High yield stocks are an excellent choice if you’re shopping for dividend stocks that will pay out regularly. There are several options for you to explore in this area. Though not an exhaustive list, this round-up features a variety of high yield stock options available in different industries.
- Alcentra Capital Corp (ABDC)
- Washington Prime Group Inc (WPG)
- Antero Midstream Partners LP (AM)
- Golar LNG Partners LP (GMLP)
- GasLog Partners LP (GLOP)
- Navios Maritime Acquisition Corp Ord (NNA)
- Penn Real Estate Trust (PEI)
- EQT Midstream Partners LP (EQM)
- Cornerstone Strategic Value Fund (CLM)
- CONSOL Coal Resources LP (CCR)
- Cornerstone Total Return Fund, Inc (CRF)
- Equitrans Midstream Corp (ETRN)
- Westwood Holdings Group Inc (WHG)
- Iron Mountain Inc (IRM)
- AbbVie (ABBV)
- Gaming and Leisure Properties Inc (GLPI)
- Omega Healthcare Investors Inc (OHI)
- Centurylink (CTL)
What Are High Yield Stocks?
A high yield stock provides a dividend that’s above the associated benchmark. A commonly used benchmark is the 10-year US Treasury note, though not all analysts will use the same comparison. Dividends are paid out regularly to investors, providing steady returns on this type of investment. The dividend yield is determined by dividing the company’s annual dividend by the stock’s share price.
When a stock produces a high dividend yield, it is typically because it was undervalued and offers a low price. High yield stocks perform better than no yield or low yield stocks in bear markets.
Alcentra Capital Corp (ABDC)
Investors in Alcentra Capital Corp enjoy extremely high dividends of 35.96%. This corporation runs a non-diversified closed-end investment management company. They provide investment advice and debt and equity financing solutions for lower middle market companies. Through direct investments between $5 million and $15 million in these companies, Alcentra generates capital appreciation and current capital.
Washington Prime Group Inc (WPG)
Dividends for Washington Prime Group Inc are 31.15%. This company acquires, manages, and develops retail properties, operating as a self-managed and self-administrated real estate investment trust (REIT). It owns community centers, enclosed retail properties, and land parcels that are ideal for the future development or expansion of similar property types.
Antero Midstream Partners LP (AM)
Dividend yield for Antero Midstream Partners is 24.4%. This company develops and operates midstream energy infrastructure. Its gathering and processing segment focuses on low- and high-pressure water gathering, processing, and compression. The water handling and treatment segment deals with freshwater delivery and handling activities. Stock prices in early 2020 are significantly lower than those in mid-2019, offering a prime investment opportunity.
Golar LNG Partners LP (GMLP)
With Golar LNG Partners, you’ll enjoy a dividend yield of 23.67%. Golar maintains long-term charters for floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers. The company maintains a fleet of around six FSRUs with a total capacity around 846,000 cubic meters and four LNG carriers with a capacity of 564,400 cubic meters.
GasLog Partners LP (GLOP)
Get a dividend yield of 21.48% with GasLog Partners LP. 2020 stock prices have dipped significantly, providing prime opportunities to buy. GasLog Partners LP is a limited partnership company that acquires, owns, and operates natural gas (LNG) carriers using multi-year charters. It maintains a fleet of around 14 carriers with an average capacity of 157,000 cubic meters.
Navios Maritime Acquisition Corp Ord (NNA)
This stock offers a dividend yield of 21.31%. This international shipping company has a fleet of tankers for modern crude oil, chemicals, and refined petroleum products. This includes around 38 double-hulled tankers, eight very large crude carrier (VLCC) tankers, 18 medium range 2 (MR2) tankers, four chemical tankers, and eight Long Range 1 (LR1) tankers. Navios charters these vessels to international companies.
Penn Real Estate Investment Trust (PEI)
A dividend yield of 21.32% makes Penn Real Estate Trust an appealing investment. This company owns and operates shopping malls, primarily through a partnership with PREIT Associates. Its primary focus is on malls in the Mid-Atlantic region of the United States. Its properties include Plymouth Meeting Mall, Cherry Hill Mall, Springfield Town Center, and the Mall at Prince Georges. The company was founded in 1960, giving it a longstanding history in this sector.
