The S&P 500 has fallen 8.8% over the last quarter, sending many investors into panic mode. The slowing Chinese economy is much to blame for such steep decline in the public markets, as Chinese industrial profits slipped 9% in August. In an effort to protect returns and seek less volatile investments, we have put together a list of U.S. stocks with exceptionally high dividend yields, and low stock market volatility, as measured by beta.
Annaly Capital Management Inc. (NYSE: NLY) – $9.91
Specialized REITs
Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT) that uses its capital coupled with borrowed funds to invest in real-estate related investments, earning the spread between the yield on its assets and the cost of its borrowings. It owns a portfolio of real-estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, other securities representing interests in or obligations backed by pools of mortgage loans, commercial real estate assets and corporate debt.
- Market Cap: $9,411,445,271
- DPS (LFQ Annualized): $1.20
- Dividend Yield: 12.08%
- Daily Beta – 180 days: 0.42
Caterpillar Inc. (NYSE: CAT) – $64.31
Heavy Machinery & Vehicles
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. Caterpillar also provides financing and related services through its Financial Products segment.
- Market Cap: $38,441,929,918
- DPS (LFQ Annualized): $5.87
- Dividend Yield: 9.21%
- Daily Beta – 180 days: 0.99
CenturyLink Inc. (NYSE: CTL) – $24.74
Integrated Telecommunications Services
CenturyLink, Inc. is an integrated communications company that is engaged in providing an array of communications services to residential, business, governmental and wholesale customers. The Company’s communications services include local and long-distance, broadband, private line, Multi-Protocol Label Switching (MPLS), data integration, managed hosting, colocation, Ethernet, network access, video, wireless and other ancillary services.
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- Market Cap: $13,855,081,473
- DPS (LFQ Annualized): $2.15
- Dividend Yield: 8.75%
- Daily Beta – 180 days: 0.93
Frontier Communications Corp. (NASDAQ: FTR) – $4.73
Integrated Telecommunications Services
Frontier Communications Corporation is a communications company engaged in providing services to rural areas and small and medium-sized towns and cities in the United States. It offers a range of voice, data and video services and products.
- Market Cap: $5,525,619,110
- DPS (LFQ Annualized): $0.36
- Dividend Yield: 7.67%
- Daily Beta – 180 days: 1.03
Pinnacle West Capital Corp. (NYSE: PNW) – $63.17
Electric Utilities
Pinnacle West Capital Corporation is a holding company that operates primarily through its wholly-owned subsidiaries and is engaged in regulated retail and wholesale electricity businesses. The Company’s operations include primarily electricity generation, transmission and distribution.
- Market Cap: $7,000,098,839
- DPS (LFQ Annualized): $4.76
- Dividend Yield: 7.53%
- Daily Beta – 180 days: 0.58
ONEOK Inc. (NYSE: OKE) – $30.86
Natural Gas Utilities
ONEOK, Inc. is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. - Market Cap: $6,902,510,802
- DPS (LFQ Annualized): $2.42
- Dividend Yield: 7.33%
- Daily Beta – 180 days: 1.10
