Stocks with dividends larger than 4% in the S&P 500
Here’s a table of S&P 500 companies with dividends larger than 4
percent, sorted by correlation with SH (ProShares Short S&P500).
Stocks near the top of this table would be better fits for hedging with SH.
For info about hedging dividend paying S&P 500 stocks, see
this blog post.
| Tic | Desc | Yield | Corr w/SPY | Corr w/SH | Closing Price 2010-10-18 |
|---|---|---|---|---|---|
| CINF | Cincinnati Financial Corporatio | 5.4 | 0.844 | -0.932 | 30.13 |
| SE | Spectra Energy Corp Common Stoc | 4.2 | 0.858 | -0.818 | 23.82 |
| NYX | NYSE Euronext Common Stock | 4.1 | 0.629 | -0.757 | 30.04 |
| SCG | SCANA Corporation Common Stock | 4.6 | 0.470 | -0.754 | 41.5 |
| TEG | Integrys Energy Group, Inc. Com | 5.1 | 0.438 | -0.732 | 53.31 |
| HCN | Health Care REIT, Inc. Common S | 5.6 | 0.486 | -0.719 | 50.27 |
| TE | TECO Energy, Inc. Common Stock | 4.7 | 0.446 | -0.713 | 17.59 |
| LEG | Leggett & Platt, Incorporated C | 4.5 | 0.614 | -0.705 | 23.82 |
| MCHP | Microchip Technology Incorporat | 4.4 | 0.432 | -0.705 | 30.88 |
| LO | Lorillard, Inc Common Stock | 5.4 | 0.584 | -0.694 | 83.46 |
| LLY | Eli Lilly and Company Common St | 5.2 | 0.638 | -0.690 | 38.06 |
| NI | NiSource Inc Common Stock | 5.2 | 0.394 | -0.685 | 17.9 |
| PM | Philip Morris International Inc | 4.5 | 0.479 | -0.682 | 58.38 |
| CNP | CenterPoint Energy, Inc (Holdin | 4.8 | 0.455 | -0.661 | 16.15 |
| T | AT&T Inc. | 5.9 | 0.420 | -0.631 | 28.62 |
| XEL | Xcel Energy Inc. Common Stock | 4.3 | 0.318 | -0.628 | 23.76 |
| D | Dominion Resources, Inc. Common | 4.1 | 0.264 | -0.612 | 44.92 |
| PCL | Plum Creek Timber Company, Inc. | 4.6 | 0.812 | -0.601 | 37.26 |
| WIN | Windstream Corporation | 8.1 | 0.251 | -0.591 | 12.42 |
| CTL | CenturyLink, Inc. Common Stock | 7.3 | 0.326 | -0.585 | 39.91 |
| POM | PEPCO Holdings Inc Common Stock | 5.6 | 0.350 | -0.582 | 19.67 |
| AEE | Ameren Corporation Common Stock | 5.3 | 0.396 | -0.576 | 29.24 |
| BMY | Bristol-Myers Squibb Company Co | 4.7 | 0.345 | -0.576 | 27.33 |
| VZ | Verizon Communications Inc. Com | 6.0 | 0.501 | -0.569 | 32.59 |
| PNW | Pinnacle West Capital Corporati | 5.0 | 0.269 | -0.566 | 41.87 |
| HCP | HCP, Inc. Common Stock | 5.1 | 0.200 | -0.560 | 36.84 |
| RAI | Reynolds American Inc Common St | 5.8 | 0.234 | -0.545 | 62.31 |
| ETR | Entergy Corporation Common Stoc | 4.3 | 0.680 | -0.542 | 77.46 |
| MO | Altria Group, Inc. | 6.1 | 0.198 | -0.541 | 24.9 |
| Q | Qwest Communications Internatio | 5.0 | 0.157 | -0.538 | 6.35 |
| VTR | Ventas, Inc. Common Stock | 4.0 | 0.165 | -0.537 | 54.43 |
| ED | Consolidated Edison, Inc. Commo | 4.9 | 0.217 | -0.520 | 49.09 |
| SO | Southern Company (The) Common S | 4.8 | 0.149 | -0.513 | 37.95 |
| PLD | ProLogis Share of Beneficial In | 4.7 | 0.777 | -0.499 | 12.58 |
| DTE | DTE Energy Company Common Stock | 4.8 | 0.219 | -0.495 | 47.27 |
| KMB | Kimberly-Clark Corporation Comm | 4.0 | 0.146 | -0.481 | 66.81 |
| FTR | Frontier Communications Corpora | 8.8 | 0.310 | -0.469 | 8.62 |
| PGN | Progress Energy Inc Common Stoc | 5.5 | 0.071 | -0.428 | 44.97 |
| PBI | Pitney Bowes Inc. Common Stock | 6.7 | 0.598 | -0.408 | 21.56 |
| DUK | Duke Energy Corporation (Holdin | 5.6 | 0.118 | -0.402 | 17.65 |
| AEP | American Electric Power Company | 4.7 | 0.199 | -0.382 | 36.33 |
| RRD | R.R. Donnelley & Sons Company | 5.7 | 0.667 | -0.316 | 18.19 |
| FII | Federated Investors, Inc. Commo | 4.0 | 0.628 | -0.301 | 23.92 |
| PAYX | Paychex, Inc. | 4.5 | 0.627 | -0.276 | 27.63 |
| EXC | Exelon Corporation Common Stock | 4.9 | 0.509 | -0.270 | 44.01 |
| PFE | Pfizer, Inc. Common Stock | 4.1 | 0.443 | -0.234 | 17.8 |
| HCBK | Hudson City Bancorp, Inc. | 5.1 | 0.571 | -0.233 | 11.92 |
| LMT | Lockheed Martin Corporation Com | 4.3 | 0.507 | -0.225 | 70.04 |
| MRK | Merck & Company, Inc. Common St | 4.1 | 0.292 | -0.149 | 37.23 |
| CAG | ConAgra Foods, Inc. Common Stoc | 4.1 | 0.378 | -0.122 | 22.6 |
| PBCT | People’s United Financial, Inc. | 4.7 | 0.446 | -0.057 | 13.16 |
| PPL | PP&L Corporation Common Stock | 5.1 | 0.246 | -0.025 | 27.93 |
| FE | FirstEnergy Corporation Common | 5.7 | 0.226 | 0.006 | 39.43 |
| HRB | H&R Block, Inc. Common Stock | 4.9 | 0.146 | 0.233 | 10.94 |
Notes:
- Company list and yields generated with Yahoo stock screener.
- Correlations calculated by daily closing price from start of 2010 to Oct 18, 2010.
- Correlation between SPY and SH is currently -0.91.
- Public Service Enterprise Group was removed because of numerical problems with the data.
- Disclaimer:This information is intended for very experienced traders only. We are not financial advisers and the information provided here should not be taken as a recommendation to buy or sell the mentioned securities or any other securities for that matter. This is for informational purposes only. What you do with the information is solely your responsibility.