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Get Four
|  | OCTOBER 8, 2004
 STOCK SCREENS By Numer de Guia, CFA Double-Barrel Stocks Looking for shares that offer a juicy dividend yield and promising capital appreciation? These 20 manage to do both Everyone wants to make more money, as Sally Struthers once said in a long-ago late-night TV ad. For equity investors, that can be accomplished in two ways: Picking stocks that feature a hefty dividend yield -- or ones that hold the promise of capital appreciation. Or you could choose stocks with high marks on both counts. In our recent screens, we have focused on dividend-paying stocks with high S&P STARS rankings -- indicating what S&P analysts consider promising prospects for capital appreciation. For this week's edition, we decided to take a page from our colleague Sam Stovall and examine things from a sectoral point of view. To wit: Where do the best yields -- and STARS rankings -- lie in each of the 10 S&P sectors (as defined under the Global Industry Classification Standard, or GICS)? For this week's screen, we examined each S&P sector, screening first for those issues ranked 4 STARS (accumulate) or 5 STARS (buy), meaning that S&P equity analysts expect them to outperform the overall market over the next 6 to 12 months. That takes care of the capital apreciation part. Now for the yield. We then looked within each sector group for the two names with the highest indicated dividend yields. We found a wide range of yields by sector, ranging from 1.3% in the Info Tech group (Automated Data Procesing) to 11.6% in Financials (Annaly Mortgage). The indicated average yield is 4.8% -- well above the 1.6% average yield for the S&P 500-stock index. Here are the 20 names we uncovered:
 De Guia is an analyst for Standard & Poor's Portfolio Advisors All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Standard & Poor's Regulatory Disclosure Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc.
BW MALL
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