If you're a long-time reader of StreetAuthority, you know by now that we almost never recommend stocks with yields higher than 10%.
If the yield is higher than that, it's usually a sign that the company's fundamentals are sagging, investors are bracing for a dividend cut -- or worse...
But today, I'm going to show you how to break one of the cardinal rules of safe income investing and buy a stock yielding 17% without losing a single night's sleep.
Top Dividend Stocks To Own For 2015: Pacific Gas & Electric Co.(PCG)
PG&E Corporation, through its subsidiaries, operates as a public utility company that engages in electricity and natural gas distribution primarily in northern and central California. The company also involves in the generation, procurement, transmission, and distribution of electricity; and procurement, transportation, storage, and distribution of natural gas. It owns and operates electricity generation facilities, transmission and distribution lines, and substations; and an integrated natural gas transportation, storage, and distribution system, as well as has underground natural gas storage fields in California. The company serves residential, commercial, industrial, agricultural, public street and highway lighting, and other electric utility customers. As of December 31, 2009, it served approximately 5.1 million electricity distribution customers and approximately 4.3 million natural gas distribution customers. The company also operated 18,650 circuit miles of intercon nected transmission lines and 141,213 circuit miles of distribution lines for electricity; and 42,142 miles of distribution pipelines, 6,438 miles of backbone and local transmission pipelines, and 3 storage facilities for natural gas. PG&E Corporation was founded in 1905 and is based in San Francisco, California.
Advisors' Opinion:- [By Richard Stavros]
The Top Low-Carbon Utilities
PG&E Corp (NYSE: PCG) Exelon Corp (NYSE: EXC) Entergy Corp (NYSE: ETR) Public Service Enterprise Group Inc (NYSE: PEG) NextEra Energy Inc (NYSE: NEE) Dominion Resources Inc (NYSE: D) Sempra Energy (NYSE: SRE)But that is not to say that, over the long term, high-carbon utilities might not be able to crack the technology and cost issues that would make “clean coal” competitive with other low-carbon energy sources. Secretary of Energy Ernest Moniz has said, “No discussion of US energy security and reducing global CO2 emissions is complete without talking about coal and the technologies that will allow us to use this resource more efficiently and with fewer greenhouse gas emissions.”
- [By Rich Duprey]
Utility operator�PG&E (NYSE: PCG ) announced yesterday its second-quarter dividend of $0.455 per share, the same rate it's paid since 2010.
- [By Alex Planes]
The CELC grew throughout the 19th century, but it was nearly destroyed by the catastrophic earthquake that struck San Francisco in 1906. It became part of Pacific Gas and Electric (NYSE: PCG ) shortly after the city rebuilt. Today, PG&E is not only the largest public utility company in the United States, but it's also continued the legacy of the CELC as one of the world's most innovative utilities. It was the first utility in the United States to operate a nuclear power plant, and it currently commands by far the largest solar-energy capacity of any utility in the country.
Top Dividend Stocks To Own For 2015: Abbott Laboratories(ABT)
Abbott Laboratories engages in the discovery, development, manufacture, and sale of health care products worldwide. The company offers adult and pediatric pharmaceuticals for rheumatoid and psoriatic arthritis, ankylosing spondylitis, psoriasis, and Crohn's disease; dyslipidemia; HIV infection; prostate cancer, endometriosis and central precocious puberty, and anemia caused by uterine fibroids; respiratory syncytial virus; adult males who have low or no testosterone; secondary hyperparathyroidism; hypothyroidism; and pancreatic exocrine insufficiency, as well as anesthesia products. It also provides diagnostic products, such as immunoassay systems; chemistry systems; assays used for screening and/or diagnosis for drugs of abuse, cancer, therapeutic drug monitoring, fertility, physiological, and infectious diseases; instruments that automate the extraction, purification, and preparation of DNA and RNA from patient samples, and detect and measure infections agents; genomic-b ased tests; hematology systems and reagents; and point-of-care diagnostic systems and tests for blood analysis. In addition, the company offers a line of pediatric and adult nutritional products. Further, it provides coronary, endovascular, vessel closure, and structural heart devices, such as drug-eluting stent systems, coronary metallic stents, balloon dilatation products, coronary guidewires, vessel closure devices, carotid stent systems, percutaneous valve repair systems, and drug eluting bioresorbable vascular products. Additionally, the company provides blood glucose monitoring meters, test strips, data management software, and accessories for people with diabetes; and medical devices for the eye, including cataract surgery, lasik surgery, contact lens, and dry eye products, as well as branded generic pharmaceutical products. Abbott primarily serves retailers, wholesalers, hospitals, and health care facilities. Abbott was founded in 1888 and is headquartered in Abbott Park, Illinois.
