Elevate your investment game with the latest reaffirmation of a high-performing staple in our Best High Dividend Stocks model portfolio. This standout player from the Energy MLP industry, boasting an impressive 6.05% return since its addition on March 17, 2022, has outperformed our benchmark, the iShares Core High Dividend ETF (HDV), by a striking 12.16%.
The stock offers an attractive 7.61% forward dividend yield, ranking in the top 20% of dividend stocks, significantly outpacing the benchmark yield of 3.88%. But yield isn’t its only strength – this stock has a 26-year track record of consistent dividend increases, placing it in the top 10% of dividend stocks. It’s truly a heavyweight in high yield investing.
This year, it has returned 7%, outperforming the 1% return for the Energy MLP industry. Moreover, investors can anticipate an upcoming payout of $0.490/shr, which went ex-div on April 27, with a pay date of May 12. This reaffirmation is anchored on our robust recommendation process, optimizing for Yield Attractiveness and Dividend Safety, while also considering Returns Potential and Risk.
Dive deeper into our in-depth stock analysis to uncover why this powerhouse continues to hold a prime spot in our portfolio. Unearth the secret behind its persistent performance and how it can boost your dividend income.
