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
ZIM Integrated Shipping Services
$18.34
-0.1%
64.34%$11.8024.04%N/AN/AN/A
NCMI
National CineMedia
$0.28
-0.3%
39.29%$0.11100.00%-45.51%N/AN/A
KNOP
KNOT Offshore Partners
$5.68
-0.4%
36.62%$2.08742.86%N/AN/AN/A
NFE
New Fortress Energy
$37.23
+0.3%
32.23%$12.00-1,165.05%N/A1N/A
PBR
Petróleo Brasileiro S.A. - Petrobras
$11.66
-2.3%
29.50%$3.44106.50%N/A1N/A
LPG
Dorian LPG
$18.32
+1.5%
24.56%$4.50215.31%N/AN/AN/A
GRIN
Grindrod Shipping
$13.89
+1.2%
24.19%$3.36219.61%N/AN/AN/A
SBLK
Star Bulk Carriers
$22.11
-0.5%
21.71%$4.8096.97%406.58%N/AN/A
GECC
Great Elm Capital
$8.93
+1.2%
20.16%$1.80N/A-32.22%N/AN/A
ARR
ARMOUR Residential REIT
$6.11
+1.6%
19.64%$1.2094.49%-17.54%N/AN/A
DSX
Diana Shipping
$3.73
+2.9%
18.77%$0.7076.09%N/AN/AN/A
IVR
Invesco Mortgage Capital
$14.38
+1.8%
18.08%$2.6075.80%-44.87%N/AN/A
GNK
Genco Shipping & Trading
$17.27
+1.3%
18.07%$3.1296.30%76.30%N/AN/A
TRMD
TORM
$23.51
-1.8%
18.12%$4.2668.71%N/AN/AN/A
SHIP
Seanergy Maritime
$0.60
-0.5%
16.75%$0.10333.33%N/AN/AN/A
AOMR
Angel Oak Mortgage
$7.89
+2.2%
16.22%$1.28-17.83%N/AN/AN/A
CHMI
Cherry Hill Mortgage Investment
$6.85
+1.5%
15.77%$1.0841.38%-15.34%N/AN/A
ORC
Orchid Island Capital
$12.20
+1.4%
15.74%$1.92137.14%-18.12%N/A1/30/2023
HIMX
Himax Technologies
$8.06
+2.9%
15.38%$1.24187.88%N/A2N/A
NLY
Annaly Capital Management
$22.79
+2.3%
15.45%$3.52104.14%-3.79%N/AN/A
LOMA
Loma Negra Compañía Industrial Argentina Sociedad Anónima
$7.48
-1.6%
16.04%$1.2077.42%N/AN/AN/A
OXLC
Oxford Lane Capital
$5.81
+0.7%
15.49%$0.9096.77%-17.79%N/A2/13/2023
ECC
Eagle Point Credit
$10.59
+0.7%
15.49%$1.64101.86%0.41%22/7/2023
GOGL
Golden Ocean Group
$9.10
+0.2%
15.38%$1.4075.27%93.37%N/AN/A
NEWT
Newtek Business Services
$18.53
+0.9%
15.11%$2.80123.35%9.85%N/AN/A
SPOK
Spok
$8.38
+0.8%
14.92%$1.25-127.55%35.72%1N/A
WMC
Western Asset Mortgage Capital
$11.12
+3.3%
14.39%$1.60-9.62%-53.58%N/AN/A
TRIN
Trinity Capital
$13.24
+0.2%
13.90%$1.84206.74%N/AN/AN/A
SUZ
Suzano
$8.97
-3.0%
14.27%$1.28142.22%N/A1N/A
TWO
Two Harbors Investment
$17.83
+1.3%
13.46%$2.4091.60%-26.61%N/AN/A
OPI
Office Properties Income Trust
$16.45
+1.4%
13.37%$2.20-440.00%N/AN/AN/A
EGLE
Eagle Bulk Shipping
$53.42
+0.5%
13.48%$7.2037.48%N/AN/AN/A
CIM
Chimera Investment
$6.94
+2.0%
13.26%$0.92103.37%-17.57%N/AN/A
GPP
Green Plains Partners
$13.67
+0.7%
13.31%$1.82105.20%-1.97%22/2/2023
NYMT
New York Mortgage Trust
$3.05
+1.0%
13.11%$0.40250.00%-20.63%N/AN/A
EFC
Ellington Financial
$13.75
+0.1%
13.09%$1.8092.78%-0.18%N/A1/30/2023
RTL
Necessity Retail REIT
$6.66
+1.5%
12.76%$0.85-96.59%N/A2N/A
AGNC
AGNC Investment
$11.50
+1.0%
12.52%$1.4475.00%-10.37%N/A1/30/2023
FSK
FS KKR Capital
$19.55
+1.3%
12.48%$2.4486.22%-4.35%N/AN/A
GPMT
Granite Point Mortgage Trust
$6.28
-1.1%
12.74%$0.80106.67%-17.31%N/AN/A
TPVG
TriplePoint Venture Growth BDC
$11.85
+0.3%
12.49%$1.4883.15%2.48%1N/A
EC
Ecopetrol
$11.96
+1.5%
12.21%$1.4666.97%N/AN/AN/A
MFA
MFA Financial
$11.52
+1.9%
12.15%$1.40120.69%-25.19%N/AN/A
RC
Ready Capital
$12.97
+0.1%
12.34%$1.6094.12%1.23%N/AN/A
AJX
Great Ajax
$8.64
-1.3%
12.50%$1.0891.53%-5.01%2N/A
BDN
Brandywine Realty Trust
$6.17
flat
12.32%$0.76-1,900.00%N/AN/AN/A
MRCC
Monroe Capital
$8.21
+0.4%
12.18%$1.0096.15%-10.61%N/AN/A
REFI
Chicago Atlantic Real Estate Finance
$15.47
-0.1%
12.15%$1.8894.95%N/AN/AN/A
EARN
Ellington Residential Mortgage REIT
$7.96
flat
12.06%$0.9678.69%-4.12%N/A1/30/2023
MFIC
MidCap Financial Investment
$12.33
-0.2%
12.00%$1.4895.48%-7.82%1N/A
SID
Companhia Siderúrgica Nacional
$3.68
+4.6%
11.41%$0.42107.69%N/AN/AN/A
KRP
