High-Yield Dividend Stocks

This page lists publicly traded companies and funds that offer a dividend yield of at least 4%. Additionally, these companies trade on the New York Stock Exchange or the NASDAQ. With a dividend yield above 4%, these companies have some of the highest dividend yields in the world. The dividend yield and annual payout listed reflect the previous 12 months of dividend payments. For more information, read this article on the significance of high-yield dividend stocks.

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Country
Market Cap
Stock Type
Consensus Rating
CompanyCurrent PriceDividend YieldAnnual PayoutPayout Ratio3-Year Dividend GrowthYears of Dividend GrowthEx-Dividend Date
ZIM Integrated Shipping Services Ltd. stock logo
ZIM
ZIM Integrated Shipping Services
$7.29
-9.6%
87.79%$6.40-123.55%N/AN/AN/A
OFS Credit Company, Inc. stock logo
OCCI
OFS Credit
$6.59
+1.4%
36.42%$2.40272.73%3.06%N/A12/21/2023
ARMOUR Residential REIT, Inc. stock logo
ARR
ARMOUR Residential REIT
$18.88
25.43%$4.80109.34%-17.79%N/A12/14/2023
Icahn Enterprises L.P. stock logo
IEP
Icahn Enterprises
$16.58
-1.7%
24.13%$4.00412.37%N/AN/AN/A
Invesco Mortgage Capital Inc. stock logo
IVR
Invesco Mortgage Capital
$8.28
-0.5%
19.32%$1.6034.12%-43.43%N/AN/A
Ecopetrol S.A. stock logo
EC
Ecopetrol
$12.57
-0.6%
19.02%$2.39106.70%12.69%N/A12/19/2023
Eagle Point Credit Company Inc. stock logo
ECC
Eagle Point Credit
$9.65
+0.8%
17.41%$1.68119.15%N/A212/8/2023
Diana Shipping Inc. stock logo
DSX
Diana Shipping
$3.18
-8.4%
18.87%$0.60181.82%N/AN/AN/A
AFC Gamma, Inc. stock logo
AFCG
AFC Gamma
$11.60
-1.5%
16.55%$1.9291.87%N/AN/AN/A
Portman Ridge Finance Co. stock logo
PTMN
Portman Ridge Finance
$17.10
+0.3%
16.14%$2.7691.69%-15.51%2N/A
PetMed Express, Inc. stock logo
PETS
PetMed Express
$7.71
+0.3%
15.56%$1.20800.00%3.57%N/AN/A
Office Properties Income Trust stock logo
OPI
Office Properties Income Trust
$6.11
-1.5%
16.37%$1.00-98.04%N/AN/AN/A
Frontline plc stock logo
FRO
Frontline
$19.24
-2.2%
16.63%$3.20111.50%14.47%112/14/2023
AGNC Investment Corp. stock logo
AGNC
AGNC Investment
$9.00
-0.9%
16.00%$1.4467.92%-10.37%N/AN/A
Ellington Residential Mortgage REIT stock logo
EARN
Ellington Residential Mortgage REIT
$6.05
-1.5%
15.87%$0.9697.96%-4.12%N/AN/A
TPG RE Finance Trust, Inc. stock logo
TRTX
TPG RE Finance Trust
$6.20
15.48%$0.96152.38%-17.67%N/AN/A
TriplePoint Venture Growth BDC Corp. stock logo
TPVG
TriplePoint Venture Growth BDC
$10.49
15.25%$1.6094.12%0.23%212/14/2023
Global Net Lease, Inc. stock logo
GNL
Global Net Lease
$9.47
-2.2%
15.00%$1.42102.90%-3.40%N/AN/A
TORM plc stock logo
TRMD
TORM
$27.46
-1.9%
15.51%$4.2655.91%N/AN/AN/A
Cherry Hill Mortgage Investment Co. stock logo
CHMI
Cherry Hill Mortgage Investment
$3.95
15.19%$0.6068.18%-15.34%N/AN/A
Granite Point Mortgage Trust Inc. stock logo
GPMT
Granite Point Mortgage Trust
$5.55
-1.2%
14.43%$0.80258.06%-17.31%N/AN/A
Monroe Capital Co. stock logo
MRCC
Monroe Capital
$7.19
+1.0%
13.91%$1.0092.59%-10.61%N/A12/14/2023
Annaly Capital Management, Inc. stock logo
NLY
Annaly Capital Management
$18.36
-0.9%
14.16%$2.6097.01%-3.79%N/AN/A
Ellington Financial Inc. stock logo
EFC
Ellington Financial
$12.86
-0.8%
14.00%$1.80101.69%-0.18%N/A12/7/2023
Ready Capital Co. stock logo
RC
Ready Capital
$10.51
-0.8%
13.70%$1.44107.46%1.23%N/AN/A
NextEra Energy Partners, LP stock logo
NEP
NextEra Energy Partners
$24.99
+3.2%
13.89%$3.47189.62%14.97%9N/A
Chimera Investment Co. stock logo
CIM
Chimera Investment
$5.21
-2.4%
8.45%$0.4456.41%N/AN/A12/28/2023
KKR Real Estate Finance Trust Inc. stock logo
KREF
KKR Real Estate Finance Trust
$12.84
-1.2%
13.40%$1.72152.21%N/AN/AN/A
Trinity Capital Inc. stock logo
TRIN
Trinity Capital
$14.69
-0.5%
13.34%$1.9690.74%N/A2N/A
