Check these out: Top dividend stocks with over 5% yield

Highlights

• Chevron Corporation (NYSE:CVX) has a P/E ratio of 52.51. Its current dividend yield is 5.54%.
• TFS Financial Corporation’s (NASDAQ:TFSL) dividend yield is 5.6%, and annualized dividend is US$1.13.
• Gaming and Leisure Properties, Inc’s (NASDAQ:GLPI) dividend yield is 5.44%The stock grew by over 18% YTD.

Dividend stocks are companies that pay a part of their income to shareholders at regular intervalsDividend-paying companies are often household names, large corporations, reliable, and usually give consistent performance, irrespective of market instabilities.

 Therefore, some investors prefer dividend stocks as they provide an opportunity to multiply the revenue sources and secure a regular incomeDividend payouts also indicate the companies are earning sufficiently to part with a portion of their incomeThese qualities make the dividend stocks attractive to investors, and their bond grows stronger. 

Here, we explore five companies whose current dividend yield is more than 5%. 

Chevron Corporation (NYSE:CVX) 

Chevron is a San Ramon, California-based company and explores, produces, and refines oil-and-gas resourcesThe energy company has a market capitalization of US$190 billion, a P/E ratio of 52.51, and a forward P/E one year of 14.39.

Chevron pays a yearly dividend of US$5.36 with a dividend yield of 5.54%.

In the June quarter of 2021, the company’s revenue and net income were US$36.12 billion and US$3.08 billion, respectivelyIn the corresponding period of 2020, Chevron’s revenue was US$15.93 billion, and net loss was US$8.27 billionIts liquidity reserves were US$7.53 billion. 

The CVX stock gained 15.96% YTD at the closing price of US$95.71 on Sep 1, 2021.

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TFS Financial Corporation (NASDAQ:TFSL)

 

TFSL is a Cleveland, Ohio-based financial company with an interest in real estate loans.

It also provides retail saving deposit servicesThe company went public in 2007.

 

The financial company has a market capitalization of US$5.6 billion, a P/E ratio of 71.25, and a forward P/E one year of 70.50Its annual dividend of US$1.13, with a dividend yield of 5.6%

 

In the June quarter of 2021, its revenue was US$95.39 million compared to US$109.96 million in the same period the previous yearThe net income was US$15.98 million compared to US$26.84 million in the year-ago periodIts liquidity reserves were US$580.1 million. 

 

The stock closed at US$19.74 on Sep 1, 2021TFSL rose about 13% YTD.

 

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Gaming and Leisure Properties, Inc(NASDAQ:GLPI)

 

Gaming and Leisure is a real estate investment trust headquartered in Wyomissing, PennsylvaniaIt leases properties for gaming and leisure facilities.

 

The company has a market capitalization of US$11.78 billion, a P/E ratio of 20.51, and a forward P/E ratio one year of 14.89GLPI’s dividend yield is 5.44%, and the annual dividend is US$2.68.

 

In the June quarter of 2021, its revenue was US$317.76 million against US$261.97 million in the corresponding period of 2020The net income was US$138.2 million compared to US$112.4 million in the year-ago quarterIts liquidity reserves were US$147.6 million as of June 30, 2021.

 

The stock grew by 18.75% YTDIt closed at US$50.04 on Sep 1.

 

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Southern Copper Corporation (NYSE:SCCO) 

Southern Copper is headquartered in Phoenix, Arizona, and deals in mining, smelting, and refining metals like copperSouthern Copper’s market cap is US$48.27 billion, the P/E ratio is 17.3, and the forward P/E one year is 13.28.

This mining company’s dividend yield is 5.75% and pays a yearly dividend of US$3.60.

Southern Copper earned US$2.9 billion in net sales in the June quarter of 2021 compared to US$1.79 billion in the corresponding quarter of the previous year.

The net income was US$932.7 million compared to US$259.5 million in the June quarter of 2020Its liquidity reserves were US$2.4 billion at the end of the June quarter of 2021.

The stock price fell 3.92% YTDIt closed at US$61.73 on Sep 1, 2021.

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AT&T Inc(NYSE:T) 

AT&T is a major American holding company and operates worldwideIt has an interest in the telecommunication, technology, and media industries.

The Dallas, Texas-based company has a market capitalization of US$194 billion and a forward P/E ratio for one year of 8.17Its dividend yield is 7.59%, and the yearly dividend is US$2.08.

AT&T reported revenue of US$44 billion for the June quarter of 2021 compared to US$41 billion in the same quarter of 2020The net income was US$1.57 billion against US$1.28 billion in the previous year’s June quarterIts liquidity reserves were US$11.87 billion as of June 30.

The stock price dropped 5.32% YTDIt closed at US$27.19 on Sep 1, 2021.

Also Read: Five gaming stocks to keep an eye on as industry continues to expand

Bottomline 

Dividend stocks are reputed companies with a long history in the marketTherefore, investors consider them a safe betThey pick these stocks for regular income over a long periodHowever, these companies flourish when the economy is stableExperts forecast robust economic growth after the disruptions caused by the pandemicBut investors must evaluate the stocks carefully before deciding to invest in stocks.