As of Monday, several stocks are offering a forward dividend yield that is more than 100% higher than the S&P 500 index's dividend yield of 2.05%. As a result, dividend investors may want to consider the following securities.
Shares of The Cato Corp. (CATO, Financial) were trading around $15.30 on Monday. Following a 19% increase for the 52 weeks through Jan. 4, the forward dividend yield is 9.13%. The stock has a market capitalization of about $381 million, a price-book ratio of 1.18 versus an industry median of 1.63 and a price-sales ratio of 0.44 versus an industry median of 0.68.
The share price is below the 200-, 100- and 50-day simple moving average lines. The 52-week range is $10.76 to $26.88.
Cato is a Charlotte, North Carolina-based retailer of women's fashions and accessories.Â
GuruFocus assigned a financial strength rating of 9 out of 10 and a profitability and growth rating of 8 out of 10.
The stock has a hold recommendation rating and an average target price of $23 per share.
Shares of L Brands Inc. (LB, Financial) were trading around $29.2 on Monday. For the 52 weeks through Jan. 4, the share price declined 40% and the forward dividend yield increased to 4.33%. The stock has a market capitalization of about $8 billion, a price-earnings ratio of 10.88 versus an industry median of 19.95 and a price-sales ratio of 0.62 versus an industry median of 0.68.
The share price is below the 200-, 100- and 50-day simple moving average lines and falls within the 52-week range of $23.71 to $53.39.
Based in Columbus, Ohio, L Brands is a retailer of women's intimate and other apparel, beauty and personal care products as well as fragrance products and accessories. The company's flagship brands are Victoria's Secret and Bath & Body Works.Â
GuruFocus has assigned a financial strength rating of 5 out of 10 and a profitability and growth rating of 7 out of 10.
The recommendation rating is 2.7 out of 5 and the average target price is $35.42 per share.
Tessco Technologies Inc. (TESS, Financial) shares were trading around $12.15 on Monday. For the 52 weeks through Jan. 4, the share price decreased 37%, pushing the forward dividend yield up to 6.43%. The stock has a market capitalization of $102.7 million, a price-book ratio of 0.95 versus an industry median of 1.94, a price-sales ratio of 0.16 versus an industry median of 1.41 and a price-earnings ratio of 20.60 versus an industry median of 23.78.
The share price is below the 200- and 100-day simple moving average lines but above the 50-day line. The 52-week range is $10.20 to $24.85.
Tessco is an American company that produces communication equipment.Â
GuruFocus has assigned a financial strength rating of 7 out of 10 and a profitability and growth rating of 4 out of 10.
The recommendation rating is 1 out of 5 and the average target price is $20 per share.
Disclosure: I have no positions in any securities mentioned in this article.
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