Updated from 7:05 a.m. EDT

Investors are looking more and more to a stock's yield before making a decision to jump in. The dividend helps to reduce volatility and accelerate return of capital. Even if the stock goes nowhere, at least the dividend can provide a return.

Stockpickr has reviewed the stocks in the S&P 500 and compiled a portfolio of the Top S&P 500 Stocks by Yield, including Qwest ( Q) and CBS ( CBS). The stocks all have P/E ratios of less than 20 and PEG ratios of less than 2.

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