The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK ( Insider Monkey) -- We like high-dividend stocks because they tend to outperform the market when everything else is going down. In addition, we consider high-dividend stocks as alternatives to 10-year Treasury bonds in this current low-interest environment. We believe the recent downturn in the stock market has given defensive investors a great opportunity to add such high-yielding stocks in their portfolios.
Below, we provide a list of 15 mega-cap U.S stocks with high dividend yields and low price-to-book ratios. The market data are sourced from Fidelity. All companies in this list have market capitalizations above $10 billion, an annualized dividend yield of at least 3%, a current P/E ratio lower than 15 and a price-to-book ratio of less than 1.5. Since the beginning of this year, these stocks returned -5.16 % vs. -3.52 % for the SPY.
Annaly Capital Management
(NLY - Get Report) owns, manages and finances a portfolio of real estate related investments. NLY has a 15.02% dividend yield and returned -1.74% since the beginning of this year. The stock has a price-to-book ratio of 1.01 and a P/E Ratio of 5.63. Among the 300+ hedge funds we track,