Kimbell Royalty Partners
$16.75
+2.1%
11.70%$1.96125.64%5.97%N/AN/A
ARI
Apollo Commercial Real Estate Finance
$11.76
-0.1%
11.90%$1.40108.53%-8.71%N/AN/A
PTMN
Portman Ridge Finance
$22.86
+0.7%
11.72%$2.6887.30%-4.27%1N/A
RWT
Redwood Trust
$7.94
+1.6%
11.59%$0.9293.88%-8.48%N/AN/A
CION
CION Investment
$10.65
+0.9%
11.64%$1.24124.00%N/AN/AN/A
GSBD
Goldman Sachs BDC
$15.50
+0.5%
11.61%$1.8099.45%N/AN/AN/A
TRTX
TPG RE Finance Trust
$8.31
+0.6%
11.55%$0.9684.96%-17.67%N/AN/A
LFT
Lument Finance Trust
$2.14
+0.5%
11.21%$0.24120.01%N/AN/AN/A
RWAY
Runway Growth Finance
$12.80
+0.2%
11.25%$1.44173.50%N/AN/AN/A
GNL
Global Net Lease
$14.41
+1.4%
11.10%$1.601,777.78%-3.40%N/AN/A
BBDC
Barings BDC
$8.60
+0.7%
11.16%$0.9682.76%20.72%4N/A
PNNT
PennantPark Investment
$5.89
flat
11.21%$0.66-178.38%-42.07%N/AN/A
KREF
KKR Real Estate Finance Trust
$15.44
+0.3%
11.14%$1.7292.97%N/AN/AN/A
CCAP
Crescent Capital BDC
$14.72
-0.4%
11.14%$1.6490.11%N/AN/AN/A
HRZN
Horizon Technology Finance
$11.89
flat
11.10%$1.3280.98%2.17%12/16/2023
ABR
Arbor Realty Trust
$14.67
+1.4%
10.91%$1.6090.91%10.54%8N/A
CSWC
Capital Southwest
$18.99
+0.8%
10.95%$2.08114.29%-7.11%6N/A
ACRE
Ares Commercial Real Estate
$11.93
-0.3%
11.06%$1.32105.60%1.98%N/AN/A
BCSF
Bain Capital Specialty Finance
$13.21
+1.2%
10.90%$1.4487.27%-5.59%1N/A
BRSP
BrightSpire Capital
$7.35
+1.2%
10.88%$0.8085.11%N/AN/AN/A
MITT
AG Mortgage Investment Trust
$6.62
+1.1%
10.88%$0.7280.90%-47.83%N/AN/A
BSM
Black Stone Minerals
$16.48
+0.6%
10.92%$1.8086.12%1.33%2N/A
RITM
Rithm Capital
$9.31
+1.1%
10.74%$1.0069.93%-20.63%N/AN/A
DX
Dynex Capital
$14.84
+3.1%
10.51%$1.56121.88%-8.11%N/AN/A
PMT
PennyMac Mortgage Investment Trust
$15.11
+2.4%
10.59%$1.60101.91%-1.26%N/AN/A
OCSL
Oaktree Specialty Lending
$20.09
+0.7%
10.75%$2.16263.41%28.96%3N/A
LU
Lufax
$3.16
+11.7%
9.49%$0.3037.97%N/AN/AN/A
BXMT
Blackstone Mortgage Trust
$23.24
+0.2%
10.67%$2.4892.88%N/AN/AN/A
WHF
WhiteHorse Finance
$13.29
-0.2%
10.68%$1.4299.30%-3.09%N/AN/A
SLRC
SLR Investment
$15.45
+0.1%
10.61%$1.64101.86%N/AN/AN/A
USAC
USA Compression Partners
$20.17
+0.5%
10.41%$2.10600.00%N/AN/AN/A
NREF
NexPoint Real Estate Finance
$19.00
-1.6%
10.53%$2.0090.91%N/A2N/A
CWH
Camping World
$24.29
+0.2%
10.29%$2.5070.03%59.79%3N/A
BXSL
Blackstone Secured Lending Fund
$23.55
+1.0%
10.19%$2.4099.59%N/AN/AN/A
FBRT
Franklin BSP Realty Trust
$13.96
+0.9%
10.17%$1.42-41.89%N/AN/AN/A
HTGC
Hercules Capital
$14.28
+1.5%
10.08%$1.4482.76%13.99%2N/A
ORCC
Owl Rock Capital
$13.06
+0.8%
10.11%$1.3284.08%23.79%1N/A
ESEA
Euroseas
$19.98
+0.9%
10.01%$2.0015.42%N/AN/AN/A
KARO
Karooooo
$25.22
+5.6%
9.52%$2.40220.18%N/AN/AN/A
SAR
Saratoga Investment
$26.91
-0.4%
10.11%$2.7275.14%11.38%1N/A
CALM
Cal-Maine Foods
$54.79
+1.5%
9.86%$5.40143.24%60.02%2N/A
NMFC
New Mountain Finance
$12.98
+0.6%
9.86%$1.28119.63%N/AN/AN/A
NMFC
New Mountain Finance
$12.98
+0.6%
9.86%$1.28119.63%N/AN/AN/A
NMFC
New Mountain Finance
$12.98
+0.6%
9.86%$1.28119.63%N/AN/AN/A
ARCC
Ares Capital
$19.62
+1.3%
9.79%$1.9289.30%3.64%2N/A
AQN
Algonquin Power & Utilities
$7.30
-0.1%
9.86%$0.72112.50%8.96%11N/A
BHP
BHP Group
$71.24
+0.7%
9.78%$6.97126.27%N/AN/AN/A
FLNG
FLEX LNG
$30.73
+0.7%
9.76%$3.0095.54%227.11%N/AN/A
HPP
Hudson Pacific Properties
$10.10
-0.9%
9.90%$1.00-204.08%N/AN/AN/A
BRMK
Broadmark Realty Capital
$4.32
+0.2%
9.72%$0.4264.62%85.82%N/A1/30/2023
TCPC
BlackRock TCP Capital
$13.26
+0.8%
9.65%$1.2885.33%-4.10%1N/A
GBDC
Golub Capital BDC
$13.83
+1.2%
9.54%$1.3287.42%-4.68%2N/A
CGBD
Carlyle Secured Lending
$14.94
+0.1%
9.64%$1.4478.26%-1.95%1N/A
CEQP
Crestwood Equity Partners
$27.48
