Stocks from the High-Yield Equity Dividend Achievers Index with low forward P/E's originally published at long-term-investments.blogspot.com. As you might have known, the research of high quality equities is very expensive and hard work. There is a good way to find high-quality dividend stocks with less work and cost. You discover only indices which cover the best dividend stocks. Bang, that's a very good solution for lazy investors like me. The Dividend Aristocrats Index is a well known index, created by the credit rating agency Standard & Poor's. For advanced investors, Dividend Aristocrats are very boring and it's real annoying to read every time the same stuff from the same companies.
Today I would like to introduce you some of the cheapest dividend paying stocks from the High-Yield Equity Dividend Achievers Index. 50 members are part of the index which is based on the NASDAQ Dividend Achievers 50 Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. If you are interested in a detailed list of all constituents with some major price ratios, you can purchase a current updated factsheet of the 50 index members here.
Back to my screen: Only eleven companies from the index have a forward P/E below 15 and three of them are currently recommended to buy.
Here is the full table with some fundamentals:
Take a closer look at the full list. The average P/E ratio amounts to 15.26 and forward P/E ratio is 12.96. The dividend yield has a value of 4.21 percent. Price to book ratio is 7.34 and price to sales ratio 1.83. The operating margin amounts to 21.38 percent and the beta ratio is 0.74. Stocks from the list have an average debt to equity ratio of 7.81, excluded by Pitney Bowes: 3.03.
Related Stock Ticker Symbols:
PBI, T, ORI, MO, PPL, COP, SCG, LMT, TMP, UVV, CTBI