EQT Midstream Partners LP (EQM)
The dividend yield for EQT Midstream Partners LP is 20.04%. The company acquires, develops, and operates midstream assets in the Appalachian Basin region. Its gathering segment focuses on high-pressure gathering lines and the low-pressure gathering system regulated by the Federal Energy Regulatory Commission (FERC). Its transmission segment deals with FERC-regulated interstate pipeline and storage.
Cornerstone Strategic Value Fund (CLM)
Cornerstone Strategic Value Fund stocks offer a dividend yield of 19.63%. This is a closed-end diversified management investment company that seeks long-term capital appreciation by investing in equity securities. This fund maintains investments in multiple sectors including information technology, healthcare, financials, energy, materials, telecommunications, and more. It can invest in other closed-end investment companies as long as these securities comprise no more than 3% of the outstanding voting stock for any single investment company.
CONSOL Coal Resources LP (CCR)
Dividend yield is 19.58% for CONSOL Coal Resources LP. This company produces thermal coal, managing and developing coal operators in Pennsylvania. It maintains operational control over CONSOL Energy’s Pennsylvania Mining Company which has three underground mines and the infrastructure to produce high-Btu thermal coal for electric companies throughout the eastern United States.
Cornerstone Total Return Fund, Inc (CRF)
With Cornerstone Total Return Fund, Inc you’ll enjoy a dividend yield of 19.54%. This is a closed-end diversified management investment company that aims for capital appreciation. It invests in several sectors including financials, technology, industrials, energy, materials, real estate, and utilities. It may invest in other investment companies and ETFs as long as securities from other investment companies do not total more than 3% of the outstanding voting stock for any single investment company.
Equitrans Midstream Corp (ETRN)
The dividend yield for Equitrans Midstream Corp is 18.61%. Equitrans gathers natural gas in the United States, providing mainstream services to EQT and several third-party companies in Pennsylvania, Ohio, and West Virginia. The company’s business segments include water, transmission, and gathering.
Westwood Holdings Group Inc (WHG)
The dividend yield for Westwood Holdings Group Inc is 10.26%. This is a holding company with segments for advisory and trust activities. The advisory segment includes Westwood International and Westwood Management. Through the trust segment, the company offers investment and financial services to individuals, families, and foundations with a high net worth.
Iron Mountain Inc (IRM)
Iron Mountain Inc offers a dividend yield of 7.83%. This is a holding company that stores physical records and data backup media. It provides information management for customers throughout North America, Latin America, Africa, Europe, and Pacific Asia. Iron Mountain offers storage and information management to companies in numerous industries including energy, business services, legal, financial, insurance, healthcare, life sciences, and others.
AbbVie has a 6.5% dividend yield. A spin-off from Abbott Laboratories, AbbVie is a biopharmaceutical company with a product line heavily weighted to cancer medications. Currently, the drug Humira provides over half of the company’s sales and revenue. At the end of 2019, stock rocketed 40% from its low point in August. AbbVie’s takeover of Allergan (AGN), a producer of Botox, has further increased its earning potential.
Gaming and Leisure Properties Inc (GLPI)
The dividend yield for Gaming and Leisure Properties Inc is 5.93%. This is a self-managed and self-administered real estate investment trust. It acquires, owns, and operates real estate for gaming operators through triple net lease arrangements. In addition to its real estate holdings, it also maintains the TBS Properties segment which includes the Hollywood Casino Perryville and Hollywood Casino Baton Rouge.
Omega Healthcare Investors Inc (OHI)
With stock in Omega Healthcare Investors Inc, you’ll get a dividend of 6.39%. This is a self-administered real estate investment trust that maintains a portfolio of healthcare facilities and mortgages on healthcare facilities throughout the US and United Kingdom. It offers leases and mortgage financing to companies operating assisted living facilities, skilled nursing facilities, rehabilitation facilities, and independent living facilities.
Despite the fact that the company cut its dividend by 53% in 2019, it still offers a dividend yield of 7.32%. Traditionally a landline business, Centurylink has since evolved into an integrated communications company. Its offerings include data integration products, broadband, Ethernet connections, network, Voice over Internet Protocol, and other information technology and communication services.
If you’re interested in exploring the possibilities available with high yield stocks, these choices should give you plenty of options to consider. Check out an informative webinar to learn more about how you can succeed with stocks.