Advisors' Opinion:- [By Selena Maranjian]
Third Point reduced its stake in lots of companies, including Murphy Oil�and Yahoo! Among holdings in which it increased its stake were AbbVie (NYSE: ABBV ) and ARIAD Pharmaceuticals (NASDAQ: ARIA ) . AbbVie was split off from�Abbott Labs (NYSE: ABT ) and kept the pharmaceutical business. Detractors don't like its heavy debt or the impending patent expiration of its rheumatoid arthritis drug Humira, which is expected to generate more than $10 billion in annual sales. It has other drugs on the market and in its pipeline, tackling Hepatitis C, among other conditions. (A Hep C treatment just received FDA breakthrough designation.) It also sports a 3.5% dividend yield, and its chief scientific officer is retiring, which should interest investors.
Top Dividend Stocks To Own For 2015: TotalFinaElf S.A.(TOT)
TOTAL S.A., together with its subsidiaries, operates as an integrated oil and gas company worldwide. The company operates through three segments: Upstream, Downstream, and Chemicals. The Upstream segment engages in the exploration, development, and production of oil and natural gas. It also involves in the transportation, trade, and marketing of natural gas and liquefied natural gas (LNG), as well as in LNG re-gasification and natural gas storage operations. In addition, this segment engages in the shipping and trade of liquefied petroleum gas (LPG); power generation from gas-fired power plants, nuclear, or renewable energies; production, trade, and marketing of coal, as well as in solar power systems and technology operations. As of December 31, 2010, it had combined proved reserves of 10,695 Mboe of oil and gas. The Downstream segment involves in refining, marketing, trading, and shipping crude oil and petroleum products. It also produces a range of specialty products, s uch as lubricants, LPG, jet fuel, special fluids, bitumen, marine fuels, and petrochemical feedstock. This segment holds interests in 24 refineries located in Europe, the United States, the French West Indies, Africa, and China, as well as operates a network of 17,490 service stations. The Chemicals segment produces base chemicals, including petrochemicals and fertilizers, as well as engages in rubber processing, resins, adhesives, and electroplating activities. TOTAL S.A. was founded in 1924 and is based in Paris, France.
Advisors' Opinion:- [By Sara Murphy]
HSBC�recently conducted an analysis of European oil majors' at-risk carbon reserves. The study found Norway's�Statoil� (NYSE: STO ) to be the worst affected, with approximately 17% of its market capitalization at risk. HSBC also calculated that 6% of�BP's (NYSE: BP ) reserves are at risk, along with 5% of�Total's (NYSE: TOT ) .
- [By Justin Loiseau]
Total (NYSE: TOT ) announced today that its upstream Nigeria-based joint-venture partnership subsidiary has received regulatory approval to being awarding contracts to develop the offshore Egina field.
Top Dividend Stocks To Own For 2015: PMC Commercial Trust(PCC)
PMC Commercial Trust operates as a real estate investment trust (REIT). It primarily originates loans to small businesses, principally in the limited service hospitality industry, collateralized by first liens on the real estate of the related business. The company has elected to be treated as a REIT under the Internal Revenue Code and would not be subject to federal income tax, provided it distributes approximately 90% of its taxable income to its shareholders. PMC Commercial Trust was founded in 1993 and is headquartered in Dallas, Texas.
