Four Big Dividend Stocks That Signal More Upside Ahead

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What's the income investor to do? Major indices sit at all-time highs making the hunt for quality names paying a healthy dividend even harder to find. What if you could find stocks paying more than a four percent dividend, have a history of increasing their yield, and have an attractive chart? Here are a few.

Ever wonder who makes all of those (sometimes annoying) ads that play while you sit in a movie theater waiting for your movie to start? National CineMedia (NASDAQ: NCMI ) is the answer.

This small cap name has a dividend of 5.77 percent and is currently up 21 percent off of its lows. Its latest earnings were strong and the chart shows a tight wedge poised to break out. If it breaks out to the upside, the stock could test its October $16.00 highs.

Westar Energy (NYSE: WR ) is an electric utility that provides power generation and transmission in Kansas. It has a beta of 0.53 and a dividend of 4.29 percent.

Not only is it a relatively safe stock, the chart has rocketed up to 52 week highs after a small correction in late February. Income investors know that there's always yield in the utilities space but Westar Energy has growth characteristics too.

Cypress Semiconductor (NASDAQ: CY ) is one of the semiconductor names that doesn't have the mainstream appeal of an Intel (NASDAQ: INTC ) or Texas Instruments (NASDAQ: TXN ) but who wants Intel right now, anyway?

The company makes everything from touchscreen displays to LED technologies. It pays a 4.18 percent dividend and has increased it more than 13 percent over the past three years.

The chart recently broke out of a base pattern after a downtrend that started in June. The chart looks promising but watch for a near-term pullback based on diminishing volume.

Finally, Dow Chemical (NYSE: DOW ) develops materials for use in agriculture, healthcare, solar, consumer products, and more. It pays a 4.03 percent dividend and has increased it 13 percent over the past three years.

The chart tells the story of a name that has a beta of 2.35. From mid-November to the beginning of February it was up 27 percent only to give half of it back. It's since regained 6 percent of the losses and is testing its 50 DMA. If it breaks through, it's next major resistance level is six percent higher.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: CY , DOW , INTC , NCMI , TXN

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