10 Highest Yielding Semi-Annual Dividend Payers

Who would want to look for a stock that only pays twice a year? I recently wrote articles about stocks that pay monthly, and the highest yielding stocks that pay quarterly. There may be a few reasons. Maybe an investor owns some corporate or municipal bonds, but wants some income coming in, plus growth potential, during the months that no bond income is coming in. Also, an investor may prefer to receive fewer larger checks as opposed to receiving smaller checks more often.

One thing that is interesting to note is that nine out of the top ten semi-annual dividend stocks are foreign companies, which have ADR's that trade in the United States on the New York Stock Exchange.

CPFL Energia S.A. [ADR] (CPL) is a Brazilian-based generator and distributor of electricity. It has paid dividends since 2005. The stock has a P/E of 12 and a PEG of 0.78. The stock pays a yield of 7.41%.

Ruby Tuesday, Inc. (RT) is a casual dining restaurant operator. It has paid dividends since 1990. The stock has a P/E of 12 and a PEG of 0.91. The stock pays a yield of 6.17%.

Allied Irish Banks, plc. [ADR] (AIB) is a Dublin, Ireland-based banking, investment banking, and asset management services company. Dividends have been paid since 2002. The stock has a P/E of 6 and a PEG of 0.34. The stock pays a yield of 7.46%.

Pearson PLC [ADR] (PSO) is a publisher of textbooks and testing and software services. It has been paying dividends since 2001. The stock has a P/E of 18 and a PEG of 2.00. The stock pays a yield of 6.01%.

Westpac Banking Corporation [ADR] (WBK) is an Australian-based banking and financial services company. It has paid dividends since 1989. The stock has a PE of 11 and a PEG of 1.28. The stock pays a yield of 5.14%.

Barclays PLC [ADR] (BCS) is in the business of banking, credit cards, investment banking, wealth management, and investment management services. It has paid semi-annual dividends since 1087. The stock has a P/E of 7 and a PEG of 0.56. The stock pays a yield of 10.17%.

Tomkins plc [ADR] (TKS) is in the business of engineering and manufacturing transmission products, fluid power products, axles and wheels, frames, trailers, automotive accessories, and grease guns. It has paid dividends since 1992. The stock has a P/E of 9 and a PEG of 1.71. The stock pays a yield of 9.40%.

ING Groep N.V. [ADR] (ING) is the Dutch-based banking, investments, life insurance, and retirement services company. Dividends have been paid since 1997. The stock has a P/E of 6 and a PEG of 0.95. The stock pays a yield of 6.74%.

Lloyds TSB Group plc [ADR] (LYG) is the large British banking company. It has paid dividends since 2002. The stock has a P/E of 8 and a PEG of 1.31. The stock pays a yield of 8.45%.

Bank of Ireland [ADR] (IRE) is an Irish-based provider of banking and financial services. The stock has a P/E of 5 and a PEG of 0.28. The stock pays a yield of 5.03%.

By the way, if you are looking for tax free dividends, check out Top Tax Exempt Dividend Stocks.

Disclosure: The author does not own any of the above.

Comments

[User 13958:]

A fine list. It covers a selection on sectors and should be a nice complement to a well-diversified "income" portfolio.

One interesting point also is that based on the US-UK Tax treaty, no witholding tax (on dividends) is made at the UK side.

2008 May 19 02:22 PM

[Urbane Gori...:]

Just bought half a position in CPL this AM.. Expect it to drop a bit more the next time the market turns down... It's a good story.... However, the others bother me a bit.... Several of them are financials, and although they are not US banks, the UK shows signs of that aggravating mange that we just went through...

Also, there are plenty of other dividend payers that not only pay higher, but are in hotter sectors .. Oil and Gas and Shipping .. Off the top of my head DRYS, FRO, HTE (which I wouldn't buy... ) PGH, ... Thx jegan ;-)

2008 May 19 04:18 PM

[DutchMark:]

You forgot CSE, it pays a damn fine dividend every 6 months. And then again 3 months later :)

And one of my favourites that really pays twice a year: PAC. Very cheap recently.

2008 May 20 02:36 PM

[InvestingPe...:]

Another high dividend company to add to that list would be HRP. HRP has a forward and trailing yield of about 11.5% with a PE ratio of about 6.7. The dividend has consistently been paid every quarter for the last 20 years. Our full recommendation on HRP can be found here: investingpennies.com/i...

2008 Jun 11 01:33 PM

[bargaincrus...:]

Could someone tell me how long need to be in a stock to get dividend. And what are chances they will pay same dollar as previous years. I have purchased these high yielders but not sure when they pay, or how much. Thanks if you can assist me with knowledge. CMO GKK IRE shows the payout percent may be high but do they lower as profits lower usually?

2008 Oct 28 01:53 PM