Top Dividend Stocks To Own For 2015: Constellation Energy Group Inc. (CEG)
Constellation Energy Group, Inc. operates as an energy company in the United States and Canada. The company develops, owns, operates, and maintains fossil and renewable generating facilities. As of December 31, 2010, it holds interests in qualifying facilities and power projects totaling to 9,030 megawatt (MW), as well as manages approximately 1,100 MW associated with long-dated tolling agreements. The company also provides operation and maintenance services, including testing and start-up to the owners of electric generating facilities. In addition, it offers electricity, natural gas, and other energy products and services to wholesale and retail electric and natural gas customers. The company supplies approximately 119 million megawatt hours (MWH) of aggregate electricity to distribution utilities, municipalities, residential, commercial, industrial, and governmental customers; approximately 334 million British Thermal Units of natural gas to residential, commercial, ind ustrial, and governmental customers; and approximately 7.8 million tons of coal primarily to its own fleet. Further, it manages generation facilities and natural gas properties; provides risk management services; trades energy and energy-related commodities; manages upstream natural gas activities; designs, constructs, and operates renewable energy, heating, cooling, and cogeneration facilities; provides home improvements; and engages in the sale of electric and gas appliances, and servicing of heating, air conditioning, plumbing, electrical, and indoor air quality systems. Additionally, the company purchases, transmits, distributes, and sells electricity, as well as purchases, transports, and sells natural gas in central Maryland. It maintains approximately 240 substations and approximately 1,300 circuit miles of transmission lines, and approximately 24,800 circuit miles of distribution lines. The company was founded in 1906 and is based in Baltimore, Maryland.
Top Dividend Stocks To Own For 2015: Sysco Corporation(SYY)
Sysco Corporation, through its subsidiaries, distributes food and related products primarily to the foodservice or food-away-from-home industry in North America and Europe. The company offers a line of frozen foods, such as meats, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats, custom-cut fresh steaks, other meat, seafood, and poultry; dairy products; beverage products; imported specialties; and fresh produce. It also supplies various non-food items, including paper products, such as disposable napkins, plates, and cups; tableware, which include china and silverware; cookware comprising pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. In addition, the company offers personal care guest amenities, equipment, housekeeping supplies, room accessories, and textiles to the lodging industry. It serves restaurants, hospitals and nursing homes, schools and colleges, hotels and mote ls, lodging establishments, and other foodservice customers. Sysco Corporation was founded in 1969 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Jacob Roche]
Still, even a crushing fourth-quarter miss would give United Natural some growth for the year. That's more than can be said for the company's conventional counterparts. Safeway (NYSE: SWY ) is estimating essentially flat sales growth, and analysts estimate that Sysco (NYSE: SYY ) , the world's largest food distributor, will see an actual drop in sales this year.
Top Dividend Stocks To Own For 2015: Freeport-McMoran Copper & Gold Inc.(FCX)
Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, silver, and cobalt. It holds interests in various properties, located in North and South America; the Grasberg minerals district in Indonesia; and the Tenke Fungurume minerals district in the Democratic Republic of Congo. As of December 31, 2010, the company?s consolidated recoverable proven and probable reserves totaled 120.5 billion pounds of copper, 35.5 million ounces of gold, 3.39 billion pounds of molybdenum, 325.0 million ounces of silver, and 0.75 billion pounds of cobalt. The company was founded in 1987 and is headquartered in Phoenix, Arizona.
Advisors' Opinion:- [By Lu Wang]
Mining stocks are bargains after declines in the past two years, said Hodges, who recently bought shares of Freeport-McMoRan (FCX) and U.S. Steel Corp. The selloff since the start of 2011 has erased almost half of the market value from a gauge of seven S&P 500 metal producers, data compiled by Bloomberg show. The price-earnings ratio for Phoenix-based Freeport, the world�� largest publicly traded copper producer, has dropped 24 percent since the beginning of 2010 to 11.5.
