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) -- During the recent market turmoil, the financial markets have been hit by one crisis after another. Most people are pessimistic about the economy. Central banks all around the world have been trying to stimulate the economy by applying inflationary monetary policies. One result of the Fed's monetary policy is ultra-low yielding long-term Treasuries. It doesn't make sense to invest in 10-year Treasuries for the long term. With the low interest rates, investors are better off by investing in high-dividend stocks. We ran a screen for stocks that were rated 5 stars, or "strong buy," by Standard & Poor's, and compiled a list of 5 large-cap dividend stocks that offer dividend yields greater than 5%.
4. AT&T ( T) ) is a worldwide telecommunications service provider. It has a market cap of $180 billion and offers a dividend yield of 5.79%. In 2011, AT&T successfully beat the market by returning 9%. S&P suggests it a 12% expected return over the next 12 months. Phill Gross and
Robert Atchinson , Cliff Asness, and D. E. Shaw each had large stakes in the stock at the end of the third quarter. 5. Vodafone Group ( VOD) is a global wireless telecommunications services company. The company has a market cap of $140 billion, and offers a dividend yield of 5.42%. Last year VOD returned 16%. S&P expects VOD to return 22% over the next 12 months. At the end of the third quarter 2011, thirty-five hedge funds were invested in VOD. Total hedge fund exposure in VOD at that time was slightly less than $1 billion. Boykin Curry , Mason Hawkins, and Jim Simons had large stakes of VOD as of the end of September ( see billionaire Jim Simons' top stocks ). >>To see these stocks in action, visit the 5 Top S&P Dividend Stock Picks portfolio on Stockpickr.