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Stocks can help you to build nest egg and can also provide you regular income in the form of dividend as well. According to your investment philosophy, you can choose stocks to provide you highest possible capital gain or you can choose the stocks to give you good dividend income.
One of the ratios that can help you in picking stocks with good dividends is Dividend Yield. This ratio compares the current price of the stock to the dividend paid by the firm. As a rule of thumb, higher dividend yield means more bang for your buck. However, like any other ratio, you should use this metrics in conjunction with your fundamental analysis. So, here is my list of top dividend yielding utility stocks:
Cheniere Energy Partners (AMEX:CQP): The stock has impressive dividend yield of 7.70 percent. Along with the impressive dividend payments, the stock itself gained 23 percent this year. Cheniere Energy Partners is currently trading at $21.75, down 2.16 percent from its previous close of $22.23. The stock is trading at the beta of 1.23. It has traded in the range of $15.00 and $27.47 in the past 52 weeks. However, the stock is trading below its 20 days moving average price of $22.16 and 50 days moving average price of $22.20. The company is engaged in the business of operating LNG terminals and it recently announced a cash distribution of $0.425 per common unit. It has market capitalization of $6.67 billion.
PAA Natural Gas Storage LP (NYSE:PNG): With an impressive 7 percent yield, this stock seems to be a good buy, especially since it has gained 9.17 percent this year so far. It is currently trading near its 52 weeks high price. The company stock is currently at $20.33, down 0.68 percent from its previous close of $20.47. The stock had opened at $20.45 and has traded in the range of $20.31 and $20.45 in the current trading session. PAA Natural Gas Storage LP stock commands the Price Earnings ratio of 21.33. The company recently announced a quarterly cash distribution of $0.3575 per unit. The distribution is payable on November 14, 2012. PAA Natural Gas Storage is involved in the business of developing, acquiring and managing natural gas storage facilities. It is based out of Houston on Texas.
El Paso Pipeline Partners (NYSE:EPB): This $7.61 billion company gives you a good dividend yield of 6.3 percent. The stock itself grew 5.92 percent this year. It increased its quarterly distribution to $0.58 per unit, up 18 percent from the payout made for the third quarter of the previous year. El Paso Pipeline Partners is currently trading at $36.00, down 1.83 percent from its previous close of $36.67. The stock is trading at the Price Earnings ratio of 17.61. It has traded in the range of $30.64 and $38.10 in the past 52 weeks. However, the stock is trading below its 20 days moving average price of $36.06 and 50 days moving average price of $36.37. El Paso Pipeline Partners carries out the business of transporting and interstate storage of natural gas. The company is based out of Houston in Texas.
Kinder Morgan Energy Partners LP (NYSE:KMP): The company stock is currently trading at $84.97, down 0.61 percent from its previous close of $85.49. The stock had opened at $85.39 and has traded in the range of $84.80 and $85.39 in the current trading session. Kinder Morgan Energy Partners offers you 5.9 percent dividend yield. The company reported its quarterly earnings and announced its revenue at $2.34 billion for the third quarter. It was expected to report the revenue at $2.18 billion. Its latest earnings per share for the quarter stood at $0.57, falling below the analysts’ expectations of $0.60 per share in earnings. Kinder Morgan Energy Partners stock commands the beta of 0.52 and it has market capitalization of $30.25 billion.
Markwest Energy Partners LP (NYSE:MWE): The company is involved in the business of processing and transporting natural gas. Markwest Energy is based out of Denver in Colorado and it was formed in 1988. The company offers dividend yield of 5.80 percent and it has market capitalization of $7.18 billion. The company stock is currently trading at $54.31, down 1.13 percent from its previous close of $54.93. The stock had opened at $54.47 and has traded in the range of $54.05 and $54.64 in the current trading session.
