While some equities might look good as long-term investment opportunities, many investors seek good dividend stocks to buy now for immediate access to dividend income.
Even without complex analytical systems, most investors can easily identify multiple equities that have the capacity to generate solid total returns. Simple web-based tools — such as the Dividend Screener tool available at DividendInvestor.com — and just a few constraints will generally deliver a list of a dozen potential equities.
However, to finalize the selection of the equities that are best suited to meet the goals and strategies of individual investment portfolios, investors must consider additional metrics. Using these additional metrics to finalize the selection process will reduce the pool of potential candidates to just a few viable options.
While a generally positive indication, a high yield might be just a reflection of a share price decline. Even if the share price has fallen, investors must perform a more detailed analysis to ascertain whether that share price decline resulted from significant long-term flaws in the company’s fundamentals or whether the price decline is just a cyclical pullback.
Fundamental operational and financial issues should be a sufficient number of reasons to disregard a particular stock. Alternatively, a temporary pullback could provide investors with an opportunity to take a position in the stock in order to take advantage of a potential price recovery and related gains.
In addition to above-average current yields, the five good dividend stocks to buy now listed below offer additional characteristics which make these equities worthy of consideration right now. For instance, the dividend yields of all five stocks exceed 2.5% and all five ex-dividend dates are within the next 10 days. Therefore, interested investors should complete their own analysis and due diligence promptly before claiming ownership of these good dividend stocks before their upcoming ex-dividend dates.
Furthermore, the total return over the trailing 12-month period exceeds the individual stocks’ current yield. That is an indication that the share prices have risen over the past year to complement the dividend income payouts and produced balanced overall gains.
5 Good Dividend Stocks to Buy Now: #5
Best Buy, Inc. (NYSE:BBY)
Best Buy’s current $0.50 dividend distribution is equivalent to a $2.00 annualized payout and yields 2.6%. This current yield is 18% higher than the 2.17% simple average yield of the overall Services sector, as well as more than 170% above the 0.94% yield average of the Specialty Retail industry segment. Additionally, the current yield is nearly 9% higher than the 2.35% average yield of the segments only dividend-paying companies.
The company has boosted its annual dividend payout every year since beginning dividend distribuions 17 years ago. The 10-fold advancement since 2003 corresponds to an average dividend growth rate of 14.5% per year.
The 25% asset appreciation since early-December 2018 and the continued dividend income growth combined for total return of nearly 30% over the last year. The three-year total return was even higher at nearly 85%. However, Best Buy’s shareholders more than doubled their investment over the past five years with a total return of 135%.
5 Good Dividend Stocks to Buy Now: #4
Northern Trust Corporation (NASDAQ:NTRS)
Headquartered in Chicago, Illinois and founded in 1889, the Northern Trust Corporation operates as a financial holding company that provides wealth management, asset management and banking solutions. The company has paid dividends for more than 120 years. Just over the past two decades, the bank has boosted its annual payout 14 times. A five-fold advancement since 1999 corresponds to an average dividend growth rate of 8.6% per year.
The current $0.70 quarterly payout amount corresponds to a $2.80 annualized distribution and yields 2.7%. This current yield is more than 40% above the company’s own 1.88% yield average over the last five years. In addition to outperforming its own five-year average, the trust’s current yield is also 3% higher than the $2.58 simple yield average of the Midwest Regional Banks industry segment.
Asset appreciation complemented the dividend income growth for a combined total return of 10.5% over the trailing 12 months. Additionally, the total return over the past three years was 33% and nearly 71% over the past five years.
5 Good Dividend Stocks to Buy Now: #3
Hewlett Packard Enterprise Company (NYSE:HPE)
Since distributing its first dividend distribution at the beginning of 2016, Hewlett Packard has increased its annual dividend payout every year. After more than doubling its annual payout amount, the company’s average was increased by $0.01 each subsequent January. However, HPE changed the pattern in 2018 because a second dividend increase was announced for July. In addition to the fact that this was the first additional yearly increase for the company, this increase was also much more substantial as it took the quarterly payout from $0.075 to $0.115 per share, an increase of nearly 50%. The new $0.115 quarterly amount converts to a $0.45 annualized dividend payout and a 2.8% forward yield. Since January 2016, Hewlett Packard’s annual payout has more than doubled, and over that period, the annual dividend amount has advanced at an average growth rate of 43% per year.
Because of the traditionally low yields of the Technology sector, HPE’s current 2.8% yield is nearly 160% higher than the 1.08% simple average of the entire sector. Likewise, the Technical & System Software industry sub-segment has a similarly low average yield of 1.02%, which puts HPE’s 2.8% yield nearly 175% higher. Even if all the companies in the sub-segment with no dividend distributions are ignored, HPE’s current yield still outperforms the 1.8% average yield of only dividend-paying companies by more than 55%.
5 Good Dividend Stocks to Buy Now: #2
Valley National Bancorp (NASDAQ:VLY)
Based in New York, New York and founded in 1927, Valley National Bancorp operates as the holding company for the Valley National Bank. This bank provides commercial, retail, insurance, and wealth management financial services through approximately 200 branches in New Jersey, New York, Florida and Alabama. After delivering five cuts to its annual dividend payout amount in the five years from 2014 through 2019, the firm has since stabilized its dividend payout at $0.44.
The company’s current $0.11 quarterly payout is equivalent to a $0.44 annualized payout and a 4% forward dividend yield. This is nearly in line with the 4.14% simple average yield of the overall Financial sector. However, compared to the 2.37% average yield of its peers in the Northeast Regional Banks sector, Valley National’s current yield is 67% higher. Additionally, the current 4% yield is also more than 53% above the 2.58% yield average of the segment’s only dividend-paying companies.
Additionally, a 7.8% share price advancement and the dividend income have combined to reward shareholders with a 12% total return over the last year. Over the last five years, the total return was nearly 40%.
5 Good Dividend Stocks to Buy Now: #1
Bed, Bath & Beyond, Inc. (NASDAQ:BBBY)
Headquartered in Union, New Jersey and founded in 1971, Bed, Bath & Beyond, Inc. sells a range of household merchandise, including linens, kitchen and bathroom articles, basic housewares, general home furnishings, consumables and various juvenile products. In addition to the Bed, Bath & Beyond brand, the company operates store under the several additional brands, including World Market, Cost Plus World Market, buybuy BABY Christmas Tree Shops and Chef Central.
The company’s current $0.17 quarterly dividend payout corresponds to a $0.68 annualized distribution and yields 4.9%. Since beginning dividend distributions in 2016, the company has boosted its annual payout every year. A 36% boost from an annualized $0.50 distribution in 2016 to the current payout corresponds to an average growth rate of 8% per year.
An 80% share price drop since late 2014 delivered total losses of 77% and 63% over the last five and three years, respectively. However, the current share price is nearly 90% higher than its 10-year low from mid-August 2019. Furthermore, the 14% share price gain has helped produce a total return of nearly 20% over the trailing 12 months.
Dividend increases and dividend decreases, new dividend announcements, dividend suspensions and other dividend changes occur daily. To make sure you don’t miss any important announcements, sign up for our E-mail Alerts. Let us do the hard work of gathering the data and sending the relevant information directly to your inbox.
In addition to E-mail Alerts, you will have access to our powerful dividend research tools. Take a quick video tour of the tools suite.
Ned Piplovic is the assistant editor of website content at Eagle Financial Publications. He graduated from Columbia University with a Bachelor’s degree in Economics and Philosophy. Prior to joining Eagle, Ned spent 15 years in corporate operations and financial management. Ned writes for www.DividendInvestor.com and www.StockInvestor.com.
Because quarterly dividends might fall short of desired income flows, investors seeking more frequent income payouts can take advantage of monthly dividend distributions offered by some stocks and exchange-traded funds (ETFs).
In addition to offering a more consistent cash inflow, monthly dividend stocks provide few additional advantages. Driven by the compounding effect of more frequent payouts, monthly dividend stocks and ETFs can grow their assets at a faster rate. Instead of receiving a quarterly payout every three months, monthly dividends allow investors to receive a portion of that income every month and reinvest the money right away.
Investors could include in their portfolio a selection of equities with staggered pay dates in an effort to achieve a payout schedule equivalent to monthly distributions. However, that approach requires extensive research and would limit the number of equities that meet the distribution timing requirements. The most likely outcome of this approach would be a less than optimal portfolio strategy and, most likely, reduced total returns.
Furthermore, achieving a similar level of monthly payments would be difficult to create. Additionally, many of the equities that pay monthly dividends are Real Estate Investment Trusts (REITs) and Master Limited Partnerships (MLPs), which take advantage of their favorable tax status and tend to pay higher-than average dividend yields.
Equities with monthly dividend payouts are relatively easy to find. Most investment advisory sites and brokerages have either a functionality to filter the equities by the payout frequency or a separate section that displays only securities with monthly dividend distributions. The list below offers several good resources to find the monthly dividend stocks and ETFs that will offer the best fit for each investor’s individual investment portfolio strategy.
Best Resources for Monthly Dividend Stocks and ETFs: #10
NASDAQ.com
While serving as one of the stock exchanges in the United States, NASDAQ.com also offers information about equities from all exchanges. The articles and investing advice available on the company’s website offer information and ideas about monthly dividend stocks and ETFs for income-seeking investors as well.
Best Resources for Monthly Dividend Stocks and ETFs: #9
The Motley Fool
As a provider of market insights and a variety of investing advice, the Motley Fool website also offers articles and information on dividend-generating securities for investors looking to invest in equities paying monthly dividend distributions.
Best Resources for Monthly Dividend Stocks and ETFs: #8
The Oxford Club’s The Oxford Income Letter
The club’s flagship newsletter, The Oxford Communiqué, penned by the Club’s Chief Investment Strategist, Alexander Green, offers market overviews and general investment advice. However, The Oxford Income Letter, written by the club’s Chief Income Strategist Marc Lichtenfeld, offers advice focused on income-generating equities for the investors seeking monthly dividend income.
Best Resources for Monthly Dividend Stocks and ETFs: #7
Forbes
Handing out financial markets advice for more than a century, Forbes offers plenty of material for income-minded investors. While the print magazine focuses more on overall market trends and economic news, Forbes’ website offers the detailed information and articles for the investors interested in monthly dividend stocks and ETF’s.
Best Resources for Monthly Dividend Stocks and ETFs: #6
Stock Investor
The Stock Investor website offers general information and advice about investing and overall markets. However, within the site, investors interested in income investing can find substantial amount of information and articles about dividends, including monthly dividend stocks and ETFs.
Best Resources for Monthly Dividend Stocks and ETFs: #5
Bryan Perry’s Dividend Investing Weekly Newsletter
The Dividend Investing Weekly newsletter is just one of several services offered by a financial expert and investment advisor Bryan Perry. In addition to Bryan’s Cash Machine service that focuses on income-generating ideas from multiple sources, the Dividend Investing Weekly newsletter focuses on equities offering steady dividend income payouts. Bryan’s website includes a combination of free advice and paid subscription-based premium services and offers various investing resources, including the My Top Monthly Dividend Payer report for investors seeking monthly dividend stocks and ETFs.
