2010年8月23日

10 Largest Dividend Payers in the U.S.

Jeremy Siegel和Jeremy Schwartz在投稿於WSJ的這篇文章中「The Great American Bond Bubble」提到了債券泡沫化,其中有一段是談到十家給付最多股利的公司,這是部份的原文:
Today, the 10 largest dividend payers in the U.S. are AT&T, Exxon Mobil, Chevron, Procter & Gamble, Johnson & Johnson, Verizon Communications, Phillip Morris International, Pfizer, General Electric and Merck. They sport an average dividend yield of 4%, approximately three percentage points above the current yield on 10-year TIPS and over one percentage point ahead of the yield on standard 10-year Treasury bonds. Their average price-earnings ratio, based on 2010 estimated earnings, is 11.7, versus 13 for the S&P 500 Index. Furthermore, their earnings this year (a year that hardly could be considered booming economically) are projected to cover their dividend by more than 2 to 1.
所以我就用Google的Stock screener設定股息配發超過三十億美元的公司,有以下40支股票:

Company name Symbol Div from cash flow Market cap Div yield (%)
BP plc (ADR) BP 10.90B 113.99B 8.75
Time Warner Cable Inc. TWC 10.86B 19.12B 2.93
Royal Dutch Shell plc (ADR) RDS.A 10.53B 167.93B 6.06
AT&T Inc. T 9.67B 156.29B 6.3
General Electric Company GE 8.99B 160.69B 3.1
Exxon Mobil Corporation XOM 8.02B 299.86B 2.94
Petroleo Brasileiro SA (ADR) PBR 7.71B 151.00B 0.42
PetroChina Company Limited (ADR) PTR 7.38B 202.97B 3.43
China Mobile Ltd. (ADR) CHL 7.16B 213.38B 3.46
TOTAL SA (ADR) TOT 6.55B 107.53B 5.57
Vodafone Group Plc (ADR) VOD 6.45B 124.22B 7.22
Telefonica SA (ADR) TEF 6.23B 98.79B 7.32
Eni SpA (ADR) E 5.81B 79.65B 5.97
Banco Santander, SA (ADR) STD 5.65B 96.36B 5.85
Pfizer Inc. PFE 5.55B 128.41B 4.49
The Procter & Gamble Company PG 5.46B 170.25B 3.22
Johnson & Johnson JNJ 5.33B 161.80B 3.72
Chevron Corporation CVX 5.30B 150.90B 3.71
Verizon Communications Inc. VZ 5.27B 83.02B 6.34
Ecopetrol SA (ADR) EC 4.93B 74.49B 3.28
Bank of America Corporation BAC 4.86B 129.14B 0.3
GlaxoSmithKline plc (ADR) GSK 4.68B 97.47B 4.81
Microsoft Corporation MSFT 4.58B 209.68B 2.12
BHP Billiton plc (ADR) BBL 4.56B 157.64B 2.74
BHP Billiton Limited (ADR) BHP 4.56B 187.66B 2.34
HSBC Holdings plc (ADR) HBC 4.53B 172.65B 3.13
Philip Morris International Inc. PM 4.33B 95.27B 4.46
Wells Fargo & Company WFC 4.30B 128.74B 0.78
Wal-Mart Stores, Inc. WMT 4.22B 186.30B 2.4
Federal Home Loan Mortgage Corp FMCC 4.10B 215.50M 0
France Telecom SA (ADR) FTE 4.04B 54.44B 7.5
Novartis AG (ADR) NVS 3.94B 116.09B 3.85
The Coca-Cola Company KO 3.80B 127.71B 3.15
Statoil ASA(ADR) STO 3.76B 62.47B 4.59
Sanofi-Aventis SA (ADR) SNY 3.70B 75.13B 5.1
JPMorgan Chase & Co. JPM 3.42B 147.27B 0.53
Unilever plc (ADR) UL 3.38B 75.20B 4.1
Citigroup Inc. C 3.24B 108.65B 0
Merck & Co., Inc. MRK 3.22B 107.39B 4.35
Intel Corporation INTC 3.11B 105.29B 3.24
※Sorted by Div from cash flow


過去半年,十年公債殖利率從最高的4.01%跌到最低的2.55%,而假設十年公債的duration為八年,那麼這十年公債的價格就上漲了11.68%,而以IEF這檔ETF來看的確是差不多。如果債券泡沫破了,那麼持有高股息的股票可能更有助於抗通膨。

不過如果要挑選定存股,那個就應該以追求股利收入為主,並且選擇波動比較小的公司,因此同樣在Stock Screener設定殖利率超過2.5%、市值超過50億、Beta值小於1.0以及股息配發超過30億的股票,這是結果,共九家公司:






Company name Symbol Market cap Div yield (%) Beta Div from cash flow Consecutive Div. Increases Dividend Yield 5yr Avg (%)
Exxon Mobil Corporation XOM 299.86B 2.94 0.48 8.02B 27 years 2.1
The Procter & Gamble Company PG 170.25B 3.22 0.54 5.46B 56 years 2.5
Johnson & Johnson JNJ 161.80B 3.72 0.56 5.33B 47 years 2.7
The Coca-Cola Company KO 127.71B 3.15 0.62 3.80B 47 years 2.8
Verizon Communications Inc. VZ 83.02B 6.34 0.62 5.27B 5 years 5.1
AT&T Inc. T 156.29B 6.3 0.71 9.67B 19 years 5.1
Chevron Corporation CVX 150.90B 3.71 0.71 5.30B 19 years 3.2
Pfizer Inc. PFE 128.41B 4.49 0.71 5.55B 0 years 5
Merck & Co., Inc. MRK 107.39B 4.35 0.85 3.22B 0 years 4.1









※Sorted by Beta

2 則留言:

  1. 請問股票需要包含優先股嘛?

    還是其實跟債券一樣泡沫化了?

    回覆刪除
  2. 優先股目前的報酬並沒有比較好,投資的時間已經過了,因此投資普通股就可以了。而債券還沒崩盤,只是越來越多的人說債券的泡沫已經出現了,因此是否真的泡沫化,也只有泡沫破了之後才能知道。

    回覆刪除