Again, U.S. News Invested has made their recent recommendations on the highest dividend-paying stocks for those who wish to invest for income. Hope everyone had a great weekend.
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SEPTEMBER 15, 2023 |
U.S. News Invested
Happy Friday, investors! Stocks climb after a strong retail sales report, and the Detroit Three automakers brace for strikes.
Highlights of today's newsletter include our market insights plus these new
articles:
9 Highest Dividend-Paying Stocks
in the S&P 500
There's a truism on Wall Street that the
fastest way for a company to double its dividend yield is to see its share
price cut in half. After all, it's very rare for a company to aggressively raise
their dividend 40% or 50% in a single go, but it's not
uncommon for a dividend payer to see its shares move 40% or 50% downward in the
wake of unfortunate news.
The following stocks all offer the most generous
payouts in the S&P 500 at present. But keep in mind, that's in part because
some have fallen on pretty hard times lately. Furthermore, the yields are based
on past payouts and are no guarantee of future distributions. If you're not
afraid of the risks, however, it's undeniable that these stocks all have
tremendous income potential with yields of between 6.9% and 8.8% at current
pricing:
V.F. Corp. (ticker: VFC). Consumer stock V.F. Corp. is the brand behind
nameplates including The North Face, Timberland, Vans, Eastpak and a host of
others. The company has consistently been paying 30-cent dividends in 2023, but
that's after a significant cut from 51 cents per share previously. The stock
price was significantly cut, too, and is down almost 80% from 2021 highs, but
with earnings projections of $2.36 next fiscal year the dividends seem very sustainable at the new level – meaning there
may be potential here if you can look past the very rocky past of VFC.
Trailing dividend yield: 9.1%
Truist Financial Corp. (TFC). The regional
bank formerly known as BB&T Corp., Truist
could perhaps benefit from another rebranding based on some ugly history
recently. Shares have been nearly cut in half in the wake of the Silicon Valley
Bank collapse earlier this year, and credit rating firm Moody's put the bank on
notice for a potential downgrade to its debt status in August. If you don't
mind the volatility recently, this high-yield financial pick could be on the
upswing in the coming months if its restructuring plan bears fruit.
Trailing dividend yield: 7.3%
Click here to continue reading.
| STOCK | TRAILING DIVIDEND YIELD |
| V.F. Corp. (ticker: VFC) | 9.1% |
| Truist Financial Corp. (TFC) | 7.3% |
| Pioneer Natural Resources Co. (PXD) | 9.8% |
| KeyCorp (KEY) | 7.1% |
| Lincoln National Corp. (LNC) | 7.3% |
| AT&T Inc. (T) | 7.6% |
| Verizon Communications Inc. (VZ) | 7.7% |
| Walgreens Boots Alliance Inc. (WBA) | 8.8% |
| Altria Group Inc. (MO) | 8.6% |
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