In these dog days of summer, stocks aren't moving too much. Here are a few companies in the S&P 500 (INDEXSP:.INX) that are could be very good for sitting back and collecting dividends. These 10 companies have a much lower price-to-earnings (P/E) ratio than the average of 17.2 for the S&P 500 index, all have a dividend yield of over 3%, and some have been on a tear this year.

10. Intel (NASDAQ:INTC), Eaton Corp. (NYSE:ETN), ConocoPhillips (NYSE:COP), Lockheed Martin (NYSE:LMT), PPL Corporation (NYSE:PPL), Raytheon Co. (NYSE:RTN), General Dynamics, Northrup Grumman, JPMorgan Chase (NYSE:JPM) and Seagate Technology (NASDAQ:STX).

Source: Minyanville

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