Investors looking to add stocks for the long-term (5 years or more) can consider companies in the utility, telecom and other sectors that generally have high dividend yields. These sectors pay dividends of more than 4% – which is double of the yield on the S&P 500 index.
Five stocks currently yielding more than 4% dividends are listed below for consideration. These are stable and well-established companies with consistent dividend payouts year after year. Holding these stocks for more than 5-years should yield above average returns especially with reinvestment of dividends.
1.Company: AT&T Inc (T)
Current Dividend Yield: 5.10%
Sector: Telecom
2.Company: Verizon Communications Inc (VZ)
Current Dividend Yield: 4.64%
Sector: Telecom
3.Company: Exelon Corp (EXC)
Current Dividend Yield: 6.76%
Sector: Electric utilities
4.Company: Dominion Resources Inc (D)
Current Dividend Yield: 4.14%
Sector: Electric utilities
5.Company: Consolidated Edison Inc (ED)
Current Dividend Yield: 4.30%
Sector: Electric utilities
Note: Dividend yields noted are as of Feb 8, 2013
Disclosure: No Positions
