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Do you consider yourself a dividend investor, looking for strong yields and sustainable payouts? If so, we ran a screen you might find interesting.

The forward P/E is a price multiple valuation metric, which is similar to the current P/E ratio, except that it uses the forecasted earnings instead. While this number might not be as accurate because it uses "forecasted" numbers, it does offer the benefit of illustrating analysts' expectations of a firm. If the market believes that earnings will grow moving forward, then the forward P/E should be lower than the current P/E. Financial Leverage, also known as the Equity Multiplier, illustrates how a firm is financing its assets. The lower the number the more a firm is financing its assets internally through stockholder equity. The higher this metric is the more the firm is relying on debt to finance its assets.

The PEG ratio (price/earnings to growth ratio) is a valuation metric for determining the relative trade-off between the price of a stock, the earnings generated per share [EPS], and the company's expected growth. In general, the P/E ratio is higher for a company with a higher growth rate. Thus using just the P/E ratio would make high-growth companies appear overvalued relative to others. It is assumed that by dividing the P/E ratio by the earnings growth rate, the resulting ratio is better for comparing companies with different growth rates. A lower ratio is 'better' (cheaper) and a higher ratio is 'worse' (expensive) - a PEG ratio of 1 means the company is fairly priced.

We first looked for large cap financial dividend stocks. We then looked for businesses with a low price-multiple premium (forward P/E<10)(PEG Ratio < 1). We next screened for businesses that analysts rate as "Buy" or "Strong Buy" (mean recommendation < 3).

Do you think these large-cap stocks have strong enough fundamentals to move higher? Use this list as a starting-off point for your own analysis.

1) AFLAC Inc. (NYSE:AFL)

Sector:Financial
Industry:Accident & Health Insurance
Market Cap:$18.55B
Beta:1.84

AFLAC Inc. has a Dividend Yield of 3.33% and Payout Ratio of 24.97% and Forward Price/Earnings Ratio of 5.76 and Price/Earnings to Growth Ratio of 0.71 and Analysts' Rating of 2.30. The short interest was 1.36% as of 05/30/2012. Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance. The company offers various voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan. It also provides loss-of-income products, such as life and short-term disability plans; and products designed to protect individuals from depletion of assets, which comprise hospital indemnity, fixed-benefit dental, vision care, accident, cancer, critical illness/critical care, and hospital intensive care plans in the United States. The company sells its products through sales associates and brokers, independent corporate agencies, individual agencies, and affiliated corporate agencies.

2) JPMorgan Chase & Co. (NYSE:JPM)

Sector:Financial
Industry:Money Center Banks
Market Cap:$125.47B
Beta:1.32

JPMorgan Chase & Co. has a Dividend Yield of 3.64% and Payout Ratio of 23.90% and Forward Price/Earnings Ratio of 6.10 and Price/Earnings to Growth Ratio of 0.99 and Analysts' Rating of 2.00. The short interest was 0.75% as of 05/30/2012. JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. Its Investment Bank segment offers various investment banking products and services, including advising on corporate strategy and structure, capital-raising in equity and debt markets, risk management, market-making in cash securities and derivative instruments, prime brokerage, and research services for corporations, financial institutions, governments, and institutional investors. The company's Commercial Banking segment provides lending, treasury, investment banking, and asset management services to corporations, municipalities, financial institutions, and not-for-profit entities.

3) Prudential Financial, Inc. (NYSE:PRU)

Sector:Financial
Industry:Life Insurance
Market Cap:$21.88B
Beta:2.37

Prudential Financial, Inc. has a Dividend Yield of 3.11% and Payout Ratio of 34.98% and Forward Price/Earnings Ratio of 6.01 and Price/Earnings to Growth Ratio of 0.96 and Analysts' Rating of 1.90. The short interest was 1.58% as of 05/30/2012. Prudential Financial, Inc., through its subsidiaries, provides various financial products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management services in the United States, Asia, Europe, and Latin America. The company operates through three divisions: The U.S.

*Company profiles were sourced from Finviz. Financial data was sourced from Finviz and Google Finance.

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

Source: 3 Discounted Large Cap Financial Stocks With Sustainable Dividends