With the flack the credit rating agencies received during the recent financial collapse, it is interesting to see what their current ratings reveal.
If you look at some of the major firms that rate stocks, and you look to see what stocks meet their highest ratings, you can get a good idea of what the major consensus is for which stocks are considered quality investments.
Standard & Poor's highest rating is five stars. S&P is a division of The McGraw-Hill Companies, Inc. (MHP). The highest ratings for First Call Consensus are Buy and Strong Buy, the same with Jaywalk Consensus. The highest for Market Edge is Long, and for Jim Cramer 's TheStreet.com (TSCM), the top rating is Buy. If you look to see which stocks meet this criteria, and yield over 1%, you would come up with only two stocks. Here they are:
International Business Machines Corp. (IBM) 2.1%
McKesson Corporation (MCK) 1.1%
If you want to see other high yield stocks, such as high yield electric utilities and stocks that pay dividends monthly, go to WallStreetNewsNetwork.com.
Author doesn't own any of the above.