+0.6%
9.53%$2.62115.42%2.57%12/6/2023
PSEC
Prospect Capital
$7.52
-0.1%
9.57%$0.7277.42%-9.14%N/A1/26/2023
UNIT
Uniti Group
$6.34
+0.8%
9.46%$0.6072.29%17.49%N/AN/A
STWD
Starwood Property Trust
$20.30
+0.6%
9.46%$1.9285.71%N/AN/AN/A
OHI
Omega Healthcare Investors
$28.65
+1.5%
9.35%$2.68186.11%0.38%N/AN/A
ARLP
Alliance Resource Partners
$20.52
-2.6%
9.75%$2.0026.88%-11.24%1N/A
SVC
Service Properties Trust
$8.56
+1.5%
9.35%$0.80-43.96%-24.76%1N/A
VNO
Vornado Realty Trust
$22.32
-0.6%
9.50%$2.12-1,009.52%-9.39%N/A1/27/2023
TSLX
Sixth Street Specialty Lending
$19.54
+2.1%
9.21%$1.8086.54%0.55%1N/A
KNTK
Kinetik
$31.98
+0.3%
9.38%$3.00N/AN/AN/A2/3/2023
MPW
Medical Properties Trust
$12.58
+1.5%
9.22%$1.1697.48%4.38%8N/A
SFL
SFL
$9.90
+0.5%
9.29%$0.9263.01%-14.34%2N/A
NS
NuStar Energy
$17.19
+0.3%
9.31%$1.60131.15%-12.64%N/AN/A
GIPR
Generation Income Properties
$5.09
+0.8%
9.23%$0.47-20.09%9.93%N/A2/14/2023
MDV
Modiv
$13.25
+5.7%
8.68%$1.15-82.73%N/AN/A1/30/2023
SBRA
Sabra Health Care REIT
$13.27
+0.9%
9.04%$1.20214.29%-12.64%N/AN/A
CMTG
Claros Mortgage Trust
$16.14
-0.9%
9.17%$1.48137.04%N/AN/AN/A
ICL
ICL Group
$8.05
-0.1%
9.07%$0.7397.33%N/AN/AN/A
UWMC
UWM
$4.47
+0.9%
8.95%$0.4072.73%N/AN/AN/A
MPLX
Mplx
$34.95
+0.6%
8.87%$3.1085.40%2.93%9N/A
GLAD
Gladstone Capital
$10.07
-0.2%
8.94%$0.9090.00%-1.20%22/16/2023
OMF
OneMain
$42.83
-0.1%
8.87%$3.8049.87%8.20%3N/A
BSMX
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México
$6.34
+0.5%
8.68%$0.5554.46%N/AN/AN/A
SLG
SL Green Realty
$37.21
-1.1%
8.73%$3.25-1,710.53%0.42%N/A1/30/2023
CIO
City Office REIT
$9.37
-0.1%
8.54%$0.80800.00%-5.23%N/AN/A
ETRN
Equitrans Midstream
$7.26
+2.1%
8.26%$0.6063.16%-30.14%N/A2/3/2023
LADR
Ladder Capital
$11.00
+0.3%
8.36%$0.9266.19%-13.51%1N/A
MO
Altria Group
$44.29
-1.4%
8.49%$3.7671.08%3.91%13N/A
SQM
Sociedad Química y Minera de Chile
$93.90
+1.5%
8.23%$7.7373.55%N/AN/AN/A
IIPR
Innovative Industrial Properties
$86.42
0.0%
8.33%$7.20103.75%35.88%5N/A
AM
Antero Midstream
$10.82
-0.4%
8.32%$0.90103.45%-13.44%N/AN/A
GSL
Global Ship Lease
$17.92
-1.5%
8.37%$1.5013.67%N/A1N/A
FRG
Franchise Group
$30.55
+0.5%
8.18%$2.5089.93%N/A2N/A
PDM
Piedmont Office Realty Trust
$10.18
-0.3%
8.25%$0.84560.00%N/AN/AN/A
SPH
Suburban Propane Partners
$16.04
+0.1%
8.10%$1.3050.19%-18.48%N/A1/30/2023
ET
Energy Transfer
$13.50
+2.6%
7.85%$1.0665.84%-10.66%1N/A
WDS
Woodside Energy Group
$26.88
+1.2%
7.96%$2.14N/AN/AN/AN/A
DKL
Delek Logistics Partners
$50.52
+2.7%
7.84%$3.9672.66%5.36%92/1/2023
CTO
CTO Realty Growth
$19.18
+1.0%
7.92%$1.52584.62%172.26%N/AN/A
CTO
CTO Realty Growth
$19.18
+1.0%
7.92%$1.52584.62%172.26%N/AN/A
GHI
Greystone Housing Impact Investors
$18.66
+0.8%
7.93%$1.4851.42%N/AN/AN/A
EPR
EPR Properties
$42.03
+1.4%
7.85%$3.30130.43%-10.28%11/30/2023
GMRE
Global Medical REIT
$10.81
+1.1%
7.77%$0.84466.67%1.64%2N/A
VOD
Vodafone Group Public
$11.46
-0.5%
7.85%$0.9070.87%N/AN/AN/A
MMP
Magellan Midstream Partners
$54.37
+1.0%
7.71%$4.1980.42%1.02%202/6/2023
EVA
Enviva
$45.58
-2.3%
7.94%$3.62326.13%10.99%7N/A
OLP
One Liberty Properties
$23.44
+0.6%
7.68%$1.8096.26%N/AN/AN/A
SCM
Stellus Capital Investment
$14.70
+1.3%
7.62%$1.1276.71%-1.49%21/30/2023
BTI
British American Tobacco
$37.76
-0.9%
7.79%$2.9456.76%N/AN/AN/A
BRDG
Bridge Investment Group
$14.05
+0.4%
7.69%$1.0872.97%N/AN/AN/A
HBI
Hanesbrands
$7.88
+0.9%
7.61%$0.6055.56%N/AN/AN/A
ALX
Alexander's
$239.99
+0.4%
7.50%$18.0075.47%N/AN/A1/27/2023
WLKP
Westlake Chemical Partners
$25.96
+2.1%
7.28%$1.8982.53%1.55%N/A2/1/2023
PK
Park Hotels & Resorts
$14.19
+3.5%
7.05%$1.00277.78%-47.18%N/AN/A
AMBP
