In this article we take a look at some of the best stocks with high yields. If you want to see our detailed analysis of high-yield dividend investing, go to 10 Best Dividend Stocks with High Yields.
5. Shell Midstream Partners, L.P. (NYSE: SHLX)
Dividend yield: 11.57%
Shell Midstream Partners, L.P. (NYSE: SHLX) owns and operates pipelines and other midstream and logistics assets. The company is based in Houston and ranks 5th on our list of the best dividend stocks with high yields with a dividend yield of 11.57% or $1.84 per share.
Last month, Shell Midstream Partners, L.P.’s (NYSE: SHLX) price target was raised by Wells Fargo & Company to $14. Some other research analysts such as Mizuho and Barclays also raised the company’s price target to $15 and $11 respectively. Shell Midstream Partners, L.P. (NYSE: SHLX) gained 55.12% year to date and currently has a market value of $6 billion.
Like The Coca-Cola Company (NYSE: KO), The Procter and Gamble Company (NYSE: PG), and Colgate-Palmolive Company (NYSE: CL), Shell Midstream Partners, L.P. (NYSE: SHLX) is a good dividend stock to invest in.
4. Cementos Pacasmayo S.A.A. (NYSE: CPAC)
Dividend Yield: 13.12%
Cementos Pacasmayo S.A.A. (NYSE: CPAC) is the largest cement company in northern Peru. The company has three plants in Piura, Pacasmayo, and Rioja. It was founded in 1949 and is based in Lima, Peru. Cementos Pacasmayo S.A.A. (NYSE: CPAC) ranks 4th on our list of the best dividend stocks with high yields, with its 13.12% dividend yield.
The stock gained 7.63% year to date and has a market value of $720 million. The stock also reported in its Q121 results that its main sales volume increased 42.7% compared to the previous year. The company’s gross profit also increased by about 44.8% due to the aforementioned increase in sales. Cementos Pacasmayo S.A.A. (NYSE: CPAC) pays $1.06 a share and has reported $0.23 earnings per share.
3. USA Compression Partners, LP (NYSE: USAC)
Dividend yield: 13.32%
USA Compression Partners, LP (NYSE: USAC) is one of the largest providers of natural gas compression in the US. It was founded in 1998 and has headquarters in Austin, Texas. It ranks 3rd on our list of the best dividend stocks with high yields.
This April, USA Compression Partners, LP (NYSE: USAC) announced a cash distribution of $0.525 per common unit. Last month, the company also announced that it would be taking part in the 2021 Energy Infrastructure Council Investor Conference.
USA Compression Partners, LP (NYSE: USAC) gained 19.09% year to date and has a market value of $1.5 billion. According to its Q121 report, the company was able to achieve an adjusted EBITDA of 63.2%, a 1% improvement from the previous quarter. Its dividend yield of 13.32% or $2.1 per share is the third-highest on our list.
2. Cornerstone Strategic Value Fund, Inc. (NYSE: CLM)
Dividend yield: 16.62%
This is a closed-ended equity mutual fund and is managed by Cornerstone Advisors, Inc. Cornerstone Strategic Value Fund, Inc. (NYSE: CLM) ranks 2nd on our list of the top 10 dividend stocks with high yields, with its dividend yield of 16.62%. The company was founded in 1987 and has headquarters in Cincinnati, Ohio.
This May, the fund completed its rights offering, through which Cornerstone Strategic Value Fund, Inc. (NYSE: CLM) received requests for approximately $215 million of its shares. The fund’s AUM as of Q121 is $898.67 million, and its dividend rate for the next 12 months is $1.92 a share.
1. AT&T Inc. (NYSE: T)
Dividend yield: 7%
AT&T Inc. (NYSE: T) tops the list of high-yield dividend stocks because it’s one of the safest dividend stocks to invest in. With a yield of 7%, AT&T has increased its dividend consistently for the last 30 years.
See also: 10 Best Growth Stocks To Buy Now and 10 Best Bank Stocks To Buy Now.
