Many investors think that the perfect stock is one that sells for a low price and pays a high yield. It may be hard to believe but there are actually several stocks, including closed end funds or CEF's, that sell for less than $5 a share and pay a dividend, with five of the stocks with yields in excess of 6%. All of the following stocks pay quarterly unless otherwise specified. Also, all of the following have market caps above $265 million. Just remember that the yields are based on historical payments, and the dividends can be adjusted or terminated at any time. Zweig Fund ( ZF ) is a CEF with an objective of capital appreciation primarily through investment in equity securities. The stock has a PE of 12. The stock has a yield of 10.4 %. Zweig Total Return Fund ( ZTR ) is a CEF with an objective of capital ...

If you are looking for an industry that has been depressed, in a 'relatively stable' industry, provides steady dividends, and pays a high yield, you might want to take a look at the telecommunications industry. Many of these companies provides services to small towns and rural areas. All of the following companies have market caps greater than $400 million, PE ratios less than 40, and PEG ratios less than 9 [for some reason, PEGs are much higher on telecom stocks than other industries], and pay dividends. The huge telecom companies, such as Verizon (VZ) and Sprint Nextel (S) have been excluded from this list. Consolidated Communications Holdings Inc. (CNSL) provides telecommunications services to customers in Illinois, Texas, and Pennsylvania. The stock has a PE of 39 , a PEG of 3.57 , and pays a yield of 10.3% . Citizens Communications Co. (CZN), based in Stamford, Connecticut, ...