U.S. Markets closed

3 Superior Forward Dividend Yield Stocks

- By Alberto Abaterusso

As of Friday, several stocks are offering a forward dividend yield that is higher than the S&P 500 index's yield of 1.94%. As a result, dividend investors may want to consider the following securities.

Shares of TFS Financial Corp. (TFSL) were trading around $16.93 on Friday. Following a 10% increase for the 52 weeks through Feb. 15, the forward dividend yield is 5.91%. The stock has a market capitalization of approximately $4.74 billion, a price-book ratio of 2.72 versus an industry median of 1.11, a price-sales ratio of 15.63 versus an industry median of 3.01 and a price-earnings ratio of 58.38 compared to an industry median of 12.36.