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Current DateTime: 08:30:53 22 Nov 2009
LinksList Documentid: 30328029
4 High Dividend Yielding Stocks: Portfolio Manager
Published: Tuesday, 3 Nov 2009 | 1:00 PM ET
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By: JeeYeon Park
CNBC News Associate

Dividends can be a way for investors to effectively safeguard returns during volatile times. John Dorfman, portfolio manager of Dorfman Value Fund and chairman of Thunderstorm Capital, shared some of his best picks to “pay while you wait” for the next rally.

“You can certainly get high 4-percent in some interesting stocks such as Merck [MRK  Loading...      ()   ] and Overseas Shipholding Group [OSG  Loading...      ()   ]—those are two of my favorites among my holdings,” Dorfman told CNBC.

Although companies like Overseas Shipholding are “not totally safe” because of pressure on tanker rates, it’s likely that “it’s going to be preserved,” said Dorfman.

As to stocks that offer more than 6 percent in dividend yields, Dorfman declared, “they come with some risk, but that doesn’t mean one should never do it."

“You can get 6 percent in Duke Energy [DUK  Loading...      ()   ], which is an interesting utility name," he said. "Again, the payout ratio is very high—but I suspect the economy will bail them out.”

Dorfman added that World Wrestling Entertainment [WWE  Loading...      ()   ] is speculated to offer around 10 percent in dividends to investors.

And Don't Miss:

Joseph Keating of RBC Bank is focused on "very safe, secure dividends." Read his 12 stock recommendations.

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Disclosures:

No immediate information was available for Dorfman or his firm.

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Current DateTime: 02:42:15 22 Nov 2009
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