $33.39 with a trailing price to earnings of 48.59 and a forward price to earnings of 13.15. T has a 5.25% dividend yield and gained 13.09% during the past 12 months. The stock has a market cap of $196.6 billion and total debt/equity ratio of 0.63. T has an estimated growth rate of 7.14% for this year and 8.99% for next five years. Fisher had $1 million invested in T shares.

Merck provides medicines and consumer care products. Shares of MRK recently traded at $37.9 with a trailing price to earnings of 16.91 and a forward price to earnings of 10.33. MRK has a 4.4% dividend yield and gained 7.91% during the past 12 months. The stock has a market cap of $116.2 billion and total debt/equity ratio of 0.33. MRK has an estimated growth rate of -3.14% for this year and 4.24% for next five years. Fisher had $1 million invested in MRK shares.

Source: Ken Fisher's 7 High-Dividend Stock Picks