Long-term bonds don’t yield enough for retired investors and investors may experience capital losses if interest rates start to creep up. In this environment the best alternative for investors is high dividend stocks. Below we prepared a list of 10 companies that have fat dividends and have low P/E ratios. All companies on this list have a market capitalization above $4 billion, P/E ratio lower than 15 and dividend yield of at least 5%.
1- AT&T, Inc. (T): AT&T is a provider of telecommunications services in the United States and worldwide. T recently traded at $27.8 and has a 6.2% dividend yield. T gained 3% during the past 12 months. The stock has a market cap of $164.4 billion, P/E ratio of 8.4 and Total Debt/Equity ratio of 0.58.
2- Atlantic Power Corporation (AT): Atlantic Power Corporation owns and operates a diverse fleet of power generation and infrastructure assets in the United States. AT recently traded at $14.2 and has a 7.9% dividend yield. AT gained 11.7% during the past 12 months. The stock has a market cap of $4.8 billion, P/E ratio of 5.3 and Total Debt/Equity ratio of 0.23.
3- Cincinnati Financial Corp. (CINF): Cincinnati Financial Corporation is engaged in property casualty insurance marketed through independent insurance agents in 39 states. CINF recently traded at $25.3 and has a 6.3% dividend yield. CINF lost 3.7% during the past 12 months. The stock has a market cap of $4.2 billion, P/E ratio of 14.1 and Total Debt/Equity ratio of 0.17.
4- CenturyLink, Inc. (CTL): Century Link, Inc. is a United States telecommunications firm. CTL recently traded at $33.3 and has a 8.8% dividend yield. CTL lost 8.9% during the past 12 months. The stock has a market cap of $20.3 billion, P/E ratio of 13.9 and Total Debt/Equity ratio of 0.99. CTL is also one of the high dividend stocks with heavy insider purchases.
5- Duke Energy Corporation (DUK): Duke Energy Corp is an energy company primarily located in the Americas. DUK recently traded at $19.8 and has a 5.1% dividend yield. DUK gained 15.8% during the past 12 months. The stock has a market cap of $25.9 billion, P/E ratio of 12.7 and Total Debt/Equity ratio of 0.84.
6- Entergy Corporation (ETR): ETR recently traded at $65.7 and has a 5.2% dividend yield. ETR lost 11.8% during the past 12 months. The stock has a market cap of $11.4 billion, P/E ratio of 9.1 and Total Debt/Equity ratio of 1.39.
7- Eli Lilly & Co. (LLY): Eli Lilly and Company discovers, develops, manufactures and sells pharmaceutical products. LLY recently traded at $35.9 and has a 5.4% dividend yield. LLY gained 7.7% during the past 12 months. The stock has a market cap of $42.3 billion, P/E ratio of 8.6 and Total Debt/Equity ratio of 0.47.
8- Annaly Capital Management, Inc. (NLY): Annaly Capital Management owns, manages and finances a portfolio of real estate related investment. NLY recently traded at $17.5 and has a 14.8% dividend yield. NLY gained 10.5% during the past 12 months. The stock has a market cap of $17 billion, P/E ratio of 6.1 and Total Debt/Equity ratio of 5.69.
9- New York Community Bancorp Inc. (NYB): New York Community Bancorp provides banking products and services in New York, New Jersey, Ohio, Florida, and Arizona. NYB recently traded at $11.8 and has a 8.7% dividend yield. NYB lost 23.3% during the past 12 months. The stock has a market cap of $5.1 billion, P/E ratio of 9.7 and Total Debt/Equity ratio of 0.93.
10- Southern Copper Corp. (SCCO): Southern Copper Corporation provides mining, smelting and refining of mineral properties in South America. SCCO recently traded at $26.1 and has a 8.5% dividend yield. SCCO lost 20.5% during the past 12 months. The stock has a market cap of $21.7 billion, P/E ratio of 10.9 and Total Debt/Equity ratio of 0.69.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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