15 Safe Dividend Kings for This Summer: Part 1

Investment Underground looked for top stocks that are offering hefty dividends. This is what we found: Foot Locker (FL): The shoe and sporting goods retailer has a market cap of $3.58B and offers a 2.8% dividend. This dividend grew substantially before the financial crisis, but has leveled off the last couple of years. A stronger recovery could easily lead to a dividend boost from the company. Additionally, the balance sheet has very little debt, and the stock has been red-hot lately, rising over 80% in the last 12 months. Its P/E ratio of 17.52 is very similar to competitors like The Finish Line (FINL), and the firm brought in EBITDA of over $400M in last year. Although it is not in a traditional high-growth industry, EPS leaped up in 2011 with the economic recovery, and with its strong foothold in the market, FL should continue to benefit... Read more