Friday, December 15, 2023

Highest Yielding S&P 500 Stocks


Irving, Texas-based Pioneer Natural is yielding an impressive 12.2% despite the stock falling just 2.6% this year. Just know that the dividend likely won't stick around forever. Rival Exxon Mobil (XOM) is looking to buy Pioneer for roughly $65 billion. Exxon Mobil stock yields just 3.8% — a fraction of what Pioneer does.

Pioneer is the only S&P 500 stock paying a double-digit percentage as a dividend. But approaching that level at a 9.4% yield is ailing drugstore Walgreens Boots Alliance. Mostly due to a 43% plunge in the stock price, the company now yields 9.4%. That's certainly an outlier. S&P 500 industry peer CVS Health (CVS), in contrast, yields just 3.4%.


CompanyTickerDividend yieldSector
Pioneer Natural ResourcesPXD12.21%Energy
Walgreens Boots AllianceWBA9.36Consumer Staples
Altria GroupMO9.21Consumer Staples
InvescoIVZ8.27Financials
VerizonVZ6.92Communication Services
Devon EnergyDVN6.5555Energy
Healthpeak PropertiesPEAK6.54Real Estate
WhirlpoolWHR6.476Consumer Discretionary
Kinder MorganKMI6.4571Energy
AT&TT6.45Communication Services
KeyCorpKEY6.34Financials
Boston PropertiesBXP6.32Real Estate
Truist FinancialTFC6.27Financials
Sources: S&P Global Market Intelligence, IBD

Thursday, December 14, 2023

=== Ready Capital (RC) decreases quarterly cash dividend

Previously
  • Forward Dividend & Yield 1.16 (10.11%)
  • Ex-Dividend Date Sep 28, 2023

Ready Capital decreases quarterly cash dividend to $0.30/share from $0.36/share

==New York Mortgage Trust (NYMT) decreases quarterly cash dividend

Previously:
  • Forward Dividend & Yield 1.20 (12.53%)
  • Ex-Dividend Date Sep 20, 2023   
New York Mortgage Trust decreases quarterly cash dividend to $0.20/share from $0.30/share