Best Resources for Monthly Dividend Stocks and ETFs: #4
Jim Woods’ ETF Investing Newsletter
A 20-plus-year veteran of financial markets as a broker, hedge fund trader, financial writer, author and a true Renaissance Man, Jim Woods offers his expertise through several services and publications. One of the publications is Jim’s weekly ETF Investing newsletter. In addition to general insights about investing in exchange-traded funds (ETFs), Jim’s newsletter offers a wealth of information and advice beneficial to investors seeking to invest in monthly distribution ETFs.
Best Resources for Monthly Dividend Stocks and ETFs: #3
MoneyShow.com
For nearly four decades MoneyShow has been one of the leading organizers of financial and investment conferences in the United States and Canada. MoneyShow offers annual conferences in cities such as New Orleans, Las Vegas, Toronto, Vancouver, San Francisco and more. In addition to these conferences, the MoneyShow also offers investors the opportunity to engage in investment cruises with itineraries across the world. Prominent investment experts, such as Steve Forbes and Mark Skousen, host these cruises and offer opportunities for more intimate engagement with smaller groups of investors. Furthermore, the MoneyShow offers articles on its website on a variety of topics, including monthly dividend stocks.
Best Resources for Monthly Dividend Stocks and ETFs: #2
Dividend Investor’s general Dividend Directory
While not specifically designed as a resource for finding and analyzing monthly dividend stocks and ETFs, Dividend Investor’s general Dividend Directory offers options to distinguish monthly dividend stocks and ETFs from equities with other dividend distribution frequencies. Before sorting the identified monthly dividend stocks and ETF’s by any of 18 values, investors can use up to 13 different filters to narrow down the selection of securities to just a few monthly stocks and ETF’s that best match the investors’ portfolio needs and current strategy. Currently, investors can trim the list from nearly 60,000 securities available on DividendInvestor.com to barely more than 800 potential monthly dividend stocks and ETF’s by using just two criteria: ticker length to eliminate mutual funds and number of monthly payouts.
Best Resources for Monthly Dividend Stocks and ETFs: #1
Monthly Dividend Directory at DividendInvestor.com
The Dividend Investor monthly dividend directory is a web-based database of all monthly dividend equities with a three-month moving time frame. The directory updates daily and drops older equities as new equities declare their upcoming distributions. Currently, the directory contains more than 2,100 equities with ex-dividend dates through mid-January 2020 and pay dates through the beginning of February 2020. The tool offers the ability to sort the current data by 14 criteria, such as market capitalization, dividend yield, number of consecutive annual dividend increases, monthly payout amount, ex-dividend date, pay date and more.
Regardless of which resources and analysis methods investors use, finding equities best suited for every investment strategy is relatively easy. Picking just one resource for monthly dividend stocks and ETFs as universally best is nearly impossible. Investor strategies, needs and personal preferences vary extensively. Some investors will be content with using the standard forms and tools offered. Other investors will find the available information lacking and will insist on downloading the data into their preferred software application for a more detailed level of analysis.
Investors that prefer trading their equities to maximize dividend income will need more frequent data updates, which could occur multiple times per day. Alternatively, investors looking for balanced total returns over extended periods might be satisfied with data updated on a daily or even weekly basis. Regardless of the specific needs, investors should find the tools and resources best suited to their portfolio needs and learn how to use those to identify the equities best suited to their individual investment strategy.
Dividend increases and dividend decreases, new dividend announcements, dividend suspensions and other dividend changes occur daily. To make sure you don’t miss any important announcements, sign up for our E-mail Alerts. Let us do the hard work of gathering the data and sending the relevant information directly to your inbox.
In addition to E-mail Alerts, you will have access to our powerful dividend research tools. Take a quick video tour of the tools suite.
Ned Piplovic is the assistant editor of website content at Eagle Financial Publications. He graduated from Columbia University with a Bachelor’s degree in Economics and Philosophy. Prior to joining Eagle, Ned spent 15 years in corporate operations and financial management. Ned writes for www.DividendInvestor.com and www.StockInvestor.com.
Income-seeking investors looking for equities to buy right now should consider looking for their potential picks among the nearly three dozen large-cap stocks going ex-dividend next week.
Large-cap stocks generally comprise most of the leading benchmark indices across global markets. For instance, companies must have capitalization in excess of $8 billion to qualify for inclusion in the S&P 500 index. Other major U.S. indices, the Dow Jones Industrial Average and the Nasdaq Composite, have similar capitalization requirements. Since these large-cap stocks generally mirror the performance of the overall markets, Investors frequently choose these stocks to build the core of their investment portfolios.
Several characteristics make these large-cap stocks desirable as core portfolio building blocks. Generally, these are stocks of older and established companies that typically offer a high degree of transparency regarding their operations and financial results. This transparency allows investors easy access to information for stock analysis and evaluation.
As established companies with businesses that generate relatively reliable results, these companies can establish set dividend policies that have specific payout and growth commitments over the long term. Furthermore, as large and established companies, many of the large-cap companies generally have a portfolio of diversified businesses. This strategy allows these companies to take advantage of market growth across several sectors and weather downturns in one of the several markets in which the companies operate.
Sorted in ascending order by dividend yield and for investor’s immediate consideration, below are 35 stocks with market capitalizations of more than $10 billion that go ex-dividend next week. Therefore, interested investors who are looking to take advantage of the upcoming dividend distributions, should not delay their own analysis and due diligence.
While the equities below might deliver lower growth during bull markets, these stocks will also generally offer better protection in bear markets. The market capitalizations ranges between $10.11 billion for Comerica, Inc. (NYSE:CMA) to the high of more than $220 billion for Merck & Company, Inc. (NYSE:MRK). The average capitalization of the entire group is slightly below $40 billion.
The dividend yields range from 0.17% (Textron, Inc., NYSE:TXT) to 6.74% (The Williams Companies, Inc., NYSE:WMB), with a 2.3% simple average yield. The yields of the top 10 companies exceed 3% and average 4%. Eight stocks have not raised the dividend distribution in the past year. The remaining 27 equities boosted their annual dividend payout between one and 43 consecutive years for an average annual dividend boost streak just short of five years.
Large-Cap Stocks Going Ex-Dividend Next Week: #35
Textron, Inc. (NYSE:TXT)
Dividend Yield: 0.17%
Market Cap: $10.51
Sector: Industrials
Current Quarterly Dividend: $0.02
Payout change to Previous Period: None
Dividend Payout Ratio: 2%
Consecutive Annual Hikes: 0
December 2, 2019, Closing Price: $46.04
12-Month Total Return: -17.81%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: January 01, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #34
Thermo Fisher Scientific, Inc. (NYSE:TMO)
Dividend Yield: 0.24%
Market Cap: $125.53
Sector: Health Care
Current Quarterly Dividend: $0.19
Payout change to Previous Period: None
Dividend Payout Ratio: 8%
Consecutive Annual Hikes: 1
December 2, 2019, Closing Price: $313.04
12-Month Total Return: 25.81%
Next Ex-Dividend Date: December 16, 2019
Next Pay Date: January 15, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #33
Global Payments, Inc. (NYSE:GPN)
Dividend Yield: 0.44%
Market Cap: $53.52
Sector: Industrials
Current Quarterly Dividend: $0.195
Payout change to Previous Period: $0.185
Dividend Payout Ratio: 2%
Consecutive Annual Hikes: 0
December 2, 2019, Closing Price: $178.07
12-Month Total Return: 59.47%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: December 27, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #32
Verisk Analytics, Inc. (NASDAQ:VRSK)
Dividend Yield: 0.68%
Market Cap: $23.94
Sector: Industrials
Current Quarterly Dividend: $0.25
Payout change to Previous Period: None
Dividend Payout Ratio: 27%
Consecutive Annual Hikes: 0
December 2, 2019, Closing Price: $146.11
12-Month Total Return: 19.29%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: December 31, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #31
STMicroelectronics NV (NYSE:STM)
Dividend Yield: 0.82%
Market Cap: $21.62
Sector: IT & Communications
Current Quarterly Dividend: $0.051
Payout change to Previous Period: None
Dividend Payout Ratio: 15%
Consecutive Annual Hikes: 0
December 2, 2019, Closing Price: $24.27
12-Month Total Return: 65.15%
Next Ex-Dividend Date: December 16, 2019
Next Pay Date: December 27, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #30
Domino’s Pizza, Inc. (NYSE:DPZ)
Dividend Yield: 0.88%
Market Cap: $12.03
Sector: Services
Current Quarterly Dividend: $0.65
Payout change to Previous Period: None
Dividend Payout Ratio: 28%
Consecutive Annual Hikes: 5
December 2, 2019, Closing Price: $294.05
12-Month Total Return: 7.17%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: December 27, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #29
Amphenol Corporation (NYSE:APH)
Dividend Yield: 0.97%
Market Cap: $30.45
Sector: Industrials
Current Quarterly Dividend: $0.25
Payout change to Previous Period: None
Dividend Payout Ratio: 25%
Consecutive Annual Hikes: 7
December 2, 2019, Closing Price: $102.7
12-Month Total Return: 18.14%
Next Ex-Dividend Date: December 16, 2019
Next Pay Date: January 08, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #28
Fidelity National Information Services, Inc. (NYSE:FIS)
Dividend Yield: 1.03%
Market Cap: $83.43
Sector: Industrials
Current Quarterly Dividend: $0.35
Payout change to Previous Period: None
Dividend Payout Ratio: 65%
Consecutive Annual Hikes: 2
December 2, 2019, Closing Price: $135.74
12-Month Total Return: 27.34%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: December 27, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #27
NXP Semiconductors NV (NASDAQ:NXPI)
Dividend Yield: 1.09%
Market Cap: $32.08
Sector: IT & Communications
Current Quarterly Dividend: $0.375
Payout change to Previous Period: None
Dividend Payout Ratio: 17%
Consecutive Annual Hikes: 0
December 2, 2019, Closing Price: $114.76