Alliance Resource Partners, L.P. stock logo
ARLP
Alliance Resource Partners
$20.44
-2.1%
13.70%$2.8057.38%-11.24%2N/A
Dynex Capital, Inc. stock logo
DX
Dynex Capital
$11.85
+0.3%
13.16%$1.56-400.00%-8.11%N/AN/A
Lument Finance Trust, Inc. stock logo
LFT
Lument Finance Trust
$2.17
+3.3%
12.90%$0.2870.00%N/A1N/A
Kimbell Royalty Partners, LP stock logo
KRP
Kimbell Royalty Partners
$14.90
-2.3%
13.69%$2.04143.66%N/AN/AN/A
New York Mortgage Trust, Inc. stock logo
NYMT
New York Mortgage Trust
$9.11
-1.0%
13.17%$1.20203.39%-20.63%N/AN/A
Cool Company Ltd. stock logo
CLCO
Cool
$12.36
-1.0%
13.27%$1.6471.62%N/AN/A12/6/2023
PennantPark Investment Co. stock logo
PNNT
PennantPark Investment
$6.39
-0.3%
13.16%$0.8491.30%N/AN/AN/A
FS KKR Capital Corp. stock logo
FSK
FS KKR Capital
$20.02
+0.1%
12.79%$2.5684.49%-5.08%N/A12/12/2023
Two Harbors Investment Corp. stock logo
TWO
Two Harbors Investment
$14.00
-0.1%
12.86%$1.80103.45%-32.66%N/AN/A
Nordic American Tankers Limited stock logo
NAT
Nordic American Tankers
$3.92
-2.0%
13.28%$0.5271.23%3.23%N/A12/19/2023
Arbor Realty Trust, Inc. stock logo
ABR
Arbor Realty Trust
$13.67
-1.4%
12.58%$1.7294.51%10.54%12N/A
Ares Commercial Real Estate Co. stock logo
ACRE
Ares Commercial Real Estate
$10.08
-2.0%
13.10%$1.32126.92%N/AN/A12/28/2023
CION Investment Co. stock logo
CION
CION Investment
$10.77
-0.1%
12.63%$1.3682.93%N/A212/28/2023
Runway Growth Finance Corp. stock logo
RWAY
Runway Growth Finance
$12.56
-1.0%
12.74%$1.6081.63%N/A2N/A
MFA Financial, Inc. stock logo
MFA
MFA Financial
$10.95
-0.7%
12.79%$1.4093.33%-25.19%N/AN/A
Prospect Capital Co. stock logo
PSEC
Prospect Capital
$5.64
-0.4%
12.77%$0.7279.12%N/AN/A12/26/2023
Brandywine Realty Trust stock logo
BDN
Brandywine Realty Trust
$4.73
-2.3%
12.70%$0.60-206.90%N/AN/AN/A
Apollo Commercial Real Estate Finance, Inc. stock logo
ARI
Apollo Commercial Real Estate Finance
$11.09
-0.7%
12.62%$1.40117.65%-8.71%N/AN/A
Stellus Capital Investment Co. stock logo
SCM
Stellus Capital Investment
$12.89
-0.3%
12.41%$1.6089.39%-4.62%212/15/2023
Angel Oak Mortgage REIT, Inc. stock logo
AOMR
Angel Oak Mortgage REIT
$10.57
12.11%$1.2896.24%N/AN/AN/A
Goldman Sachs BDC, Inc. stock logo
GSBD
Goldman Sachs BDC
$14.70
-1.1%
12.25%$1.8083.33%N/AN/A12/28/2023
Chicago Atlantic Real Estate Finance, Inc. stock logo
REFI
Chicago Atlantic Real Estate Finance
$15.85
+0.3%
11.86%$1.8882.10%N/A1N/A
WhiteHorse Finance, Inc. stock logo
WHF
WhiteHorse Finance
$12.40
+0.2%
11.94%$1.4881.32%N/A112/19/2023
NexPoint Real Estate Finance, Inc. stock logo
NREF
NexPoint Real Estate Finance
$16.96
-0.6%
11.79%$2.00104.17%N/A212/14/2023
Generation Income Properties, Inc. stock logo
GIPR
Generation Income Properties
$4.02
-0.5%
11.69%$0.4716.85%N/AN/A12/14/2023
Medical Properties Trust, Inc. stock logo
MPW
Medical Properties Trust
$5.12
-4.3%
11.72%$0.6070.59%4.38%N/A12/6/2023
BrightSpire Capital, Inc. stock logo
BRSP
BrightSpire Capital
$7.02
+0.6%
11.40%$0.8097.56%N/A1N/A
Barings BDC, Inc. stock logo
BBDC
Barings BDC
$8.62
-1.7%
12.07%$1.0485.95%20.72%512/5/2023
TXO Partners L.P. stock logo
TXO
TXO Partners
$18.22
-1.6%
11.42%$2.0899.05%N/AN/AN/A
TXO Partners L.P. stock logo
TXO
TXO Partners
$18.22
-1.6%
11.42%$2.0899.05%N/AN/AN/A
MidCap Financial Investment Co. stock logo
MFIC
MidCap Financial Investment
$13.58
-0.4%
11.19%$1.5289.41%-10.05%212/11/2023
Hawaiian Electric Industries, Inc. stock logo
HE
Hawaiian Electric Industries
$13.22
-1.6%
10.89%$1.4469.23%3.03%2N/A
PennyMac Mortgage Investment Trust stock logo
PMT
PennyMac Mortgage Investment Trust
$14.64
+0.3%
10.93%$1.60114.29%-1.26%N/AN/A
Oaktree Specialty Lending Co. stock logo
OCSL
Oaktree Specialty Lending
$19.99
-0.4%
11.01%$2.2090.16%21.11%412/14/2023
LexinFintech Holdings Ltd. stock logo
LX
LexinFintech
$1.65
-7.8%
