The 25 Highest-Yielding Dividend Stocks in March: Seadrill Ltd (SDRL), Boise Inc. (BZ), Windstream Corporation (WIN)

Page 1 of 2

Dividend investing is popular again. Investors have taken to heart Jeremy Siegel’s studies, which show that higher-yielding stocks tend to offer greater returns over time than low- or no-yield stocks.

The highest dividend yields can be very tantalizing. As long as a stock yielding 15% doesn’t lose value, you’ll make 15% in one year! In more cases than not, however, an astronomical yield is a bad sign for a stock. Since dividend yields and stock prices move in opposite directions, a high yield usually means that investors have begun to worry about the business and driven down its stock price.

Seadrill Ltd (NYSE:SDRL)However, certain types of companies such as REITs have to pay out most of their income as dividends, so their yields will be higher than “normal.” Dividends are not guaranteed; you need to make sure that a business is generating enough cash to pay its dividend, or your investment could be disastrous.

I ran a screen for the highest-yielding stocks, the only limitation I’ve set this time is that the dividend stocks must have a market cap greater than $500 million and must be a corporation, so no REITs or MLPs.

Here are the top 25 highest-yielding stocks the screen produced:

Company Name Market Cap (millions) Dividend Yield
1 BoiseBoise Inc. (NYSE:BZ) $860.3 13.80%
2 SeaDrill Seadrill Ltd (NYSE:SDRL) $17,629.6 12.00%
3 Windstream Corporation (NASDAQ:WIN) $5,125.4 11.50%
4 Pitney Bowes Inc. (NYSE:PBI) $2,750.4 11.10%
5 Great Lakes Dredge & Dock Corporation(NASDAQ:GLDD) $580.3 10.40%
6 RR Donnelley & Sons Co (NASDAQ:RRD) $1,900.8 10.10%
7 Vector Group Ltd (NYSE:VGR) $1,442.9 10.10%
8 Wynn Resorts, Limited (NASDAQ:WYNN) $11,700.5 9.87%
9 Ship Finance International Limited (NYSE:SFL) $1,410.9 9.53%
10 Frontier Communications Corp (NASDAQ:FTR) $4,092.9 9.52%
11 Consolidated Communications Holdings Inc (NASDAQ:CNSL) $664.2 9.39%
12 National Presto Industries Inc. (NYSE:NPK) $521.8 8.65%
13 PDL BioPharma Inc. (NASDAQ:PDLI) $977.1 8.60%
14 SouFun Holdings Limited (ADR) (NYSE:SFUN) $1,992.7 8.51%
15 First Financial Bancorp (NASDAQ:FFBC) $896.4 7.90%
16 New York Community Bancorp, Inc. (NYSE:NYCB) $5,909.6 7.41%
17  

 

 

Werner Enterprises, Inc. (NASDAQ:WERN)

 

$1,704.1 7.40%
18 Linn Energy LLC (NASDAQ:LINE) $1,349.4 7.37%
19 Costamare Inc (NYSE:CMRE) $1,214.0 7.05%
20 Capitol Federal Financial, Inc. (NASDAQ:CFFN) $1,813.3 6.89%
21 HCA Holdings Inc (NYSE:HCA) $16,386.9 6.82%
22 VimpelCom Ltd (NYSE:VIP) $19,611.6 6.77%
23 United Online, Inc (NASDAQ:UNTD) $549.6 6.77%
24 Exelon Corporation. (NYSE:EXC) $26,881.8 6.70%
25 Giant Interactive Group Inc (NYSE:GA) $1,550.4 6.69%

Source: S&P Capital IQ.

These stocks are a good place to start your research, but they’re not formal recommendations.

Let’s take a look at the top 3:

Boise Inc. (NYSE:BZ) is first with a trailing yield of 13.8%. Boise does not pay a regular dividend; 2012 was the third year in a row that the company paid a special dividend. In fact, in 2012 the company paid two special dividends: one of $0.48 per share and one of $0.72 per share. On the company’s most recent conference call, when asked about future dividends, Boise’s CEO reiterated the company’s track record of returning capital to shareholders but said he would not commit to anything until later in the year.  While Boise could indeed continue to pay out large dividends, if you are looking for regular dividends, pass on Boise Inc. (NYSE:BZ)

Seadrill Ltd (NYSE:SDRL) is second with a trailing yield of 12%. This is also artificially high as the company accelerated its fiscal fourth-quarter dividend to December, which normally would have been paid in March, to allow investors to get the lower tax rate on dividends, which expired at the beginning of 2013.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!