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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