NEW YORK ( TheStreet) -- Pushing aside the regressiveness of dividend double taxation, along with the upcoming increase in the tax, many investors will continue to allocate portfolio capital to yield-based stocks.After all, high taxes or low taxes, as investors we still want to make money. Historically, dividend-paying stocks have performed well. There are some recent notable exceptions to the rule though. Hewlett-Packard (HPQ) comes to mind rather quickly.
Conagra Fooods (CAG - Get Report) Background: ConAgra Foods has transformed itself into an industry-leading, branded and value-added food company. 52-Week Range: $23.64 to $28.80* Book Value: $11.22 Price To Book: 2.5 Earnings Payout Percentage: 63% ConAgra currently has an annualized dividend of $1 with a yield of about 3.5%. After announcing a large special dividend and buyout, shares jumped higher. ConAgra is a great stock, but don't chase this one higher. Wait for profit-taking and a lower price (less than $29) before entering. CAG Payout Ratio TTM data by YCharts