As of Friday, the following securities were granting a forward dividend yield that more than doubled the S&P 500 Index's yield of 1.97%. As a result, dividend investors may want to consider taking a position in them.
The first company is National Australia Bank Ltd. (NABZY, Financial). The shares closed at $9.13 for a market capitalization of $51.74 billion on Friday. The stock has a forward dividend yield of 6.38% versus the industry median of 3.31%.
On July 7, the bank paid a semi-annual dividend of 29.1 cents per common share.
The stock has gained 7.41% so far this year. It is trading below the 100- and 50-day simple moving average lines.
The 52-week range is $7.84 to $10.43.
The 14-day relative strength index of 37 suggests the stock is near oversold levels.
The stock has a price-book ratio of 1.38 versus the industry median of 1 and a price-sales ratio of 4.41 compared to the industry median of 2.79.
GuruFocus assigned a rating of 4 out of 10 for the company's financial strength and 2 out of 10 for its profitability and growth.
Wall Street set an overweight recommendation rating for shares of National Australia Bank and established an average price target of $9.33 per share, reflecting a 2.2% increase from the closing price on Friday.
The second company is Sunoco LP (SUN, Financial). The shares closed at $30.86 on Friday for a market capitalization of approximately $2.55 billion. The forward dividend yield is 10.7% versus an industry median of 4.3%.
On Aug. 14, the Dallas-based motor fuels distributor and retailer paid a quarterly dividend of 82.6 cents per share.
The stock has climbed 13.5% so far this year to close on Friday below the 100- and 50-day simple moving average lines.
The 52-week range is $23.8 to $34.09.
The 14-day relative strength index of 42 suggests the stock is neither oversold nor overbought.
The stock has a price-book ratio of 3.31 versus the industry median of 1.09 and a price-sales ratio of 0.15 versus the industry median of 0.26.
GuruFocus assigned a financial strength rating of 4.5 out of 10 and a profitability and growth rating of 4 out of 10.
Wall Street issued a hold recommendation rating for shares of Sunoco and set an average target price of $32.27. The average target price implies 4.6% upside from Friday’s closing price.
The third company is Macerich Co. (MAC, Financial). On Friday, the stock closed at $27.88 per share with a market capitalization of $3.94 billion.
The stock has a forward dividend yield of 10.76% versus the industry median of 5.33%.
Currently, the California-based real estate investment trust pays a quarterly dividend of 75 cents per common share. The next dividend will be distributed on Sept. 6 to shareholders of record as of Aug. 19.
The stock has fallen 36% so far this year to below the 100- and 50-day simple moving average lines.
The 52-week range is $27.67 to $59.2 per share.
The 14-day relative strength index of 28 suggests the stock is oversold.
The stock has a price-book ratio of 1.43 versus the industry median of 1.14 and a price-sales ratio of 4.17 compared to the industry median of 7.5.
GuruFocus assigned a rating of 4 out of 10 for the company's financial strength and a rating of 6 out of 10 for its profitability and growth.
Wall Street recommends a hold rating for shares of Macerich and set an average price target of $39.19 per share, representing 40% upside from Friday's closing price.Ă‚
Disclosure: I have no positions in any securities mentioned.
Read more here:
- These 3 Large Caps Grant High Earnings Returns
- Will These 3-Falling Knives Rebound?Ă‚
- A Trio of High Performing StocksÂ
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.
