10 Best Dividend Stocks with Over 8% Yield You Can Buy in September

Published on September 9, 2022 at 8:11 am by Vardah Gill in Hedge Funds, News

In this article, we discuss 10 dividend stocks with over 8% yield to buy in September. You can skip our detailed analysis of top high dividend stocks, and go directly to read 5 Best Dividend Stocks with Over 8% Yield You Can Buy in September.

In the current market situation, investors are looking for different ways to protect their capital. Dividend stocks are considered safe in this regard as they offer regular streams of income even in times of financial instability. Analysts recommend including strong dividend companies in portfolios with record tracks of dividend growth to find stability during these times. Dividend stocks like Exxon Mobil Corporation (NYSE:XOM), The Coca-Cola Company (NYSE:KO), and Johnson & Johnson (NYSE:JNJ) are gaining popularity these days as investors scramble to find safe, income-generating stocks in these chaotic times.

When investing in dividend stocks, investors also pay attention to dividend yields which give an estimate of the income relative to the share price. Andrew McOrmond, a managing director at WallachBeth Capital, talked about dividend yields in his interview with CNBC in June. He asserted that investing in dividend yields is one of the most efficient ways to generate steady income in the ongoing financial turmoil and investors should focus on top high-dividend stocks.

This statement was also supported by Dan Suzuki of Richard Bernstein Advisors, which is loading up on high dividend stocks for long-term investments. Suzuki said in an interview with Bloomberg that high-yield stocks are offering attractive investment opportunities as recession fears grow around the globe.

Historically, high dividend stocks have performed well in rising interest rates environment. According to a report by Global X, the total return of high dividend stocks outperformed the S&P 500 by nearly 3% from 1960 to 2017 and generated an average annual dividend yield of 6.4%. The report further mentioned that top high dividend stocks have outperformed the broader index in seven out of 10 rising rate periods since 1960. Another research paper published by the University of Nevada analyzed the returns of high dividend yield stocks from the Dow Jones Industrial Average from 1987 to 2012. The report mentioned that in 16 out of these 26 years, high dividend yield stocks delivered an average annual return of 10.82% while low dividend yield stocks returned 3.3%. In view of this, we will discuss the best dividend stocks with over 8% yield you can buy in September.

Our Methodology

For this list, we picked the top high dividend stocks with yields above 8%, as recorded on September 8. We also analyzed respective companies’ financial health and dividend policies that would benefit investors in the current environment.

10 Best Dividend Stocks with Over 8%

10. Omega Healthcare Investors, Inc. (NYSE:OHI)

Dividend Yield as of September 8: 8.27%

Omega Healthcare Investors, Inc. (NYSE:OHI) is an American self-administered real estate investment trust company that invests in long-term healthcare facilities and mortgages. In August, the company was double upgraded to Buy at BofA with a $35 price target. The firm appreciated the company’s performance during the pandemic and also highlighted its Medicare business.

In Q2 2022, Omega Healthcare Investors, Inc. (NYSE:OHI) reported revenue of $244.6 million, which beat consensus by $24.5 million. The company’s cash position remained stable as it ended the quarter with $165 million in cash and cash equivalents and nearly $1.4 billion in revolving credit facility. It generated roughly $170 million in free cash flow during the quarter, up from $127.5 million in the previous quarter.

Omega Healthcare Investors, Inc. (NYSE:OHI) raised its dividends consistently for 17 years before ceasing its dividend growth in 2020 during the pandemic. It currently pays a quarterly dividend of $0.67 per share. The top high dividend stock’s yield was recorded at 8.27% on September 8.

At the end of Q2 2022, 23 hedge funds in Insider Monkey’s database owned stakes in Omega Healthcare Investors, Inc. (NYSE:OHI), up from 17 in the previous quarter. These stakes hold a collective value of over $71.7 million. Among these hedge funds, Marshall Wace LLP was the company’s leading stakeholder in Q2.

In addition to Exxon Mobil Corporation (NYSE:XOM), The Coca-Cola Company (NYSE:KO), and Johnson & Johnson (NYSE:JNJ), Omega Healthcare Investors, Inc. (NYSE:OHI) is another prominent dividend stock to consider in this current market uncertainty.

Aristotle Capital Management mentioned Omega Healthcare Investors, Inc. (NYSE:OHI) in its Q1 2022 investor letter. Here is what the firm has to say:

“Omega Healthcare Investors (NYSE:OHI), healthcare-focused real estate investment trust, was removed from the portfolio due to a deterioration of the financial condition of its tenant base. After seeing an improvement in the prior couple of quarters, management highlighted the potential for a worsening outlook for delinquencies with subdued occupancy due to COVID-related concerns and labor shortages. We believe higher labor costs due to the ongoing nursing and general labor shortage are also negatively impacting their customers and have decided to step away from our investment.”

9. Magellan Midstream Partners, L.P. (NYSE:MMP)

Dividend Yield as of September 8: 8.28%

Magellan Midstream Partners, L.P. (NYSE:MMP) is an Oklahoma-based publicly traded partnership that stores and distributes petroleum products. In Q2 2022, the company generated $255.7 million in free cash flow, compared with $55.5 million in the previous quarter. Its operating cash flow also jumped to $297 million, from $100.4 million in the preceding quarter. The company’s revenue for the quarter showed a 20.6% year-over-year growth at $788.6 million. The management is confident about Magellan Midstream Partners, L.P. (NYSE:MMP)’s cash stability and expects its FCF to reach $1.45 billion in FY22 or $578 million after distributions.