Ardagh Metal Packaging
$5.45
-0.6%
7.34%$0.40102.56%N/AN/AN/A
HESM
Hess Midstream
$31.18
+1.1%
7.22%$2.2584.91%11.84%52/1/2023
EPD
Enterprise Products Partners
$26.32
+0.5%
7.22%$1.9071.70%2.32%261/30/2023
GOOD
Gladstone Commercial
$16.50
-0.5%
7.27%$1.203,000.00%0.11%N/A2/16/2023
HEP
Holly Energy Partners
$19.72
+1.7%
7.10%$1.4068.63%-19.49%N/A1/27/2023
GAIN
Gladstone Investment
$13.48
+0.7%
7.12%$0.9663.58%7.51%32/16/2023
BIG
Big Lots
$16.27
-2.8%
7.38%$1.2071.43%N/AN/AN/A
FDUS
Fidus Investment
$20.17
+0.3%
7.14%$1.4472.00%1.03%2N/A
SUN
Sunoco
$46.94
+1.7%
7.03%$3.3076.74%N/AN/AN/A
WES
Western Midstream Partners
$28.42
+1.6%
7.04%$2.0057.80%-27.14%21/31/2023
BAK
Braskem
$9.08
+1.2%
6.94%$0.6387.50%N/AN/AN/A
PAA
Plains All American Pipeline
$12.78
+2.1%
6.81%$0.8755.77%-15.50%21/30/2023
NYCB
New York Community Bancorp
$9.83
+0.1%
6.92%$0.6856.67%N/AN/A2/3/2023
KRO
Kronos Worldwide
$11.36
+3.2%
6.69%$0.7666.09%1.82%1N/A
IFS
Intercorp Financial Services
$23.73
-1.3%
7.00%$1.6637.73%N/A1N/A
MAIN
Main Street Capital
$39.30
+0.3%
6.87%$2.7075.63%0.45%112/7/2023
NAT
Nordic American Tankers
$2.89
-0.7%
6.92%$0.2033.33%3.23%1N/A
GLP
Global Partners
$36.54
+0.2%
6.84%$2.50148.81%5.63%22/7/2023
HIW
Highwoods Properties
$29.14
-0.2%
6.86%$2.00188.68%1.72%N/AN/A
PANL
Pangaea Logistics Solutions
$5.73
-1.9%
6.98%$0.4037.38%41.90%2N/A
VFC
V.F.
$29.90
+0.0%
6.82%$2.0486.44%N/A49N/A
AB
AllianceBernstein
$38.24
+1.9%
6.69%$2.5684.49%15.13%N/AN/A
CIB
Bancolombia
$30.88
+1.9%
6.61%$2.0437.29%N/AN/AN/A
DEA
Easterly Government Properties
$15.75
-0.2%
6.73%$1.06623.53%0.64%N/AN/A
RIO
Rio Tinto Group
$80.40
+0.6%
6.63%$5.3378.85%N/AN/AN/A
WU
Western Union
$14.26
+0.6%
6.59%$0.9457.67%5.52%N/AN/A
AY
Atlantica Sustainable Infrastructure
$27.40
+1.8%
6.50%$1.78234.21%4.08%6N/A
CMCT
Creative Media & Community Trust Co.
$5.33
+2.6%
6.38%$0.34-69.39%-80.07%1N/A
PAGP
Plains GP
$13.46
+1.3%
6.46%$0.8727.36%-15.50%21/30/2023
HCSG
Healthcare Services Group
$13.08
-1.5%
6.57%$0.8695.56%2.46%19N/A
VZ
Verizon Communications
$40.27
-0.1%
6.48%$2.6152.41%2.01%18N/A
OUT
Outfront Media
$19.20
+2.7%
6.25%$1.2097.56%-5.90%1N/A
ENB
Enbridge
$40.65
+0.4%
6.37%$2.59113.60%-4.64%12/14/2023
NHI
National Health Investors
$56.92
+1.0%
6.32%$3.60122.45%-5.01%N/AN/A
APAM
Artisan Partners Asset Management
$35.59
+1.4%
6.29%$2.2479.43%2.68%N/AN/A
VGR
Vector Group
$12.62
+0.5%
6.34%$0.8056.34%-19.99%N/AN/A
BNL
Broadstone Net Lease
$17.72
+2.4%
6.21%$1.10192.98%N/A1N/A
SB
Safe Bulkers
$3.18
+0.9%
6.29%$0.2016.39%N/A1N/A
SRC
Spirit Realty Capital
$42.18
+0.6%
6.28%$2.65173.20%1.34%2N/A
KSS
Kohl's
$31.99
+0.7%
6.25%$2.0056.66%-9.29%1N/A
LTC
LTC Properties
$37.30
+2.2%
6.11%$2.28123.24%7.72%N/A2/16/2023
TRP
TC Energy
$43.19
+0.9%
6.16%$2.6682.10%6.56%N/AN/A
AROC
Archrock
$9.42
+0.4%
6.16%$0.58134.88%9.38%N/AN/A
CLDT
Chatham Lodging Trust
$13.78
+1.2%
6.10%$0.84190.91%-62.43%N/AN/A
PSTL
Postal Realty Trust
$15.30
+0.2%
6.14%$0.94723.08%87.65%3N/A
AHH
Armada Hoffler Properties
$12.37
-0.1%
6.14%$0.76200.00%-5.01%2N/A
MATV
Mativ
$26.30
+0.8%
6.08%$1.6096.39%N/AN/AN/A
JHG
Janus Henderson Group
$25.65
-0.1%
6.08%$1.5671.89%2.48%2N/A
KMI
Kinder Morgan
$18.61
+0.9%
5.96%$1.1196.52%5.09%51/30/2023
DOC
Physicians Realty Trust
$15.60
+1.2%
5.90%$0.92484.21%N/AN/AN/A
TEF
Telefónica
$3.81
-1.0%
6.04%$0.2371.88%N/AN/AN/A
NWBI
Northwest Bancshares
$13.42
+0.1%
5.96%$0.8069.57%3.57%N/A2/1/2023
HR
Healthcare Realty Trust
$21.17
+0.3%
5.86%$1.24-826.67%1.10%N/AN/A
NWL
Newell Brands
$15.82
+0.4%
5.82%$0.9256.44%N/AN/AN/A
NWL
Newell Brands
$15.82
+0.4%
5.82%$0.9256.44%N/AN/AN/A
BCE
BCE
