Investors are always looking for a stock that can make them money in this unstable global economy. Dividend investors have found that high dividends are the best yield they have going right now. Here are two companies with dividends around 5.1% that are worth looking at.
Cincinnati Financial Corp (CINF)
It engages in the property casualty insurance business in the United States. Its Commercial Lines Property Casualty Insurance segment provides coverage for (click to enlarge)
commercial casualty, commercial property, commercial auto, and workers' compensation. It also offers specialty packages, including coverage for property, liability, and business interruption for specific industry classes, such as artisan contractors, dentists, or street businesses. In addition, this segment provides contract and commercial surety bonds, fidelity bonds, and director and officer liability insurance, as well as machinery and equipment coverage. (Yahoo Finance)
Dividend Yield: 5.1%
The company should be having a good second quarter here in 2012. Since it is a property casualty insurance company, it has seen lower loses in the second quarter with favorable pricing trends. The impact will be about 40 points less than a year ago and this is good. It estimated its second-quarter 2012 property casualty combined ratio will be in the range of 108 percent to 112 percent, with continued strong core underwriting profits partially offsetting significant storm-related losses. The company like many others has been downsizing and let go 100 workers over the last year. With a dividend of 5.1% this is a company to look at as an income alternative to low priced bonds.
Integrys Energy Group (TEG)
The company engages in natural gas and electric utility operations, and non regulated energy operations in the United States and Canada. The company (click to enlarge)
provides natural gas service to approximately 1,682,000 residential, commercial and industrial, transportation, and other customers in Chicago and the northern suburbs of Chicago; northeastern Wisconsin and an adjacent portion of Michigan's Upper Peninsula. (Yahoo Finance)
Dividend Yield: 5.1%
Daniel J. Verbanac, president of the company recently sold 7656 shares of his stock at a total value of $436,009.00. Whether this is a sign of a time to sell I could not say, but the stock just looks like it just broke out of an ascending triangle which is a continuation pattern. So we could have two conflicting signs here. Since there are numerous reasons to sell a stock I will lean toward the continuation triangle that it will remain bullish.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
