The 2024 trading year has watched major market averages notch new all-time highs, but some investors are still looking for the security of dividends to balance their portfolios. To this end, Seeking Alpha has constructed a top 10 list of high-yielding dividend stocks that investors can examine.
The criteria used were stocks yielding above 6% with a Quant Rating of Strong Buy or Buy. See below the top listed dividend yielding stocks.
Highest Yielding Dividend Stocks
No. 10: NewLake Capital Partners, Inc. (OTCQX:NLCP), dividend yield of 9.78%.
No. 9: FLEX LNG Ltd. (NYSE:FLNG), dividend yield of 10.01%.
No. 8: PennantPark Floating Rate Capital (PFLT), dividend yield of 10.38%.
No. 7: DHT Holdings (NYSE:DHT), dividend yield of 10.44%.
No. 6: Grupo Financiero Banorte, S.A.B. de C.V. (OTCQX:GBOOY) 10.63, dividend yield of 10.63%.
No. 5: Nordic American Tankers Limited (NYSE:NAT), dividend yield of 11.09%.
No. 4: PennantPark Investment Corporation (PNNT), dividend yield of 12.36%.
No. 3: Frontline plc (NYSE:FRO), dividend yield of 13.15%.
No. 2: Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA), dividend yield of 13.72%.
No. 1: Euronav NV (EURN), dividend yield of 18.16%.
Year-to-date price action for the above names: NLCP +0.3%, FLNG +3.1%, PFLT -3.4%, DHT +12.3%, GBOOY -2.8%, NAT +4.5%, PNNT +2.8%, FRO +8.8%, LOMA +3.8%, and EURN +0.2%.
Moreover, for investors that are interested in the broader dividend space they can also look to exchange traded funds which can offer a diversified approach to the segment. See some of Wall Street’s most popular dividend ETFs:
Vanguard Dividend Appreciation ETF (VIG), Vanguard High Dividend Yield Index ETF (VYM), Schwab US Dividend Equity ETF (SCHD), iShares Core Dividend Growth ETF (DGRO), SPDR S&P Dividend ETF (SDY), and iShares Select Dividend ETF (DVY).
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.