Now that the stock market has finally reminded investors that it can sell off more than 10%, many investors are considering what to do, knowing that a slower growth scenario brings the need to keep value, growth and dividends in mind. Stock pickers, particularly those with a focus on value and income stocks, are finding many great bargains out there. Some stocks have sold off enough that their dividend yields are now even north of 5%.

24/7 Wall St. has been a big proponent of dividend stocks. After all, a third to as much as two-thirds of the expected gains through time in high-yielding stocks can come from dividends. We decided to review the universe of high payout stocks to see which ones are well known and may also be a bargain for value investors now.

In order to make a screen, these companies had to be household names to many Americans, or they had to be present around your life. Companies had to have a $2 billion market cap or more, and our barometer for high-yield in this hunt was a 5% dividend.

To add in an extra layer, which filtered out many of the potential candidates, was that they had to be valued at less than 20 times earnings. This does not imply that every single one of these dividends is assured, but we did try to keep that price-to-earnings (P/E) hurdle in mind to avoid mandatory dividend cuts.

Investors have proven over and over that they want to buy value on pullbacks. Investors also love dividends, and some of these yields may simply be “accidental high yielders” just because of their falling share prices.

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One last note is that we tried to include a negative aspect of each stock. The positive case may be that the dividend yields are so high, but investors need to get a better feel for risks and why some companies yield so much more than their rivals. There is no such thing as a free lunch, even if a company appears to have ample earnings coverage for its dividends.

A separate report just highlighted eight key dividend stocks valued under 10 times earnings, and the following are nine solid household names with yields above 5%.

AllianceBernstein Holding L.P. (NYSE: AB) is an asset management firm, and its stock has pulled back enough from highs in 2015 that it now sports better than a 7% dividend yield. Its $2.6 billion market cap is based on a $471 billion base of assets under management, but that figure was down 3% from just the prior month due to market prices and to outflows. Assets under management were $500 billion at the end of May and $474 billion at the end of 2014. AllianceBernstein trades at about 12 times next year’s earnings estimates.

Shares of AllianceBernstein were last seen near $26.50. The stock has a consensus analyst price target of $30.14 and a 52-week trading range of $22.00 to $32.74. The dividend yield is 7.2%.

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AT&T Inc. (NYSE: T) is the best dividend payer of the major telecom and wireless carriers. It also now has closed on its long-pending DirecTV merger, a move that will bolster its dividend even further. The stock is valued at just 11.5 times expected 2016 earnings, which should offer more than ample dividend coverage for quite some time. Despite a four-way wireless price war, AT&T has U-verse, DirecTV, business and landline operations and other wireless and Web services. The big drag here is that investors hate price wars.

Shares were last seen at $32.20, versus a 52-week range of $30.97 to $36.45. The consensus analyst price target is $37.00. AT&T has a dividend yield of 5.8% and a market cap of $198 billion.

Chevron Corp. (NYSE: CVX) has been battered and bruised. Its 5.5% or so dividend yield is based solely on the massive correction in the stock — down almost 40% from its 52-week high. As it is in the energy patch and so dependent on a weak oil market, there is really nothing that we can say that will encourage or discourage new investors here. The one caveat is that its $4.28 annualized dividend exceeds this year’s expected earnings per share estimate of $3.30. The company has said it wants to maintain that dividend yield, and that verdict may just rely solely on the long-term price trends of oil.

Shares of Chevron recently were above $77.00. The consensus price target is $95.32, and the 52-week range is $69.58 to $123.07. Its market cap is nearly $143 billion.

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Enterprise Products Partners L.P. (NYSE: EPD) has been battered along with the energy patch, but this is the king of master limited partnerships (MLPs) and it has been able to keep raising its distributions. Enterprise has pulled back about 40% from its highs and still is worth over $50 billion — and that 5.7% or so yield equivalent from the distribution keeps being called safe as it has continued to ratchet the payout higher. Analysts and institutions say that MLPs are largely immune, but the unit price drops and the industry pressure may be too large to avoid.

Shares of Enterprise Products were last seen at $25.40, below its consensus analyst price target of $37.50. The stock has 52-week trading range of $24.62 to $40.95.

Lamar Advertising Co. (NASDAQ: LAMR) is a company you might not think of as a household name, but if you drive on a freeway or a highway that has billboards for advertising then you almost certainly have seen one of its properties, there or on a bus ad or seat ad. It is now a real estate investment trust (REIT) but that is a relatively new development, with a value of 18 times projected earnings for 2016.

Lamar shares were recently trading at $53.05 in a 52-week range of $43.39 to $61.73. The consensus price target is $59.67. It has a dividend yield of 5.1% and a market cap of about $5 billion.

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Mattel Inc. (NASDAQ: MAT) is a household name in toys, and its share pullback by one-third has given it north of a 6% yield. While this one fits the screen, investors need to be aware that the $1.52 annualized dividend payout has been in place for over 18 months and is barely higher than its 2014 earnings per share and higher than the expected 2015 and 2016 earnings per share. That could spell trouble ahead, so don’t think you are getting a risk-free high dividend here, even if it is valued at 15 times expected 2016 earnings.

Mattel shares trade near $22.75, within its 52-week trading range of $20.50 to $32.19. The stock has a consensus analyst price target of $27.50 and a market cap of $7.7 billion. Its dividend yield is 6.6%.

R.R. Donnelley & Sons Co. (NASDAQ: RRD) is an integrated communications solutions in print and publishing, including magazines, catalogs, retail inserts, books, directories, packaging products and so on. The stock has lost more than a quarter of its peak value in the past year, but it does have dividend coverage expected and it is valued at only about nine times expected 2016 earnings. Investors who only think we are in a digital age may just not be excited about companies that still do real, live printing.

R.R. Donnelley shares were last seen at $14.90, with a 52-week trading range of $14.32 to $20.22. The consensus price target is $25.33, the market cap is $3.1 billion and it has a dividend yield of 6.6%.

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Southern Co. (NYSE: SO) is an electric utility giant, based in Atlanta with a coverage area of Alabama, Georgia, Florida and Mississippi, that has about than 4.5 million customers. Southern has a wide base of power-generation alternatives, some favorable and some that are considered dirty by coming EPA standards. It has the same risks as many utilities, including the risk of higher interest rates and higher future borrowing costs, and it is valued in line with many peers at 15 times expected 2016 earnings.

Shares were last seen near $44.00, slightly under its consensus analyst price target of $44.93. The 52-week range is $41.40 to $53.16, and the market cap is $39 billion. It has a dividend yield of 5.0%.

Tupperware Brands Corp. (NYSE: TUP) is a company that you almost certainly now have or have had one of its plastic storage products in your pantry. The stock has been hammered, losing about a third of its value, and that has given it a higher than 5% dividend yield, in part due to strong dollar and overseas weakness. The company’s earnings are down, but the $2.72 annualized payout comes with ample earnings coverage, it has an acceptable debt profile and it is valued at less than 11 times expected a blended 2015 to 2016 earnings estimate.

Tupperware’s stock recently traded at $50.05, near the lower end of its 52-week trading range of $47.85 to $72.93. The consensus price target is $62.89, and the market cap is about $2.5 billion. It has a dividend yield of 5.3%.

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Again, some of these high yields may now be among the “accidental high yields” due solely to a price drop in the stock. Investors may love dividends, but two or three of these dividends could face pressure ahead if there are continued negative developments. There really is no free lunch when it comes to evaluating stocks, not when the market is looking for a new fair-market multiple as it grapples with a slowing growth story.

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