Best high yield dividend stocks<\/figcaption><\/figure>\n\n\n\nHigh Yield Dividend Stocks Monthly<\/h2>\n\n\n\n The following is a list of the best monthly high yield dividend stocks.<\/p>\n\n\n\n
#1. AGNC Investment Corp (AGNC)<\/h3>\n\n\n\n AGNC Investment Corp tops the list of our monthly high yield dividend stocks with an 11% dividend yield. The AGNC corporation qualifies for tax benefits and is obligated to transfer 90% of taxable income to investors because it is a Real Estate Investment Trust.<\/p>\n\n\n\n
Therefore, the company ensures its regular 12-cent monthly payout is in line with the tax benefits rule which resulted in a relatively stable dividend. The Corporation invests in mortgage-related securities, not in residential real estate. This is because mortgage-related securities are federal loans backed by government-support firms. The fact that these assets are backed by the federal government lessens the risk associated with them and encourages investors to invest without fear.<\/p>\n\n\n\n
#2. Prospect Capital Corp. (PSEC)<\/h3>\n\n\n\n Prospect Capital Corp. since its IPO in 2004, has made over 75 investments totaling over $18.1 billion. It is a business development company that made capital available to middle-market enterprises and private equity financial sponsors. It gives investors a wide range of options with its 127 firms spread across 39 industries. They have a dividend yield of 8.8% and distribute a monthly dividend of 6 cents per share regularly.<\/p>\n\n\n\n
#3. Main Street Capital Corp. (MAIN)<\/h3>\n\n\n\n The Main Street Capital Corporation is also a company with a monthly high yield dividend. It is also a business development company with $5.7 billion in funds and maintained a strong balance sheet with 184 investments. Main Street Capital invests in the debt of lower middle market companies with yearly revenues ranging from $10 million to $150 million. They have a dividend yield of 6.2% and have paid over $33 per share in dividends during the last 15 years.<\/p>\n\n\n\n
#4. LTC Properties Inc. (LTC)<\/h3>\n\n\n\n The Company LTC Properties Inc is a real estate investment trust (REIT) that owns and manages senior housing and healthcare properties. Although their share went down by 17% during the pandemic in 2020, they currently have a dividend yield of 6.2%. LTC continued to pay its19-cent monthly dividend irrespective of the difficulties it faced during the pandemic.<\/p>\n\n\n\n
#5. Pembina Pipeline Corporation (PBA)<\/h3>\n\n\n\n Pembina Pipeline Corp, an oil and gas infrastructural firm based in Western Canada equally made it to the list of our monthly high yield dividend stocks. With a dividend of 5.3%, Pembina has delivered a tremendous one-two punch to investors in 2023. The company has a surging stock price and a consistent monthly dividend of around 16.5 cents. In March 2023, PBAshares rose to over 23.8 %. The rise was the effect of the increase in the price of oil and gas. Currently, Pembina expects to spend $655 million on capital expenditures in 2023 to extend its pipeline network, with any excess cash going toward share buybacks.\u00a0<\/p>\n\n\n\n
Safest High Yield Dividend Stocks<\/h2>\n\n\n\n There are dozens of high-yield dividend stocks out there but these may not be safe for you. To be sure your investment is secured, we compiled a list of the safest high yield stock that you can delve into. This list was compiled based on the monthly performance of these high-yield dividend stocks.<\/p>\n\n\n\n
Realty Income <\/h3>\n\n\n\n Realty income fortunately is part of the dividend aristocrats index with a dividend growth streak of 27 years. It is one of the safest high-yield dividend stocks you can invest in. Its dividend yield is 4.28% and the company is into real estate. The company has also kept an unbroken record of higher dividends since its inception. With more than 6600 properties, the real estate investment trust leases its properties to over 600 clients spread across 50 industries. Realty Income is considered one of the safest high dividends to invest in because, it focuses on long-term leases, and this resulted in a cash flow stream that is relatively reliable.<\/p>\n\n\n\n
Southern Company (SO)<\/h3>\n\n\n\n Southern Company has been in business for over a century and is one of the leading electricity producers in the United States. With electric utilities in three states and the supply of natural gas utilities in four, the Atlanta-based corporation serves 9 million customers mostly in the Southeastern United States. The company has a dividend yield of 3.83% and a safety score of about 65%. Southern has paid consistent dividends since inception and has increased its payout every year since 2002.<\/p>\n\n\n\n
Verizon (VZ)<\/h3>\n\n\n\n Verizon is a communication-based business wih a dividend of 4.89%, a 15 years growth streak, and a safety score of 87%. The company made it to our list of safest high yield dividend stocks in 2023. The firm’s accomplishment is traced to the billions of dollars and time invested in it. The result is the high ratings the firm receives for its network dependability, speed, and performance.\u00a0<\/p>\n\n\n\n
Verizon should be able to sustain a large customer base as long as it continues to invest in its leading network coverage and architecture. It already has brand awareness, hard to copy network assets, and mission-critical services and this means disrupting its customer base would be nearly difficult but not impossible. Why did we consider Verizon as one of the safest high yield dividend stocks? Because the firm has paid dividends for over 30 years and they had also increased its dividend by 2% every year.<\/p>\n\n\n\n