12.12%$0.2015.63%N/AN/AN/A
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
$11.11
-0.6%
11.08%$1.23175.72%-35.15%N/A12/15/2023
Black Stone Minerals, L.P. stock logo
BSM
Black Stone Minerals
$16.33
-3.8%
11.64%$1.90123.38%N/A3N/A
Blackstone Secured Lending Fund stock logo
BXSL
Blackstone Secured Lending Fund
$27.56
-1.4%
11.18%$3.0884.62%N/A212/28/2023
Saratoga Investment Corp. stock logo
SAR
Saratoga Investment
$26.55
+1.0%
10.70%$2.8472.63%19.42%212/8/2023
Service Properties Trust stock logo
SVC
Service Properties Trust
$7.50
-2.6%
10.67%$0.80-333.33%-24.76%1N/A
SLR Investment Corp. stock logo
SLRC
SLR Investment
$15.24
-0.5%
10.76%$1.6494.80%N/A112/13/2023
Blackstone Mortgage Trust, Inc. stock logo
BXMT
Blackstone Mortgage Trust
$22.47
-2.6%
11.04%$2.48101.64%N/AN/AN/A
Horizon Technology Finance Co. stock logo
HRZN
Horizon Technology Finance
$12.46
-0.2%
10.59%$1.3278.57%0.28%112/18/2023
Franklin BSP Realty Trust, Inc. stock logo
FBRT
Franklin BSP Realty Trust
$13.52
-1.2%
10.50%$1.4287.12%N/A1N/A
Companhia Paranaense de Energia - COPEL stock logo
ELP
Companhia Paranaense de Energia - COPEL
$9.50
+2.7%
10.53%$1.00120.48%N/A1N/A
Companhia Siderúrgica Nacional stock logo
SID
Companhia Siderúrgica Nacional
$3.43
+0.3%
10.50%$0.36105.88%N/AN/AN/A
BlackRock Capital Investment Co. stock logo
BKCC
BlackRock Capital Investment
$3.86
+0.3%
10.36%$0.4085.11%-14.50%N/A12/14/2023
Hercules Capital, Inc. stock logo
HTGC
Hercules Capital
$15.22
-1.2%
10.51%$1.6079.60%2.56%3N/A
Uniti Group Inc. stock logo
UNIT
Uniti Group
$5.74
-3.4%
10.45%$0.60133.33%17.49%N/A12/14/2023
Vodafone Group Public Limited stock logo
VOD
Vodafone Group Public
$9.03
-0.1%
10.19%$0.9292.93%-0.49%N/AN/A
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
$12.83
+0.4%
9.98%$1.2884.21%N/A112/14/2023
New Mountain Finance Co. stock logo
NMFC
New Mountain Finance
$12.83
+0.4%
9.98%$1.2884.21%N/A112/14/2023
Golub Capital BDC, Inc. stock logo
GBDC
Golub Capital BDC
$14.99
+0.2%
9.87%$1.4878.31%-1.58%312/7/2023
Capital Southwest Co. stock logo
CSWC
Capital Southwest
$22.71
-0.2%
9.86%$2.2483.27%8.04%712/14/2023
Carlyle Secured Lending, Inc. stock logo
CGBD
Carlyle Secured Lending
$15.10
+0.3%
9.80%$1.4875.90%-3.26%212/28/2023
Crescent Capital BDC, Inc. stock logo
CCAP
Crescent Capital BDC
$16.83
-0.1%
9.74%$1.6475.58%N/AN/A12/28/2023
Ardagh Metal Packaging S.A. stock logo
AMBP
Ardagh Metal Packaging
$3.83
-4.0%
10.46%$0.40173.91%N/AN/A12/5/2023
Highwoods Properties, Inc. stock logo
HIW
Highwoods Properties
$20.47
-2.1%
9.77%$2.00266.67%1.72%N/AN/A
Organon & Co. stock logo
OGN
Organon & Co.
$11.09
-6.3%
10.10%$1.1226.54%N/AN/AN/A
Silver Spike Investment Corp. stock logo
SSIC
Silver Spike Investment
$9.65
+0.2%
9.53%$0.9263.01%N/AN/A12/19/2023
Medifast, Inc. stock logo
MED
Medifast
$68.13
-2.3%
9.69%$6.6085.94%24.74%3N/A
Manhattan Bridge Capital, Inc. stock logo
LOAN
Manhattan Bridge Capital
$4.66
-0.4%
9.66%$0.4593.75%1.37%N/A12/28/2023
Ares Capital Co. stock logo
ARCC
Ares Capital
$19.78
-0.4%
9.71%$1.9282.40%3.03%212/14/2023
Gladstone Capital Co. stock logo
GLAD
Gladstone Capital
$10.19
-0.8%
9.72%$0.9987.61%-1.20%212/15/2023
Petróleo Brasileiro S.A. - Petrobras stock logo
PBR
Petróleo Brasileiro S.A. - Petrobras
$14.66
-0.7%
9.89%$1.4541.19%N/AN/AN/A
RE/MAX Holdings, Inc. stock logo
RMAX
RE/MAX
$9.40
-3.4%
9.79%$0.9268.15%3.08%N/AN/A
Rithm Capital Corp. stock logo
RITM
Rithm Capital
$10.46
-0.6%
9.56%$1.0062.11%-20.63%N/AN/A
FAT Brands Inc. stock logo
FAT
FAT Brands
$5.88
-1.2%
9.52%$0.56-15.43%N/A2N/A
Starwood Property Trust, Inc. stock logo
STWD
Starwood Property Trust
$20.48
-1.4%
9.38%$1.9297.46%N/AN/AN/A
Mplx Lp stock logo
MPLX
Mplx
$36.36
-0.8%
9.35%$3.4086.73%2.93%10N/A
Crestwood Equity Partners LP stock logo
CEQP
Crestwood Equity Partners
$28.26