- [By Ben Levisohn]
Barclays analyst�David Gagliano is out with a report on his dinner meeting with� Jim Flores, CEO of Freeport-McMoRan Copper & Gold’s (FCX) energy division.
Top Dividend Stocks To Own For 2015: TECO Energy Inc.(TE)
TECO Energy, Inc., an electric and gas utility company, through its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electric energy. It provides retail electric service to approximately 672,000 customers in West Central Florida with a net winter system generating capability of 4,684 megawatts. The company also engages in the purchase, distribution, and marketing of natural gas. It serves approximately 336,000 residential, commercial, industrial, and electric power generation customers in Florida. In addition, the company owns mineral rights, owns or operates surface and underground mines, and owns interests in coal processing and loading facilities. TECO Energy, Inc. was founded in 1899 and is headquartered in Tampa, Florida.
Advisors' Opinion:- [By Justin Loiseau]
TECO Energy (NYSE: TE ) has agreed to purchase Continental Energy Systems' New Mexico Gas Co. for $950 million, the company announced today.
Top Dividend Stocks To Own For 2015: ONEOK Inc.(OKE)
ONEOK, Inc., a diversified energy company, operates as a natural gas distributor primarily in the United States. The company operates in three segments: ONEOK Partners, Distribution, and Energy Services. The ONEOK Partners segment engages in gathering, processing, fractionating, transporting, storing, and marketing natural gas and natural gas liquids (NGL) principally in the Mid-Continent and Rocky Mountain regions, which include Anadarko Basin of Oklahoma, Fort Worth Basin of Texas, Hugoton and Central Kansas Uplift Basins of Kansas, Williston Basin of Montana, and North Dakota and the Powder River Basin of Wyoming. This segment offers its services to oil and gas production companies; natural gas gathering and processing companies; petrochemical, refining, and NGL marketing companies; Local distribution companies (LDCs) and power generating companies; and natural gas marketing and NGL gathering companies, and propane distributors. The Distribution segment provides natural gas distribution services to residential, commercial, industrial, and transportation customers, as well as public authority customers, such as cities, governmental agencies, and schools in Oklahoma, Kansas, and Texas. The Energy Services segment delivers physical natural gas products and risk management services through its network of contracted transportation and storage capacity, and natural gas supply. This segment?s customers primarily comprise LDCs, electric utilities, and industrial end users. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.
Advisors' Opinion:- [By GuruFocus] ref="http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner">Tom Gayner initiated holdings in ONEOK, Inc.. His purchase prices were between $41.16 and $52.13, with an estimated average price of $46.98. The impact to his portfolio due to this purchase was 0.1%. His holdings were 70,000 shares as of 06/30/2013.
New Purchase: Blackstone Group LP (BX)
Tom Gayner initiated holdings in Blackstone Group LP. His purchase prices were between $19.1 and $23.45, with an estimated average price of $21.2. The impact to his portfolio due to this purchase was 0.09%. His holdings were 116,900 shares as of 06/30/2013.
New Purchase: BlackRock Inc (BLK)
Tom Gayner initiated holdings in BlackRock Inc. His purchase prices were between $245.3 and $291.69, with an estimated average price of $267.9. The impact to his portfolio due to this purchase was 0.08%. His holdings were 9,100 shares as of 06/30/2013.
New Purchase: KKR & Co LP (KKR)
Tom Gayner initiated holdings in KKR & Co LP. His purchase prices were between $17.8 and $21.15, with an estimated average price of $19.85. The impact to his portfolio due to this purchase was 0.08%. His holdings were 115,000 shares as of 06/30/2013.
New Purchase: Eni SpA (E)
Tom Gayner initiated holdings in Eni SpA. His purchase prices were between $40.39 and $48.96, with an estimated average price of $45.85. The impact to his portfolio due to this purchase was 0.04%. His holdings were 30,000 shares as of 06/30/2013.