Washington Trust Bancorp (WASH)<\/h3>\n\n\n\n The Washington Trust Bancorp has a dividend yield of 3.84%, a safety score of 76%, and an 11 years growth streak. Washington Trust Bancorp is America’s oldest community bank, having been founded in 1800. It is a financial company that raises its revenue from lending operations. Washington Trust had smaller loan losses than its peers throughout the Great Financial Crisis of 2007-09 and the 2020 pandemic. The bank has consistently dividends every year since 1992, because of its broad income stream, in addition to a high share of steady fees from industries such as wealth management. <\/p>\n\n\n\n
High Yield Dividend Stocks 2023<\/span><\/h2>\n\n\n\nThe following is our list of the best high-yield dividend stocks in 2023. In computing this list together, we considered the dividend growth rate within the last five years, payment as well as dividend yield, and amount.<\/p>\n\n\n\nCOMPANY NAME<\/td> SYMBOLS<\/td> DIVIDEND YIELD<\/td><\/tr> Altria Group Inc<\/td> MO<\/td> 6.88%<\/td><\/tr> Philip Morris International Inc<\/td> PM<\/td> 5.32%<\/td><\/tr> ONEOK Inc<\/td> OKE<\/td> 5.29%<\/td><\/tr> Northwestern Corp<\/td> NNE<\/td> 4.16%<\/td><\/tr> MMM<\/td> 3M Co<\/td> 4.0%<\/td><\/tr> National Bankshares Inc<\/td> NKSH<\/td> 3.97%<\/td><\/tr> Allete Inc<\/td> ALE<\/td> 3.88%<\/td><\/tr> Valero Energy Corp<\/td> VLO<\/td> 3.86%<\/td><\/tr> Spire Inc<\/td> SR<\/td> 3.81%<\/td><\/tr> Kimberly Clark Co<\/td> KMB<\/td> 3.77%<\/td><\/tr> Principal Financial Group Inc<\/td> PFG<\/td> 3.48%<\/td><\/tr> Hasbro Inc<\/td> HAS<\/td> 3.41%<\/td><\/tr> Merck $ Co Inc<\/td> MRK<\/td> 3.36%<\/td><\/tr> Evans Bancorp Inc<\/td> EVBN<\/td> 3.26%<\/td><\/tr><\/tbody><\/table>best high yield dividend stocks to invest in this 2023<\/figcaption><\/figure>\n\n\n\nIs a high dividend yield good?<\/h2>\n\n\n\n Given that a company is returning such a large portion of its profits to investors, a high dividend yield may not always be a good sign (rather than growing the company.) Since dividends are frequently expected to boost an investment’s total return, the dividend yield along with total return can be a top determining factor.<\/p>\n\n\n\n
Can you live off of dividends?<\/h2>\n\n\n\n Even though you can support yourself off of the dividends from your investments, it might not be the best retirement plan. Instead of chasing a high dividend yield solely for the sake of dividends, you’re usually better off maximizing your portfolio’s total return.<\/p>\n\n\n\n
What is a good dividend yield?<\/h2>\n\n\n\n Your current income needs can be satisfied with a good dividend yield. but not so low as to imply that a company’s dividend is in jeopardy. The range of acceptable dividend yields will typically be between 2% and 5%.<\/p>\n\n\n\n
Is Coca Cola a dividend stock?<\/h2>\n\n\n\n Ever since April 1, 1973, Coca-Cola Consolidated Inc. has distributed quarterly dividends to its stockholders. In comparison to the non-alcoholic beverages industry median dividend yield of 0.0% as of January 1, 2023, Coca-Cola Consolidated Inc had a relative dividend yield of 0.2%.<\/p>\n\n\n\n
Do you pay taxes on dividends?<\/h2>\n\n\n\n Income from dividends is typically taxable. For all dividends over $10 received from a single entity, taxpayers frequently receive a Form 1099-DIV. If a taxpayer received over $1,500 in this income, they must also report it on Schedule B of their federal tax return.<\/p>\n\n\n\n
Is Apple a dividend stock?<\/h2>\n\n\n\n Since June 15, 1987, Apple Inc. has given its shareholders a quarterly dividend. In comparison to the industry median of 0.0% for Phones & Handheld Devices as of January 5, 2023, Apple Inc. had a relative dividend yield of 0.6%. Last year, Apple Inc.’s dividend yield was 0.5%.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n A high-yield dividend investment portfolio takes time to build. It is an investment that grows over time. Therefore investors who desire to accumulate funds through this means must be willing to buy and hold their stock. The buy and hold strategy is a way through which investment portfolios gradually boom with passive income. <\/p>\n\n\n\n
FAQs On High Yield Dividend Stocks<\/span><\/h2>\n\n\n\t\t\n\t\t\t\tIs it smart to invest in high dividend stocks?<\/h2>\t\t\t\t\n\t\t\t\t\t\t
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Yes but it depends on your investment and earning goals. The high yield dividend stocks are considered one of the safest and best investments for investors who desire to earn income on their investment in 2023. They are a good inflation hedge, especially when they expand over time. When compared with\u00a0interest on fixed-income investments, they are tax-advantaged. Additionally, dividend-paying companies are less volatile than stocks that do not pay dividends.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\n\t\t\t\tWhy do some investors prefer high dividend paying stocks?<\/h2>\t\t\t\t\n\t\t\t\t\t\t
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Generally, payouts may be preferred by investors over capital gains since dividends are less risky than prospective future capital gains. If this were the case, investors would place a higher value on high-payout companies, and a high-payout stock would command a higher price.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\n\t\t\t\tHow long do you have to hold a stock to get the dividend?<\/h2>\t\t\t\t\n\t\t\t\t\t\t
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To be eligible for stock dividends, you must buy (or already hold) the stock at least two days before the exact date of record. You are also expected to hold the shares at the close of trade one business day before the ex-date.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\n\t\t\t\tIs it good if a dividend yield is high?<\/h2>\t\t\t\t\n\t\t\t\t\t\t
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A high dividend yield means the company is distributing almost all of its profits to investors instead of plowing it back to grow the business. As a result, it may not always be a favorable sign. <\/p>\n\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/section>\n\t\t\n