BEST 20 DIVIDEND PAYING STOCKS
Table of Contents
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.
- They pay monthly or quarterly dividends;
- Have a dividend yield of more than 4%;
- Have strong price upside potential;
- Have a history of strong dividend growth, especially in a crisis;
- 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;
- 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.
Please stay inside and stay safe. We’ll get through this together, and we’ll reach our goal of becoming debt-free.
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.
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Brice