With many utilities and other dividend-paying stocks having been bid up by income-hungry investors, it’s getting tougher to find relatively cheap stocks that pay out a nice dividend. For instance, here some stocks — Consolidated Edison (ED) and Dominion Resources (D) among them — with dividend yields of 4% or more, but look at the pricey PE ratios.

Now, of course, each of these companies has problems. Intel (INTC), the chip maker, is lagging behind in developing chips for mobile devices. The oil companies – Royal Dutch Shell (RDSA), Total (TOT), BP (BP), ConocoPhillips (COP) — are facing slack demand with economic growth in Europe and China reduced. Strayer (STRA), a for-profit education company, like its competitors, is having a harder time signing up students with government loan rules made less lax. Safeway’s (SWY) supermarkets are battered from below by Wal-Mart (WMT) and from above by Whole Foods (WFM). And so on.

Source: Forbes

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