19 Stocks That Pay More than 5% Yields Today
Dividend stocks are a solid way to boost your passive income in today's market. Interest rate cuts are on the horizon, so locking in high-yield dividend stocks is a good idea before rate cuts make these stocks more attractive.
A 5% dividend yield is significantly higher than the Federal Reserve's 2% inflation target. Moreover, the underlying price appreciation of the stock will help you outperform those holding bonds. If you reinvest these high yields, your stock holdings could snowball in the long run.
Companies pay dividends using their cash flows, and a 5% yield means the business is paying out dividends to its shareholders equivalent to 5% of the stock's market price. It is a sustainable yield for cash-cow businesses in consumer staples, utilities, energy, and industrial sectors. MyInvestingNews will be looking at 19 such stocks.
Criteria for inclusion
- The business must be U.S.-based.
- Market capitalization over $1 billion.
- Tagged as either moderate or low risk by GuruFocus' screener.
- A forward dividend yield of over 5%, in ascending order.
- Payout ratio less than 100%.
#19 Franklin Resources (BEN)
- Price: $25.25
- Forward dividend yield: 5.07%
- Payout ratio: 56%
- Consecutive years of dividend hikes: 45
#18 Best Buy (BBY)
- Price: $74.21
- Forward dividend yield: 5.1%
- Payout ratio: 60%
- Consecutive years of dividend hikes: 22
#17 Avista (AVA)
- Price: $38.27
- Forward dividend yield: 5.13%
- Payout ratio: 81%
- Consecutive years of dividend hikes: 23
#16 ONEOK Inc (OKE)
- Price: $80.57
- Forward dividend yield: 5.14%
- Payout ratio: 77%
- Consecutive years of dividend hikes: 3
#15 Bristol-Myers Squibb (BMY)
- Price: $48.24
- Forward dividend yield: 5.15%
- Payout ratio: 33%
- Consecutive years of dividend hikes: 17
#14 VICI Properties (VICI)
- Price: $33.46
- Forward dividend yield: 5.2%
- Payout ratio: 68%
- Consecutive years of dividend hikes: 4
#13 The Interpublic Group of Companies (IPG)
- Price: $25.11
- Forward dividend yield: 5.28%
- Payout ratio: 48%
- Consecutive years of dividend hikes: 13
#12 FMC Corp (FMC)
- Price: $43.46
- Forward dividend yield: 5.37%
- Payout ratio: 71%
- Consecutive years of dividend hikes: N/A
#11 Universal Corp (UVV)
- Price: $57.8
- Forward dividend yield: 5.65%
- Payout ratio: 52%
- Consecutive years of dividend hikes: 56
#10 Macy's Inc (M)
- Price: $12.78
- Forward dividend yield: 5.71%
- Payout ratio: 28%
- Consecutive years of dividend hikes: 4
#9 Global Partners LP (GLP)
- Price: $52.09
- Forward dividend yield: 5.71%
- Payout ratio: 100%
- Consecutive years of dividend hikes: 5
#8 Upbound Group (UPBD)
- Price: $26.88
- Forward dividend yield: 5.76%
- Payout ratio: 50%
- Consecutive years of dividend hikes: 5
#7 Northern Oil & Gas (NOG)
- Price: $30.69
- Forward dividend yield: 5.85%
- Payout ratio: 32%
- Consecutive years of dividend hikes: 4
#6 Cheniere Energy Partners LP (CQP)
- Price: $54.53
- Forward dividend yield: 5.99%
- Payout ratio: 78%
- Consecutive years of dividend hikes: 1
#5 The Kraft Heinz (KHC)
- Price: $26.59
- Forward dividend yield: 6%
- Payout ratio: 54%
- Consecutive years of dividend hikes: N/A
#4 Chord Energy (CHRD)
- Price: $106.93
- Forward dividend yield: 6.14%
- Payout ratio: 52%
- Consecutive years of dividend hikes: 1
#3 Flowers Foods (FLO)
- Price: $15.89
- Forward dividend yield: 6.27%
- Payout ratio: 76%
- Consecutive years of dividend hikes: 24
#2 United Parcel Service (UPS)
- Price: $103.65
- Forward dividend yield: 6.33%
- Payout ratio: 84%
- Consecutive years of dividend hikes: 16
#1 Artisan Partners Asset Management (APAM)
- Price: $47.93
- Forward dividend yield: 6.37%
- Payout ratio: 98%
- Consecutive years of dividend hikes: N/A