$46.90
+0.9%
5.76%$2.7098.90%8.24%N/AN/A
CM
Canadian Imperial Bank of Commerce
$44.11
+1.1%
5.74%$2.5349.32%5.54%N/AN/A
BNS
Bank of Nova Scotia
C$53.39
+1.9%
5.69%$3.0448.18%5.07%N/AN/A
PETS
PetMed Express
$21.15
+2.1%
5.67%$1.20122.45%3.57%N/AN/A
CRWS
Crown Crafts
$5.53
flat
5.79%$0.3239.02%-17.51%N/AN/A
BBD
Banco Bradesco
$2.80
+0.7%
5.71%$0.1627.59%N/AN/A2/2/2023
NTB
Bank of N.T. Butterfield & Son
$30.64
+0.3%
5.74%$1.7636.07%N/AN/AN/A
SPG
Simon Property Group
$126.33
+0.9%
5.70%$7.20109.76%-5.97%2N/A
XRX
Xerox
$17.17
-1.5%
5.82%$1.0054.05%N/AN/AN/A
MED
Medifast
$114.78
0.0%
5.72%$6.5649.47%24.74%2N/A
BFS
Saul Centers
$41.60
+0.3%
5.67%$2.36143.03%3.35%2N/A
NSA
National Storage Affiliates Trust
$39.65
+2.5%
5.55%$2.20305.56%19.18%8N/A
CTRE
CareTrust REIT
$19.85
+2.4%
5.54%$1.10115.79%6.92%8N/A
TDS
Telephone and Data Systems
$13.00
+1.6%
5.54%$0.72342.86%2.94%48N/A
CLPR
Clipper Realty
$6.82
+0.3%
5.57%$0.38-92.68%N/AN/AN/A
CRGY
Crescent Energy
$12.37
+1.1%
5.50%$0.68N/AN/AN/AN/A
KRC
Kilroy Realty
$39.13
+0.2%
5.52%$2.16119.34%3.54%7N/A
APLE
Apple Hospitality REIT
$17.46
+0.5%
5.50%$0.96105.49%-14.12%11/30/2023
KW
Kennedy-Wilson
$17.36
-0.2%
5.53%$0.9624.18%4.14%N/AN/A
HMC
Honda Motor
$24.27
+0.7%
5.48%$1.3336.24%N/AN/AN/A
PINE
Alpine Income Property Trust
$20.32
+1.8%
5.41%$1.10-785.71%N/A3N/A
BXP
Boston Properties
$70.04
-1.5%
5.60%$3.92180.65%0.78%N/AN/A
PBA
Pembina Pipeline
$35.85
+1.2%
5.44%$1.9591.98%3.22%N/AN/A
BGS
B&G Foods
$13.39
-3.4%
5.68%$0.7659.38%-5.27%N/AN/A
LNC
Lincoln National
$33.10
+0.9%
5.44%$1.8018.61%6.03%N/AN/A
YY
JOYY
$38.49
+3.8%
5.27%$2.0349.88%N/AN/AN/A
CCOI
Cogent Communications
$68.05
+1.4%
5.38%$3.66240.79%13.37%10N/A
SCS
Steelcase
$7.36
+0.4%
5.43%$0.4063.49%-5.47%N/AN/A
T
AT&T
$20.00
-2.1%
5.55%$1.1143.02%-18.49%N/AN/A
OKE
ONEOK
$69.54
+0.7%
5.38%$3.7478.57%1.94%11/27/2023
WMB
Williams Companies
$31.43
+0.1%
5.41%$1.7093.41%3.80%6N/A
FTAI
FTAI Aviation
$22.36
+0.7%
5.37%$1.2051.95%-0.76%N/AN/A
UBA
Urstadt Biddle Properties
$18.69
+0.5%
5.35%$1.00149.25%-4.50%2N/A
GLPI
Gaming and Leisure Properties
$52.89
+0.9%
5.33%$2.82100.36%0.78%2N/A
BSAC
Banco Santander-Chile
$16.20
+2.3%
5.25%$0.8541.87%N/A2N/A
RCII
Rent-A-Center
$25.62
+0.9%
5.31%$1.3634.69%36.06%N/AN/A
RMR
The RMR Group
$29.84
-0.2%
5.36%$1.6070.18%3.38%1N/A
MDC
M.D.C.
$38.10
+1.8%
5.25%$2.0061.35%21.64%N/A2/7/2023
MC
Moelis & Company
$45.64
+1.2%
5.26%$2.4085.41%-9.61%N/AN/A
UVE
Universal Insurance
$12.12
+0.5%
5.28%$0.6441.29%N/AN/AN/A
WBA
Walgreens Boots Alliance
$36.50
+0.6%
5.26%$1.9239.67%2.18%47N/A
PEBO
Peoples Bancorp
$28.91
+0.5%
5.26%$1.5241.76%4.35%72/3/2023
MMM
3M
$113.55
+0.5%
5.25%$5.9654.88%1.14%65N/A
DAC
Danaos
$57.24
flat
5.24%$3.0012.08%N/A1N/A
FMNB
Farmers National Banc
$13.18
+1.5%
5.16%$0.6834.34%19.59%7N/A
MAC
Macerich
$13.27
+1.9%
5.12%$0.68-3,400.00%-40.88%1N/A
JXN
Jackson Financial
$43.47
+2.8%
5.06%$2.202.82%N/AN/AN/A
SBGI
Sinclair Broadcast Group
$20.39
+4.8%
4.90%$1.0022.22%7.72%1N/A
GEL
Genesis Energy
$11.85
+1.6%
5.06%$0.6069.77%-35.15%N/A1/30/2023
LYB
LyondellBasell Industries
$94.86
+2.0%
5.02%$4.7642.58%33.62%11N/A
RPT
RPT Realty
$10.25
+0.8%
5.07%$0.52866.67%-16.08%1N/A
STOR
STORE Capital
$32.15
0.0%
5.10%$1.64136.67%-4.62%1N/A
IP
International Paper
$37.23
+2.4%
4.97%$1.8564.91%-2.77%N/A2/16/2023
PFC
Premier Financial
$24.22
+2.0%
4.95%$1.2037.04%N/A112/9/2023
LEG
Leggett & Platt
$35.32
+0.9%
4.98%$1.7681.11%3.27%51N/A
WPC
W. P. Carey
$85.13
+0.6%
5.00%$4.26156.62%0.81%25N/A
GCMG
Grosvenor Capital Management
$8.87
+1.2%
4.96%$0.4484.62%N/AN/AN/A
PGRE
Paramount Group
$6.19
+0.3%