12-Month Total Return: 39.45%
Next Ex-Dividend Date: December 13, 2019
Next Pay Date: January 06, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #26
Intercontinental Exchange, Inc. (NYSE:ICE)
Dividend Yield: 1.18%
Market Cap: $51.95
Sector: Financials
Current Quarterly Dividend: $0.275
Payout change to Previous Period: None
Dividend Payout Ratio: 29%
Consecutive Annual Hikes: 5
December 2, 2019, Closing Price: $93.3
12-Month Total Return: 15.81%
Next Ex-Dividend Date: December 13, 2019
Next Pay Date: December 31, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #25
Southwest Airlines Company (NYSE:LUV)
Dividend Yield: 1.27%
Market Cap: $29.85
Sector: Industrials
Current Quarterly Dividend: $0.18
Payout change to Previous Period: None
Dividend Payout Ratio: 15%
Consecutive Annual Hikes: 7
December 2, 2019, Closing Price: $56.72
12-Month Total Return: 5.15%
Next Ex-Dividend Date: December 10, 2019
Next Pay Date: January 08, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #24
Leidos Holdings, Inc. (NYSE:LDOS)
Dividend Yield: 1.51%
Market Cap: $12.72
Sector: IT & Communications
Current Quarterly Dividend: $0.34
Payout change to Previous Period: None
Dividend Payout Ratio: 28%
Consecutive Annual Hikes: 0
December 2, 2019, Closing Price: $89.85
12-Month Total Return: 45.22%
Next Ex-Dividend Date: December 13, 2019
Next Pay Date: December 27, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #23
Motorola Solutions, Inc. (NYSE:MSI)
Dividend Yield: 1.55%
Market Cap: $28.28
Sector: IT & Communications
Current Quarterly Dividend: $0.64
Payout change to Previous Period: $0.07
Dividend Payout Ratio: 38%
Consecutive Annual Hikes: 7
December 2, 2019, Closing Price: $165.04
12-Month Total Return: 27.97%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: January 15, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #22
Lam Research Corporation (NASDAQ:LRCX)
Dividend Yield: 1.75%
Market Cap: $38.15
Sector: Industrials
Current Quarterly Dividend: $1.15
Payout change to Previous Period: None
Dividend Payout Ratio: 33%
Consecutive Annual Hikes: 4
December 2, 2019, Closing Price: $262.94
12-Month Total Return: 70.39%
Next Ex-Dividend Date: December 10, 2019
Next Pay Date: January 08, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #21
Broadridge Financial Solutions, Inc. (NYSE:BR)
Dividend Yield: 1.77%
Market Cap: $14.01
Sector: Financials
Current Quarterly Dividend: $0.54
Payout change to Previous Period: None
Dividend Payout Ratio: 51%
Consecutive Annual Hikes: 11
December 2, 2019, Closing Price: $122.21
12-Month Total Return: 17.83%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: January 03, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #20
Nasdaq, Inc. (NASDAQ:NDAQ)
Dividend Yield: 1.80%
Market Cap: $17.12
Sector: Financials
Current Quarterly Dividend: $0.47
Payout change to Previous Period: None
Dividend Payout Ratio: 58%
Consecutive Annual Hikes: 6
December 2, 2019, Closing Price: $104.46
12-Month Total Return: 16.90%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: December 27, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #19
Automatic Data Processing, Inc. (NASDAQ:ADP)
Dividend Yield: 2.16%
Market Cap: $72.95
Sector: IT & Communications
Current Quarterly Dividend: $0.91
Payout change to Previous Period: $0.12
Dividend Payout Ratio: 58%
Consecutive Annual Hikes: 43
December 2, 2019, Closing Price: $168.59
12-Month Total Return: 17.12%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: January 01, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #18
Garmin Ltd (NASDAQ:GRMN)
Dividend Yield: 2.35%
Market Cap: $19.20
Sector: Consumer Products
Current Quarterly Dividend: $0.57
Payout change to Previous Period: None
Dividend Payout Ratio: 54%
Consecutive Annual Hikes: 1
December 2, 2019, Closing Price: $96.92
12-Month Total Return: 50.41%
Next Ex-Dividend Date: December 13, 2019
Next Pay Date: December 31, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #17
American International Group, Inc. (NYSE:AIG)
Dividend Yield: 2.48%
Market Cap: $44.94
Sector: Financials
Current Quarterly Dividend: $0.32
Payout change to Previous Period: None
Dividend Payout Ratio: 63%
Consecutive Annual Hikes: 0
December 2, 2019, Closing Price: $51.66
12-Month Total Return: 23.14%
Next Ex-Dividend Date: December 11, 2019
Next Pay Date: December 26, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #16
T Rowe Price Group, Inc. (NASDAQ:TROW)
Dividend Yield: 2.49%
Market Cap: $28.57
Sector: Financials
Current Quarterly Dividend: $0.76
Payout change to Previous Period: None
Dividend Payout Ratio: 38%
Consecutive Annual Hikes: 2
December 2, 2019, Closing Price: $122.26
12-Month Total Return: 26.81%
Next Ex-Dividend Date: December 13, 2019
Next Pay Date: December 30, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #15
Best Buy, Inc. (NYSE:BBY)
Dividend Yield: 2.53%
Market Cap: $20.87
Sector: Services
Current Quarterly Dividend: $0.50
Payout change to Previous Period: None
Dividend Payout Ratio: 36%
Consecutive Annual Hikes: 1
December 2, 2019, Closing Price: $79.2
12-Month Total Return: 25.72%
Next Ex-Dividend Date: December 16, 2019
Next Pay Date: January 07, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #14
Ameren Corporation (NYSE:AEE)
Dividend Yield: 2.69%
Market Cap: $18.13
Sector: Utilities
Current Quarterly Dividend: $0.495
Payout change to Previous Period: $0.02
Dividend Payout Ratio: 58%
Consecutive Annual Hikes: 5
December 2, 2019, Closing Price: $73.68
12-Month Total Return: 10.86%
Next Ex-Dividend Date: December 10, 2019
Next Pay Date: December 31, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #13
Fidelity National Financial, Inc. (NYSE:FNF)
Dividend Yield: 2.80%
Market Cap: $12.97
Sector: Financials
Current Quarterly Dividend: $0.33
Payout change to Previous Period: $0.02
Dividend Payout Ratio: 44%
Consecutive Annual Hikes: 4
December 2, 2019, Closing Price: $47.14
12-Month Total Return: 44.94%
Next Ex-Dividend Date: December 16, 2019
Next Pay Date: December 31, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #12
Merck & Company, Inc. (NYSE:MRK)
Dividend Yield: 2.80%
Market Cap: $221.60
Sector: Health Care
Current Quarterly Dividend: $0.61
Payout change to Previous Period: $0.06
Dividend Payout Ratio: 61%
Consecutive Annual Hikes: 7
December 2, 2019, Closing Price: $87.04
12-Month Total Return: 13.25%
Next Ex-Dividend Date: December 13, 2019
Next Pay Date: January 08, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #11
Hewlett Packard Enterprise Company (<strongNYSE:HPE)
Dividend Yield: 3.05%
Market Cap: $20.58
Sector: IT & Communications
Current Quarterly Dividend: $0.12
Payout change to Previous Period: $0.0075
Dividend Payout Ratio: 37%
Consecutive Annual Hikes: 2
December 2, 2019, Closing Price: $15.76
12-Month Total Return: 8.87%
Next Ex-Dividend Date: December 10, 2019
Next Pay Date: January 02, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #10
Restaurant Brands International, Inc. (NYSE:QSR)
Dividend Yield: 3.05%
Market Cap: $19.54
Sector: Services
Current Quarterly Dividend: $0.50
Payout change to Previous Period: None
Dividend Payout Ratio: 79%
Consecutive Annual Hikes: 3
December 2, 2019, Closing Price: $65.55
12-Month Total Return: 16.58%
Next Ex-Dividend Date: December 16, 2019
Next Pay Date: January 03, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #9
DTE Energy Company (NYSE:DTE)
Dividend Yield: 3.28%
Market Cap: $22.63
Sector: Utilities
Current Quarterly Dividend: $1.0125
Payout change to Previous Period: $0.0675
Dividend Payout Ratio: 64%
Consecutive Annual Hikes: 9
December 2, 2019, Closing Price: $123.38
12-Month Total Return: 7.04%
e=”padding-left: 80px;”>Next Ex-Dividend Date: December 13, 2019
Next Pay Date: January 15, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #8
Extra Space Storage, Inc. (NYSE:EXR)
Dividend Yield: 3.44%
Market Cap: $13.55
Sector: Financials
Current Quarterly Dividend: $0.90
Payout change to Previous Period: None
Dividend Payout Ratio: 111%
Consecutive Annual Hikes: 9
December 2, 2019, Closing Price: $104.61
12-Month Total Return: 13.60%
Next Ex-Dividend Date: December 13, 2019
Next Pay Date: December 31, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #7
HP, Inc. (NYSE:HPQ)
Dividend Yield: 3.53%
Market Cap: $29.39
Sector: IT & Communications
Current Quarterly Dividend: $0.1762
Payout change to Previous Period: $0.016
Dividend Payout Ratio: 24%
Consecutive Annual Hikes: 2
December 2, 2019, Closing Price: $19.83
12-Month Total Return: -10.23%
Next Ex-Dividend Date: December 10, 2019
Next Pay Date: January 02, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #6
Crown Castle International Corporation (NYSE:CCI)
Dividend Yield: 3.67%
Market Cap: $54.44
Sector: Financials
Current Quarterly Dividend: $1.20
Payout change to Previous Period: $0.075
Dividend Payout Ratio: 227%
Consecutive Annual Hikes: 4
=”padding-left: 80px;”>December 2, 2019, Closing Price: $130.95
12-Month Total Return: 18.93%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: December 31, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #5
Gilead Sciences, Inc. (NASDAQ:GILD)
Dividend Yield: 3.81%
Market Cap: $83.65
Sector: Health Care
Current Quarterly Dividend: $0.63
Payout change to Previous Period: None
Dividend Payout Ratio: 117%
Consecutive Annual Hikes: 3
December 2, 2019, Closing Price: $66.12
12-Month Total Return: -3.79%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: December 30, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #4
Comerica, Inc. (NYSE:CMA)
Dividend Yield: 3.82%
Market Cap: $10.11
Sector: Financials
Current Quarterly Dividend: $0.67
Payout change to Previous Period: None
Dividend Payout Ratio: 33%
Consecutive Annual Hikes: 8
December 2, 2019, Closing Price: $70.1
12-Month Total Return: -7.33%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: January 01, 2020
Large-Cap Stocks Going Ex-Dividend Next Week: #3
Public Storage (NYSE:PSA)
Dividend Yield: 3.83%
Market Cap: $36.51
Sector: Financials
Current Quarterly Dividend: $2.00
Payout change to Previous Period: None
Dividend Payout Ratio: 95%
Consecutive Annual Hikes: 0
December 2, 2019, Closing Price: $209.03
12-Month Total Return: 2.71%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: December 30, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #2
Las Vegas Sands Corporation (NYSE:LVS)
Dividend Yield: 4.91%
Market Cap: $48.15
Sector: Services
Current Quarterly Dividend: $0.77
Payout change to Previous Period: None
Dividend Payout Ratio: 123%
Consecutive Annual Hikes: 5
December 2, 2019, Closing Price: $62.69
12-Month Total Return: 21.08%
Next Ex-Dividend Date: December 16, 2019
Next Pay Date: December 26, 2019
Large-Cap Stocks Going Ex-Dividend Next Week: #1
The Williams Companies, Inc. (NYSE:WMB)
Dividend Yield: 6.74%
Market Cap: $27.33
Sector: Energy
Current Quarterly Dividend: $0.38
Payout change to Previous Period: None
Dividend Payout Ratio: 54%
Consecutive Annual Hikes: 1
December 2, 2019, Closing Price: $22.55
12-Month Total Return: -3.59%
Next Ex-Dividend Date: December 12, 2019
Next Pay Date: December 30, 2019
Dividend increases and dividend decreases, new dividend announcements, dividend suspensions and other dividend changes occur daily. To make sure you don’t miss any important announcements, sign up for our E-mail Alerts. Let us do the hard work of gathering the data and sending the relevant information directly to your inbox.
