Billionaire Stanley Druckenmiller’s 3% Yield and Higher Picks Include Pfizer Inc. (PFE)

Druckenmiller apparently likes defensive megacaps with 3-4% yields; in addition to the stocks we’ve already discussed, he initiated a position of about 350,000 shares in The Procter & Gamble Company (NYSE:PG) in the first quarter of this year. Procter & Gamble trades at 17 times earnings, whether we consider trailing numbers or consensus forecasts for 2014. Revenue and net income were up modestly in its fiscal Q3 (which ended in March) versus a year earlier. Procter & Gamble was one of the largest positions in Warren Buffett’s holding company Berkshire Hathaway’s 13F portfolio (research more stocks Buffett likes).

Rounding out our list is PBF Energy Inc (NYSE:PBF), a $610 million market cap oil and gas refining and marketing company (on average over 1 million shares of the stock are traded per day) which became publicly traded in December 2012. At quarterly dividend payments of 30 cents per share, PBF’s valuation gives it an annual yield of 4.5%. As with many downstream energy stocks in the current market environment, PBF also features relatively low earnings multiples though of course the trailing numbers are partially based on times before the company became publicly traded.

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