5.01%$0.31-775.00%-8.15%1N/A
LAZ
Lazard
$40.69
+1.9%
4.92%$2.0054.95%-6.19%14N/A
KBAL
Kimball International
$7.15
-0.7%
5.03%$0.3646.15%1.92%N/AN/A
MFC
Manulife Financial
$19.93
+2.4%
4.87%$0.9735.40%10.82%N/AN/A
BRT
BRT Apartments
$20.11
+0.3%
4.97%$1.0035.09%5.27%2N/A
TSE
Trinseo
$26.76
+3.8%
4.78%$1.2848.12%-7.17%N/AN/A
DEI
Douglas Emmett
$15.47
+1.0%
4.91%$0.76146.15%-0.95%N/AN/A
FIBK
First Interstate BancSystem
$37.71
-1.0%
4.99%$1.8843.42%11.09%10N/A
TU
TELUS
$21.42
+0.7%
4.90%$1.0588.24%7.18%N/AN/A
INTC
Intel
$30.09
+1.3%
4.85%$1.4660.58%5.03%8N/A
PM
Philip Morris International
$104.32
+0.9%
4.87%$5.0878.40%2.94%14N/A
CUZ
Cousins Properties
$26.26
+0.4%
4.87%$1.28213.33%3.34%5N/A
AIRC
Apartment Income REIT
$37.45
+1.2%
4.81%$1.8029.85%N/AN/AN/A
FISI
Financial Institutions
$24.06
+0.9%
4.82%$1.1632.95%5.07%12N/A
DOW
DOW
$58.12
+0.4%
4.82%$2.8053.03%10.06%N/AN/A
GTY
Getty Realty
$35.89
+0.5%
4.79%$1.72137.60%5.34%10N/A
CBRL
Cracker Barrel Old Country Store
$109.01
+0.9%
4.77%$5.2072.52%-13.91%N/AN/A
HMST
HomeStreet
$28.92
-0.6%
4.84%$1.4032.56%N/A2N/A
DTM
DT Midstream
$53.65
+0.9%
4.77%$2.5667.02%N/AN/AN/A
AKR
Acadia Realty Trust
$15.16
+1.1%
4.75%$0.72800.00%-13.95%13/30/2023
FCPT
Four Corners Property Trust
$28.53
+0.7%
4.77%$1.36116.24%4.64%6N/A
SGC
Superior Group of Companies
$11.69
flat
4.79%$0.5638.89%10.52%2N/A
WASH
Washington Trust Bancorp
$42.08
-11.2%
5.32%$2.2447.36%2.91%12N/A
BCH
Banco de Chile
$21.56
+0.1%
4.78%$1.0343.10%N/A1N/A
CZNC
Citizens & Northern
$23.18
-1.0%
4.83%$1.1255.45%-1.72%N/AN/A
UMPQ
Umpqua
$17.48
-0.9%
4.81%$0.8430.55%N/AN/AN/A
JRSH
Jerash Holdings (US)
$4.22
+0.5%
4.74%$0.2020.00%N/AN/AN/A
HHR
HeadHunter Group
$15.03
flat
4.72%$0.7127.20%N/A3N/A
UMH
UMH Properties
$17.07
+1.0%
4.69%$0.80470.59%3.57%32/14/2023
CIXX
CI Financial
$11.42
-0.7%
4.73%$0.5431.21%N/AN/A3/30/2023
PRU
Prudential Financial
$102.83
+1.3%
4.67%$4.8037.50%6.27%14N/A
WSR
Whitestone REIT
$10.21
+0.7%
4.70%$0.48111.63%-25.05%22/1/2023
AAT
American Assets Trust
$27.28
+0.7%
4.69%$1.28148.84%3.94%2N/A
LAMR
Lamar Advertising
$104.21
+2.5%
4.61%$4.8086.02%9.20%2N/A
IRM
Iron Mountain
$53.63
+2.0%
4.61%$2.47115.96%0.31%N/AN/A
PNW
Pinnacle West Capital
$74.02
+0.4%
4.67%$3.4675.22%4.11%111/31/2023
SKT
Tanger Factory Outlet Centers
$18.97
+1.1%
4.64%$0.88154.39%-11.37%11/30/2023
CVI
CVR Energy
$35.50
+4.0%
4.51%$1.6047.90%59.17%N/AN/A
VIRT
Virtu Financial
$19.26
-6.4%
4.98%$0.9632.76%N/AN/AN/A
IBM
International Business Machines
$134.45
-4.7%
4.91%$6.6065.80%0.82%29N/A
F
Ford Motor
$12.92
+1.0%
4.64%$0.6034.09%-5.90%1N/A
CMRE
Costamare
$9.98
+1.6%
4.61%$0.4612.57%33.89%N/AN/A
SU
Suncor Energy
$34.60
+4.2%
4.48%$1.5530.10%4.69%N/AN/A
NNN
National Retail Properties
$47.31
+0.3%
4.65%$2.20112.24%2.09%331/30/2023
LCNB
LCNB
$18.05
-0.1%
4.65%$0.8446.41%5.49%52/28/2023
PHG
Koninklijke Philips
$16.89
+0.7%
4.62%$0.7850.00%N/AN/AN/A
JBGS
JBG SMITH Properties
$19.45
+0.6%
4.63%$0.90-257.14%N/AN/AN/A
CODI
Compass Diversified
$21.45
-0.4%
4.66%$1.0035.59%-11.45%N/AN/A
CPF
Central Pacific Financial
$21.82
-2.6%
4.77%$1.0439.54%4.94%22/27/2023
LSI
Life Storage
$105.00
+1.4%
4.57%$4.80101.27%15.98%4N/A
VICI
VICI Properties
$33.98
+0.7%
4.59%$1.5661.42%8.63%4N/A
ETD
Ethan Allen Interiors
$26.60
-4.4%
4.81%$1.2828.96%N/AN/A2/6/2023
WHR
Whirlpool
$150.07
-1.3%
4.66%$7.0042.27%13.80%12N/A
HOPE
Hope Bancorp
$12.40
+1.3%
4.52%$0.5630.43%N/AN/A2/1/2023
BRX
Brixmor Property Group
$22.75
+0.3%
4.57%$1.04114.29%-4.50%2N/A
GPS
GAP
$13.41
+2.3%
4.47%$0.6057.69%-14.80%1N/A
KRG
Kite Realty Group Trust
$21.03
+0.2%
4.56%$0.96-685.71%-11.85%2N/A
