By the Numbers

Highest Yielding Stocks On The S&P

Since Altria spun off Phillip Morris International , its stock is yielding a whopping 13.3%.  There are now five S&P 500 Companies with yields over 10%, most of which are beaten up Financials.  Dividend Yield is defined as annual dividends divided by share price. 

As I mentioned in my last comment on dividends, some of these high yields are not sustainable.  For example, Bear Stearns is number four on the list with a whopping 12% yield.  JP Morgan Chase's takeover of Bear will put an end to that.  Currently JPM has a yield of ~3.2%.

Here are the top 20 yielding stocks of the S&P 500.

Christine Benz, Morningstar's Director of Personal Finance, recently pointed out that investors should look for dividend paying stocks.  However, she suggested stocks with yields over 7% require a lot of homework because they could represent troubled companies.

Data Source: Thomson Reuters