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

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

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 Check these out: Top dividend stocks with over 5% yield
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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 intervals. Dividend-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 income. Dividend payouts also indicate the companies are earning sufficiently to part with a portion of their income. These 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 resources. The 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, respectively. In the corresponding period of 2020, Chevron’s revenue was US$15.93 billion, and net loss was US$8.27 billion. Its 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 services. The 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 70.50. Its 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 year. The net income was US$15.98 million compared to US$26.84 million in the year-ago period. Its liquidity reserves were US$580.1 million. 

 

The stock closed at US$19.74 on Sep 1, 2021. TFSL 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, Pennsylvania. It 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 14.89. GLPI’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 2020. The net income was US$138.2 million compared to US$112.4 million in the year-ago quarter. Its liquidity reserves were US$147.6 million as of June 30, 2021.

 

The stock grew by 18.75% YTD. It 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 copper. Southern 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 2020. Its liquidity reserves were US$2.4 billion at the end of the June quarter of 2021.

The stock price fell 3.92% YTD. It 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 worldwide. It 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 8.17. Its 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 2020. The net income was US$1.57 billion against US$1.28 billion in the previous year’s June quarter. Its liquidity reserves were US$11.87 billion as of June 30.

The stock price dropped 5.32% YTD. It 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 market. Therefore, investors consider them a safe bet. They pick these stocks for regular income over a long period. However, these companies flourish when the economy is stable. Experts forecast robust economic growth after the disruptions caused by the pandemic. But investors must evaluate the stocks carefully before deciding to invest in stocks.

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