7 New Dividend Kings To Beat The Market In 2012

By Ben Strauss I ran a screen for large cap companies with big dividend yields alongside price stability. Here are the dividend stocks I found capable of beating a volatile market in 2012. As always, please use this analysis as a starting point in your own due diligence. Southern Copper (SCCO) is a $26 billion copper mining giant that currently yields 9%. The 52 week trading range is $22.58 – $47.87. SCCO currently trades around $32 and above its 200-day moving average. The payout ratio is around 81%, which is expected for this relatively stable business that produces significant cash. Right now, operating cash flow is at a $2.2 billion annual rate. These shares trade around my fair value estimate of $37, but I expect copper prices to continue to rise this year as well as for the long run. This is because of improving global and US economic conditions and a weaker dollar. I recommend investors take a look at SCCO and consider a correction as an opportunity to lock in a higher dividend yield as well as have more upside fromcapital gains. Right now, quarterly estimates for March 2012 are around $0.71 per share, with a full year…