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ALERT

Railroad Monopoly Replaces 2016's Top Performer on the Best Dividend Stocks List

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Dividend yield is one of the main factors to consider when investing in dividend-paying stocks. Watch out for “dividend traps”, however, because stocks having a dividend yield of 10% and above are usually very risky investments.

If you’re looking to invest in high dividend yielding stocks, you may also be interested in the highest dividend yielding exchange-traded funds. These funds offer a diversified basket of high yielding stock holdings.

Whereas, if you’re interested in investing in individual high dividend stocks, the table below lists them all:

High Dividend Stocks By Yield

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Stock Symbol Company Name DARS™ Rating Dividend Yield Closing Price Annual Dividend Ex-Div Date Pay Date
PRA ProAssurance Corporation 31.45% $59.65 $18.76 12/21/16 01/09/17
MEMP Memorial Production Partners LP 22.64% $0.53 $0.12 08/03/16 08/12/16
EQR Equity Residential 19.08% $62.90 $12.00 09/22/16 10/14/16
RSO Resource Capital 18.58% $9.04 $1.68 09/28/16 10/28/16
PER Sandridge Permian Trust 17.75% $3.02 $0.54 11/08/16 11/25/16
SDR SandRidge Mississippian Trust II 16.69% $1.39 $0.23 11/08/16 11/25/16
TICC TICC Capital Corp 16.45% $7.05 $1.16 12/14/16 12/30/16
SSW Seaspan 15.82% $9.48 $1.50 10/18/16 10/31/16
SDT SandRidge Mississippian Trust 15.71% $1.38 $0.22 11/08/16 11/25/16
CHKR Chesapeake Granite Wash Trust 15.24% $2.25 $0.34 11/17/16 12/01/16
STON StoneMor Partners L.P. 15.17% $8.70 $1.32 11/03/16 11/14/16
KCAP Kohlberg Capital 14.63% $4.10 $0.60 10/12/16 10/27/16
PNNT Pennantpark Investment Corp 14.49% $7.73 $1.12 12/20/16 01/03/17
NYMT New York Mortgage Trust Inc 13.89% $6.91 $0.96 09/22/16 10/28/16
SUN Sunoco LP 13.58% $24.31 $3.30 11/03/16 11/15/16
FII Federated Investors 13.53% $29.56 $4.00 11/04/16 11/15/16
JRVR James River Group Holdings Ltd 13.51% $39.98 $5.40 12/14/16 12/29/16
VOC VOC Energy Trust 12.90% $3.10 $0.40 10/27/16 11/14/16
FSC Fifth Street Finance 12.88% $5.59 $0.72 12/13/16 12/30/16
IIIN Insteel Industries 12.80% $39.07 $5.00 12/12/16 01/06/17
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High yields can be risky. Check out our hand-picked list of the Best Dividend Stocks.

The Case for High Yield Dividend Stocks

One of the most compelling cases for dividend investing, is that it provides a significant source of income for investors, while at the same time features attractive long-term returns. Typically, stocks that pay dividends are larger, more established companies. And while these firms have the ability to either continue or increase payouts, they do not always feature the highest dividend yield.

Since much of the focus of this strategy is centered around yield, investors sometimes put too much weight towards this one metric. Sometimes, the highest yielding stocks are “too good to be true”. While sifting through this High Yield Dividend Stocks list, be sure to avoid this dividend value trap.

Screening High Yield Stocks

When using this page, be sure to base your screen on multiple metrics before making any investment decisions. In addition to yield, we encourage investors to use both objective and subjective factors as their investment criteria. Some of these factors include:

  • Market Capitalization: Small and micro cap companies tend to exhibit significantly higher volatility than their large cap counterparts. A simple screen by market cap can help avoid some of the smaller, more risky high yield options.
  • Earnings Reports: Each quarter, companies post their latest results. These financial reports are key, since they highlight how the company has been performing.
  • Guidance: Earnings guidance is given by companies to let investors know what their expectations are about future earnings, revenues, and the overall health of the business. Even if a company reports better than expected past results, the guidance given during that quarter may indicate a big change for future quarters.
  • P/E Ratio: While this may be an obvious choice for investors, we can’t stress enough how important this indicator can be. A stock with a sky high P/E ratio, or one that is significantly higher than its peers, should certainly be scrutinized.
  • Payout Ratio: Dividend payout ratios should never be above 100%, which indicates a company is paying out more than it earns and will likely not be able to sustain its dividend policy.
  • Dividend Trends and Growth: Another obvious indicator, dividend trends are crucial for investors to follow. If a company suddenly announces a decrease in dividends, this should certainly raise a red flag. Conversely, if a company has been steadily increasing dividends for some time, this is obviously a good sign.
  • Industry Trends: This is a bit of a tough one to follow, but nonetheless it’s important for investors to stay on top of not only their investments’ business, but also those of their competition and the overall industry.

While using these screens, investors will likely find that certain sectors feature companies that do, in fact, offer both high and sustainable yields. Be sure to look out the 4 Dividend Friendly Industries, to learn more. As always, we encourage investors to take the extra step and dive deep under the hood of these high yielding companies.

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