3 Diverse Ideas For A 4%-Plus Dividend Yield
Below are 3 ideas for boosting the dividend yield on your portfolio without taking excessive risk. They are diversified across size of company and sector, though they are skewed more toward the U.S. economy than internationally:
Company Ticker P/E P/B Yield Payout Ratio Market Cap
Cinemark Holdings CNK 15.13x 2.22 4.21% 64% $2.3B
Medallion Leasing TAXI 10.86x 1.14 6.76% 73% 0.2B
ConocoPhillips COP 9.05x 1.51 3.74% 33% $94B
Note: ConocoPhillips yields 3.7% now, but should yield a combined 4.8% across its two companies post-spin off in 2012.
Cinemark Holdings (CNK) - 4.2% yield, 64% payout ratioThe movies are a relatively stable business, and Cinemark operates theaters mainly in the U.S. with some limited exposure to Central and South America. Cinemark makes money through ticket sales, advertising and concessions, with a focus on concessions, where it has recently launched healthier lite bites and 3D movies being medium-term drivers of the... Read more