As of Friday, the following long-term dividend payers grant a forward dividend yield that more than double the S&P 500 Index's yield of 1.89%. As a result, dividend investors may want to consider holding these companies.
Sell-side analysts also assigned a positive recommendation rating of hold to moderate buy, sustaining expectations of profitable investments.
The first company is Sasol Ltd. (SSL, Financial). The stock closed at $17.68 per share on Friday for a market capitalization of $11.15 billion.
The stock has a forward dividend yield of 5.57% versus the industry median of 4.55%.
The GuruFocus chart shows Sasol’s current trailing annual dividend yield is close to its 10-year high, indicating the stock is a profitable investment.
On March 28, the South African chemical and energy company paid a semi-annual dividend of 42.6 cents per common share to its shareholders. The company has paid dividends since April 1985.
The stock has declined 40% so far this year. It is trading below the 120-, 70- and 30-day simple moving average lines.
The 52-week range is $16.92 to $39.39.
The 14-day relative strength index of 39 suggests the stock is neither overbought nor oversold.
GuruFocus assigned a rating of 5.1 out of 10 for the company's financial strength and a 6 out of 10 rating for its profitability and growth.
Wall Street set a moderate buy recommendation rating for shares of Sasol.
The second company is Comerica Inc. (CMA, Financial). The shares closed at $65.79 on Friday for a market capitalization of approximately $9.83 billion.
The forward dividend yield is 4.07% versus the industry median of 3.18%.
The GuruFocus chart shows Comerica’s current trailing annual dividend yield is near its 10-year high, suggesting a profitable stock.
On Oct. 1, the Dallas-based regional bank will pay a quarterly dividend of 67 cents per common share. The company has distributed dividends since January 1985.
The stock has fallen 4% so far this year to close below the 120- and 70-day simple moving average lines on Friday. The share price is still above the 30-day line.
The 52-week range is $58.54 to $93.80.
The 14-day relative strength index of 55 suggests the stock is neither oversold nor overbought.
GuruFocus assigned a financial strength rating of 3.2 out of 10 and a profitability and growth rating of 4 out of 10.
Wall Street issued a hold recommendation rating for shares of Comerica and set an average target price of $73.47.
The third company is Kimco Realty Corp. (KIM, Financial). The stock closed at $20.85 per share on Friday with a market capitalization of $8.80 billion.
The stock has a forward dividend yield of 5.37% versus the industry median of 5.14%.
The chart shows the current trailing annual dividend yield is high versus its historical value, indicating the stock is a profitable investment.
On Oct. 15, the New York-based real estate investment trust will pay a quarterly dividend of 28 cents per common share to shareholders of record as of Oct. 2. The company has paid dividends since February 1992.
The stock has climbed 42% so far this year to close on Friday above the 120-, 70- and 30-day simple moving average lines.
The 52-week range is $14.29 to $20.86 per share.
The 14-day relative strength index of 75 suggests the stock is not far from overbought levels.
GuruFocus assigned a rating of 4 out of 10 for the company's financial strength and a 7 out of 10 rating for its profitability and growth.
Wall Street recommends to hold the stock and has set an average price target of $17.95 per share.
Disclosure: I have no positions in any securities mentioned.
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