ALEX
Alexander & Baldwin
$19.26
-0.1%
4.57%$0.88244.44%6.35%2N/A
FLIC
First of Long Island
$18.14
-1.9%
4.63%$0.8442.64%5.42%26N/A
DLR
Digital Realty Trust
$109.31
+1.9%
4.46%$4.88358.82%4.15%18N/A
TX
Ternium
$40.54
+2.2%
4.44%$1.8034.42%N/AN/AN/A
ARGO
Argo Group International
$27.37
flat
4.53%$1.2431.23%N/AN/AN/A
ARGO
Argo Group International
$27.37
flat
4.53%$1.2431.23%N/AN/AN/A
ARGO
Argo Group International
$27.37
flat
4.53%$1.2431.23%N/AN/AN/A
EPRT
Essential Properties Realty Trust
$24.67
+1.4%
4.46%$1.10111.11%6.90%4N/A
CUBE
CubeSmart
$43.84
+1.0%
4.47%$1.96150.77%11.33%13N/A
CSR
Centerspace
$65.41
+1.2%
4.46%$2.92-168.79%N/AN/AN/A
STX
Seagate Technology
$69.01
+9.8%
4.06%$2.8056.45%3.30%N/AN/A
NWE
NorthWestern
$56.65
+0.8%
4.45%$2.5269.23%3.09%18N/A
NWE
NorthWestern
$56.65
+0.8%
4.45%$2.5269.23%3.09%18N/A
NWE
NorthWestern
$56.65
+0.8%
4.45%$2.5269.23%3.09%18N/A
ABEV
Ambev
$2.68
flat
4.48%$0.1263.16%N/AN/AN/A
FRO
Frontline
$13.37
-0.2%
4.49%$0.6017.44%14.47%N/AN/A
SBSW
Sibanye Stillwater
$11.05
-1.1%
4.52%$0.5024.27%N/AN/AN/A
KEY
KeyCorp
$18.73
+2.1%
4.38%$0.8235.50%3.62%112/27/2023
ORAN
Orange
$10.46
-0.7%
4.49%$0.4737.01%N/AN/AN/A
NEXA
Nexa Resources
$7.45
+0.7%
4.43%$0.3322.92%-10.44%1N/A
O
Realty Income
$67.97
+1.0%
4.38%$2.98209.86%3.00%291/31/2023
LXP
LXP Industrial Trust
$11.46
+1.6%
4.36%$0.501,666.67%5.55%3N/A
ONL
Orion Office REIT
$9.09
+0.8%
4.40%$0.40-17.02%N/AN/AN/A
CWEN
Clearway Energy
$33.51
+1.1%
4.39%$1.47113.95%21.31%3N/A
PEAK
Healthpeak Properties
$27.29
+0.8%
4.40%$1.20206.90%N/AN/AN/A
CBFV
CB Financial Services
$21.60
-0.8%
4.44%$0.9632.65%N/AN/AN/A
PAX
Patria Investments
$15.50
+0.6%
4.39%$0.68165.86%N/AN/AN/A
NEP
NextEra Energy Partners
$73.39
+2.2%
4.29%$3.1592.38%14.97%82/3/2023
HASI
Hannon Armstrong Sustainable Infrastructure Capital
$34.35
+0.6%
4.37%$1.5061.98%3.83%4N/A
KT
KT
$14.49
-0.8%
4.42%$0.6428.96%N/A2N/A
PARA
Paramount Global
$22.41
+2.1%
4.28%$0.9620.43%N/AN/AN/A
HAFC
Hanmi Financial
$23.05
+0.7%
4.34%$1.0032.26%-0.70%2N/A
BEP
Brookfield Renewable Partners
$29.29
+0.1%
4.37%$1.28426.67%-2.32%1N/A
EIX
Edison International
$68.37
+1.2%
4.31%$2.9557.62%4.66%19N/A
HAS
Hasbro
$63.78
-0.5%
4.39%$2.8046.59%0.97%181/31/2023
MSBI
Midland States Bancorp
$26.69
+0.4%
4.35%$1.1631.78%6.14%6N/A
PPBI
Pacific Premier Bancorp
$30.31
+0.1%
4.35%$1.3243.28%14.47%N/AN/A
PHI
PLDT
$27.00
-2.6%
4.44%$1.2046.51%N/AN/AN/A
AVA
Avista
$40.60
-0.5%
4.33%$1.7671.54%4.33%20N/A
DOUG
Douglas Elliman
$4.72
+1.7%
4.24%$0.2047.62%N/AN/AN/A
SLF
Sun Life Financial
$49.87
+1.7%
4.23%$2.1141.37%10.50%N/AN/A
CCI
Crown Castle
$148.13
+1.8%
4.23%$6.26172.93%9.31%8N/A
PFS
Provident Financial Services
$22.39
+0.3%
4.29%$0.9633.45%-5.01%N/AN/A
BSRR
Sierra Bancorp
$21.41
+0.1%
4.30%$0.9231.94%7.53%101/30/2023
CHCT
Community Healthcare Trust
$41.84
+1.1%
4.25%$1.78152.14%2.37%7N/A
METC
Ramaco Resources
$10.32
-1.6%
4.36%$0.4527.11%N/AN/A2/28/2023
CRBG
Corebridge Financial
$21.74
+1.1%
4.23%$0.92N/AN/AN/AN/A
D
Dominion Energy
$62.58
+0.4%
4.27%$2.6757.79%-10.06%1N/A
OPBK
OP Bancorp
$11.55
+2.9%
4.16%$0.4822.86%30.06%3N/A
HNI
HNI
$30.29
+0.8%
4.23%$1.2869.57%1.63%12N/A
KRNY
Kearny Financial
$9.13
-13.1%
4.82%$0.4448.35%20.74%N/AN/A
RMAX
RE/MAX
$22.32
+3.3%
4.12%$0.9240.35%3.08%N/AN/A
TFC
Truist Financial
$48.86
+0.2%
4.26%$2.0868.65%N/A12/9/2023
OGE
OGE Energy
$39.23
+0.5%
4.23%$1.6676.15%3.08%17N/A
CNQ
Canadian Natural Resources
$60.85
+2.1%
4.16%$2.5337.26%46.11%N/AN/A
BUSE
First Busey
$22.53
-0.5%
4.26%$0.9634.78%3.08%1N/A
LBC
Luther Burbank
$11.36
+0.2%
4.23%$0.4853.33%27.79%N/AN/A
ALE
ALLETE
$61.17
-0.7%
