U.S. Markets close in 5 hrs 51 mins

These Stocks Offer a High Forward Dividend Yield

Three stocks were thrashing the S&P 500 index in terms of higher dividend yield on Monday.

The S&P 500 index's yield was 1.85% as of Friday.

The first company is MPLX LP (NYSE:MPLX), whose shares closed at $30.2 on Friday with a market capitalization of $23.99 billion. The stock has a forward dividend yield of 8.84% versus the industry median of 6.99%.

The Findlay, Ohio-based oil and gas midstream operator has paid quarterly dividends since Feb. 14, 2013.

On Aug. 14, MPLX will pay 66.8 cents per common share to shareholders of record as of Aug. 5, which is in line with its previous distribution.

Additionally, the stock has a price-book ratio of 3.13 versus the industry median of 1.67 and an enterprise value-Ebitda ratio of 11.48 compared to the industry median of 11.96.

The stock lost 17% over the past 52 weeks through July 26. Shares were trading below the 200-, 100- and 50-day simple moving average lines. The 52-week range is $28.32 to $39.01.

The 14-day relative strength index of 33 suggests the stock is approaching oversold levels.

GuruFocus assigned a rating of 4 out of 10 for the company's financial strength and a 7 out of 10 rating for its profitability and growth.

The stock has a buy recommendation rating and an average target price of $38.67.

The second company is BT Group PLC (NYSE:BT), whose shares closed at $12.13 on Friday with a market capitalization of $23.72 billion.

The British provider of communication products and services globally has a forward dividend yield of 8% versus an industry median of 3.6%. BT Group has paid variable semi-annual dividends since Sept. 12, 1985.

On Feb. 11, the company paid a semi-annual dividend of 29.5 cents per common share.

Further, the stock has a price-book ratio of 1.88 versus the industry median of 1.96 and a price-sales ratio of 3.4 compared to the industry median of 1.3.

The share price has fallen 22% over the past year through July 26. It is below the 200-, 100- and 50-day simple moving average lines. The 52-week range is $11.81 to $17.33 per share.

The 14-day relative strength index of 42 suggests the stock is neither oversold nor overbought.

GuruFocus assigned a rating of 5 out of 10 for the company's financial strength and a 7 out of 10 rating for its profitability and growth.

Wall Street issued an overweight recommendation rating with an average target price of $16.69 per share of BT Group.

The third company is Vereit Inc. (NYSE:VER), whose shares closed at $9.22 on Friday with a market capitalization of approximately $8.97 billion. The forward dividend yield is 5.97% versus the industry median of 5.27%.

The Phoenix-based real estate investment trust consistently paid monthly dividends between Oct. 15, 2011 and Dec. 15, 2014. It has continuously paid quarterly dividends since Oct. 15, 2015. Currently, the quarterly dividend is 13.8 cents per common share.

The stock has a price-book ratio of 1.29 versus the industry median of 1.13 and a price-sales ratio of 7.13 compared to the industry median of 7.45.

The share price increased 23% over the past year through July 26 to above the 200-, 100- and 50-day simple moving average lines. The 52-week range is $6.88 to $9.72.




The 14-day relative strength index of 56 suggests the stock is neither oversold nor overbought.

GuruFocus assigned a rating of 4 out of 10 for the company's financial strength and 5 out of 10 for its profitability and growth.

Wall Street issued an overweight recommendation rating with an average target price of $9.33 per share.

Disclosure: I have no positions in any securities mentioned.

Read more here:



Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.

This article first appeared on GuruFocus.