In addition to E-mail Alerts, you will have access to our powerful dividend research tools. Take a quick video tour of the tools suite.
Ned Piplovic is the assistant editor of website content at Eagle Financial Publications. He graduated from Columbia University with a Bachelor’s degree in Economics and Philosophy. Prior to joining Eagle, Ned spent 15 years in corporate operations and financial management. Ned writes for www.DividendInvestor.com and www.StockInvestor.com.
While monthly dividend stocks sometimes trade the security of a steady income flow for lower returns, investors who are seeking these monthly distributions can still enjoy above-average dividend yields with the right selection of equities.
Most investment advisory sites and brokerages offer a special section for researching equities with monthly dividends — such as the Monthly Dividend Directory available on DividendInvestor.com. Using just two criteria — monthly dividend payouts and a current dividend yield in excess of 4% — the tool identified 30 equities that fit these requirements.
Because this search’s sole determining factor is the dividend yield, something that increases when the share price falls, some of the equities on the list below have negative total returns over the trailing 12 months. However, the list contains enough equities that complement their above-average yield with asset appreciation to produce robust total returns. Additionally, investors should conduct their own detailed analysis to determine whether any of the share price pullbacks could be opportunities to buy stocks at discounted prices in order to take advantage of any eventual share price recoveries.
Sorted in ascending order by dividend yield, the list below comprises all company stocks — excluding mutual funds, exchange-traded funds (ETFs) and exchange-traded notes (ETNs) — that offer current yields of more than 4% while paying monthly dividends. In addition to each equity’s basic information — company name, ticker and exchange where the stock trades — the list below also provides current market capitalizations, the year when the equity began paying dividends, the current streak of consecutive annual dividend hikes, total return over the trailing 12 months and more.
Monthly Dividend Stocks Paying 4%-Plus: #30
Gladstone Land Corporation (NASDAQ:LAND)
Market Cap: $265.48 million
Sector: Financials
First Dividend: 2013
Dividends Paid: 6 years
Consecutive Annual Hikes: 4 years
November 29, 2019 Closing Price: $12.68
12-Month Total Return: 0.90%
Dividend Yield: 4.26%
Monthly Dividend Stocks Paying 4%-Plus: #29
Shaw Communications, Inc. (NYSE:SJR)
Market Cap: $10.07 billion
Sector: Services
First Dividend: 1990
Dividends Paid: 29 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $20.79
12-Month Total Return: 13.21%
Dividend Yield: 4.34%
Monthly Dividend Stocks Paying 4%-Plus: #28
STAG Industrial, Inc. (NYSE:STAG)
Market Cap: $4.12 billion
Sector: Financials
First Dividend: 2011
Dividends Paid: 8 years
Consecutive Annual Hikes: 4 years
November 29, 2019 Closing Price: $30.99
12-Month Total Return: 22.42%
Dividend Yield: 4.61%
Monthly Dividend Stocks Paying 4%-Plus: #27
LTC Properties, Inc. (NYSE:LTC)
Market Cap: $1.86 billion
Sector: Financials
First Dividend: 1992
Dividends Paid: 27 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $46.81
12-Month Total Return: 8.88%
Dividend Yield: 4.87%
Monthly Dividend Stocks Paying 4%-Plus: #26
BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)
Market Cap: $506.46 million
Sector: Financials
First Dividend: 1990
Dividends Paid: 29 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $8.55
12-Month Total Return: 22.71%
Dividend Yield: 4.91%
Monthly Dividend Stocks Paying 4%-Plus: #25
Pembina Pipeline Corporation (NYSE:PBA)
Market Cap: $13.07 billion
Sector: Energy
First Dividend: 2010
Dividends Paid: 9 years
Consecutive Annual Hikes: 8 years
November 29, 2019 Closing Price: $35
12-Month Total Return: 6.17%
Dividend Yield: 5.26%
Monthly Dividend Stocks Paying 4%-Plus: #24
Gladstone Investment Corporation (NASDAQ:GAIN)
Market Cap: $486.42 million
Sector: Financials
First Dividend: 2005
Dividends Paid: 14 years
Consecutive Annual Hikes: 3 years
November 29, 2019 Closing Price: $14.82
12-Month Total Return: 61.24%
Dividend Yield: 5.53%
Monthly Dividend Stocks Paying 4%-Plus: #23
Main Street Capital Corporation (NYSE:MAIN)
Market Cap: $2.73 billion
Sector: Financials
First Dividend: 2007
Dividends Paid: 12 years
Consecutive Annual Hikes: 4 years
November 29, 2019 Closing Price: $43.11
12-Month Total Return: 22.02%
Dividend Yield: 5.71%
Monthly Dividend Stocks Paying 4%-Plus: #22
EPR Properties (NYSE:EPR)
Market Cap: $5.56 billion
Sector: Financials
First Dividend: 1997
Dividends Paid: 22 years
Consecutive Annual Hikes: 4 years
November 29, 2019 Closing Price: $70.92
12-Month Total Return: 6.82%
Dividend Yield: 6.35%
Monthly Dividend Stocks Paying 4%-Plus: #21
Gladstone Commercial Corporation (NASDAQ:GOOD)
Market Cap: $711.40 million
Sector: Financials
First Dividend: 2003
Dividends Paid: 16 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $22.78
12-Month Total Return: 27.77%
Dividend Yield: 6.58%
Monthly Dividend Stocks Paying 4%-Plus: #20
Apple Hospitality REIT, Inc. (NYSE:APLE)
Market Cap: $3.64 billion
Sector: Financials
First Dividend: 2015
Dividends Paid: 4 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $16.26
12-Month Total Return: 9.67%
Dividend Yield: 7.38%
Monthly Dividend Stocks Paying 4%-Plus: #19
PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)
Market Cap: $486.98 million
Sector: Financials
First Dividend: 2011
Dividends Paid: 8 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $12.56
12-Month Total Return: 5.22%
Dividend Yield: 7.80%
Monthly Dividend Stocks Paying 4%-Plus: #18
Solar Senior Capital Ltd (NASDAQ:SUNS)
Market Cap: $288.17 million
Sector: Financials
First Dividend: 2011
Dividends Paid: 8 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $17.96
12-Month Total Return: 23.53%
Dividend Yield: 7.85%
Monthly Dividend Stocks Paying 4%-Plus: #17
Gladstone Capital Corporation (NASDAQ:GLAD)
Market Cap: $315.90 million
Sector: Financials
First Dividend: 2001
Dividends Paid: 18 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $10.41
12-Month Total Return: 31.78%
Dividend Yield: 8.07%
Monthly Dividend Stocks Paying 4%-Plus: #16
Cohen & Steers Global Income Builder, Inc. (NYSE:INB)
Market Cap: $206.15 million
Sector: Financials
First Dividend: 2007
Dividends Paid: 12 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $9.16
12-Month Total Return: 18.73%
Dividend Yield: 8.08%
Monthly Dividend Stocks Paying 4%-Plus: #15
Whitestone REIT (NYSE:WSR)
Market Cap: $570.50 million
Sector: Financials
First Dividend: 2010
Dividends Paid: 9 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $14.04
12-Month Total Return: 8.58%
Dividend Yield: 8.12%
Monthly Dividend Stocks Paying 4%-Plus: #14
Colony Credit Real Estate, Inc. (NYSE:CLNC)
Market Cap: $1.70 billion
Sector: Financials
First Dividend: 2018
Dividends Paid: 1 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $13.25
12-Month Total Return: -12.33%
Dividend Yield: 9.06%
Monthly Dividend Stocks Paying 4%-Plus: #13
Stellus Capital Investment Corporation (NYSE:SCM)
Market Cap: $271.49 million
Sector: Financials
First Dividend: 2012
Dividends Paid: 7 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $14.36
12-Month Total Return: 16.25%
Dividend Yield: 9.47%
Monthly Dividend Stocks Paying 4%-Plus: #12
Horizon Technology Finance Corporation (NASDAQ:HRZN)
Market Cap: $181.99 million
Sector: Financials
First Dividend: 2010
Dividends Paid: 9 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $12.49
12-Month Total Return: 22.18%
Dividend Yield: 9.61%
Monthly Dividend Stocks Paying 4%-Plus: #11
Harvest Capital Credit Corporation (NASDAQ:HCAP)
Market Cap: $54.64 million
Sector: Financials
First Dividend: 2013
Dividends Paid: 6 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $9.2
12-Month Total Return: 1.46%
Dividend Yield: 10.43%
Monthly Dividend Stocks Paying 4%-Plus: #10
Prospect Capital Corporation (NASDAQ:PSEC)
Market Cap: $2.40 billion
Sector: Financials
First Dividend: 2004
Dividends Paid: 15 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $6.52
12-Month Total Return: 6.67%
Dividend Yield: 11.04%
Monthly Dividend Stocks Paying 4%-Plus: #9
AGNC Investment Corporation (NASDAQ:AGNC)
Market Cap: $9.37 billion
Sector: Financials
First Dividend: 2008
Dividends Paid: 11 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $17.32
12-Month Total Return: 9.08%
Dividend Yield: 11.09%
Monthly Dividend Stocks Paying 4%-Plus: #8
Kayne Anderson MLP (NYSE:KYN)
Market Cap: $432.98 million
Sector: Financials
First Dividend: 2005
Dividends Paid: 14 years
Consecutive Annual Hikes: 1 year
November 29, 2019 Closing Price: $12.55
12-Month Total Return: -12.01%
Dividend Yield: 11.47%
Monthly Dividend Stocks Paying 4%-Plus: #7
Capitala Finance Corporation (NASDAQ:CPTA)
Market Cap: $137.33 million
Sector: Financials
First Dividend: 2013
Dividends Paid: 6 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $8.49
12-Month Total Return: 19.36%
Dividend Yield: 11.78%
Monthly Dividend Stocks Paying 4%-Plus: #6
ARMOUR Residential REIT, Inc. (NYSE:ARR)
Market Cap: $1.02 billion
Sector: Financials
First Dividend: 2010
Dividends Paid: 9 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $17.26
12-Month Total Return: -11.51%
Dividend Yield: 11.82%
Monthly Dividend Stocks Paying 4%-Plus: #5
OFS Credit Co, Inc. (NASDAQ:OCCI)
Market Cap: $41.77 million
Sector: Financials
First Dividend: 2018
Dividends Paid: 1 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $16.67
12-Month Total Return: 11.56%
Dividend Yield: 12.24%
Monthly Dividend Stocks Paying 4%-Plus: #4
Great Elm Capital Corporation (NASDAQ:GECC)
Market Cap: $79.10 million
Sector: Financials
First Dividend: 2017
Dividends Paid: 2 years
Consecutive Annual Hikes: 1 year
November 29, 2019 Closing Price: $7.86
12-Month Total Return: 10.99%
Dividend Yield: 12.72%
Monthly Dividend Stocks Paying 4%-Plus: #3
Vermilion Energy, Inc. (NYSE:VET)
Market Cap: $1.61 billion
Sector: Energy
First Dividend: 2010
Dividends Paid: 9 years
Consecutive Annual Hikes: 1 year
November 29, 2019 Closing Price: $14.42
12-Month Total Return: -29.75%
Dividend Yield: 14.73%
Monthly Dividend Stocks Paying 4%-Plus: #2
Orchid Island Capital, Inc. (NYSE:ORC)
Market Cap: $318.39 million
Sector: Financials
First Dividend: 2013
Dividends Paid: 6 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $5.68
12-Month Total Return: -2.21%
Dividend Yield: 16.90%
Monthly Dividend Stocks Paying 4%-Plus: #1
Oxford Lane Capital Corporation (NASDAQ:OXLC)
Market Cap: $16.67 million
Sector: Financials
First Dividend: 2011
Dividends Paid: 8 years
Consecutive Annual Hikes: 0 years
November 29, 2019 Closing Price: $8.31
12-Month Total Return: 4.70%
Dividend Yield: 19.49%
Dividend increases and dividend decreases, new dividend announcements, dividend suspensions and other dividend changes occur daily. To make sure you don’t miss any important announcements, sign up for our E-mail Alerts. Let us do the hard work of gathering the data and sending the relevant information directly to your inbox.
