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5 Dividend Stocks with Over 8% Yield

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In this article, we discuss 5 dividend stocks with over 8% yield. If you want to read our detailed analysis of high dividend yield stocks and their performance in the past, go directly to read 10 Dividend Stocks with Over 8% Yield

5. Devon Energy Corporation (NYSE:DVN)

Dividend Yield as of August 18: 10.27%

An American energy company, Devon Energy Corporation (NYSE:DVN) ranks fifth on our list of the best dividend stocks with over 8% yield. Though the company’s revenue declined by 38.7% on a year-over-year basis in the second quarter of 2023, its cash position remained strong. The company generated over $1.4 billion in operating cash flow. During the quarter, it also returned $690 million to shareholders through dividends and share repurchases.

On August 2, Devon Energy Corporation (NYSE:DVN) announced that it will pay a regular quarterly dividend of $0.20 per share, along with an additional dividend of $0.29 per share, resulting in a combined quarterly dividend of $0.49 per share. This is different from the previous dividend approach, which was $0.20 fixed and $0.52 variable per share. The stock’s dividend yield on August 18 came in at 10.27%.

Devon Energy Corporation (NYSE:DVN) was a part of 45 hedge fund portfolios at the end of Q2 2023, as tracked by Insider Monkey. The stakes owned by these hedge funds have a total value of over $638.6 million.

Follow Devon Energy Corp (NYSE:DVN)

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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