These elite dividend payers have yields that can compete with bonds

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Treasury yields have ticked higher, but certain top dividend-paying stocks also provide competitive payoffs to investors.

Bonds have become more attractive as Treasury yields approach their highest levels in a decade — but certain top dividend-paying stocks also provide competitive payoffs to investors. Bond yields have risen as investors become more anxious regarding red-hot inflation numbers and the Federal Reserve's rate hike path. Yields rise as prices fall. The benchmark 10-year Treasury note topped 4% last week before ticking below this threshold Monday morning.

used FactSet data to screen for the largest 1,500 stocks listed in the S & P with yields above 4% — better than the 10-year Treasury note. The yields on the stocks also appeared safe, with dividend-coverage ratios above 2, as well as a total debt-to-equity ratio less than 150%. These stocks have also outperformed the stock markets over the past 12 months with returns above -6.54%.

Energy , Coterra Energy , Kinder Morgan and Devon Energy. Energy has a dividend yield above 7%. Shares of the company have soared 67% in the past 12 months. Several financial groups were also featured, including Huntington Bancshares , Corporate Office Properties Trust and Provident Financial Services .

 

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