9.27%$2.62174.67%N/A1N/A
Walgreens Boots Alliance, Inc. stock logo
WBA
Walgreens Boots Alliance
$20.51
-1.3%
9.36%$1.9257.66%2.18%47N/A
OUTFRONT Media Inc. stock logo
OUT
OUTFRONT Media
$12.80
-1.1%
9.38%$1.20203.39%-5.90%1N/A
Gladstone Commercial Co. stock logo
GOOD
Gladstone Commercial
$13.06
-2.3%
9.19%$1.203,000.00%0.11%N/A12/15/2023
OneMain Holdings, Inc. stock logo
OMF
OneMain
$43.21
-0.4%
9.26%$4.0057.72%56.05%4N/A
Altria Group, Inc. stock logo
MO
Altria Group
$42.57
+0.2%
9.21%$3.9276.71%3.91%54N/A
Atlantica Sustainable Infrastructure plc stock logo
AY
Atlantica Sustainable Infrastructure
$19.55
-0.8%
9.10%$1.78342.31%4.08%6N/A
Great Ajax Corp. stock logo
AJX
Great Ajax
$4.80
-0.8%
9.17%$0.44400.00%-5.01%N/AN/A
Energy Transfer LP stock logo
ET
Energy Transfer
$13.76
-0.9%
9.08%$1.2591.24%-10.66%2N/A
Blue Owl Capital Co. stock logo
OBDC
Blue Owl Capital
$14.65
-0.8%
9.01%$1.3270.21%26.67%112/28/2023
AllianceBernstein Holding L.P. stock logo
AB
AllianceBernstein
$28.43
-0.1%
9.15%$2.6096.30%15.13%1N/A
Creative Media & Community Trust Co. stock logo
CMCT
Creative Media & Community Trust Co.
$3.85
+5.5%
8.83%$0.34-20.12%-27.73%1N/A
Nu Skin Enterprises, Inc. stock logo
NUS
Nu Skin Enterprises
$17.19
-2.4%
9.08%$1.5673.58%1.33%23N/A
British American Tobacco p.l.c. stock logo
BTI
British American Tobacco
$31.54
-1.2%
9.00%$2.8458.44%0.72%N/A12/21/2023
CTO Realty Growth, Inc. stock logo
CTO
CTO Realty Growth
$17.53
+0.5%
8.67%$1.52-253.33%172.26%N/A12/13/2023
USA Compression Partners LP stock logo
USAC
USA Compression Partners
$23.47
-2.0%
8.95%$2.10381.82%N/AN/AN/A
Redwood Trust, Inc. stock logo
RWT
Redwood Trust
$7.14
-1.1%
8.96%$0.6488.89%-8.48%N/AN/A
Bridge Investment Group Holdings Inc. stock logo
BRDG
Bridge Investment Group
$7.40
-3.8%
9.20%$0.6870.10%N/AN/AN/A
Sixth Street Specialty Lending, Inc. stock logo
TSLX
Sixth Street Specialty Lending
$20.87
-0.5%
8.82%$1.8480.35%2.70%212/14/2023
Greystone Housing Impact Investors LP stock logo
GHI
Greystone Housing Impact Investors
$17.11
+0.4%
8.65%$1.4896.10%N/A2N/A
Easterly Government Properties, Inc. stock logo
DEA
Easterly Government Properties
$12.32
+0.1%
8.60%$1.06378.57%0.64%N/AN/A
Innovative Industrial Properties, Inc. stock logo
IIPR
Innovative Industrial Properties
$84.72
-2.9%
8.50%$7.20129.50%35.88%5N/A
Kodiak Gas Services, Inc. stock logo
KGS
Kodiak Gas Services
$18.08
-1.6%
8.41%$1.52117.83%N/AN/AN/A
One Liberty Properties, Inc. stock logo
OLP
One Liberty Properties
$21.48
8.38%$1.80276.92%N/AN/AN/A
Braemar Hotels & Resorts  stock logo
BHR
Braemar Hotels & Resorts
$2.21
-5.6%
9.05%$0.20-21.98%-50.00%N/A12/28/2023
CEMIG stock logo
CIG
CEMIG
$2.22
+1.4%
8.11%$0.1845.00%N/AN/AN/A
Vitesse Energy, Inc. stock logo
VTS
Vitesse Energy
$22.61
-2.0%
8.85%$2.0088.50%N/AN/A12/14/2023
Kronos Worldwide, Inc. stock logo
KRO
Kronos Worldwide
$8.52
-4.3%
8.93%$0.76271.43%1.82%1N/A
Fidus Investment Co. stock logo
FDUS
Fidus Investment
$19.52
-0.2%
8.40%$1.6470.69%-2.63%312/19/2023
Enel Chile S.A. stock logo
ENIC
Enel Chile
$3.33
8.71%$0.2964.44%-53.39%1N/A
Loma Negra Compañía Industrial Argentina Sociedad Anónima stock logo
LOMA
Loma Negra Compañía Industrial Argentina Sociedad Anónima
$6.65
+1.1%
8.27%$0.5560.44%N/AN/AN/A
Omega Healthcare Investors, Inc. stock logo
OHI
Omega Healthcare Investors
$31.00
-1.7%
8.65%$2.68183.56%0.38%N/AN/A
NuStar Energy L.P. stock logo
NS
NuStar Energy
$19.12
-0.4%
8.37%$1.60112.68%-12.64%N/AN/A
SFL Co. Ltd. stock logo
SFL
SFL
$11.37
-1.4%
8.80%$1.00107.53%-14.34%312/14/2023
Kohl's Co. stock logo
KSS
Kohl's
$23.44
-6.4%
8.53%$2.0072.73%-9.29%112/5/2023
Kinetik Holdings Inc. stock logo
KNTK
Kinetik
$35.97
-2.9%
8.34%$3.00133.93%N/AN/AN/A
Grupo Aval Acciones y Valores S.A. stock logo
AVAL
Grupo Aval Acciones y Valores
$2.16
