Dividends4Life: Citi’s Latest CDS-Screened Dividend Picks

Citi’s Latest CDS-Screened Dividend Picks

Posted by D4L | Tuesday, December 11, 2012 | | 0 comments »

Citi picks out global stocks with a market cap greater than $10 billion and a dividend yield at least 1.5 percentage points higher than median-yielding stocks. From these, Citi filters for companies that are also on top-tier financial footing as judged by the credit-default swaps market, specifically those with CDS spreads under 100 basis points (the lower the CDS, the lower the perceived credit risk).

This month’s list includes 21 U.S.-based companies, up significantly from 15 last month. Several companies that had fallen off last month’s list, namely Exelon Corp. (EXC), Intel Corp. (INTC) and Xcel Energy (XEL), rejoined the roll call this month, while companies including Pfizer (PFE) and Progress Energy (PGN) fell off the list this time around. Other additions include DTE Energy (DTE) and Du Pont de Nemours (DD).

Source: Baron's

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