Top Paying Dividend Stocks by Industry

Jim Pyke submits:Many investors recognize that Electric Utilities and Tobacco tend to be good places to look for solid companies with strong dividend yields. However, there are some other promising industries for dividend investors as well. While knowing the top yielding stock in a given industry is an interesting starting point, it is probably more valuable to know which industries have significant numbers of dividend paying companies and also which industries tend to provide above average dividend yields.

Jim Pyke submits:These basic materials (metals, energy but excluding utilities, chemicals) stocks are well positioned to take advantage of rising commodity prices while offering an attractive dividend yield. Some names on this list may be more familiar than others. One goal was to select companies that represent a broad range of industries.

By Osman Gulseven:Jim Cramer is the co-founder and the chairman of the TheStreet.com, Inc. Cramer’s TheStreet.com lists 10 top stocks in each industry day by day. As I was checking out its top stock picks, I realized seven dividend-paying electric utility stocks were among its top picks.

By Kevin Quon:When it comes to planning an income-based portfolio, proper diversification remains the key. For investors looking to replace their income, selecting companies from distinct sectors helps to protect against industry-specific risks. Being able to spread about such risk is a requisite in order to maintain a consistent flow of income in light of changing economic conditions that inevitably will occur.

By Fredrik Arnold:This monthly report series was initiated in December 2011 with dog dividend methodology applied to each of eight major market sectors. In alphabetical order, those sectors were: basic materials, consumer goods, financial, healthcare, industrial goods, services, technology and utilities.

By Fredrik Arnold:This monthly report series was initiated in December 2011 with dog dividend methodology being applied to each of eight major market sectors. In alphabetical order those sectors were: Basic materials, consumer goods, financial, healthcare, industrial goods, services, technology, and utilities.

By Fredrik Arnold:This monthly report series began in December as dog dividend methodology was applied to each of eight major market sectors. In alphabetical order those sectors were: basic materials, consumer goods, financial, healthcare, industrial goods, services, technology, and utilities. The ninth sector, conglomerates, according to Yahoo Finance, contained just eight firms, five of which paid dividends. Thus the reporter declined to apply dogs of the index metrics to such a small group.

By Jim Pyke:Communication Service companies tend to provide very good dividend yields. Among the approximately 100 industries used by Edgar Online to classify companies, the Communication Services industry ranked fourth with a market-cap weighted average dividend yield of 4.0%. In comparison, the SPDR S&P 500 Trust ETF (SPY) provides a current dividend yield of 1.84%.