+1.4%
8.33%$0.1843.90%-2.02%N/A12/28/2023
Sabra Health Care REIT, Inc. stock logo
SBRA
Sabra Health Care REIT
$14.42
-0.1%
8.32%$1.20203.39%-12.64%N/AN/A
Kennedy-Wilson Holdings, Inc. stock logo
KW
Kennedy-Wilson
$12.01
-0.7%
7.99%$0.96-71.11%4.14%N/A12/28/2023
Himax Technologies, Inc. stock logo
HIMX
Himax Technologies
$5.54
-1.8%
8.48%$0.47109.30%N/AN/AN/A
Global Medical REIT Inc. stock logo
GMRE
Global Medical REIT
$10.47
+0.7%
8.02%$0.841,200.00%1.64%2N/A
SL Green Realty Corp. stock logo
SLG
SL Green Realty
$40.43
-4.2%
8.04%$3.25-162.50%0.42%N/A12/28/2023
The Western Union Company stock logo
WU
Western Union
$11.55
-0.8%
8.14%$0.9455.29%5.52%N/AN/A
Big 5 Sporting Goods Co. stock logo
BGFV
Big 5 Sporting Goods
$6.22
-1.7%
8.04%$0.50-714.29%71.00%N/AN/A
Ladder Capital Corp stock logo
LADR
Ladder Capital
$11.30
-1.1%
8.14%$0.9275.41%-13.51%1N/A
B&G Foods, Inc. stock logo
BGS
B&G Foods
$9.53
-3.3%
7.97%$0.7688.37%-5.27%N/A12/28/2023
Delek Logistics Partners, LP stock logo
DKL
Delek Logistics Partners
$52.00
-0.4%
8.04%$4.18104.76%5.36%10N/A
Global Ship Lease, Inc. stock logo
GSL
Global Ship Lease
$18.30
-2.9%
8.20%$1.5017.24%N/A1N/A
Claros Mortgage Trust, Inc. stock logo
CMTG
Claros Mortgage Trust
$12.79
-1.1%
7.82%$1.00102.04%N/AN/AN/A
Healthcare Realty Trust Incorporated stock logo
HR
Healthcare Realty Trust
$15.67
-2.2%
7.91%$1.24-344.44%1.10%N/AN/A
Washington Trust Bancorp, Inc. stock logo
WASH
Washington Trust Bancorp
$28.23
-2.2%
7.93%$2.2492.95%2.91%12N/A
City Office REIT, Inc. stock logo
CIO
City Office REIT
$5.24
-1.7%
7.63%$0.40-250.00%-5.23%N/AN/A
Leggett & Platt, Incorporated stock logo
LEG
Leggett & Platt
$24.33
+0.3%
7.56%$1.84129.58%3.27%5212/14/2023
Western Midstream Partners, LP stock logo
WES
Western Midstream Partners
$29.27
-2.2%
7.86%$2.3071.43%-27.14%1N/A
Woodside Energy Group Ltd stock logo
WDS
Woodside Energy Group
$19.37
-2.4%
8.05%$1.5687.15%N/AN/AN/A
Suburban Propane Partners, L.P. stock logo
SPH
Suburban Propane Partners
$17.12
-1.1%
7.60%$1.3054.85%-18.48%N/AN/A
Hess Midstream LP stock logo
HESM
Hess Midstream
$32.29
-1.7%
7.65%$2.4785.47%11.84%6N/A
Modiv Industrial, Inc. stock logo
MDV
Modiv Industrial
$15.07
-4.7%
7.63%$1.15348.48%N/AN/A12/28/2023
Physicians Realty Trust stock logo
DOC
Physicians Realty Trust
$12.32
-0.9%
7.47%$0.92400.00%N/AN/AN/A
Spok Holdings, Inc. stock logo
SPOK
Spok
$14.83
-12.2%
8.43%$1.25122.55%35.72%1N/A
Sasol Limited stock logo
SSL
Sasol
$10.23
-4.8%
8.22%$0.8430.22%28.12%N/AN/A
Lincoln National Co. stock logo
LNC
Lincoln National
$23.74
-3.7%
7.58%$1.8025.03%6.74%N/A1/9/2024
Enterprise Products Partners L.P. stock logo
EPD
Enterprise Products Partners
$26.67
-0.6%
7.50%$2.0074.63%2.32%26N/A
Townsquare Media, Inc. stock logo
TSQ
Townsquare Media
$9.88
+0.3%
7.59%$0.7550.68%N/AN/A12/29/2023
DHT Holdings, Inc. stock logo
DHT
DHT
$9.91
-2.3%
7.67%$0.7636.36%-15.66%N/AN/A
Enbridge Inc. stock logo
ENB
Enbridge
$35.09
-0.2%
7.41%$2.60131.31%6.06%N/A2/14/2024
Sinclair, Inc. stock logo
SBGI
Sinclair
$13.08
-3.0%
7.65%$1.0029.24%7.72%1N/A
Granite Ridge Resources, Inc. stock logo
GRNT
Granite Ridge Resources
$5.71
-2.9%
7.71%$0.4445.83%N/A1N/A
Clipper Realty Inc. stock logo
CLPR
Clipper Realty
$5.42
+2.8%
7.01%$0.3895.00%N/AN/AN/A
Star Bulk Carriers Corp. stock logo
SBLK
Star Bulk Carriers
$20.47
-5.7%
7.82%$1.6048.19%406.58%N/AN/A
TC Energy Co. stock logo
TRP
TC Energy
$37.92
-0.6%
7.09%$2.6994.39%6.56%N/A12/28/2023
EPR Properties stock logo
EPR
EPR Properties
$45.95
-0.2%
7.18%$3.30130.43%-10.28%1N/A
Cracker Barrel Old Country Store, Inc. stock logo
CBRL
Cracker Barrel Old Country Store
$70.58
-4.1%
7.37%$5.2097.74%0.65%N/A1/18/2024
Orion Office REIT Inc. stock logo
ONL
Orion Office REIT
$5.58
-0.9%
7.17%$0.40-37.74%N/AN/A12/28/2023
BCE Inc. stock logo