In addition to E-mail Alerts, you will have access to our powerful dividend research tools. Take a quick video tour of the tools suite.
Ned Piplovic is the assistant editor of website content at Eagle Financial Publications. He graduated from Columbia University with a Bachelor’s degree in Economics and Philosophy. Prior to joining Eagle, Ned spent 15 years in corporate operations and financial management. Ned writes for www.DividendInvestor.com and www.StockInvestor.com.
After several years of negative total returns driven by share price struggles, the Navient Corporation (NASDAQ:NAVI) has delivered a total return of more than 30% over the trailing 12-month period to complement its 4.5% dividend yield.
Despite steady payouts over the past several years, Navient Corporation’s dividend income distributions were unable to overcome the declining share price. However, with a resurging share price, the company’s shareholders have been rewarded with above-average total returns over the past year.
The Navient Corporation’s earnings growth projections for the next year imply a continuation of the current trend. Additionally, the company’s current Return on Equity (ROE) is nearly 28% higher than the industry average, which gives the Navient Corporation a significant advantage over its peers.
Furthermore, the company’s current dividend payout ratio of 31% is just slightly above the lower limit of the 30% to 50% range, which investors generally consider sustainable over extended periods. Additionally, the current payout ratio indicates that the company currently uses less than one-third of its earnings to cover dividend distributions. Therefore, the dividend payouts are well-covered by the company’s earnings and sustainable over the long term.
The current payout ratio is even lower than the company’s 37% payout ratio average over the last five years. A low payout ratio offers investors a level of confidence that the company should be able to continue delivering the current level of dividend payouts and even allows the company to potentially boost its dividend distribution amount in the future. Only once the payout ratio begins approaching the 50% level should investors start worrying about the company’s ability to support its dividend distributions.
The Navi Corporation will distribute the next round of dividend payouts on the December 20, 2019, pay date to all shareholders of record as of the Dec. 6 record date. To lock in shareholder of record status and eligibility to receive the upcoming dividend distributions next month, investors must claim stock ownership before the December 5, 2019, ex-dividend date. For any transactions that occur on the ex-dividend date, the selling party is considered the owner of the stock. Therefore, the buyer of the stock on the ex-dividend date is not eligible for the dividend distribution immediately following the upcoming ex-date.
Navient Corporation (NASDAQ:NAVI)
Based in Wilmington, Delaware, and founded in 1973, the Navient Corporation provides asset management and business processing services to education, health care and government clients and operates in three segments — Federal Family Education Loan Program (FFELP) Loans, Private Education Loans and Business Services. The company’s portfolio contains education loans insured or guaranteed under the FFELP and private education loans. Additionally, the company holds education loans owned by the United States Department of Education (ED), financial institutions and nonprofit education lenders. The company also offers asset recovery and other business processing services for loans and receivables on behalf of guarantors of FFELP loans and higher education institutions, as well as federal, state, court and municipal clients.
The Navient Corporation began distributing dividends to its shareholders in the second quarter of 2014 with an initial $0.15 quarterly payout. The company raised its dividend amount 6.7% to a $0.16 quarterly distribution for the first quarter the following year and continues to pay the same amount as of the last quarterly payout in 2019. The company’s current quarterly distribution is equivalent to a $0.64 annualized payout and offers shareholders a 4.47% forward dividend yield.
After losing more than half of its value during 2015, the company’s share price has advanced nearly 60% since January 2016. This share price growth pushed Navient’s current yield below its long-term average. The current 4.47% forward yield is 8.3% below the company’s 4.88% yield average over the past five years.
However, despite trailing its five-year average, Navient Corporation’s current yield outperformed yield averages of the company’s industry peers. Compared to the 4.12% simple yield average of the overall Financial sector, Navient Corporation’s current yield is 8.6% higher. Furthermore, Navi Corporation’s current yield is 62% higher than the 2.76% average yield of the company’s peers in the Credit Services industry segment. Moreover, the current yield is even 12.5% higher than the 3.98% simple yield average of the segment’s dividend-paying companies
With the flat dividend distributions, the share price deficit has overpowered the income payouts and delivered total losses over the extended time horizon. Over the past five years, the share price has lost nearly one-third of its value. Despite steady payouts, dividend income payouts managed to cut the deficit only to 16.4% for the last five years. Dividend income managed to offset almost 60% of the Navient Corporation’s 20% share price decline and limited losses over the last three years to just 8%.
However, unlike the above-mentioned trend over extended periods, Navient Corporation’s share price has staged a resurgence since the beginning of 2019. Nearly 60% higher than its 52-week low in late 2018 and more than 25% above its level from one year ago, the share price combined with the reliable quarterly dividend payouts for a total return of more than 35% over the trailing 12 months.
Dividend increases and dividend decreases, new dividend announcements, dividend suspensions and other dividend changes occur daily. To make sure you don’t miss any important announcements, sign up for our E-mail Alerts. Let us do the hard work of gathering the data and sending the relevant information directly to your inbox.
In addition to E-mail Alerts, you will have access to our powerful dividend research tools. Take a quick video tour of the tools suite.
Ned Piplovic is the assistant editor of website content at Eagle Financial Publications. He graduated from Columbia University with a Bachelor’s degree in Economics and Philosophy. Prior to joining Eagle, Ned spent 15 years in corporate operations and financial management. Ned writes for www.DividendInvestor.com and www.StockInvestor.com.
High dividend mutual funds still can provide steady returns even though exchange-traded funds (ETFs) are gaining popularity as the investment of choice for investors seeking easy diversification.
To maximize one’s investment returns, investors can seek out high dividend mutual funds that offer robust asset appreciation in addition to steady income distributions in order to produce strong total returns over an extended time horizon.
The list below contains five high dividend mutual funds with yields exceeding 8%. Additionally, only one of these five mutual funds provide a 12-month total percent return that is in the single digits. The other four funds have double-digit percentage total returns over the past year. Over the past three years, the five funds have total returns between 14% and 30%.
5 High Dividend Mutual Funds for Your Portfolio: #5
Unconstrained Emerging Markets Bond Fund – Class Y (NASDAQ:EMBYX)
The VanEck Unconstrained Emerging Markets Bond Fund seeks returns by investing in debt securities that are issued by governments, quasi-government entities or corporations in emerging market countries.
As of October 31, 2019, nearly half of the fund’s assets are invested in sovereign bonds, a third are in corporate bonds, 11% are in quasi-sovereign bonds and approximately 6.5% were in cash and cash equivalents. Out of the 27 countries represented in the fund, holdings from the top five countries — Brazil, Mexico, Argentina, Indonesia and Ukraine — accounted for more than 45% of the fund’s total assets. Brazil and Mexico (11.7%) and Argentina (10) were the only two countries with shares in the double-digit percentages.
Because the unit price fell from its 52-week low back to just slightly above its level from one year earlier, the fund’s total annual dividend distributions of 8.12% contributed nearly 98% of the 8.3% total returns over the trailing 12 months. The three-year total return is 14.2%.
5 High Dividend Mutual Funds for Your Portfolio: #4
American Beacon Frontier Markets Income Fund (NASDAQ:AGEYX)
This fund focuses its investing on countries and companies in frontier markets, which are usually smaller and less-developed markets that are at earlier stages of economic and financial development when compared to more mainstream emerging markets. Generally, the fund targets investments in sovereign and corporate debt in 45 to 65 frontier markets countries, as well as frontier market currencies.
Excluding approximately 6.5% of the fund’s assets that are cash, more than 90% of the fund’s assets comprise investments in government bonds. Investments in the Financial (5%), Industrial (1.7%) and Energy (1.2%) sectors round off all the segments that have more than 1% share of the assets. When combined, the sectors have more than 98% of the fund’s fixed income investments. With less than 1% of the fund’s assets each, Consumer Non-Cyclical, Basic Materials, Communications and Utilities contribute the remaining 2% share.
The fund had the largest exposure to investments in Egypt at 7%. With asset shares between 6.8% and 3.7%, Nigeria, Kenya , Ghana, the Ivory Coast, Ecuador, Sri Lanka, Ukraine and the Dominican Republic round out the top ten countries by asset share.
While the unit price has advanced only 2% over the trailing 12 months, the fund’s monthly distributions have combined to produce an annual $0.73 payout that corresponds to an 8.51% yield. The combined total return was 10.35% over the past 12 months and double that figure over the past three years.
5 High Dividend Mutual Funds for Your Portfolio: #3
State Street Aggregate Bond Index Fund – Class A (NASDAQ:SSFCX)
The State Street Aggregate Bond Index Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays U.S. Aggregate Bond Index that tracks the U.S. dollar-denominated investment grade bond market over the long term.
As of October 31, 2019, the State Street Aggregate Bond Index Fund had 3,425 individual holdings that comprised $4.2 million in total assets. The largest share of the fund’s assets, nearly 40%, is in treasury bonds. Mortgage-backed securities account for nearly 27% of total assets. Three different types of corporate bonds — Industrials at 15%, Financials at 8% and Utilities at 2% — cover another quarter of total assets.
Therefore, these top three classes of holdings — treasury bonds, mortgage-backed securities and corporate bonds — account for almost 90% of the fund’s total assets. Non-Corporate bonds, commercial mortgage-backed securities (CMBS), agency bonds and asset backed securities comprise the last 10% of the fund’s assets.
The fund’s current monthly distributions correspond to an $0.88 annualized payout and an 8.67% forward yield. After a 7% decline from 2015 through late 2018, the share price has fully recovered from those losses during the trailing 12 months. Consequently, the total returns over the past three and five years are just a few cents away from the 31.3% total return over the past year.