Magellan Midstream Partners, L.P. (NYSE:MMP) currently pays a quarterly dividend of $1.0375 per share. The company has been raising its dividends consistently for the past 20 years, maintaining its position as one of the top high dividend stocks. As of September, the stock’s dividend yield came in at 8.28%.

In June, Goldman Sachs upgraded Magellan Midstream Partners, L.P. (NYSE:MMP) to Buy with a $55 price target. The firm appreciated the company’s healthy balance sheet metrics versus its peers and its continued improvements in refined product volumes.

As of the end of June 2022, 9 hedge funds tracked by Insider Monkey owned investments in Magellan Midstream Partners, L.P. (NYSE:MMP), down from 11 in the previous quarter. These investments are collectively valued at $17.7 million.

8. Global Partners LP (NYSE:GLP)

Dividend Yield as of September 8: 8.31%

Global Partners LP (NYSE:GLP) is a multinational energy supply company that specializes in importing and marketing petroleum products in North America. The company was a part of 3 hedge fund portfolios in Q2 2022, up from 2 in the previous quarter, according to Insider Monkey’s data. The stakes owned by hedge funds hold a collective value of nearly $3 million. Arrowstreet Capital was the company’s leading stakeholder in Q2.

In Q2 2022, Global Partners LP (NYSE:GLP) reported solid growth in its distributable cash flow to $178.2 million, from $26.6 million recorded during the same period last year. Its revenue for the quarter saw a 62.2% year-over-year growth at $5.32 billion. In addition to this, its net income stood at $162.8 million in Q2, up from $12.1 million in the prior-year quarter.

On July 26, Global Partners LP (NYSE:GLP) declared a quarterly dividend of $0.605 per share, consistent with its previous dividend. This top high dividend stock has raised its dividend at a CAGR of 4.99% in the past five years. As of September 8, the stock’s dividend yield came in at 8.31%.

7. Altria Group, Inc. (NYSE:MO)

Dividend Yield as of September 8: 8.36%

Another top high dividend stock on our list is Altria Group, Inc. (NYSE:MO), which is a Virginia-based marketer and producer of tobacco and related products. In 2022, the company extended its dividend growth streak to 53 years. It currently pays a quarterly dividend of $0.94 per share, with a dividend yield of 8.36%, as of September 8.

In Q2 2022, Altria Group, Inc. (NYSE:MO) paid $1.6 billion in dividends and repurchased over 10 million shares for $507 million. Moreover, it is determined to meet its dividend payout ratio target of approximately 80%. The company’s revenue for the quarter came in at $5.37 billion.

In July, Jefferies set a $54 price target on Altria Group, Inc. (NYSE:MO) with a Buy rating on the shares, expecting a double-digit dividend yield in the coming years.

Jim Simons’ Renaissance Technologies owned $366.5 million worth of stakes in Altria Group, Inc. (NYSE:MO), becoming one of its most prominent stakeholders in Q2. In addition to this, 48 hedge funds in Insider Monkey’s database owned stakes in the company in Q2, up from 47 in the previous quarter. These stakes hold a collective value of over $1.83 billion.

6. Camping World Holdings, Inc. (NYSE:CWH)

Dividend Yield as of September 8: 8.46%

Camping World Holdings, Inc. (NYSE:CWH) is an Illinois-based retail company that sells recreational vehicles and vehicle parts and also provides related services to consumers. In July, Raymond James maintained its Outperform rating on the stock with a $32 price target, highlighting the company’s earnings in recent quarters.

In Q2 2022, Camping World Holdings, Inc. (NYSE:CWH) reported strong results. The company’s new and used vehicle inventories were $1.7 billion, showing an increase of $782.5 million from the same period last year. Its operating cash flow for the quarter stood at $394 million and its free cash flow came in at $345.6 million. The company ended the quarter with nearly $134 million available in cash and cash equivalents.

In February, Camping World Holdings, Inc. (NYSE:CWH) hiked its quarterly dividend by 25% and currently pays $0.625 per share in dividends every quarter. The stock’s dividend yield was recorded at 8.46% on September 8. The company can be a good addition to dividend portfolios among other famous dividend stocks like Exxon Mobil Corporation (NYSE:XOM), The Coca-Cola Company (NYSE:KO), and Johnson & Johnson (NYSE:JNJ).

The number of hedge funds tracked by Insider Monkey owning stakes in Camping World Holdings, Inc. (NYSE:CWH) stood at 17 in Q2 2022, up from 16 in the previous quarter. These stakes are collectively valued at roughly $160 million. Abrams Capital Management was the company’s leading stakeholder in Q2, owning stakes worth over $110 million.

Click to continue reading and see 5 Best Dividend Stocks with Over 8% Yield You Can Buy in September.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on October 30, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

A New Dawn is Coming to U.S. Stocks

Published on November 16, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up