A compelling mid-cap pick from the Oil/Gas/Coal sector is reaffirming its position as a heavyweight in our Best High Dividend Stocks model portfolio. Boasting a stellar 6.95% forward dividend yield – placing it in the top 20% of dividend stocks and well above the industry average of 5.3% – this company is a high-yield contender that dividend investors should watch closely.
However, careful examination is required to avoid potential dividend traps. In addition, the company’s year-to-date return of 22%, which outstrips the S&P 500’s 20% and massively eclipses the industry average of -6%, underscores its robust performance.
At the same time, our pick has managed to beat its benchmark since making it to this portfolio back in May 2023.
The next payout, slated for July 28th, remains steady at $0.268/share.
Our selection criteria focus predominantly on Yield Attractiveness and Dividend Safety, but we also consider Returns Potential and Returns Risk.
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Read on for our comprehensive stock analysis to understand the full potential of this promising investment.
