Best 20 dividend paying stocks

BEST 20 DIVIDEND PAYING STOCKS

 

Best 20 dividend paying stocks guide enables you to go beyond the less-than-stellar 2%-3% dividend yield and catapult your portfolio returns. When the markets are this volatile, what we can do as bystanders is to be anything but powerless. As individuals, we have the power to be nimble in our investment approach, and that’s a great advantage for us.

Our stock selection undergoes the same thoroughness as my more significant counterparts. I have successfully built my retirement investment portfolio with these six criteria.

What we’re looking for are companies that pass our filter.

  1. They pay monthly or quarterly dividends;
  2. Have a dividend yield of more than 4%;
  3. Have strong price upside potential;
  4. Have a history of strong dividend growth, especially in a crisis;
  5. A safe dividend backed by a low payout ratio, as well as a healthy balance sheet and strong sales. A low payout ratio is less than 70% of profits;
  6. Has a share price that’s lagging payout growth.

So without further ado, here’s the list of the best 20 dividend-paying stocks the market has to offer.

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DoubleLine Income Solutions Fund

Stock ticker: DSL

Price: $12.66

Distribution per share: $0.155

Distribution rate: 14.66%

Distribution frequency: Monthly

Category: Bond fund

Where can you buy it: Wealthsimple.com

 

Related article: 5 best investments during a recession.

PIMCO Dynamic Credit and Mortgage Income Fund

Stock ticker: PCI

Price: $16.79

Distribution per share: $0.1741

Distribution rate: 12.44%

Distribution frequency: Monthly

Category: Bond fund

Where can you buy it: Wealthsimple.com

AllianceBernstein Global High Income Fund

Stock ticker: AWF

Price: $9.44

Distribution per share: $0.0656

Distribution rate: 8.33%

Distribution frequency: Monthly

Category: Bond fund

Where can you buy it: Wealthsimple.com

Morgan Stanley Emerging Markets Debt Fund

Stock ticker: MSD

Price: $7.45

Distribution per share: $0.040

Distribution rate: 6.44%

Distribution frequency: Quarterly

Category: Bond fund

Where can you buy it: Wealthsimple.com

Aberdeen Asia-Pacific Income Fund

Stock ticker: FAX

Price: $3.41

Distribution per share: $0.02754

Distribution rate:9.69%

Distribution frequency: Monthly

Category: Bond fund

Where can you buy it: Wealthsimple.com

Western Asset Emerging Markets Debt Fund

Stock ticker: EMD

Price: $10.82

Distribution per share: $0.10

Distribution rate: 11.09%

Distribution frequency: Monthly

Category: Bond fund

Where can you buy it: Wealthsimple.com

TFS Financial

Stock ticker: TFSL

Price: $13.53

Dividend per share: $0.09336

Dividend yield: 8.28%

Dividend frequency: Quarterly

Category: Financial stock

Where can you buy it: Wealthsimple.com

Synovus Financial

Stock ticker: SNV

Price: $16.98

Dividend per share: $0.10995

Dividend yield: 7.77%

Dividend frequency: Quarterly

Category: Financial stock

Where can you buy it: Wealthsimple.com

ONEOK

Stock ticker: OKE

Price: $26.49

Dividend per share: $0.9351

Dividend yield: 14.12%

Dividend frequency: Quarterly

Category: Oil & Natural gas stock

Where can you buy it: Wealthsimple.com

Nuveen AMT-Free Municipal Credit Income Fund

Stock ticker: NVG

Price: $14.45

Distribution per share: $0.066

Distribution rate: 5.44%

Distribution frequency: Monthly

Category: Municipal bond fund

Where can you buy it: Wealthsimple.com

Nuveen Preferred & Income Securities Fund

Stock ticker: JPS

Price: $7.64

Distribution per share: $0.0505

Distribution rate: 7.93%

Distribution frequency: Monthly

Category: Preferred stock fund

Where can you buy it: Wealthsimple.com

Flaherty & Crumrine Dynamic Preferred & Income Fund

Stock ticker: DFP

Price: $22.26

Distribution per share: $0.1430

Distribution rate: 7.71%

Distribution frequency: Monthly

Category: Preferred stock fund

Where can you buy it: Wealthsimple.com

Reaves Utility Income Fund

Stock ticker: UTG

Price: $27.77

Distribution per share: $0.1800

Distribution rate: 7.78%

Distribution frequency: Monthly

Category: Utilities fund

Where can you buy it: Wealthsimple.com

Cohen & Steers Infrastructure Fund

Stock ticker: UTF

Price: $19.55

Distribution per share: $0.1550

Distribution rate: 9.51%

Distribution frequency: Monthly

Category: Infrastructure fund

Where can you buy it: Wealthsimple.com

Guggenheim Taxable Municipal Managed Fund

Stock ticker: GBAB

Price: $22.61

Distribution per share: $0.1257

Distribution rate: 6.67%

Distribution frequency: Monthly

Category: High Yield Municipal bond fund

Where can you buy it: Wealthsimple.com

BlackRock Taxable Municipal Bond Trust Fund

Stock ticker: BBN

Price: $23.00

Distribution per share: 0.1118

Distribution rate: 5.8%

Distribution frequency: Monthly

Category: High Yield Municipal bond fund

Where can you buy it: Wealthsimple.com

Nuveen Municipal High Income Opportunity Fund

Stock ticker: NMZ

Price: $12.51

Distribution per share: $0.0595

Distribution rate: 5.07%

Distribution frequency: Monthly

Category: High Yield Municipal bond fund

Where can you buy it: Wealthsimple.com

Columbia Seligman Premium Tech Growth Fund

Stock ticker: STK

Price: $18.21

Distribution per share: 0.4625

Distribution rate: 10.16%

Distribution frequency: Quarterly

Category: Technology fund

Where can you buy it: Wealthsimple.com

Pfizer Inc

Stock ticker: PFE

Price: $35.44

Dividend per share: $0.36

Dividend yield: 4.06%

Dividend frequency: Quarterly

Category: Pharmaceuticals

Where can you buy it: Wealthsimple.com

BlackRock Enhanced Capital & Income Fund

Stock ticker: CII

Price: $13.42

Distribution per share: $0.0875

Distribution rate: 7.82%

Distribution frequency: Monthly

Category: Option-selling strategy

Where can you buy it: Wealthsimple.com

 

Related article: Stock markets and coronavirus. 3 powerful stocks ready to launch.

 

Thank you for reading my article.

Don’t forget to leave comments.

Brice

savvyborrower.com

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