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

1. Mach Natural Resources LP (NYSE:MNR)

Dividend Yield: 13.24%

No. of Hedge Funds: 2

Headquartered in Oklahoma, Mach Natural Resources LP (NYSE:MNR) is an independent oil and gas company focused on acquiring and developing hydrocarbon assets in the Anadarko Basin. The specialty of the company lies in maximizing production efficiency from mature fields without compromising on their cost principles. The company competes with players like Continental Resources and Devon Energy for market shares in the United States.

Mach Natural Resources LP (NYSE:MNR) boasts an impressive dividend yield of 13.24%, positioning itself as one of the highest-yielding stocks on our list. The fourth quarter earnings call indicates a favorable environment for the company, with the net income for 2024 crossing $185 million. Since its inception, the company has distributed over $1 billion to its shareholders since inception highlighting the company’s commitment to maximizing cash distributions, which could translate positively for new and potential income-seeking investors.

The institutional interest in Mach Natural Resources LP (NYSE:MNR), however, remains limited, with only two hedge funds currently invested, as per the Insider Monkey Q4 2024 database. Analysts, nonetheless, maintain a Buy rating, with the median price target set at $24.50, a potential gain of 60.97% from the current price. Investors looking to qualify for the upcoming dividend payout should purchase stock before May 23, 2025.

Overall, Mach Natural Resources LP (NYSE:MNR) ranks first on our list of the best dividend stocks. While we acknowledge the potential of MNR as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than MNR but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.

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