Investing
4 High-Yield Dividend Stocks Paying 6% and More Investors Always Forget
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24/7 Wall St. Insights
Dividend stocks are a favorite among investors for good reason. They provide a steady income stream and offer a promising avenue for total return. Total return, a comprehensive measure of investment performance, encompasses interest, capital gains, dividends, and distributions realized over time.
For example, if you buy a stock at $20 that pays a 3% dividend, and it goes up to $22 in a year, your total return is 13%. That is, 10% for the increase in stock price and 3% for the dividends paid.
We decided to screen our 24/7 Wall St. blue-chip dividend stock database, looking for companies that yield 5% or more but are always forgotten by growth and income investors. Four stocks hit our screen, and once our readers realize they also have forgotten about them, it might be time to take a closer look.
This company is a mutual fund powerhouse that pays a safe and secure 6.24% dividend. Franklin Resources Inc. (NYSE: BEN) is among the most prominent global money managers. The firm markets mutual funds and institutional separate accounts under the Franklin, Templeton, and Mutual Series brands. At times, 50% of its sales are from outside the United States, an advantage given the maturing U.S. market.
Franklin Resources offers its products and services under the brands of:
The 2023-2024 bull market has proven to be a solid tailwind for the company. While withdrawals from baby boomers may be a concern, the path forward looks solid.
Based in England, this company is the current version of the old Hong Kong Shanghai Banking Corporation and pays investors a rich 6.76% dividend. HSBC Holdings PLC (NYSE: HSBC) provides banking and financial services worldwide.
The company operates through three segments:
This segment serves personal banking and high-net-worth individuals.
The Commercial Banking segment provides:
It serves small and medium-sized enterprises, mid-market enterprises, and corporates.
The Global Banking and Markets segment offers financing, advisory, transaction services, credit, rates, foreign exchange, equities, money markets, securities services, and principal investment activities.
This stock makes a ton of sense now, yielding 6.58% and offering investors the ability to invest in health care. Universal Health Realty Income Trust (NYSE: UHT) is a real estate investment trust that invests in healthcare and human service-related facilities, including acute care hospitals, behavioral healthcare hospitals, specialty facilities, medical/office buildings, free-standing emergency departments, and childcare centers.
The company has investments or commitments in seventy-six properties in twenty-one states.
Universal Health Realty has the second-longest streak of annual dividend increases in the REIT industry. The company has raised its annual dividend payment for 37 consecutive years, and its 0.7% hike in June puts it on pace to mark the 38th consecutive year with an increase in 2024.
With massive institutional ownership and backing, the potential for new home sales to increase is a big positive for this company, which pays a dependable 6.66% dividend. Whirlpool Corp. (NYSE: WHR) manufactures and markets home appliances and related products.
It operates through four segments:
The company’s principal products include:
Whirlpool markets and distributes its products primarily under these brand names:
Goldman Sachs Top Analysts Love 5 Buy-Rated High-Yield Dividend Stocks
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