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

4. Spok Holdings, Inc. (NASDAQ:SPOK)

Dividend Yield: 7.86%

No. of Hedge Funds: 8

Headquartered in Alexandria, Virginia, Spok Holdings, Inc. (NASDAQ:SPOK) is a leader in critical communication solutions. The company provides secure messaging and emergency communication services across industries including healthcare and government as well as for enterprise clients. It attracts market share by specializing in mission-critical paging and secure messaging systems. Aside from the U.S., the company also has business operations in Canada.

With a dividend yield of 7.86%, Spok Holdings, Inc. (NASDAQ:SPOK) offers a steady income stream for investors seeking dividend income. The total revenue of the company for the year 2024, as per the Q4 earnings report, was down from $139 million in 2023 to $137.7 million. However, double-digit growth achievements were recognized in professional services business and software operations bookings. Particularly, the software operations bookings saw a 13% increase compared to the previous year. Additionally, the company continues to maintain strong profitability levels, indicating its resilience in making dividend payments.

Spok Holdings, Inc. (NASDAQ:SPOK) has a relatively lower hedge fund presence, with only eight funds invested. Even so, it has gained a Buy rating from analysts. The 1-year median price target of $20 suggests a 25.87% upside potential if invested now. Those looking to secure dividend payouts should purchase stock before May 23, 2025.