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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

TRANSOCEAN - RIG
TRANSOCEAN - RIG  


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