10 Dividend Stocks That Pay More Than the US Average Rental Yield

8. VAALCO Energy, Inc. (NYSE:EGY)

Dividend Yield: 6.35%

No. of Hedge Funds: 16

VAALCO Energy, Inc. (NYSE:EGY) is an independent energy company based in Houston, Texas. The company specializes in the exploration and production of oil and natural gas, with a primary focus on West Africa. It stands apart from many of its peers by targeting offshore fields that offer high-margin production potential. In addition to the United States, the company also operates in Gabon and Equatorial Guinea.

VAALCO Energy, Inc. (NYSE:EGY) currently offers a dividend yield of 6.35%, presenting an attractive return for income-focused investors. The company achieved an EBITDAX of $303 million in 2024, setting up a new record. This comes after a record production of nearly 25,000 working interest barrels equivalent per day. VAALCO Energy also achieved 1.8 times payback on the initial investment concerning the acquisition of Svenska in April 2024, and further has a positive outlook for the same in 2025, thereby supporting the dividend payments for the period as well.

VAALCO Energy, Inc. (NYSE:EGY) has drawn the attention of 16 hedge funds, reflecting a relatively higher institutional presence compared to some of its industry peers. Analysts maintain a Buy rating, with a median 1-year price target of $8.86, a substantial upside of 127.25%. Investors looking to benefit from the next dividend payment should note the ex-dividend date of May 16, 2025.