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Best Yielding Stocks For 2009 2Q Update
By: Dividend Growth Investor   Wednesday, July 01, 2009 11:47 AM
Symbols: ED, KMP, O, PM

Currently this dividend aristocrat yields 6.30%. Check my analysis of Consolidated Edison.

Kinder Morgan Energy Partners, L.P. (KMP) owns and manages energy transportation and storage assets in North America. One of the largest master limited partnerships in the US has generated a total return of 16.33% in 2009, one third of which came from this dividend achievers generous distributions. The units of this partnership currently yield 8.30%. Check my analysis of Kinder Morgan.

Philip Morris International Inc (PM) manufactures and sells cigarettes and other tobacco products in markets outside of the United States of America. The largest publicly traded manufacturer and marketer of tobacco products closed 2008 at $43.51/share and has paid $1.08 in dividends in 2009. At the current price of $43.62 the investment is up by 2.74%. This dividend growth stock currently spots an attractive 5.00% yield and recently announced its expectations to return some $9 billion in cash to its shareholders during 2009 in the form of dividends and share buybacks.Overall my picks gained 0.70% year to date. If you add in dividends, the total return was 4.10%. Check out the performance of the other bloggers year to date returns in the table below:

Rank

1 Four Pillars 48.83%

2 Intelligent Speculator 43.32%

3 The Wild Investor 41.45%

4 Where does all my money go 28.72%

5 The Financial Blogger 13.29%

6 Million Dollar Journey 4.76%

7 Dividend Growth Investor 0.70%

8 Zach Stocks -3.09%

9 My Traders Journal -11.36%

S & P 500 +3.16%

I would like to emphasize the fact that successful dividend investing is a long-term process. I strongly doubt that a time frame of less than 15 years is indicative of whether the performance of the stock picks above is sustainable or not. Having a diversified portfolio of at least 30 individual companies from several sectors, sizes and locations is essential in order to be diversified and avoid taking unnecessary risks. Check out the Best Dividend Stock for the Long Run list, which is a good addition to today's post.


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