Three Hot Dividend Sectors You Might Be Missing

• By the tickerspy.com Staff
• On 11:55 am EST, Wednesday November 4, 2009

These sectors have outperformed the market while paying out some of the highest yields around.

Various segments of the energy and real estate sector pay some of the highest dividend yields, and recently a handful of these groups have averaged gained momentum as equity plays.

The dollar's recent strength has weighed on oil prices, but speculation that the Fed will keep rates low has helped the commodity back above the $80 mark. As a result, components of the Canadian Energy Trusts Index have enjoyed a significant rally.

Over the last week, Provident Energy Trust (NYSE: PVX - News) and Penn West Energy Trust (NYSE: PWE - News) have both gained more than 7%. Meanwhile, Enerplus Resources (NYSE: ERF - News) and Pengrowth Energy Trust (NYSE: PGH - News) have also turned positive. All four of these stocks yield more than 8% in dividend payments.

Tickerspy's top-yielding REIT Indexes have all run higher by more than 3% in the last five sessions. Healthcare, residential, and retail REITs also pay average dividends of over 6%.

Healthcare REITs HCP (NYSE: HCP - News) and Medical Properties Trust (NYSE: MPW - News) pay 6% and 9% dividends respectively, while residential REITs AvalonBay Communities (NYSE: AVB - News) and Equity Residential (NYSE: EQR - News) dish out over 4.5% in dividends.

The Tobacco and Tobacco Product Stocks Index has been lifted by Star Scientific's (NASDAQ: STSI - News) recent run, but it remains far from its highs before legal issues dragged the stock below $1 a share.

Meanwhile, Altria Group (NYSE: MO - News) and Philip Morris International (NYSE: PM - News) are distributing 7.3% and 4.8% respectively in the form of dividend payments. However, neither has been particularly interesting from an equity gains standpoint recently.

For more high-yielding equity sectors, investors can look to tickerspy's complete list of dividend Indexes, where 15 sectors average 5% or higher yields.

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