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Alberto Abaterusso
Alberto Abaterusso
Articles (1669) 

3 Stocks With Superior Forward Dividend Yields

Enbridge tops the list

April 01, 2019 | About:

In terms of higher dividend yield, the following companies are outperforming the S&P 500 Index, which had a dividend yield of 1.9% at market close on March 29.

Further, these companies are long-term dividend payers and their five-year average dividend yield tops the S&P 500's five-year average yield of 2% by over 4 percentage points.

The first company is Enbridge Inc. (NYSE:ENB) with a closing share price of $36.3 and a market capitalization of $72.88 billion on Friday. The stock has a forward dividend yield of 6.18% versus an industry median of 8.78%. The Canadian midstream oil and gas company has paid dividends since 1985.

The chart below illustrates that the dividend per share grew 2.6% on average every year over the past five years, with the dividend yield moving into a high range of 2.5% to 6.9% over the same period.

1554111745248.png

The stock also has a price-book ratio of 1.42 compared to an industry median of 1.74 and an enterprise value to earnings before interest, taxes, depreciation and amortization ratio of 18 compared to an industry median of 12.84. The share price increased 19% over the 52 weeks through March 29. It is trading above the 200 and 100-day simple moving average lines and on par with the 50-day line. The 52-week range is $28.82 to $37.69.

GuruFocus assigned a rating of 5 out of 10 for both the financial strength and the profitability and growth of the company.

The second company is Australia and New Zealand Banking Group Ltd. (ANZBY), which had a share price of $18.52 and a market capitalization of approximately $52.21 billion at market close on Friday. The forward dividend yield is 6.2% versus an industry median of 3.16%. The Australian bank has paid dividends since 1994.

The chart below shows the dividend per share declined 2% on average every year over the past five years, but the dividend yield has moved into a high range of 4.5% to 8% over the same period.

1554111748801.png

The stock has a price-earnings ratio of 12.32 versus an industry median of 12.36, a price-book ratio of 1.27 versus an industry median of 1.11 and a price-sales ratio of 4.21 compared to an industry median of 3.01.

The share price decreased 10% over the past year through March 29. The chart below also illustrates that the share price is below the 50 and 200-day simple moving average lines and on par with the 100-day line. The 52-week range is $15.98 to $22.28.

GuruFocus assigned a financial strength rating of 4 out of 10 and a profitability and growth rating of 2 out of 10.

The third company is Nissan Motor Co. Ltd. (NSANY). At close on Friday, the stock was trading at $16.42 and the market capitalization was $32.14 billion.

The stock has a forward dividend yield of 6.09% versus an industry median of 2.79%. The Japanese car manufacturer has paid dividends since 1987.

The chart below shows the dividend per share jumped 6% on average every year over the past five years. The dividend yield moved into the high range of 2.6% to 6.3% over the same period.

1554111906165.png

The stock has a price-book ratio of 0.67 versus an industry median of 1.26, a price-sales ratio of 0.3 versus an industry median of 0.63 and an EBITDA ratio of 6.85 compared to an industry median of 8.37.

The share price is below the 200, 100 and 50-day simple moving average lines. The 52-week range is $15.28 to $21.26 per share.

GuruFocus assigned a financial strength rating of 5 out of 10 and a profitability and growth rating of 6 out of 10.

Disclosure: I have no positions in any securities mentioned.

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About the author:

Alberto Abaterusso
If somebody asks what being a value investor means, Alberto Abaterusso would answer, “The value investor is not just the possessor of the security that represents the company, but he is the owner of that company. As an owner of the company the value investor is actively involved in the dynamics of that company and his first concern is how to have sales progressively growing. Also, the value investor is probably one of the most demanding persons in the world concerning sales.”

Abaterusso is a freelance writer based in The Netherlands. He primarily writes about gold, silver and precious metals mining stocks. His articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. Alberto holds an MBA from Università degli Studi di Bari (Italy), Aldo Moro.

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