Top 10 high-yield dividend stocks under US$50

Summary

• Magellan Midstream’s dividend yield is 8.37%, and the stock price rose 13% in one year.
• Shell Midstream Partners’ stock rose 25%, and the dividend yield is 12.34%.
• Sprague Resources’ annualized dividend is US$2.67, and dividend yield 10.25%.

Investors typically pick dividend stocks for regular income. It is because dividend-paying companies share a portion of their income with shareholders in the form of dividend payouts. Companies, which have been paying dividends for at least 25 years, are commonly referred to as dividend aristocrats. However, many other companies have started paying dividends to shareholders in recent years.

Here, we explore 10 dividend stocks, priced less than US$50, with a high dividend yield.

Shell Midstream Partners, L.P. (NYSE:SHLX) is a US$5.73 billion market capitalization company which is engaged in providing storage and transportation facility to deliver refined products from the Gulf Coast to centers.

Its P/E ratio is 11.39, the dividend yield is 12.34%, and annualized dividend is US$ 1.84.

Its revenue for the March quarter of 2021 was US$139 million, 15% growth YoY and net income for the same period was US$ 151 million, an 82% increase YOY.

SHLX stock rose 25% in one year at the closing price of US$14.65 as of July 6, 2021.

Source: Pixabay

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Delek Logistics Partners, L.P. (NYSE:DKL) is a US$1.85 billion market capitalization oil and gas sector company. It is engaged in pipelines and transportation and wholesale marketing, and providing terminals. Its P/E ratio is 10.11.

DKL’s dividend yield is 8.44%, and its annualized dividend is US$3.68. 

Its revenue was US$152.9 million for March quarter 2021 compared to US$ 163.4 million in 2020 March quarter. Net income for the same period was US$ 36.27 million compared to US$ 18.72 million for the March quarter of the previous year, registering growth of 94% YoY.

Its stock soared 78% in one year at the closing price of US$42.58 on July 6, 2021.

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FS KKR Capital Corp. (NYSE:FSK) is a finance company that provides customized credit solutions to private U.S. companies. Its market capitalization is US$ 6.17 billion and a P/E ratio of 5.37.

The company’s dividend yield is 11.07%, and annualized dividend is US$2.40.

Its revenue was US$ 109 million and net income was US$ 199 million for the March quarter of 2021. Cash and cash equivalent was reported to be US$ 144 million at the end of the same quarter.

Its stock price increased by 54% in one year at the close of US$21.65 on July 6, 2021.

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Magellan Midstream Partners L.P. (NYSE:MMP) is an energy company engaged in operating pipelines and storage terminals. Its market capitalization is US$ 10.9 billion and a P/E ratio of 14.63.

The company’s dividend yield is 8.37%, and annualized dividend is US$4.11.

Its revenue for the March quarter of 2021 was US$661 million, down 18% year over year. Net income for the 221.3 million in March quarter 2021 compared to US$ 287.6 million for the same period a year ago.

MMP share price raked 13% in one year at the closing price of US$ 48.88 on July 6, 2021.

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CrossAmerica Partners LP (NYSE:CAPL) is a US$ 728 million market capitalization company with a P/E ratio of 22.9. It is engaged in the wholesale and retail distribution of motor fuel and related ownership and leasing of real estate.

Its dividend yield is 10.95%, and its annualized dividend is US$2.10.

The company’s revenue was US$657 million, a 68% rise YoY, for the March quarter, 2021. It booked a net loss of US$3.97 million compared to a net income of US$72 million in the same quarter in 2020.

Its stock price rose 45% in one year at the close of US$19.22 on July 6, 2021.

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Sprague Resources LP (NYSE:SRLP) is a US$666.7 billion company. Its P/E ratio is 21.19. SRLP is engaged in purchasing, storing, distributing, selling refined products and natural gas.

Its dividend yield is 10.25%, and its annualized dividend is US$2.67.

The company’s revenue for the March quarter 2021 was US$1.04 billion, an 8% growth YOY, and its net income was US$48.78 million, a 9% increase YoY. 

Its stock price rose 66% in one year at the closing price of US$25.62 on July 6, 2021.

Source: Pixabay.

Ares Commercial Real Estate Corporation (NYSE:ACRE) is a US$689 million finance company that provides commercial real estate loans and related other investments. Its P/E ratio is 9.1.

Its dividend yield is 8.91%, and its annualized dividend is US$1.32.

Its real estate revenue for the March quarter of 2021 was US$2.66 million. The company’s net income was US$15.74 million, compared to a net loss of US$17.26 million in the same quarter the previous year.

Its stock rose 79% in one year at the closing price of US$14.93 on July 6, 2021.

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Phillips 66 Partners LP (NYSE:PSXP) is a US$9 billion Market capitalization company. Its P/E ratio is 18.17. PSXP partners’ revenue comes from fee-based long-term contracts for handling crude oil, natural gas liquids, as well as refined products.

Its dividend yield is 8.65%, and its annualized dividend is US$3.50.

For the March quarter of 2021, its operating revenue and net loss were US$252 million and US$30 million, respectively. Its revenue was US$ 267 million, and net income was US$ 216 million for the corresponding quarter previous year.

Its stock rose 40% in one year at the closing price of US$40.09 on July 6, 2021.

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Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is a real estate investment trust engaged in gaming and related facilities leasing. Its market capitalization is US$10.77 billion and a P/E ratio of 19.43.

GLPI dividend yield is 5.77%, and annualized dividend is US$2.68.

Its revenue comes from the tenants, and its revenue was US$89.4 billion for the March quarter of 2021, a 13% increase YoY. It booked a net loss of US$832 thousand in the March quarter of 2021 compared to US$5 million net income in the same quarter the previous year.

Its stock rose 38% in one year at the closing price of US$46.25 as of July 6, 2021.

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People's United Financial, Inc. (NASDAQ:PBCT) is a US$7.04 billion market capitalization company. Its P/E ratio is 12.18. It provides financial advisory, wealth management, offering brokerage and insurance services to customers.

Its dividend yield is 4.24%, and its annualized dividend is 0.73%.

Its revenue for the March quarter was US$511.6 million and net income was US$141 million. For the same period the previous year, its net income was US$126.9 million.

Its stock grew 52% in one year at the closing price of US$16.75 on July 6.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.