New Purchase: Ross Stores, Inc. (ROST)
Tom Gayner initiated holdings in Ross Stores, Inc.. His purchase prices were between $59.26 and $66.5, with an estimated average price of $64.05. The impact to his portfolio due to this purchase was 0.04%. His holdings were 18,000 shares as of 06/30/2013.
New Purchase: Carlyle Group LP (CG)
Tom Gayner initiated holdings in Carlyle Group LP. His purchase prices were between $24.19 and $32.87, with an estimated average price of $29.5
- [By John Divine]
Lastly, shares of utilities company ONEOK (NYSE: OKE ) shed 6.8% after Morgan Stanley�downgraded shares from overweight to equal weight, lowering its price target to $53 per share. The downgrade comes after an earnings report that showed a nearly 6% earnings spike as natural gas became more popular. So even as revenue advanced nearly 4%, the fact that the number was more than 7% below forecasts added downward pressure on the stock.�
Top Dividend Stocks To Own For 2015: H.J. Heinz Company (HNZ)
H. J. Heinz Company manufactures and markets food products for consumers, and foodservice and institutional customers in North America, Europe, the Asia Pacific, and internationally. The company primarily offers ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition, and other food products. It sells its products through its sales organizations, independent brokers, agents, and distributors to chain, wholesale, cooperative, and independent grocery accounts; convenience stores; bakeries; pharmacies; mass merchants; club stores; foodservice distributors; and institutions, including hotels, restaurants, hospitals, health-care facilities, and government agencies. The company was founded in 1869 and is based in Pittsburgh, Pennsylvania.
Advisors' Opinion:- [By Tim Brugger]
An investment consortium comprised of Berkshire Hathaway (NYSE: BRK-A ) and a 3G Capital investment fund has completed the acquisition of H.J. Heinz (NYSE: HNZ ) for $72.50 per share and a new CEO has taken over Heinz, the company announced today.
- [By Matt Koppenheffer]
But despite the 50% stake in a joint venture to buy H. J. Heinz (NYSE: HNZ ) , which was announced recently, Berkshire's cash pile is building up again. I was hoping to hear Buffett say, "We've just bagged another "elephant."
Top Dividend Stocks To Own For 2015: Microchip Technology Incorporated(MCHP)
Microchip Technology Incorporated, together with its subsidiaries, develops, manufactures, and sells semiconductor products for various embedded control applications. It offers a family of microcontroller products that include 8-bit, 16-bit, and 32-bit PIC microcontrollers; and 16-bit dsPIC digital signal controllers, which feature on-board flash memory technology. The company also provides a set of application development tools that enable system designers to program a PIC microcontroller and dsPIC DSC for specific applications. In addition, it offers analog and interface products, which consist of various families with approximately 600 power management, linear, mixed-signal, thermal management, safety and security, and interface products. Further, the company provides memory products comprising serial electrically erasable programmable read-only memory. Its products are used in various applications in automotive, communications, computing, consumer, and industrial contr ol markets. Microchip Technology Incorporated markets its products primarily through a network of direct sales personnel and distributors in the Americas, Europe, and Asia. The company was founded in 1989 and is based in Chandler, Arizona.
Advisors' Opinion:- [By Beth Piskora]
They are listed below:
Altera (ALTR)��ielding 1.7%
Apple (AAPL)��ielding 2.5%
Applied Materials (AMAT)��ielding 2.6%
Cisco (CSCO)��ielding 2.9%
EMC Corp. (EMC)��ielding 1.5%
International Business Machines (IBM)��ielding 2.0%
KLA-Tencor (KLAC)��ielding 3.2%
Microchip Technology (MCHP)��ielding 3.6%
Oracle (ORCL)��ielding 1.5%
Qualcomm (QCOM)��ielding 2.1%
Texas Instruments (TXN)��ielding 2.9%
Xilinx (XLNX)��ielding 2.3%
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