Dividend-News
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5 Dividend Stocks With High Upside Potential
Published Mon, 05 Aug 2013 15:33:41 -0400 on Seeking Alpha
One common measurement of a stock's upside potential is the PEG ratio, which takes into account both the P/E multiple and analyst consensus for future earnings growth rates. Analysts aren't always correct, and so their projections shouldn't be taken as fact, but this is at least one way to account for a company's growth potential and is therefore a way to measure the stock's possible upside. Because the PEG ratio is a quantitative screen we can combine it with other screens (for example, stocks with high dividend yields) in order to identify initial investment ideas. Using data from Fidelity, here are five stocks with dividend yields of 4% or higher at current prices and with five-year PEG ratios lower than 1: Leading our list is Transocean (RIG), the $17 billion market cap offshore drilling contractor. the stock's dividend has recently been increased and at this point its... Read more
| Stock name | Last trade | P/E | Earnings/Share | Dividend/Share | Dividend yield | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TRANSOCEAN | 5.65 | 0.0 | -1.98 | 0.00 | 10.34 | |||||||
| CORECIVIC | 18.06 | 12.0 | 1.51 | 1.76 | 9.83 | |||||||
| CANADIAN IMPERIAL BANK OF COMMERCE | 81.35 | 9.5 | 8.59 | 4.33 | 5.17 | |||||||
| BANK OF NOVA SCOTIA | 56.20 | 11.2 | 5.02 | 2.70 | 4.79 | |||||||
| SEADRILL | 3.08 | 0.0 | 0.00 | 0.00 | 0.00 |