BCE
BCE
$40.47
-0.3%
6.99%$2.83119.41%N/AN/A12/14/2023
Banco de Chile stock logo
BCH
Banco de Chile
$22.52
0.0%
7.19%$1.6272.65%9.05%2N/A
Xerox Holdings Co. stock logo
XRX
Xerox
$14.07
+0.4%
7.11%$1.0054.64%N/AN/A12/28/2023
The First of Long Island Co. stock logo
FLIC
First of Long Island
$11.88
-1.8%
7.07%$0.8477.78%13.92%27N/A
Magic Software Enterprises Ltd. stock logo
MGIC
Magic Software Enterprises
$9.39
6.92%$0.6569.15%18.25%1N/A
Eagle Bancorp, Inc. stock logo
EGBN
Eagle Bancorp
$25.29
-2.3%
7.12%$1.8067.16%56.92%2N/A
UWM Holdings Co. stock logo
UWMC
UWM
$5.67
-1.0%
7.05%$0.40117.65%N/AN/A12/19/2023
Northwest Bancshares, Inc. stock logo
NWBI
Northwest Bancshares
$11.71
-0.8%
6.83%$0.8086.96%3.57%N/AN/A
The Bank of Nova Scotia stock logo
BNS
Bank of Nova Scotia
$44.33
-1.2%
7.04%$3.1261.66%16.33%N/A1/2/2024
Verizon Communications Inc. stock logo
VZ
Verizon Communications
$38.42
+1.0%
6.92%$2.6657.33%2.02%19N/A
LTC Properties, Inc. stock logo
LTC
LTC Properties
$33.37
+0.1%
6.83%$2.28124.59%7.72%N/A12/20/2023
Algonquin Power & Utilities Corp. stock logo
AQN
Algonquin Power & Utilities
$6.19
-2.8%
6.95%$0.4379.63%8.96%N/A12/28/2023
Dorian LPG Ltd. stock logo
LPG
Dorian LPG
$44.04
-0.5%
6.81%$3.0059.41%N/AN/AN/A
Holly Energy Partners, L.P. stock logo
HEP
Holly Energy Partners
$20.45
6.85%$1.4065.42%-19.49%N/AN/A
New York Community Bancorp, Inc. stock logo
NYCB
New York Community Bancorp
$9.65
-1.8%
7.05%$0.6849.28%N/AN/AN/A
Lufax Holding Ltd stock logo
LU
Lufax
$0.81
-9.0%
7.43%$0.0627.27%N/AN/AN/A
Broadstone Net Lease, Inc. stock logo
BNL
Broadstone Net Lease
$16.46
-0.2%
6.93%$1.14156.16%N/A212/28/2023
Artisan Partners Asset Management Inc. stock logo
APAM
Artisan Partners Asset Management
$38.14
+0.1%
6.82%$2.6093.53%7.72%1N/A
First Interstate BancSystem, Inc. stock logo
FIBK
First Interstate BancSystem
$26.90
-2.7%
6.99%$1.8879.32%11.09%10N/A
Main Street Capital Co. stock logo
MAIN
Main Street Capital
$41.71
-0.3%
6.76%$2.8272.68%2.28%312/7/2023
W. P. Carey Inc. stock logo
WPC
W. P. Carey
$64.46
-0.6%
6.64%$4.28201.89%0.81%27N/A
Gerdau S.A. stock logo
GGB
Gerdau
$4.53
+1.3%
6.85%$0.3144.93%93.05%N/AN/A
Antero Midstream Co. stock logo
AM
Antero Midstream
$13.11
-1.9%
6.86%$0.9095.74%-13.44%N/AN/A
Vale S.A. stock logo
VALE
Vale
$14.72
-0.5%
7.00%$1.0341.37%N/AN/AN/A
Plains All American Pipeline, L.P. stock logo
PAA
Plains All American Pipeline
$15.51
-1.8%
6.90%$1.0779.26%-15.50%2N/A
Berry Co. stock logo
BRY
Berry
$6.85
-3.1%
7.01%$0.4847.52%-20.63%1N/A
UGI Co. stock logo
UGI
UGI
$22.60
-0.9%
6.64%$1.5052.45%5.60%3612/14/2023
First Guaranty Bancshares, Inc. stock logo
FGBI
First Guaranty Bancshares
$9.76
-2.6%
6.56%$0.64120.75%5.69%N/A12/21/2023
Opera Limited stock logo
OPRA
Opera
$11.27
+0.9%
6.92%$0.7880.41%N/AN/AN/A
Euroseas Ltd. stock logo
ESEA
Euroseas
$29.99
0.0%
6.67%$2.0018.18%N/AN/A12/7/2023
Stellantis stock logo
STLA
Stellantis
$22.00
+0.1%
6.64%$1.4625.04%N/A1N/A
Postal Realty Trust, Inc. stock logo
PSTL
Postal Realty Trust
$14.60
6.51%$0.95678.57%87.65%4N/A
V.F. Co. stock logo
VFC
V.F.
$18.07
-3.8%
6.64%$1.2061.86%1.36%N/A12/8/2023
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
$13.74
-0.7%
6.99%$0.9688.89%3.89%1112/15/2023
Community Healthcare Trust Incorporated stock logo
CHCT
Community Healthcare Trust
$27.97
-0.4%
6.51%$1.82280.00%2.37%8N/A
Lazard Ltd stock logo
LAZ
Lazard
$30.87
-0.7%
6.48%$2.0065.79%1.60%1N/A
AT&T Inc. stock logo
T
AT&T
$17.22
+3.4%
6.45%$1.1144.40%-12.80%N/AN/A
Alpine Income Property Trust, Inc. stock logo
PINE
Alpine Income Property Trust
$17.08
+0.2%
6.44%$1.10-916.67%165.87%312/13/2023
Healthpeak Properties, Inc. stock logo
PEAK
Healthpeak Properties
$18.36
-0.6%
6.54%$1.20292.68%N/AN/AN/A
Plains GP Holdings, L.P. stock logo
PAGP
Plains GP
$15.83
-2.2%
