From Dividend Growth Stocks:
There is perceived safety in size. Giant corporations aren’t randomly grown. Instead, they are carefully built through superior management and foresight. Often, these are more mature companies that also offer stability and predictability, usually at the expense of dynamic growth. These are your mega-cap stocks.
There is no universal definition of mega-cap stocks. Many define mega-cap as companies with a market cap exceeding $100 billion. Needless to say, most mega-cap companies are headquartered in the U.S., Europe, and Japan. The 2000s commodity boom resulted in many energy and resource companies achieving mega-cap status, while the financial crisis resulted in some of the financial institutions losing mega-cap status.
This week, I screened my dividend growth stocks database for stocks with a market cap over $100 billion and with a dividend yield above 3%. The results are presented below…