At a time when many investors are seeking yield, much solace has been found in utilities, but one issue with this sector is its limited upside. Growth for these companies is generally low and investors rely on the stable dividend for return. We have identified five companies who pay a high dividend yield – greater than 3% – and have tremendous long-term growth potential, i.e. with a 5-year expected growth rate of 15% or more.
These stocks are double whammies, offering relatively high income when treasuries are at historical lows, and the potential for serious price appreciation. We also believe these stocks can afford to continue to pay their dividends for the foreseeable future, as their payout ratios are below 100%: Enterprise Product Partners L.P. (NYSE:EPD), Siemens AG (NYSE:SI), Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM), Rio Tinto PLC (NYSE:RIO) and British Sky Broadcasting Group PLC (LON:BSY).
Source: Insider Monkey
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