4.25%$2.6064.36%3.43%12N/A
NRG
NRG Energy
$33.49
+1.0%
4.18%$1.4024.52%126.80%41/31/2023
TD
Toronto-Dominion Bank
$68.12
+1.2%
4.15%$2.8339.97%7.16%N/AN/A
HBAN
Huntington Bancshares
$14.92
+1.1%
4.16%$0.6239.74%2.25%N/A3/17/2023
BBY
Best Buy
$83.95
-0.1%
4.19%$3.5252.46%20.74%19N/A
SMG
Scotts Miracle-Gro
$60.58
-4.1%
4.36%$2.6458.67%5.32%N/A2/23/2023
AGR
Avangrid
$42.19
+0.4%
4.17%$1.7672.43%N/AN/AN/A
CPLP
Capital Product Partners
$14.51
+1.2%
4.14%$0.6013.95%-21.90%1N/A
IVZ
Invesco
$18.47
+2.5%
4.06%$0.7537.31%-15.87%22/15/2023
PLYM
Plymouth Industrial REIT
$21.70
+2.8%
4.06%$0.88-325.93%-16.29%2N/A
FNF
Fidelity National Financial
$43.75
+1.1%
4.11%$1.8032.49%12.00%11N/A
KTB
Kontoor Brands
$47.10
+2.0%
4.08%$1.9241.11%18.42%2N/A
AMCR
Amcor
$11.83
+0.4%
4.14%$0.4959.76%27.10%40N/A
KIM
Kimco Realty
$22.12
+0.1%
4.16%$0.92161.40%-9.14%2N/A
STAG
STAG Industrial
$35.52
+1.2%
4.11%$1.46189.61%0.69%51/30/2023
UE
Urban Edge Properties
$15.57
+1.1%
4.11%$0.64142.22%-10.07%1N/A
HBNC
Horizon Bancorp
$14.69
-5.0%
4.36%$0.6431.37%11.05%12N/A
HTBK
Heritage Commerce
$12.43
-1.0%
4.18%$0.5237.14%2.70%N/AN/A
BMA
Banco Macro
$22.61
-0.6%
4.16%$0.9435.34%N/AN/AN/A
JWN
Nordstrom
$18.43
flat
4.12%$0.7632.34%-19.92%N/AN/A
TROW
T. Rowe Price Group
$114.58
-1.8%
4.19%$4.8062.26%16.45%37N/A
VTRS
Viatris
$11.64
flat
4.12%$0.4872.73%N/AN/AN/A
BEPC
Brookfield Renewable
$31.05
-0.3%
4.12%$1.28-474.07%N/A1N/A
NTST
NETSTREIT
$19.71
+1.1%
4.06%$0.80500.00%N/AN/AN/A
FHB
First Hawaiian
$25.44
+0.0%
4.09%$1.0445.41%N/AN/AN/A
BMO
Bank of Montreal
$101.49
+1.8%
4.02%$4.0839.12%0.33%11/27/2023
DCP
DCP Midstream
$42.02
-0.1%
4.09%$1.7237.72%-19.30%12/2/2023
FTS
Fortis
$41.26
-0.5%
4.10%$1.6973.16%-3.41%N/A2/14/2023
HY
Hyster-Yale Materials Handling
$31.84
+0.5%
4.05%$1.2968.62%0.72%N/AN/A
CAC
Camden National
$41.12
-0.3%
4.09%$1.6837.00%9.61%2N/A
CRK
Comstock Resources
$12.32
+0.3%
4.06%$0.5013.51%N/AN/AN/A
ESS
Essex Property Trust
$217.59
+0.4%
4.04%$8.80139.46%4.10%29N/A
SR
Spire
$71.06
flat
4.05%$2.8866.67%4.96%19N/A
SO
Southern
$67.52
+0.4%
4.03%$2.7266.67%3.15%212/17/2023
SOI
Solaris Oilfield Infrastructure
$10.37
-0.6%
4.05%$0.4220.69%1.22%N/AN/A
BRKL
Brookline Bancorp
$12.67
-6.0%
4.26%$0.5433.13%5.73%2N/A
BIP
Brookfield Infrastructure Partners
$35.94
+0.3%
4.01%$1.44144.00%6.53%N/AN/A
AAP
Advance Auto Parts
$147.62
-1.0%
4.06%$6.0042.95%192.40%3N/A
EQR
Equity Residential
$62.23
+0.1%
4.02%$2.50141.24%3.27%1N/A
MDRR
Medalist Diversified REIT
$0.99
-1.0%
4.05%$0.04-17.39%-57.47%N/AN/A
COLB
Columbia Banking System
$29.72
-0.7%
4.04%$1.2032.35%-24.61%N/A2/3/2023
KHC
Kraft Heinz
$39.66
-0.7%
4.03%$1.6055.17%N/AN/AN/A
ABBV
AbbVie
$147.40
-0.3%
4.02%$5.9251.30%9.16%51N/A
NEM
Newmont
$54.13
-1.8%
4.06%$2.2093.22%15.17%N/AN/A
SASR
Sandy Spring Bancorp
$33.09
-4.1%
4.11%$1.3633.92%4.85%12N/A
MFIN
Medallion Financial
$7.94
-2.6%
4.03%$0.3215.76%N/A1N/A
IBCP
Independent Bank
$21.64
-6.1%
4.07%$0.8831.65%6.92%8N/A

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.

What is a dividend yield?

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%)

What are high-yield dividend stocks?

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.

Why Invest in High-Yield Dividend Stocks?

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.

What is a Dividend Reinvestment Plan (DRIP)?

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.

Do High-Yield Dividend Stocks Restrict Growth?

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.

Some Final Thoughts on High-Yield Dividend Stocks

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.