NEW YORK ( TheStreet) -- These eight stocks from varied sectors have dividend yields ranging from 3.1% to 5.4%. Based on latest quarterly results and attractive dividend yields, these stocks have potential upsides of 6% to 26%. These stocks also have a strong dividend payout record. The average buy recommendation for these stocks is 45%, while average hold rating is 50%, based on a Bloomberg consensus.
8. Procter & Gamble ( PG), focuses on providing consumer packaged goods and its products are sold in more than 180 countries through mass merchandisers, grocery stores, membership club stores, drug stores, high-frequency stores and neighborhood stores. It has on-the-ground operations in approximately 80 countries. The company has a dividend yield of 3.12% and recently announced increasing its quarterly dividend from 48.18 cents to 52.5 cents per share on its common stock and on Series A and Series B ESOP Convertible Class A Preferred Stock. The dividend indicates 9% increase over the year-ago quarter. For 55 consecutive years, PG has been raising its dividend at an annual compound average rate of approximately 9.5%. For the third quarter of 2011, the company recorded 5% increase in net sales to $20.2 billion from the year-ago quarter. Diluted earnings per share were up 16% to 96 cents during the quarter. For the upcoming fourth quarter, net sales growth is pegged between 8% and 10%, while earnings per share ranges from 13% to 20%. Of the 28 analysts covering the stock, 75% recommend a buy while the remaining rate a hold. There are no sell ratings on the stock. Data from Bloomberg has analysts forecasting the stock gaining 11.8% to $71.79 in the next 12 months.