Below you can find the list of the 5 very high yield dividend stocks. For detailed coverage of this topic and a more comprehensive list, please see the 15 very high yield dividend stocks.
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5. Altria Group Inc (NYSE: MO)
Dividend Yield: 8.37%
Revenue: $20.5 billion
Market Cap: $78.48 billion
Assets: $52.6 billion
Headquarters: Richmond, VA
The Altria Group owns several of the largest cigarette companies in the US, including Philip Morris USA, the U.S. Smokeless Tobacco Company, and John Middleton. The most popular tobacco brands of the company include Marlboro, Copenhagen, Skoal, and Black & Mild. Altria Group Inc pays an annualized dividend of $3.44 yielding 8.37%
In a Q2 2020 investor letter, Artko Capital highlighted a few stocks and Altria Group Inc. (NYSE: MO) is one of them wherein they stated:
“Altria Group (MO) – We made a 9% Core Portfolio investment in Altria group at sub $40.00 in 2019 with the view that it was a good place to park cash at an 8%+ dividend yield with liquidity and a 15- 25% annual IRR upside. When the stock reached $50+ in early 2020 we took half of our position off the table and took the rest off back at $40 in spring 2020 as we are positioning our portfolio to have significantly higher upside in the nanocap space as the economy and the small-cap markets recover over the next few years. We may come back to MO in the future as it is a solid dividend-yielding investment, but as we mentioned earlier, our strategy does involve off-the-beaten-path companies with an opportunity to get repriced on the growth of revenues and earnings and Altria Group’s low growth was not going to get us the returns we seek given the repricing of the value segment of the small-cap markets.”
4. Enterprise Products Partners (NYSE: EPD)
Dividend Yield: 8.90%
Revenue: $32.5 billion
Market Cap: $46.41 billion
Assets: $7.8 billion
Headquarters: Houston, TX
Another MLP and Pipeline stock on our list of the very high yield dividend stocks is Enterprise Products Partners. The company offers midstream energy services, including the collection, processing, and storage of natural gas. EPD stock shares fell 30% in 2020 and in light of that, the management announced that they will be ramping up buybacks this year. EPD currently pays an annualized dividend of $1.80 yielding at 8.90%. We also believe stocks like EPD and OKE will outperform the S&P 500 Index in 2021.
3. Oneok (NYSE: OKE)
Dividend Yield: 9.39%
Revenue: $9.4 billion
Market Cap: $18.72 billion
Assets: $22 billion
Headquarters: Tulsa, OK
Oneok is a midstream energy service provider in the United States. The company operates in gathering, processing, fractionating, transporting, storing, and marketing natural gas. The company pays an annualized dividend of $3.74 yielding 9.39%.
2. Prospect Capital (NASDAQ: PSEC)
Dividend Yield: 11.43%
Revenue: $615.956 million
Market Cap: $2.45 billion
Assets: $5.3 billion
Headquarters: New York, NY
Prospect Capital is a premier provider of private debt and private equity to middle-market companies in the U.S. with a focus on sponsored transactions and direct lending to established owner-operated companies. The company pays an annualized dividend of $0.72 per share yielding 11.43%.
1. Antero Midstream (NYSE: AM)
Dividend Yield: 15.18%
Revenue: $1 billion
Market Cap: $4.06 billion
Assets: $109 million
Headquarters: Denver, CO
Topping the list of the very high yield dividend stocks is Antero Midstream Corporation. Antero Midstream Corporation is an independent natural gas and oil company that offers rich energy production in North America. The company is also one of the 12 best MLP and pipeline stocks to buy now. Antero Midstream pays shareholders of $1.23 annualized dividend per share yielding at a whopping 15.18%. Antero Midstream’s parent company, Antero Resources, declared a $1.15 billion drillings and capital completion budget in 2020, which is projected to generate net production growth of approximately 9% overproduction in 2019.
Please see also, 15 Best Blue Chip Stocks To Buy Now, 10 Best Cheap Stocks To Buy Now, and 10 Best Growth Stocks To Buy Now.
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