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I don't know a single person who wouldn't want to get paid for doing nothing. Just think about it: sitting on the couch, watching TV, and eating greasy, fattening potato chips while getting paid. It sounds pretty great, I know. But what if I told you that you could get paid for doing nothing? And I'm not talking about some boring old blue chip yielding 3%, but some lesser known names paying three times that. It sounds too good to be true, but it really isn't.

What about capital gains? Sure, share price appreciation is great too, but with such volatility filling the market, an entire year's gains can be wiped out in a matter of days. A dividend, on the other hand, is cash put into your pocket. As long as the company remains fundamentally strong, you get to sleep well at night knowing that dividends help protect your investment from any possible downside risk.

Every three months you get your little sliver of the pie, and if you're patient enough, you might just have your own bakery one day. So now that we've established the power of dividends, here are five companies (more specifically four companies and one trust) that generously reward investors in cold hard cash.

CVR Partners, LP (UAN)

  • Market Cap: $1.81 billion
  • Current Share Price: $24.78
  • 52 Week Range: $18.66-$31.00
  • P/E: 14.92
  • PEG: N/A
  • Price/Book Value: 3.74
  • Profit Margin: 45.08%
  • Return On Equity: 32.38%
  • Total Cash: $225.57 million
  • Total Debt: $127.39 million
  • *Dividend (%): $2.09 (8.43%)
  • Payout Ratio: 83%

(Find more stats here.)

Yahoo Finance Business Summary: "CVR Partners, LP engages in the production, distribution, and marketing of nitrogen fertilizers in North America. Its nitrogen fertilizer products include ammonia and urea ammonium nitrate. The company was founded in 2007 and is based in Sugar Land, Texas. CVR Partners, LP is a subsidiary of CVR Energy, Inc. (CVI)."

*The dividend shown is the total of dividends paid in the past four quarters, and varies from quarter to quarter more so than other companies.

New York Community Bancorp Inc. (NYB)

  • Market Cap: $5.57 billion
  • Current Share Price: $12.69
  • 52 Week Range: $11.13-$15.48
  • P/E: 11.75
  • PEG: 3.52
  • Price/Book Value: 1.00
  • Profit Margin: 35.86%
  • Return On Equity: 8.55%
  • Total Cash: $2.37 billion
  • Total Debt: $14.28 billion
  • Dividend (%): $1.00 (7.88%)
  • Payout Ratio: 93%

(Find more stats here.)

Yahoo Finance Business Summary: "New York Community Bancorp, Inc. operates as a multi-bank holding company for New York Community Bank and New York Commercial Bank that offer banking products and services in New York, New Jersey, Ohio, Florida, and Arizona. The company’s deposit products include checking and savings accounts, certificates of deposit, individual retirement accounts, NOW and money market accounts, and non-interest-bearing accounts. Its lending portfolio comprises one-to-four family loans; multi-family loans; commercial real estate loans; acquisition, development, and construction loans; home equity lines of credit; commercial and industrial loans; and consumer loans. New York Community Bancorp, Inc. also provides installment loans, revolving lines of credit, cash management, online banking, automated teller machine, and phone banking services."

Energy Transfer Partners LP (ETP)

  • Market Cap: $10.25 billion
  • Current Share Price: $44.66
  • 52 Week Range: $38.08-$51.00
  • P/E: 8.95
  • PEG: 2.23
  • Price/Book Value: 1.56
  • Profit Margin: 23.75%
  • Return On Equity: 25.80%
  • Total Cash: $156.55 million
  • Total Debt: $8.85 billion
  • Dividend (%): $3.56 (7.97%)
  • Payout Ratio: 75%

(Find more stats here.)

Yahoo Finance Business Summary: "Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Midstream segment gathers, compresses, treats, blends, processes, and markets natural gas in the Austin Chalk trend and Eagle Ford Shale, Bossier Sands, and Barnett Shale in Texas; the Permian Basin in west Texas and New Mexico; the Uinta and Piceance Basins in Utah and Colorado; the Marcellus Shale in West Virginia; and the Haynesville Shale in east Texas and Louisiana... Energy Transfer Partners, L.P. was founded in 2002 and is based in Dallas, Texas."

*SandRidge Mississippian Trust I (SDT)

  • Market Cap: N/A
  • Current Share Price: $25.95
  • 52 Week Range: $18.76-$36.97
  • P/E: N/A
  • PEG: N/A
  • Price/Book Value: N/A
  • Profit Margin: N/A
  • Return On Equity: N/A
  • Total Cash: N/A
  • Total Debt: N/A
  • *Dividend (%): $3.47 (13.4%)
  • Payout Ratio: N/A

Note: SandRidge Mississippian Trust I doesn't actually operate as a traditional company. It's a trust, formed by SandRidge Energy (SD), which owns royalty interests in wells explored by SandRidge Energy. These royalties are then paid out to unit holders on a quarterly basis. The trust is set to expire in the fourth quarter of 2031.
*The dividend shown is the total of dividends paid in the past four quarters, and varies from quarter to quarter more so than other companies.

SeaDrill Limited (SDRL)

  • Market Cap: $16.80 billion
  • Current Share Price: $35.90
  • 52 Week Range: $24.68-$42.34
  • P/E: 17.93
  • PEG: 0.21
  • Price/Book Value: 2.84
  • Profit Margin: 23.22%
  • Return On Equity: 15.75%
  • Total Cash: $465 million
  • Total Debt: $10.67 billion
  • Dividend (%): $3.28 (9.14%)
  • Payout Ratio: 155%*

(Find more stats here.)

Yahoo Finance Business Summary: "Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. Its services include drilling, completion, and maintenance of offshore wells; production drilling and well maintenance; and well services. The company owns and operates a fleet of 59 offshore drilling units, which consist of 13 semi-submersible rigs, 9 drillships, 21 jack-up rigs, and 16 tender rigs for operations in shallow, mid and deepwater areas, and in benign and harsh environments. It serves oil and gas exploration and production companies, including integrated oil companies, independent oil and gas producers, and government-owned oil and gas companies. Seadrill Limited was founded in 1972 and is based in Hamilton, Bermuda."

*Such a high payout ratio is usually a warning sign; but SeaDrill has strong operating cash flow which should support such large payouts.

All of the above companies pay out very generous dividends (an average of about 9.4%), so growth is limited (with the exception of SeaDrill, which is continuing to expand its fleet). But if you're looking for some stocks that pay you to do nothing, this list is a place to start. Keep in mind that high dividend yields can also be seen as red flags, so be sure to do your own research into these companies to make sure that their fundamentals are still intact. But from a glance, it seems like an income investor's paradise.

Source: A 9% Dividend Portfolio For Income Investors