Stocks with 5% Dividend Yield

In such a low rate environment, you probably will need to look outside the traditional savings accounts for  a decent yield. Previously, we have discussed a few alternatives to savings accounts if you are not happy with the yield. Another option, though may be not as safe as CDs or money market accounts, is high quality dividend paying stocks (always understand that investing in the stock market is riskier than putting money in bank accounts), some with more than 5% dividend yield at the end of 2010. That’s pretty nice considering that you can only get some 1.0% return of your money from most online high-yield savings account these days.

Early this week, WSJ released a list of dividend-paying stocks. From these, I picked some with highest yields and made the following table.

Top dividend yield stocks

CompanySymbolCurrent PriceDividend RateDividend Yield
Frontier Communications CoFTR$9.45$0.758.00%
CenturyLink IncCTL$44.78$2.90653%
Altria GroupMO$24.03$1.526.31%
AT&T IncT$27.93$1.726.16%
Pitney BowesPBI$24.00$1.466.14%
Reynolds American IncRAI$32.68$1.965.98%
Lorillard IncLO$77.05$.4505.85%
Duke EnergyDUK$17.74$0.985.56%
Verizon CommunicationVZ$35.69$1.955.51%
PPL CorpPPL$25.67$1.405.31%
Bristol-Myers SquibbBMY$25.87$1.325.15%
American Electric PowerAEP$35.60$1.845.12%
HCP IncHCP$36.21$1.865.11%
Cincinnati FinancialCINF$31.84$1.605.05%
CenterPoint EnergyCNP$15.74$0.784.99%

Some of the above mentioned stocks, such as T, MO, and VZ, are also available at ComputerShare for direct purchase (see my ComputerShare review post on how to buy DRIP/DSPP stocks).

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One Response to “Stocks with 5% Dividend Yield”

  1. MyATM Holdings |  Feb 16, 2011 at 1:33 pm

    Thanks for sharing your tips and thoughts. Continue to share your thoughts and ideas. Cheers to you!