We have compiled a list of three stocks which have dividend yield of higher than 3.5% and are trading near to their 52-weeks lows. After being named among the ‘Top Dividend Stock of the NASDAQ 100’, CA, Inc. (NASDAQ:CA) is trading near its 52-week low. Other dividend stocks that are trading near to their 52-week lows include Coach Inc (NYSE:COH), which exhibited a poor quarterly result for its last quarter of the fiscal, and Consolidated Edison, Inc. (NYSE:ED).
CA, Inc. (NASDAQ:CA) is an information technology company that provides IT management software and business solutions to the enterprises. The company has a market capitalization of $12.57 billion. As per the first quarter of fiscal year 2015 financial results of CA, Inc. (NASDAQ:CA), the company reported revenue of $1.069 billion with GAAP earnings per share of $0.48. Earlier this month, CA, Inc. (NASDAQ:CA) and Wipro Limited (ADR) (NYSE:WIT) expanded their partnership for creating DevOps solutions, which will be used for testing purposes.
Coach Inc (NYSE:COH) is another high dividend paying stock, which is trading near its 52-week low. It deals in luxury fashion accessories and lifestyle products for both men and women. Coach Inc (NYSE:COH) offers dividend of 3.67% with a market cap of $10.11 billion. Despite of a downward rally of its share prices for the year, the company is on the right track of transforming its image to a lifestyle luxury brand and its global sales are growing regularly. However, one important reason for concern it the decreasing sales in both US as well as Japanese markets. Coach Inc (NYSE:COH) is going to spend $500 million in redesigning the look and experience of its shopping stores.
Coach Inc reported net sales of $1.14 billion for the quarter ending on June 28, 2014 with net income of $164 million. On a fiscal basis, the company sales have declined by 5% with net sales worth $4.81 billion.
Consolidated Edison, Inc. (NYSE:ED) is one of the largest energy companies owned by investors with average annual revenue of $12 billion. The company reported net income of $212 million for common shareholders with net assets worth more than $40 billion. Robert Hoglund will represent the company at the Barclays Capital 2014 CEO Energy/Power Conference in September 2014. Consolidated Edison, Inc. (NYSE:ED)’s shares are trading at $57.89 and has a high dividend yield of 4.35% and market cap of $16.96 billion. The lowest price of the stock during the last 52-weeks was $52.46 and the company currently trading with only 10.3% premium.
This article has been written by Prakash Pandey and edited by Serkan Unal.