20 Rallying High Yield Stocks With Excellent Dividend Coverage

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Includes: ABT, ADI, BAX, CEG, CUK, DRI, INTC, IP, LLL, LMT, NOC, NSC, PNW, PRM, RLI, RSG, SPKKY, TFX, TMX, WRK
by: Kapitall

Are you looking to boost your portfolio’s income? If so, this may be an interesting starting point for your own analysis.

To construct this list we looked for companies trading above their 20-, 50-, and 200-day moving averages. We then focused on those names with a dividend yield greater than 2%. Lastly, we calculated trailing twelve month (TTM) operating cash-flow per share and found those candidates that had the best dividend coverage.


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We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.




Considering the risks of investing in high yield securities, which of these stocks are you most bullish about?

1. Constellation Energy Group, Inc. (NYSE:CEG): Electric Utilities Industry. Market cap of $7.41B. This stock is trading 4.87% above its 20-day MA, 11.97% above its 50-day MA, and 19.53% above its 200-day MA. Dividend yield at 2.6%, annual dividend per share at $0.96. With TTM operating cash flow at $1.76B, the company's operating cash flow per share / dividend per share ratio stands at 9.13. The stock has had a good month, gaining 11.93%.

2. L-3 Communications Holdings Inc. (NYSE:LLL)
: Aerospace/Defense Products & Services Industry. Market cap of $9.75B. This stock is trading 4.91% above its 20-day MA, 6.57% above its 50-day MA, and 14.37% above its 200-day MA. Dividend yield at 2.2%, annual dividend per share at $1.8. With TTM operating cash flow at $1.41B, the company's operating cash flow per share / dividend per share ratio stands at 7.38. The stock has had a good month, gaining 12.36%.

3. Telecom Corp. of New Zealand Ltd. (NZT): Telecom Services Industry. Market cap of $3.48B. This stock is trading 3.74% above its 20-day MA, 11.96% above its 50-day MA, and 14.7% above its 200-day MA. Dividend yield at 5.2%, annual dividend per share at $0.47. With TTM operating cash flow at $1.16B, the company's operating cash flow per share / dividend per share ratio stands at 6.41. The stock has had a good month, gaining 16.62%.

4. Republic Services, Inc. (NYSE:RSG): Waste Management Industry. Market cap of $12.25B. This stock is trading 3.68% above its 20-day MA, 6.95% above its 50-day MA, and 8.57% above its 200-day MA. Dividend yield at 2.5%, annual dividend per share at $0.8. With TTM operating cash flow at $1.57B, the company's operating cash flow per share / dividend per share ratio stands at 5.17. The stock has gained 11.3% over the last year.

5. Northrop Grumman Corporation (NYSE:NOC): Conglomerates Industry. Market cap of $18.96B. This stock is trading 2.09% above its 20-day MA, 4.11% above its 50-day MA, and 11.77% above its 200-day MA. Dividend yield at 3.1%, annual dividend per share at $2.0. With TTM operating cash flow at $2.86B, the company's operating cash flow per share / dividend per share ratio stands at 4.89. The stock has gained 15.7% over the last year.

6. Carnival plc (NYSE:CUK): General Entertainment Industry. Market cap of $33.08B. This stock is trading 2.92% above its 20-day MA, 3.56% above its 50-day MA, and 1.26% above its 200-day MA. Dividend yield at 2.3%, annual dividend per share at $1.0. With TTM operating cash flow at $3.83B, the company's operating cash flow per share / dividend per share ratio stands at 4.84. The stock has gained 6.74% over the last year.

7. RLI Corp. (NYSE:RLI): Property & Casualty Insurance Industry. Market cap of $1.25B. This stock is trading 0.91% above its 20-day MA, 3.2% above its 50-day MA, and 12.88% above its 200-day MA. Dividend yield at 2.0%, annual dividend per share at $1.2. With TTM operating cash flow at $120.62M, the company's operating cash flow per share / dividend per share ratio stands at 4.77. The stock is a short squeeze candidate, with a short float at 9.01% (equivalent to 21.82 days of average volume). The stock has gained 20.78% over the last year.

8. Darden Restaurants, Inc. (NYSE:DRI): Restaurants Industry. Market cap of $6.85B. This stock is trading 3.01% above its 20-day MA, 4.75% above its 50-day MA, and 8.31% above its 200-day MA. Dividend yield at 2.5%, annual dividend per share at $1.28. With TTM operating cash flow at $811.00M, the company's operating cash flow per share / dividend per share ratio stands at 4.64. The stock has gained 17.55% over the last year.

9. Norfolk Southern Corp. (NYSE:NSC):
Railroads Industry. Market cap of $25.21B. This stock is trading 0.46% above its 20-day MA, 3.93% above its 50-day MA, and 14.54% above its 200-day MA. Dividend yield at 2.2%, annual dividend per share at $1.6. With TTM operating cash flow at $2.61B, the company's operating cash flow per share / dividend per share ratio stands at 4.62. The stock has gained 25.74% over the last year.

