Billionaire Israel Englander’s +3% Yielders Include LyondellBasell Industries NV (LYB)

According to the 13F, Englander was also buying Sempra Energy (NYSE:SRE) between January and March, closing Q1 with 1.4 million shares in his portfolio. Sempra’s dividend payments have also been increasing the past few years, and we get a yield of 3.2% at current prices and dividend levels. We’d note that the trailing earnings multiple is 25- fairly high, even for a utility- and that net income has been down according to recent reports. Investors should be aware that Sempra stores and distributes natural gas as well as providing electricity.

LyondellBasell Industries NV (NYSE:LYB) looks somewhat interesting, at least for investors willing to take on the high market correlation, though of course other chemicals companies might offer better values even if the yields are lower. As far as the utilities go, American Electric Power and Xcel each boast market capitalizations of over $10 billion on top of their high yields and low betas and we think that either could fit well in a dividend portfolio. NextEra might also be worth researching, as we’ve mentioned, to see if the company might increase dividends again.

Disclosure: I own no shares of any stocks mentioned in this article.