Dividend investors may want to consider the following stocks as their forward dividend yields are thrashing the S&P 500 Index's yield of 1.92% as of Friday.
The first company is Duke Energy Corp. (DUK, Financial). Shares of the Charlotte, North Carolina-based electric power company closed at $95.35 on Friday for a market capitalization of $69.47 billion.
The stock has a forward dividend yield of 3.96% versus the industry median of 3.6%.
As you can see in the GuruFous chart below, Duke Energy's current trailing annual dividend yield is moderately high compared to its historical value, indicating the stock is still profitable.
Currently, Duke Energy pays a quarterly dividend of 94.5 cents per common share.
Following a 10% rise so far this year, the share price is now abundantly over the 70- and 120-day simple moving average lines.
The 52-week range is $80.89 to $97.37
The 14-day relative strength index of 53 suggests the stock is neither overbought nor oversold.
The stock has a price-earnings ratio of 21.14 versus the industry median of 16.7 and a price-sales ratio of 2.78 compared to the industry median of 1.39.
GuruFocus assigned a rating of 3 out of 10 for the company's financial strength and a rating of 7 out of 10 for its profitability.
Wall Street issued a hold recommendation rating for shares of Duke Energy and established an average price target of $97.41 per share.
The second company is 3M Co. (MMM, Financial).
Shares of the Saint Paul, Minnesota-based international conglomerate closed at $163.1 on Friday for a market capitalization of approximately $93.83 billion.
The forward dividend yield is 3.53% versus the industry median of 2.29%.
The GuruFocus chart illustrates that the current trailing annual dividend yield of 3MÂ is high compared to its historical value. GuruFocus recommends buying stocks at higher yields versus their historical values to have more possibilities of discovering profitable investments.
Currently, 3M pays a quarterly dividend of $1.44 per common share.
The stock has declined 14% so far this year, below the 120- and 70-day simple moving average lines.
The 52-week range is $150.58 to $219.75.
The 14-day relative strength index of 55 suggests the stock is neither oversold nor overbought.
The stock has a price-earnings ratio of 19.7 versus the industry median of 16.91 and a price-sales ratio of 3 compared to the industry median of 1.02.
GuruFocus assigned a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.
Wall Street issued a hold recommendation rating for shares of 3M and estabihed an average target price of $173.
The third company is Coca-Cola Femsa S.A.B. de C.V. (KOF, Financial).
Shares of the Mexican global beverage company closed at $57.66 per share on Friday with a market capitalization of $12.11 billion.
The stock has a forward dividend yield of 3.1% compared to the industry median of 2.49%.
The chart shows that the current trailing annual dividend yield of Coca-Cola Femsa is high compared to its historical values, suggesting the stock is profitable.
On Nov. 12, the company will pay a semi-annual dividend of 89.4 cents per ordinary share.
The share price has decreased 5% so far this year to below the 120- and 70-day simple moving average lines.
The 52-week range is $56.19 to $69 per share.
The 14-day relative strength index of 34 suggests the stock is approaching oversold levels.
The stock has a price-earnings ratio of 17.94 versus the industry median of 22.33 and a price-sales ratio of 5.14 versus the industry median of 1.37.
GuruFocus assigned a rating of 5 out of 10 for the company's financial strength and of 6 out of 10 for its profitability.
Wall Street issued an overweight recommendation rating for shares of Coca-Cola Femsa.
Disclosure: I have no positions in any securities mentioned.
Read more here:
- A Trio of Fairly Priced Stocks That Analysts Expect to Trade Higher
- Wall Street Expects These 2 Falling Knives to Recover
- Analysts Expect Three Strong Performers to Move Higher
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