6.76%$1.0766.46%-15.50%2N/A
ADTRAN Holdings, Inc. stock logo
ADTN
ADTRAN
$6.04
-1.0%
5.96%$0.36300.00%N/AN/AN/A
Financial Institutions, Inc. stock logo
FISI
Financial Institutions
$18.23
-3.0%
6.58%$1.2041.52%5.07%1312/13/2023
National Storage Affiliates Trust stock logo
NSA
National Storage Affiliates Trust
$35.88
+0.4%
6.24%$2.24287.18%19.18%912/14/2023
Vinci Partners Investments Ltd. stock logo
VINP
Vinci Partners Investments
$10.55
+0.5%
6.45%$0.6861.82%N/AN/AN/A
National Health Investors, Inc. stock logo
NHI
National Health Investors
$55.86
-0.1%
6.44%$3.60127.21%-5.01%N/A12/28/2023
Spirit Realty Capital, Inc. stock logo
SRC
Spirit Realty Capital
$42.23
-0.8%
6.35%$2.68195.62%1.34%312/27/2023
Deluxe Co. stock logo
DLX
Deluxe
$18.90
-1.4%
6.35%$1.2035.93%N/AN/AN/A
Kinder Morgan, Inc. stock logo
KMI
Kinder Morgan
$17.50
-2.0%
6.46%$1.1394.96%5.09%6N/A
The RMR Group Inc. stock logo
RMR
The RMR Group
$25.18
-1.3%
6.35%$1.6090.40%3.38%1N/A
Qifu Technology, Inc. stock logo
QFIN
Qifu Technology
$14.64
-1.5%
6.69%$0.9822.43%N/AN/AN/A
Global Self Storage, Inc. stock logo
SELF
Global Self Storage
$4.68
+0.4%
6.20%$0.29145.01%1.89%112/14/2023
Clearway Energy, Inc. stock logo
CWEN
Clearway Energy
$25.08
-0.6%
6.34%$1.59100.63%21.31%4N/A
American Assets Trust, Inc. stock logo
AAT
American Assets Trust
$21.39
+0.2%
6.17%$1.32183.33%3.94%312/6/2023
Truist Financial Co. stock logo
TFC
Truist Financial
$33.15
-0.4%
6.27%$2.0860.47%N/A12N/A
Sunoco LP stock logo
SUN
Sunoco
$52.97
-0.5%
6.36%$3.3766.87%N/A1N/A
Hannon Armstrong Sustainable Infrastructure Capital, Inc. stock logo
HASI
Hannon Armstrong Sustainable Infrastructure Capital
$25.17
-1.5%
6.28%$1.5867.81%3.83%512/28/2023
KeyCorp stock logo
KEY
KeyCorp
$12.94
-3.7%
6.34%$0.8262.60%3.62%12N/A
Boston Properties, Inc. stock logo
BXP
Boston Properties
$61.98
-2.7%
6.32%$3.92151.94%N/AN/AN/A
CVR Energy, Inc. stock logo
CVI
CVR Energy
$31.31
-2.8%
6.39%$2.0064.31%-26.72%1N/A
Whirlpool Co. stock logo
WHR
Whirlpool
$108.09
-3.4%
6.48%$7.0044.36%13.80%12N/A
Canadian Imperial Bank of Commerce stock logo
CM
Canadian Imperial Bank of Commerce
$42.30
+0.6%
6.08%$2.5753.43%5.54%N/A12/27/2023
Saul Centers, Inc. stock logo
BFS
Saul Centers
$39.51
-0.5%
5.97%$2.36140.48%N/A2N/A
Gaming and Leisure Properties, Inc. stock logo
GLPI
Gaming and Leisure Properties
$47.41
-0.8%
6.16%$2.92104.29%0.78%312/7/2023
Kilroy Realty Co. stock logo
KRC
Kilroy Realty
$35.75
-0.7%
6.04%$2.16128.57%3.54%7N/A
The Bank of N.T. Butterfield & Son Limited stock logo
NTB
Bank of N.T. Butterfield & Son
$29.01
-1.8%
6.07%$1.7639.73%N/AN/AN/A
Capitol Federal Financial, Inc. stock logo
CFFN
Capitol Federal Financial
$5.71
-2.7%
5.95%$0.3479.07%N/AN/AN/A
Columbia Banking System, Inc. stock logo
COLB
Columbia Banking System
$23.70
-2.3%
6.08%$1.4446.01%2.33%1N/A
Luxfer Holdings PLC stock logo
LXFR
Luxfer
$8.85
+0.9%
5.88%$0.5265.00%0.99%1N/A
3M stock logo
MMM
3M
$101.69
-1.7%
5.90%$6.0060.85%1.14%65N/A
JBG SMITH Properties stock logo
JBGS
JBG SMITH Properties
$14.88
-1.9%
6.05%$0.90-102.27%N/AN/AN/A
Provident Financial Services, Inc. stock logo
PFS
Provident Financial Services
$16.15
-1.0%
5.94%$0.9647.52%1.43%N/AN/A
Janus Henderson Group plc stock logo
JHG
Janus Henderson Group
$26.49
-0.7%
5.89%$1.5669.03%2.48%2N/A
Simon Property Group, Inc. stock logo
SPG
Simon Property Group
$130.78
-0.1%
5.81%$7.60119.69%-5.97%312/7/2023
Premier Financial Corp. stock logo
PFC
Premier Financial
$21.23
-1.0%
5.84%$1.2455.11%N/A3N/A
Comerica Incorporated stock logo
CMA
Comerica
$47.83
-3.3%
5.94%$2.8449.39%0.50%112/14/2023
Citizens Financial Group, Inc. stock logo
CFG
Citizens Financial Group
$29.06
+1.4%
5.78%$1.6849.41%6.00%1N/A
Pembina Pipeline Co. stock logo
PBA
Pembina Pipeline
$33.62
-0.8%
5.89%$1.9893.40%3.22%112/14/2023