10. Pinnacle West Capital Corporation (NYSE:PNW): Electric Utilities Industry. Market cap of $4.93B. This stock is trading 3.93% above its 20-day MA, 6.14% above its 50-day MA, and 11.47% above its 200-day MA. Dividend yield at 4.6%, annual dividend per share at $2.1. With TTM operating cash flow at $1.01B, the company's operating cash flow per share / dividend per share ratio stands at 4.41. The stock has gained 30.71% over the last year.

11. Baxter International Inc. (NYSE:BAX): Medical Instruments & Supplies Industry. Market cap of $34.05B. This stock is trading 4.2% above its 20-day MA, 9.1% above its 50-day MA, and 19.53% above its 200-day MA. Dividend yield at 2.1%, annual dividend per share at $1.24. With TTM operating cash flow at $3.10B, the company's operating cash flow per share / dividend per share ratio stands at 4.38. The stock has had a good month, gaining 11.03%.

12. Intel Corporation (NASDAQ:INTC):
Semiconductor Industry. Market cap of $125.34B. This stock is trading 3.84% above its 20-day MA, 11.07% above its 50-day MA, and 15.09% above its 200-day MA. Dividend yield at 3.1%, annual dividend per share at $0.72. With TTM operating cash flow at $16.63B, the company's operating cash flow per share / dividend per share ratio stands at 4.36. The stock has had a good month, gaining 21.67%.

13. International Paper Co. (NYSE:IP): Paper & Paper Products Industry. Market cap of $13.75B. This stock is trading 2.55% above its 20-day MA, 9.0% above its 50-day MA, and 22.38% above its 200-day MA. Dividend yield at 3.3%, annual dividend per share at $1.05. With TTM operating cash flow at $1.99B, the company's operating cash flow per share / dividend per share ratio stands at 4.33. This is a risky stock that is significantly more volatile than the overall market (beta = 2.21). The stock has gained 36.62% over the last year.

14. PRIMEDIA Inc. (NYSE:PRM):
Publishing Industry. Market cap of $312.88M. This stock is trading 47.73% above its 20-day MA, 51.03% above its 50-day MA, and 68.59% above its 200-day MA. Dividend yield at 6.4%, annual dividend per share at $0.28. With TTM operating cash flow at $51.01M, the company's operating cash flow per share / dividend per share ratio stands at 4.09. Exhibiting strong upside momentum--currently trading 47.73% above its SMA20, 51.03% above its SMA50, and 68.59% above its SMA200. The stock has had a couple of great days, gaining 57.05% over the last week.

15. Analog Devices Inc. (NASDAQ:ADI): Semiconductor Circuits Industry. Market cap of $12.15B. This stock is trading 0.5% above its 20-day MA, 2.86% above its 50-day MA, and 13.33% above its 200-day MA. Dividend yield at 2.2%, annual dividend per share at $0.88. With TTM operating cash flow at $994.15M, the company's operating cash flow per share / dividend per share ratio stands at 3.77. The stock has gained 46.97% over the last year.

16. Telefonos de Mexico, S.A.B. de C.V. (NYSE:TMX): Long Distance Carriers Industry. Market cap of $16.79B. This stock is trading 0.18% above its 20-day MA, 2.44% above its 50-day MA, and 14.71% above its 200-day MA. Dividend yield at 4.8%, annual dividend per share at $0.9. With TTM operating cash flow at $2.89B, the company's operating cash flow per share / dividend per share ratio stands at 3.55. The stock has gained 38.69% over the last year.

17. Teleflex Incorporated (NYSE:TFX): Medical Instruments & Supplies Industry. Market cap of $2.53B. This stock is trading 0.58% above its 20-day MA, 5.28% above its 50-day MA, and 12.26% above its 200-day MA. Dividend yield at 2.2%, annual dividend per share at $1.36. With TTM operating cash flow at $190.99M, the company's operating cash flow per share / dividend per share ratio stands at 3.49. The stock has gained 10.21% over the last year.

18. Lockheed Martin Corporation (NYSE:LMT): Aerospace/Defense Products & Services Industry. Market cap of $27.90B. This stock is trading 1.01% above its 20-day MA, 0.06% above its 50-day MA, and 8.13% above its 200-day MA. Dividend yield at 3.8%, annual dividend per share at $3.0. With TTM operating cash flow at $3.58B, the company's operating cash flow per share / dividend per share ratio stands at 3.44. The stock has gained 2.54% over the last year.

19. MeadWestvaco Corporation (MWV): Packaging & Containers Industry. Market cap of $5.67B. This stock is trading 0.17% above its 20-day MA, 7.06% above its 50-day MA, and 24.5% above its 200-day MA. Dividend yield at 3.0%, annual dividend per share at $1.0. With TTM operating cash flow at $539.00M, the company's operating cash flow per share / dividend per share ratio stands at 3.18. The stock has gained 38.07% over the last year.

20. Abbott Laboratories (NYSE:ABT): Drug Manufacturers Industry. Market cap of $83.93B. This stock is trading 2.19% above its 20-day MA, 6.75% above its 50-day MA, and 9.85% above its 200-day MA. Dividend yield at 3.6%, annual dividend per share at $1.92. With TTM operating cash flow at $9.22B, the company's operating cash flow per share / dividend per share ratio stands at 3.1.The stock has gained 15.61% over the last year.

*Data sourced from Yahoo! Finance and Finviz.

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