Who says that there is no growth potential in high-priced stocks? Not only do you have the same potential to achieve capital appreciation as lower-priced shares, but higher-priced stocks can also provide added income from dividends .
Stockpickr has reviewed the stocks that sell for over $100 a share, extracted the ones with the highest yields and compiled them in a portfolio called the Top-Yielding High-Price Stocks. Deutsche Bank ( DB) is a stock that sells for over $100 a share in spite of the fact that it has dropped in price during the last month along with many other bank stocks. It yields 5.9%. The chief executive of the bank, Josef Ackermann, called for more transparency and overhauling of investment banks in a recent speech at the London School of Economics, according to a Financial Times report. The company's earnings announcement is scheduled for Feb. 7. The stock has a price-to-earnings (P/E) ratio of 8 and a P/E-to-growth (PEG) ratio of 0.6. Deutsche Bank is also featured in the portfolio of AXA Enterprise Global Financial Service Fund, which invests at least 80% of its portfolio in U.S. and foreign financial services stocks. The fund, which is rated four stars by Morningstar, also owns JPMorgan Chase ( JPM), which yields 3.8%, Bank of America ( BAC), which yields 6.9%, and MetLife ( MET), which has a yield of 1.3%. Another high-yield, triple-digit stock is Imperial Tobacco Group ( ITY), which yields 3.9%. The stock last week was selling for about $100 but has fallen sharply in the last few days along with the broader market. This British tobacco producer just received approval from Spanish regulators for the takeover of Altadis SA. Imperial has a P/E of 17 and a PEG of 1.8. One fund that owns Imperial shares is the Vice Fund, which invests in companies that provide products or services that are considered socially irresponsible. It also holds Altria Group ( MO), which yields 3.8%, Diageo ( DEO), at a 4% yield, and Boyd Gaming ( BYD), which yields 2.3%. Then there's Entergy ( ETR), a stock that sells for around $118 a share and yields 2.7%. This New Orleans-based electric utility has a P/E of 18 and a PEG of 1.8. Entergy also shows up in 'PEG' Evaluation Top Picks, a portfolio on Stockpickr that also includes Noble ( NE), which yields 0.3%, Boeing ( BA), yielding 2%, and Legacy Vulcan ( VMC), at 2.8%. For more stocks that sell for over $100 a share and pay high yields, check out the Top-Yielding High-Price Stocks at Stockpickr.com.