One of the most metrics used to describe a company’s dividend is its dividend yield. The dividend yield is a calculation of a company’s announced dividend per share divided by its current stock price. In general, the higher the yield, the more attractive the company is as an investment choice.

In this article, we’ll explain the significance of high-yield dividend stocks and how they can benefit investors of all styles. And we’ll also help you identify times when a high yield is a trap that can lead you to buy shares of financially troubled companies.

A company’s dividend yield is a measure of how much money per share a company pays out as a dividend expressed as a percentage. The formula for dividend yield is:

Annual dividend per share/price per share

For example, a company with a share price of $100 that pays a $3 annual dividend per share will have a dividend yield of 3%.

3/100 = .03 (3%)

An accepted definition of a high-yield dividend stocks is one that has a dividend yield above 4%. However, it’s important to compare a stock with others in its sector. For example, a dividend of 2.5% in some sectors is exceptional. In others, a 4% yield is low. Therefore an apt description for investors is that a high-yield dividend stock is a stock with an above-average yield for its sector.

Investing in high-yield dividend stocks is a proven way for investors to grow their wealth. Dividend stocks offer investors a two-pronged benefit of regular, predictable income and the opportunity for capital growth.

In fact, since the financial crisis of 2007, U.S. treasury yields have been at historic lows. This means that many high-yield dividend stocks offer a higher yield than that of U.S. government debt. Plus, investors who reinvest dividend stocks have an ability to generate additional capital growth through share price appreciation.

Many investors buy high-yield dividend stocks to get a regular supplement to their income. That’s why dividend stocks are often thought of in connection to retirees and others living on a fixed income. However, investors who don’t need the money right away can benefit from re-investing their dividends.

Many dividend-paying companies have a dividend reinvestment plan (DRIP).By reinvesting dividends, the regular dividend payment goes into buying more shares of that company’s stock. Over time this strategy has been proven to increase an investor’s total return.

For example, let’s say Simon Property Group (NYSE:SPG) has a dividend yield of approximately 7%, a payout ratio of $6.80, and a share price of around $95. If an investor owns 500 shares on the ex-dividend date, they would receive 25% of the $6.80 or $1.70 per share. That calculates to $850 that would be available to reinvest in SPG stock. And that means that he investor would have purchased almost nine additional shares of the company’s stock.

This is where compounding kicks in. For this example let’s assume the investor holds onto their shares and does not buy additional shares. Furthermore let’s assume there is no change to the SPG stock price and/or dividend payout. In the next quarter, the investor will receive $1.70 per share for 509 shares.

Over time, this reinvestment strategy has a snowball effect where the investor receives additional shares without putting out any of their own capital. Furthermore, if the company increases their dividend, the payout will be even larger.

Yes and no. Many of these companies show consistent revenue and earnings growth. They may have an occasional bad quarter as any company will, but the trend is always towards growth.

That being said, investors can expect that these companies may have less growth than a growth stock that doesn’t pay a dividend. The key with high-yield dividend stocks is consistency. It’s that consistency that will allow a company to sustain or even grow its dividend.

When a High Yield Tells a Different Story

As we said in the introduction, generally speaking a company with a high dividend yield is more attractive to income-oriented investors. However, investors must still perform their own due diligence.

One reason for this is that a dividend yield has an inverse relationship with a company’s stock price. When a company’s share price goes up, the yield will go down. Conversely when a share price falls, the dividend yield rises. Both statements assume that the dividend payout stays the same.

In the case where a share price is rising, investors may want to know why the company is choosing not to increase its dividend. And in the case where the stock price is falling, investors will want to study the company’s fundamentals to ensure that there will not be sustained pressure on revenue and earnings. This is known as a yield trap and it can do harm to investors who are relying on a steady stream of income.

There’s no such thing as a sure thing. And that is true of high-yield dividend stocks. Because of its inverse correlation to share price, dividend yield does not accurately predict a company’s financial position in every circumstance.

However, companies that have a high dividend yield are generally on strong financial footing. And once a company begins to issue a dividend, they will typically make maintaining and/or growing the dividend a priority.

Find out why slow and steady wins the race with DividendStocks.com.