5 High Dividend Mutual Funds for Your Portfolio: #2
Real Estate Real Return Strategy Fund (NASDAQ:PETCX)
The Real Estate Real Return Strategy Fund seeks to capture the performance potential of real estate through derivative exposure to the broad-based Dow Jones U.S. Select Real Estate Investment Trust (REIT) Index. This exposure is collateralized with a portfolio of Treasury Inflation-Protected Securities (TIPS) that provide additional return and inflation hedging potential.
As of October 31, 2019, the fund’s 104 individual holdings combined for $1.26 billion in total assets. Aside from 14% of assets invested in diversified real estate opportunities, the fund has allocated more than one-fifth of its assets into residential apartments. An additional 12% of the fund’s assets is comprised of office real estate properties and 11% are in warehousing and industrial facilities. These top four categories account for nearly 60% of the fund’s total assets. All the remaining investment areas — Health Care, Storage, Manufactured Homes, Regional Malls, Hotels and Shopping Centers — contribute less than 10% each.
The fund has hiked its quarterly distributions more than 10-fold over the past four years. The fund’s current $0.62 annualized dividend distribution corresponds to an 8.87% forward dividend yield. Driven by the overall market correction, the unit price declined more than 10% in late 2018. However, the fund’s unit price has advanced nearly 19% year-to-date in 2019.
Over the past 12 months, the asset appreciation and dividend distributions have combined for a total return of 18%. The total return has exceeded 26% over the past three years.
5 High Dividend Mutual Funds for Your Portfolio: #1
Eaton Vance Emerging Markets Local Income Fund Class A (NASDAQ:EEIAX)
With access to locally denominated emerging market investments, this Fund provides exposure to the currencies and interest rates of developing countries. As of September 30, 2019, the fund’s holdings were comprised of securities from 39 countries and total assets was nearly $1.2 billion. Nearly 80% of these assets were represented in bonds. Of these bond assets, more than three-quarters were government bonds and just 1.7% were corporate bonds. Less than 0.2% represented derivatives and approximately 15% were held in cash.
The fund’s unit price lost nearly half of its value between mid-2013 and January 2016. After this steep drop, the share price declined a little more before reaching its all-time low of $5.25 in December 2018. However, 2019 saw a trend reversal and steady gains. Since bottoming out in late 2018, the unit price has advanced more than 10% before reaching its 52-week high of $52.81 at the end of October 2019.
The fund’s unit price gains and dividend distribution have combined for an 18% total return over the trailing 12-month period. Over the past three years, the fund has delivered a total return of nearly 25%.
Dividend increases and dividend decreases, new dividend announcements, dividend suspensions and other dividend changes occur daily. To make sure you don’t miss any important announcements, sign up for our E-mail Alerts. Let us do the hard work of gathering the data and sending the relevant information directly to your inbox.
In addition to E-mail Alerts, you will have access to our powerful dividend research tools. Take a quick video tour of the tools suite.
Ned Piplovic is the assistant editor of website content at Eagle Financial Publications. He graduated from Columbia University with a Bachelor’s degree in Economics and Philosophy. Prior to joining Eagle, Ned spent 15 years in corporate operations and financial management. Ned writes for www.DividendInvestor.com and www.StockInvestor.com.
While most dividend-paying equities distribute their payouts in quarterly increments, some investors covert the more frequent income distributions that are offered by monthly dividend-paying stocks and ETFs.
In addition to more frequent payments and a more consistent cash inflow, monthly dividend stocks and exchange-traded funds (ETFs) have a few additional advantages over their counterparts that offer quarterly payouts. The most significant advantage of monthly dividend distributions is that the assets grow faster because of the compounding effect.
Instead of waiting full three months to receive the dividend distribution, monthly dividend distributions offer investors the opportunity to collect a portion of that income every month and reinvest the money immediately. While some investors might be satisfied with reinvesting their dividend distributions quarterly, people who rely on dividend income for living expenses, such as retirees, need more frequent payouts to cover their monthly bills and expenses.
Obviously, investors could create an income stream from their own portfolio that generates monthly payouts. For this strategy, investors would have to select three different equities that pay staggered quarterly dividends. However, that approach is more difficult than just investing in monthly dividend stocks and ETFs. Many equities align their dividend distributions with their quarterly financial results reports. Therefore, an attempt to create a monthly income stream from equities that have quarterly dividend distributions with staggered distribution months would limit the number of equities that meet the desired investment criteria. This strategy could potentially lead to a less-than optimal portfolio strategy and, more likely, would reduce total returns. Furthermore, even if investors could find equities that have the desired distribution timing, creating a portfolio that delivers a steady amount every month would not be easy.
Alternatively, monthly dividend stocks and ETFs are easy to find. Most investment advisory sites and brokerages have search tools and options that can identify equities with a monthly dividend distribution. The main Dividend Screener tool available at DividendInvestor.com, offers the option to filter out all equities with 12 or more dividend distributions over the trailing one-year. Additionally, Dividend Investor also offers a separate Monthly Dividend Directory that contains just the equities that have monthly dividend distributions.
While some monthly-dividend equities have higher dividend yields or longer records of dividend payouts, the equities listed below offer a good balance of asset appreciation and rising dividend income. The monthly dividend stocks and ETFs are listed below in ascending order by their current dividend yield.
The 5 High Monthly Dividend Stocks and ETFs: #5
VanEck Vectors Fallen Angel High Yield Bond ETF (NYSE:ANGL)
Dividend Yield: 5.43%
This fund attempts to replicate the price and yield performance of the ICE BofA ML U.S. Fallen Angel High Yield Index. This index is comprised of below-investment grade corporate bonds that are denominated in U.S. dollars, issued in the U.S. domestic market and were rated as investment grade at the time of issuance.
The fund’s 197 holdings combine for nearly $1.2 billion in total assets. Among the holdings, nearly 75% are U.S. securities. Most of the remaining holdings comprise investments in Italy (6.52%) and the United Kingdom (6.27%). Japan (5%), Germany (3%) and Canada (1.34%) are the only other countries with a substantial share of assets. Equities from Sweden, China, Finland and Ireland contribute less than 1% each.
A recent share price uptick of nearly 10% suppressed the fund’s current 5.43% yield 5% below the fund’s own 5.73% average yield over the last five years. While pushing the yield down, the share price advancement has contributed to a combined total return of nearly 12% over the past 12 months. However, the three-year total returns were nearly 18%. Furthermore, the fund has delivered a 34% total return over the past five years.
The 5 High Monthly Dividend Stocks and ETFs: #4
iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)
Dividend Yield: 5.50%
This bond ETF seeks to track the investment results of the Markit iBoxx USD Liquid High Yield 0-5 Index, which is comprised of U.S. dollar-denominated, high yield corporate bonds with remaining maturities of less than five years. As of November 1, 2019, the fund had 636 individual holdings representing aggregate total assets of more than $3.3 billion.
Equities from the Consumer Goods (26%), Communications (20%) and Energy (12%) sectors account for more than half of total assets. The fund’s current dividend yield of 5.50% has combined with capital gains to deliver a total return of nearly 7% over the trailing 12-month period. Total returns over the last three years were 14.4% and five-year total returns were more than 18%.
The 5 High Monthly Dividend Stocks and ETFs: #3
iShares Preferred & Income Securities ETF (NASDAQ:PFF)
Dividend Yield: 5.61%
This ETF seeks to track the investment results of an index composed of U.S. dollar-denominated preferred and hybrid securities. As of November 2019, this ETF holds nearly $17 billion in assets under management spread across 480 individual holdings from eight countries. The vast majority of holdings, 96%, were from U.S.-based equities. Assets from the United Kingdom and the Netherlands account for slightly more than 1% each.
The remaining assets are spread across equities from Canada, China, Spain, the Marshall Islands and Bermuda. Bank holdings and other diversified financial securities account for nearly half of funds securities. The fund’s current dividend payouts yield 5.6% and have combined with asset appreciation for a total return of 11% over the last year and 20% over the last five years.
The 5 High Monthly Dividend Stocks and ETFs: #2
Main Street Capital Corporation (NYSE:MAIN)
Dividend Yield: 5.86%
Based in Houston and incorporated in 2007, the Main Street Capital Corporation is a business development company specializing in long-term equity and debt investments in small and lower middle market companies. As Main Street Capital had the misfortune of incorporating right before the 2008 financial crisis, its share price lost more than 40% of its Initial Public Offering (IPO) price by early 2009. However, the share price has more than quadrupled since reversing this trend in March 2009.
The share price recovered from the overall market pullback in December 2018 and has gained more than 30% since the 52-week low on Christmas Eve. The company boosted its monthly dividend payout 5.1% from $0.195 last year to the current $0.205 payout amount.
Over the past 12 years, MAIN has hiked its annual dividend amount 11 times and nearly doubled the total payout over this period to produce a 5.3% average annual growth rate. Shareholders have enjoyed a combined total return of 21% over the trailing 12-month period, 44% over the past three years and nearly 77% over the last five years.
The 5 High Monthly Dividend Stocks and ETFs: #1
EPR Properties (NYSE:EPR)
Dividend Yield: 6.26%
Headquartered in Kansas City, Missouri, and founded in 1997, EPR Properties is a specialty real estate investment trust (REIT) that primarily invests in commercial properties in the entertainment, recreation and education sectors. Despite a share price pullback that was driven by the overall market correction in late 2018, EPR Properties’ share price only dipped slightly and resumed its uptrend while still remaining nearly 20% above its low from April 2018. The share price recovered its December losses before the end of January 2019 and continued its uptrend towards its two-year high in August 2019.
Despite a dividend cut in the aftermath of the 2008 financial crisis and flat dividend distribution payouts for the entirety of 2009, the company has offered its investors 18 annual dividend hikes and has enhanced its annual dividend payout amount by 150% over the past two decades. In addition to rising dividend payouts, steady capital gains have provided a total one-year return of nearly 8%. The total return over the last three years was nearly 22% and has exceeded 35% over the past five years.
Dividend increases and dividend decreases, new dividend announcements, dividend suspensions and other dividend changes occur daily. To make sure you don’t miss any important announcements, sign up for our E-mail Alerts. Let us do the hard work of gathering the data and sending the relevant information directly to your inbox.
In addition to E-mail Alerts, you will have access to our powerful dividend research tools. Take a quick video tour of the tools suite.
Ned Piplovic is the assistant editor of website content at Eagle Financial Publications. He graduated from Columbia University with a Bachelor’s degree in Economics and Philosophy. Prior to joining Eagle, Ned spent 15 years in corporate operations and financial management. Ned writes for www.DividendInvestor.com and www.StockInvestor.com.
Despite individual portfolio strategies to achieve specific financial goals, most income investors seek equities that have similar characteristics, such as the seven NASDAQ dividend stocks featured in this article.
Some of the criteria that income investors target are fairly obvious. Dividend yield above a certain value and number of consecutive dividend hikes are probably most common. While these two measurements provide an incomplete picture of a stock’s dividend worthiness, both can quickly reduce the number of stocks from several thousand to just a few dozen potential candidates.
