Dividend Stocks From a Top Money Manager

Another high-yielding stock held by Cutler is Regions Financial(RF Quote), an Alabama-based bank holding company that yields 6.3%. JPMorgan recently initiated coverage of the stock with a neutral rating. The stock has a P/E of 11 and a PEG of 1.37.

Regions is also held by the Allianz NFJ Dividend Value Institutional Fund, which is rated five stars by Morningstar and has generated an average annual return of 17.2% over the last five years. The Allianz fund also owns GlaxoSmithKline(GSK Quote), which pays a yield of 4.2%, Dow Chemical(DOW Quote), with a 4.1% yield, and Seagate Technology(STX Quote), which pays 1.5%.

Another notable Cutler-owned stock is Whitney Holding(WTNY Quote), a New Orleans-based bank holding company that yields 4.6%. The company last month announced that it will buy back up to 4 million of its own shares. The stock has a P/E of 11 and a PEG of 1.4.

Whitney also appears in Bank Takeover Candidates, a Stockpickr portfolio that includes several banks that Jim Cramer has suggested could be takeover targets for large Canadian or Spanish banks. Other stocks on the list include Commerce Bancorp (CBH Quote), which yields 1.4%, and First Horizon National(FHN Quote), with a yield of 9.7%.

For more of Cutler's stockholdings, check out the Cutler Capital portfolio at Stockpickr.com.