The Best Dividend-Paying Stock List

At the beginning of each month I screen the market with my best dividend-paying stock screening criteria which are listed below. I believe that it makes sense to observe the market by good valuated long-term growth stocks. For sure many of the results are lucky strikes, companies that have had an extraordinary good financial strength and growth due to a fantastic business environment. But the developments are not sustainable. But sometimes there are new ideas on my list like Herbalife or recently the weapon maker Sturm & Ruger. Those were corporate stocks in special situations.

Twenty-eight companies are part of the best dividend-paying stock list for October 2013. The top pick is still Southern Copper, a commodity-based stock with a double-digit dividend yield. Eight additional stocks have a dividend yield over 5 percent and 14 have a buy or better rating by brokerage firms. Here are the four results with Low P/E's at earnings growth expectations over 10 percent: China Mobile (CHL), Vale (VALE), Southern Copper (SCCO) and Alliance Resource Partners (ARLP).

Source: Guru Focus

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