However, these two indicators have some shortcomings and should not be used as sole determinants for choosing investments. While a high or increasing dividend yield is desirable, it does not indicate whether the yield increase resulted from rising payouts or a declining share price. Therefore, the total return measurement will provide additional information about whether the share price rose to complement the rising dividend for upsized returns, declined to offset dividend income growth or cancelled out the dividend income growth to cause a loss for shareholders.
The companies on this list have been selected with dividend investor’s Dividend Screener. All picks trade their shares on the NASDAQ exchange, have market capitalizations of more than $7 billion, have current dividend yields of more than 3% and have boosted their annual dividend at least for the last five consecutive years. Additionally, the list excludes mutual funds.
The current yields of all seven NASDAQ dividend stocks below are in a narrow range between 3.02% and 4.02%, with a simple average yield of 3.48%. Furthermore, all picks on this list have total returns over the trailing 12 months that exceed their respective dividend yield. This measure indicates that the equities offer at least marginal capital gains over the last year. The simple average total returns across all seven equities are 14.3% over the last 12 months, 41.2% over the past three years and nearly 90% over the past five years.
Below is the list of the seven NASDAQ dividend stocks investors should consider, ranked in ascending order by their current dividend yield.
7 Large-Cap NASDAQ Dividend Stocks: #7
Texas Instruments, Inc. (NASDAQ:TXN)
Growing at an average annual rate of 20%, the company’s dividend advanced 42-fold over the past two decades to the current $3.60 annual payout, which yields 3.02%. While lowest on this list in terms of dividend yield, Texas Instruments offers strong capital gains that place the company’s total returns among the highest overall.
Just over the trailing 12 months, capital gains of more than 20% pushed the total one-year returns on shareholders investment above 28%. Over the past three years, the total return exceeded 70%. Lastly, the shareholders more than doubled their initial investment over the past five years with a total return of nearly 150%.
7 Large-Cap NASDAQ Dividend Stocks: #6
Cisco Systems, Inc. (NASDAQ:CSCO)
After eight consecutive annual dividend hikes since the introduction of distributions in 2011, the company’s current $1.40 annual payout corresponds to a 3.08% forward yield. The dividend advancement of nearly six-fold since 2011 is equivalent to a 25% average annual growth rate.
Because of a flat share price performance, dividend income contributed most of the company’s 5.1% total return over the trailing 12 months. However, the company delivered a 63% total return over the last three years and an 87% total return over the past five years.
7 Large-Cap NASDAQ Dividend Stocks: #5
CyrusOne, Inc. (NASDAQ:CONE)
Xcel Energy’s current yield is 3.2% and the company has boosted its annual dividend every year since beginning dividend payouts in 2013. Over this time frame, the company enhanced its annual dividend payout more than four-fold for an average dividend growth rate of nearly 27% per year.
After rising steadily for the first three years, the company’s share exhibited increased volatility since mid-2016 but continued an overall uptrend and has gained 140% over the last five years. The current dividend income payouts and a double-digit-percentage share price rise combined for a 22.6% total return over the trailing 12 months. The total return over the last three years was 58% and nearly 158% over the last five years.
7 Large-Cap NASDAQ Dividend Stocks: #4
Maxim Integrated Products, Inc. (NASDAQ:MXIM)
Maxim Integrated Products current 3.37% dividend yield is the median of the group. This company has a record of raising its annual dividend every year since beginning payouts 16 years ago. Over the past 15 years since its first full year of dividend distribution, the company has enhanced its annual payout amount nearly nine-fold, which corresponds to a 15.5% average annual growth rate.
The company accompanied its rising dividends with steady asset appreciation of 80% over the last five years. Over the trailing 12 months, the share price gain of 5.8% provided approximately half of the company’s 11.5% total return. The three year total return exceeded 50% and shareholders more than doubled their investment over the last five years with a total return of 122%.
7 Large-Cap NASDAQ Dividend Stocks: #3
Regency Centers Corporation (NASDAQ:REG)
Regency Centers Corporation’s current yield is 3.64% and the company has boosted its annual dividend over the past six consecutive years. The company reduced its dividend payouts in the aftermath of the 2008 financial crisis and paid four consecutive years of flat annual dividends afterwards. However, since resuming annual dividend hikes in 2014, the company enhanced its distribution payouts 26%, which corresponds to an average annual growth rate of 4%.
After nearly tripling from its post-crisis level, the share price lost a third of its value between mid-2016 and the end of 2018. This decline limited the five-year asset appreciation to less than 3%. Furthermore, the share price one year ago was marginally below its level from five years ago, which translated to similar capital gains of 2.9% over the trailing 12 months. However, year-to-date in 2019, the share price advanced more than 13%. Including dividend income payouts, total returns over the last 12 months and five years were 6.25$ and 23.5%, respectively.
7 Large-Cap NASDAQ Dividend Stocks: #2
Principal Financial Group, Inc. (NASDAQ:PFG)
With a 4.01% current yield, the Principal Financial Group missed the top spot of this list by a mere hundredth of a percentage point. The company enhanced its annual dividend nearly five-fold since cutting the annual payout amount in half for 2008. This advancement corresponds to an average annual dividend growth rate of 15.4% over the past 11 years.
A share price decline of nearly 45% in 2018 limited capital gains to just 2.6% over the past five years. However, a direction reversal at the end of 2018 set the share price on its current uptrend. The share price advanced 12% over the trailing 12-month period and more than 23% since the beginning of 2019.
Consequently, the total return over the last three years is less than 5%. Additionally, because the 2018 price pullback limited the overall gains over the extended period, the one year total return of 18% is nearly as much as the 18.5% total return over the last five years.
7 Large-Cap NASDAQ Dividend Stocks: #1
Huntington Bancshares, Inc. (NASDAQ:HBAN)
This security’s current yield is 4.02% and the company boosted its annual dividend for the past nine consecutive years. The share price delivered robust long-term gains of 43% over the last five years. A pullback of more than 20% in late-2018 amid the overall market correction limited the stocks asset appreciation to 4.6% over the trailing 12 months. However, since the beginning of 2019, the share price has advanced nearly 23%.
Since its most recent dividend cut in the aftermath of the 2008 financial crisis, the company has enhanced its annual dividend payout 15-fold, which corresponds to a 35% average annual growth rate. This rising dividend income combined with asset appreciation to deliver an 8% total return over the trailing 12 months. Additionally, the longer-term total returns were 31% over the last three years and 68% over the past five years.
Dividend increases and dividend decreases, new dividend announcements, dividend suspensions and other dividend changes occur daily. To make sure you don’t miss any important announcements, sign up for our E-mail Alerts. Let us do the hard work of gathering the data and sending the relevant information directly to your inbox.
In addition to E-mail Alerts, you will have access to our powerful dividend research tools. Take a quick video tour of the tools suite.
Ned Piplovic is the assistant editor of website content at Eagle Financial Publications. He graduated from Columbia University with a Bachelor’s degree in Economics and Philosophy. Prior to joining Eagle, Ned spent 15 years in corporate operations and financial management. Ned writes for www.DividendInvestor.com and www.StockInvestor.com.
For investors seeking reliable dividend income distributions, large market capitalization and high dividend yield are generally safe options for investing.
Whether investors seek dividend-paying equities to generate an income stream for monthly expenses, long-term wealth building, asset protection from potential market downturns or any other reason, large-cap equities that offer above-average dividend yields offer the returns necessary to meet those investment goals.
For immediate consideration, below are 12 stocks that meet the two main selection criteria mentioned above and all go ex-dividend next week. Therefore, interested investors who are looking to take advantage of the upcoming dividend distributions, should not delay conducting their own analysis and due diligence.
The equities below might deliver lower growth during bull markets. However, these equities will also generally also offer better protection in bear markets. The market capitalizations of all 12 stocks below exceed $5 billion mark. EPR Properties (NYSE:EPR) has the lowest capitalization of $5.81 billion. The Coca-Cola Company (NYSE:KO) has the highest capitalization of nearly $230 billion. The average capitalization of the entire group is $38 billion.
The dividend yields range from 3.01% to 11.09% with an average dividend yield of 4.62%. In addition to the market capitalization and dividend yield criteria, all 12 stocks have 12-month total returns that exceeds the equity’s current dividend yield. This ensures that a share price decline did not offset any gains from dividend income payouts over the past year. The current total returns over the trailing 12-month period range from 5.2% to 74.5% and the simple average is 20.4%.
Sorted by dividend yield in ascending order, below are the 12 large-cap companies going ex-dividend next week that offer 3%-plus dividend yields and have delivered total returns of at least 5% over the past year.
