Dividend paying stocks are some of my favorite investments because of the income. There are numerous high paying stocks. Most dividend stocks pay 2-4%. Today I will give you 3 dividend paying stocks that pay out over 6%.
Before I go any further, I would warn against chasing dividend yields. Often dividend stocks will have more volatility, specifically around dividend payout dates. Also, many investors would be better off finding a lower-paying dividend with a blue-chip company. Not the sexiest investment strategy, but it provides some income and growth.
You will notice that stocks on the list are currently bearish, but there is opportunity for them to swing back. So without any more delay, here is my quick list of three stocks that pay a dividend of 6% or more.
3 High Dividend Stock List
Partners Products Partners LP (NYSE: EPD)
Enterprise Energy Partners LP is a limited partnership which has experienced a downturn in recent weeks. It operates in the oil and natural gas space, and many related stocks are due to falling oil and gas prices. Natural gas prices fell by 15% since the beginning of the year and were reduced by around 30% in the last 12 months.
But EPD that generates incredible cash flows through its operations. No matter what price natural gas is. EPD is to charge producers to pump natural gas nationwide. The firm has sufficient funds to pay its high dividend of 6.8%.
Enterprise Product Partners currently cost around $26 per share. At current levels, the 6.8% dividend justifies a purchasing and acquisition strategy. While coronavirus is a threat to the global natural gas market, investors can lock this result and take a long-term approach to the stock. We currently see a price target of $36 for EPD stocks when concerns over the coronavirus and the global economy end. With central banks around the world still depositing money into equity markets, investors can benefit from stocks like EPD that can operate better in any economic situation.
EPD Stock Price Recommendations
Jan-06-20 Initiated Morgan Stanley Overweight $32
Jul-17-19 Initiated Piper Jaffray Overweight $37
May-30-19 Initiated Johnson Rice Buy
Apr-03-19 Upgrade Goldman Neutral → Buy $30 → $32
Oct-11-18 Initiated Credit Suisse Outperform
Oct-09-18 Initiated Goldman Neutral
Feb-01-18 Reiterated Stifel Buy $29 → $32
Jan-05-18 Initiated Credit Suisse Outperform $31
Dec-13-17 Upgrade Tudor Pickering Hold → Buy
Oct-31-17 Reiterated RBC Capital Mkts Outperform $34 → $31
Oct-10-17 Initiated Seaport Global Securities Neutral $29
Sep-01-17 Reiterated Jefferies Buy $33 → $30
Jun-15-17 Upgrade Morgan Stanley Equal-Weight → Overweight
Apr-18-17 Initiated Guggenheim Buy
Jan-31-17 Reiterated Barclays Overweight $31 → $33
Nov-16-16 Initiated Ladenburg Thalmann Buy
Sep-30-16 Initiated Mizuho Buy $32
Sep-19-16 Upgrade Credit Suisse Neutral → Outperform
Aug-31-16 Reiterated Wunderlich Buy $33 → $32
Aug-18-16 Downgrade Morgan Stanley Overweight → Equal-Weight
Meredith Corp. (NYSE: MDP)
Meredith Corp. is a publisher of 32 significant print and digital publications, including People, Life Life, Shape, and Home & Better Gardens. It also operates websites like mywedding.com, which has explosive growth in traffic there. The company is the second-largest brand licensee in the world. This helped to earn money loans to return to shareholders. Last year, the company secured duties on $ 25 billion in global sales.
It also owns local broadcasting stations that reach around 11% of US households and radio stations. The 2020 segments are expected to be flagged by the 2020 elections. A 2020 presidential election could see billions of dollars in ad spending easily by the time voters choose a winner in November 2020.
Meredith currently pays a dividend of 7.3%. Looking forward, about 23% is also upside down shares. Trading shares at around $32.50. We have a year’s price target of $40.
MDP Stock Price Recommendations
May-28-19 Initiated Guggenheim Neutral
May-30-18 Upgrade Citigroup Neutral → Buy
May-15-18 Reiterated The Benchmark Company Buy $77 → $70
Jan-31-18 Upgrade Gabelli & Co Hold → Buy $103
Dec-01-17 Downgrade Citigroup Buy → Neutral
Nov-28-17 Upgrade Jefferies Hold → Buy
Nov-27-17 Upgrade Wells Fargo Market Perform → Outperform
Nov-27-17 Reiterated The Benchmark Company Buy $67 → $77
Jun-05-17 Upgrade The Benchmark Company Hold → Buy $65
May-02-17 Upgrade Citigroup Neutral → Buy
Jul-29-16 Reiterated The Benchmark Company Buy $57 → $62
Dec-16-15 Upgrade Gabelli & Co Sell → Hold $50
Jul-21-15 Initiated Jefferies Hold $55
Jun-18-15 Reiterated The Benchmark Company Buy $60 → $58
Jan-29-15 Reiterated FBR Capital Mkt Perform $47 → $49
Nov-05-13 Initiated FBR Capital Mkt Perform $49
Oct-16-13 Reiterated The Benchmark Company Hold $45 → $52
Jun-13-13 Reiterated The Benchmark Company Hold $39 → $43
Apr-22-13 Reiterated Deutsche Bank Hold $35 → $37
Mar-18-13 Reiterated Deutsche Bank Hold $34 → $35
Hotels & Resorts Braemar Resort (NYSE: BHR)
Finally, if you love dividends, you will love your REITs. Real estate investment trusts offer a considerable tax advantage as they return 90% of their cash flow to investors.
BHR focuses almost exclusively on luxury properties. It has 13 properties throughout the United States and the Virgin Islands. The company is not significant in any way, only market capitalization $ 265 million. But its share price and dividend make one of the most attractive stocks available today. Positive economic growth and strong spending among the wealthiest Americans will support the company going forward and help to climb its share higher.
Shares are currently trading at $8.22 and provide a dividend of 7.8%. However, we expect the stock to return to its higher level 52 weeks due to stronger spending and the success of its St. Joseph’s hotel. Thomas Ritz-Carlton.
BHR Stock Price Recommendations
Jul-10-19 Upgrade B. Riley FBR Neutral → Buy $14 → $13
May-01-19 Downgrade B. Riley FBR Buy → Neutral $14
Dec-14-18 Initiated DA Davidson Buy
Evidence-based financial writer with 9 years of experience specializing in earnings, economic data coverage, and bond markets. I combine fundamentals, technicals, and macro to identify low-risk, asymmetric opportunities.