High-Dividend Stocks That Could Afford to Pay You Double

We have identified ten stocks that have high dividend yields – those greater than 3% – that could afford to pay double their current dividend, i.e. those having less than a 40% payout ratio for the most recent quarter. Additionally, each of these companies also generate at least $4 of cash flow per share.

The first companies on this list, Chevron Corporation (NYSE:CVX) and ConocoPhillips (NYSE:COP), are in the profitable oil and gas sector. Two other solid dividend stocks we found are computer companies Dell Inc. (NASDAQ:DELL) and Intel Corporation (NASDAQ:INTC), with respective dividend yields of 3.1% and 3.9%. The other stock that could theoretically double up on its dividend payment is Walgreen Company (NYSE:WAG).

Source: Insider Monkey

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