12 Large-Cap Stocks with 3%-Plus Dividend Yield Going Ex-Dividend Next Week: #12
The Coca-Cola Company (NYSE:KO)
Market Cap: $228.02 billion
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 56
Dividend Frequency: Quarterly
Annualized Payout: $1.60
November 20, 2019, Closing Price: $53.22
12-Month Total Return: 11.81%
Yield: 3.01%
Ex-Dividend Date: 11/29/2019
Pay Date: 12/16/2019
12 Large-Cap Stocks with 3%-Plus Dividend Yield Going Ex-Dividend Next Week: #11
Evergy, Inc. (NYSE:EVRG)
Market Cap: $14.81 billion
Sector: Utilities
Consecutive Annual Dividend Hikes: 0
Dividend Frequency: Quarterly
Annualized Payout: $2.02
November 20, 2019, Closing Price: $64.98
12-Month Total Return: 12.08%
Yield: 3.11%
Ex-Dividend Date: 11/26/2019
Pay Date: 12/20/2019
12 Large-Cap Stocks with 3%-Plus Dividend Yield Going Ex-Dividend Next Week: #10
Maxim Integrated Products, Inc. (NASDAQ:MXIM)
Market Cap: $15.01 billion
Sector: IT & Communications
Consecutive Annual Dividend Hikes: 16
Dividend Frequency: Quarterly
Annualized Payout: $1.92
November 20, 2019, Closing Price: $55.47
12-Month Total Return: 10.18%
Yield: 3.46%
Ex-Dividend Date: 11/26/2019
Pay Date: 12/13/2019
12 Large-Cap Stocks with 3%-Plus Dividend Yield Going Ex-Dividend Next Week: #9
Kellogg Company (NYSE:K)
Market Cap: $22.30 billion
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 14
Dividend Frequency: Quarterly
Annualized Payout: $2.28
November 20, 2019, Closing Price: $65.38
12-Month Total Return: 10.52%
Yield: 3.49%
Ex-Dividend Date: 11/29/2019
Pay Date: 12/16/2019
12 Large-Cap Stocks with 3%-Plus Dividend Yield Going Ex-Dividend Next Week: #8
Realty Income Corporation (NYSE:O)
Market Cap: $25.42 billion
Sector: Financials
Consecutive Annual Dividend Hikes: 19
Dividend Frequency: Monthly
Annualized Payout: $2.72
November 20, 2019 Closing Price: $77.99
12-Month Total Return: 26.72%
Yield: 3.49%
Ex-Dividend Date: 11/29/2019
Pay Date: 12/13/2019
12 Large-Cap Stocks with 3%-Plus Dividend Yield Going Ex-Dividend Next Week: #7
Brookfield Infrastructure Partners LP (NYSE:BIP)
Market Cap: $12.82 billion
Sector: Utilities
Consecutive Annual Dividend Hikes: 10
Dividend Frequency: Quarterly
Annualized Payout: $2.01
November 20, 2019, Closing Price: $52.69
12-Month Total Return: 42.67%
Yield: 3.81%
Ex-Dividend Date: 11/27/2019
Pay Date: 12/31/2019
12 Large-Cap Stocks with 3%-Plus Dividend Yield Going Ex-Dividend Next Week: #6
Principal Financial Group, Inc. (NASDAQ:PFG)
Market Cap: $15.07 billion
Sector: Financials
Consecutive Annual Dividend Hikes: 10
Dividend Frequency: Quarterly
Annualized Payout: $2.20
November 20, 2019, Closing Price: $54.28
12-Month Total Return: 18.75%
Yield: 4.05%
Ex-Dividend Date: 12/2/2019
Pay Date: 12/27/2019
12 Large-Cap Stocks with 3%-Plus Dividend Yield Going Ex-Dividend Next Week: #5
Prudential Financial, Inc. (NYSE:PRU)
Market Cap: $37.43 billion
Sector: Financials
Consecutive Annual Dividend Hikes: 10
Dividend Frequency: Quarterly
Annualized Payout: $4.00
November 20, 2019, Closing Price: $93.12
12-Month Total Return: 8.07%
Yield: 4.30%
Ex-Dividend Date: 11/25/2019
Pay Date: 12/12/2019
12 Large-Cap Stocks with 3%-Plus Dividend Yield Going Ex-Dividend Next Week: #4
Brookfield Renewable Partners LP (NYSE:BEP)
Market Cap: $6.50 billion
Sector: Utilities
Consecutive Annual Dividend Hikes: 3
Dividend Frequency: Quarterly
Annualized Payout: $2.06
November 20, 2019, Closing Price: $45.39
12-Month Total Return: 74.52%
Yield: 4.54%
Ex-Dividend Date: 11/27/2019
Pay Date: 12/31/2019
12 Large-Cap Stocks with 3%-Plus Dividend Yield Going Ex-Dividend Next Week: #3
Vodafone Group Plc (NASDAQ:VOD)
Market Cap: $64.27 billion
Sector: IT & Communications
Consecutive Annual Dividend Hikes: 2
Dividend Frequency: Semi-Annually
Annualized Payout: $0.97
November 20, 2019, Closing Price: $19.58
12-Month Total Return: 5.17%
Yield: 5.06%
Ex-Dividend Date: 11/27/2019
Pay Date: 2/7/2020
12 Large-Cap Stocks with 3%-Plus Dividend Yield Going Ex-Dividend Next Week: #2
EPR Properties (NYSE:EPR)
Market Cap: $5.81 billion
Sector: Financials
Consecutive Annual Dividend Hikes: 4
Dividend Frequency: Monthly
Annualized Payout: $4.50
November 20, 2019, Closing Price: $74.10
12-Month Total Return: 12.27%
Yield: 6.07%
Ex-Dividend Date: 11/27/2019
Pay Date: 12/16/2019
12 Large-Cap Stocks with 3%-Plus Dividend Yield Going Ex-Dividend Next Week: #1
AGNC Investment Corp (NASDAQ:AGNC)
Market Cap: $9.36 billion
Sector: Financials
Consecutive Annual Dividend Hikes: 0
Dividend Frequency: Monthly
Annualized Payout: $1.92
November 20, 2019, Closing Price: $17.31
12-Month Total Return: 11.81%
Yield: 11.09%
Ex-Dividend Date: 11/27/2019
Pay Date: 12/10/2019
Dividend increases and dividend decreases, new dividend announcements, dividend suspensions and other dividend changes occur daily. To make sure you don’t miss any important announcements, sign up for our E-mail Alerts. Let us do the hard work of gathering the data and sending the relevant information directly to your inbox.
In addition to E-mail Alerts, you will have access to our powerful dividend research tools. Take a quick video tour of the tools suite.
Ned Piplovic is the assistant editor of website content at Eagle Financial Publications. He graduated from Columbia University with a Bachelor’s degree in Economics and Philosophy. Prior to joining Eagle, Ned spent 15 years in corporate operations and financial management. Ned writes for www.DividendInvestor.com and www.StockInvestor.com.
Investors looking for a source of steady income payouts should consider one or more of the five best monthly dividend stocks to buy now, which offer above-average dividend yields and asset appreciation for robust total returns.
Investors value monthly dividend stocks because those equities offer more frequent income distributions than equities that deliver their dividend distributions in quarterly instalments. The monthly distribution frequency is particularly important to fixed-income investors, as they rely on these dividend distributions to cover their monthly expenses.
A steady income flow is an important goal of many investment portfolios. Investors can achieve high income payouts by seeking out and investing in equities with very high dividend yields. However, an investment portfolio must be well balanced, and even the most enthusiastic income investor will not risk capital gains losses that exceed dividend payouts just for the sake of high income payouts.
Share price fluctuations are significantly more volatile than dividend payout changes. Therefore, income investors must strike a balance between maximizing income from monthly dividend stocks and steady asset appreciation to avoid capital losses.
Even a dividend payout with a high growth rate can rarely overcome a rapid share price decline. Therefore, every investment portfolio — whether focused on income or asset appreciation — should include a well-balanced combination of equities that offer steady capital gains and reliable income payouts.
The list below, selected with a Dividend Screener tool available at DividendInvestor.com, is not just a list of equities with the highest yields. In addition to high dividend yields – which is the most common measure of an equity’s dividend distribution level – all equities in this group of five monthly dividend stocks have delivered double-digit-percentage total returns over the past year.
Additionally, the one-year total return percentages exceed the equities’ respective dividend yields, which indicates that the share price of every equity on this list has risen in the past 12 months. Also, all but one of the five monthly dividend stocks have boosted their annual dividend payout at least for the last two years, and as much as the last five years. Listed in ascending order by their current dividend yield, below are the five monthly dividend stocks to buy now.
5 Best Monthly Dividend Stocks to Buy Now: #5
STAG Industrial, Inc. (NYSE:STAG)
Dividend Yield: 4.57%
Headquartered in Boston and incorporated in 2011, STAG Industrial, Inc. is an industrial real estate operating company focused on the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company has boosted its annual dividend payout amount every year since its formation eight years ago. The company’s current $0.119 monthly distribution corresponds to a 4.57% forward dividend yield.
In addition to offering a steady dividend income, the company also has enhanced its share price more than 18% over the trailing 12 months. Furthermore, the share price has nearly doubled since its five-year low in February 2016. The combined benefit of rising dividends and capital growth was a 24% total return over the trailing 12-month period. Additionally, the total returns were 57% over the last three years and 64% over the last five years.
5 Best Monthly Dividend Stocks to Buy Now: #4
EPR Properties (NYSE:EPR)
Dividend Yield: 5.48%
Headquartered in Kansas City, Missouri, and founded in 1997, EPR Properties is a specialty REIT that invests in commercial properties primarily in the entertainment, recreation and education segments. Despite a share price pullback driven by the overall market correction in late 2018, EPR Properties’ share price only dipped slightly and resumed its uptrend while still nearly 20% above its low from April 2018. The share price recovered its December losses before the end of January 2019 and continued its uptrend towards its two-year high in August 2019.
Despite a dividend cut in the aftermath of the 2008 financial crisis and flat dividend distribution payouts for the entirety of 2009, the company offered its investors 18 annual dividend hikes and has enhanced its annual dividend payout amount 150% over the past two decades. In addition to rising dividend payouts, steady capital gains provided a total one-year return of nearly 12%. The total return over the last three years was nearly 30% and exceeded 70% over the past five years.
5 Best Monthly Dividend Stocks to Buy Now: #3
Gladstone Investment Corporation (NASDAQ:GAIN)
Dividend Yield: 5.88%
Headquartered in McLean, Virginia, and founded in 2005, the Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, buyouts, recapitalizations and debt refinancing. After dropping almost 85% in the aftermath of the 2008 financial crisis, Gladstone’s share price has recovered nearly 90% of its losses after advancing 470% from its all-time low in March 2009.
The company hiked its monthly payout three times during 2018 and twice during the past 12 months. In addition to its regular monthly distributions, Gladstone also distributed three extra dividends in 2017, two additional payments in 2018 and three special dividends year-to-date in 2019. Additionally, the company boosted its annual dividend payout every year since 2010. The company’s dividend payouts and asset appreciation combined for a total return of more than 50% over the trailing 12-month period. Shareholders more than doubled their investment with a 106% total return over the past three years and enjoyed a 151% total return over the past five years.
5 Best Monthly Dividend Stocks to Buy Now: #2
Stellus Capital Investment Corporation (NYSE:SCM)
Dividend Yield: 9.54%
Formed as a spin-off from the D. E. Shaw & Company in 2012, the Stellus Capital Investment Corporation is an externally managed, closed-end, non-diversified business development company. With Stellus Capital Management as its investment adviser, the Stellus Capital Investment Corporation has more than $1.6 billion in assets spread across 20 industries.
SCM’s current $1.133 monthly payout is equivalent to a $3.60 annual dividend distribution and yields 9.54%. With flat monthly payouts since early 2012, the rising share price pushed the current dividend yield slightly below the company’s 11% five-year average.
Interested investors should act before the upcoming ex-dividend date on November 27 to ensure eligibility to receive the next round of dividend distributions on the December 13, 2019, pay date.
Because of a 40%-plus share price decline in 2015, dividend distributions contributed more than 92% of the 54% total return over the past five years. The total return over the trailing 12 months was 17%,as well as 63% over the last three years.
5 Best Monthly Dividend Stocks to Buy Now: #1
Whitestone REIT (NYSE:WSR)
Dividend Yield: 12.56%
Whitestone is a community-centered retail REIT that owns and manages “e-commerce resistant” retail centers. The facilities are principally located in Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. The REIT’s mix of national, regional and local tenants offers daily necessities, needed services and entertainment.
Since formation in 2010, the REIT has been distributing a flat $1.14 annual payout. This annual distribution payout corresponds to an 8.14% forward dividend yield, which is less than 4% below the REIT’s 8.4% five-year average.
The share price dropped more than 20% in late February and early March 2019. However, since that steep fall, the share price has fully recovered and closed on November 19, 2019, marginally higher than it was one year earlier. Dividend distribution payouts delivered most of the REIT’s total return of nearly 9% over the trailing 12 month period. However, the three-year total return was significantly higher at 31%.
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Ned Piplovic is the assistant editor of website content at Eagle Financial Publications. He graduated from Columbia University with a Bachelor’s degree in Economics and Philosophy. Prior to joining Eagle, Ned spent 15 years in corporate operations and financial management. Ned writes for www.DividendInvestor.com and www.StockInvestor.com.
