Although it is a little dated, an article at Yahoo! provided by Investors Business Daily has a list of what they consider to be the top 10 rated high dividend stocks.
To get on the list, these high yield stocks must posses the following:
We screened for companies with an annual yield of 3% or higher. In addition, a Composite Rating of 85 or higher was required, ensuring that the stocks on the list are among the top 15% of performers right now. IBD’s Composite Rating identifies stocks with a powerful combination of strong fundamentals and leading price performance in their industry groups.
To ensure that the companies meet all our criteria of strong sales and earning growth, and leading price performance, they must have Earnings Per Share (EPS*) and Relative Price Strength (RS**) Ratings of 70 or higher.
Only stocks with Accumulation/Distribution Ratings of “C” or higher were included in the list. The rating uses a price and volume formula to determine if a stock is under accumulation (buying) or distribution (selling) in the last 13 weeks. A signals heavy buying; E is heavy selling. Price rises on above-average trade help lift the Acc/Dis Rating, while price declines on above-average volume hurt the rating. Furthermore, the current price of the stocks had to be at least $10 with an average daily volume of 200,000 shares or higher. Finally, all stocks were within 20% of a 52-week high as of the Wednesday, December 6 market close.
The list of high dividend stocks includes a wide variety of companies including oil and gas stocks, rail, and financial stocks. The list is dominated by energy firms, so I would not suggest simply buying all stocks on the list, but doing further analysis on ones that interest you.
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