It is high time someone showed the investing world how to get more dividends that actually build huge wealth the right way. It seems that when you talk to so called pro’s, all they point you to is a dividend stock that has shaky underlying financials that can lead to some very disappointing stock price depreciation during future trading sessions. My goal is to avoid said stock depreciation and point out a few great equity selections that will give investors some above average dividends as well as a great chance at long term stock price appreciation. A 10% dividend may sound great, but not if at the end of the year the stock price drops by 15%, giving you an overall loss of 5%. If you are looking to learn how to get more dividends for your investing buck, then you are going to love this.
Let’s start out by testing your knowledge of what is considered an average dividend? So, what did you come up with? Many people think that you need about a 5% or higher dividend to be average. The real answer is 2.02% when we take a look at the current makeup of the S&P 500. This tells us that if we can find stocks out there that give us above 2.02% in annual dividends, then we are beating the average return. But we also want to avoid high dividend paying stocks that are falling in price, thus wiping away any annual returns that we may have enjoyed. One thing we should avoid is companies that have a negative earnings per share. That can be a red flag that there will be some stock price depreciation in the coming trading sessions. So all in all, let’s stick to buying positive PE’s and above average dividends based on the current S&P 500 rates. With all the above being considered, here are 5 stocks that fit the bill when it comes to figuring out how to get more dividends out of your investing dollars.
4. SunCoke Energy Partners LP (SXCP $11.65) is one that could easily be a number 1 selection for anyone’s portfolio. SunCoke is currently paying out a huge 18.39% dividend. The nice thing about this stock is that they are also trading at a very low price to earnings ratio of 6.50. That gives the stock a great chance to double in price and still be trading with a price to earnings ratio of under 15. This is the kind of dividend stock that can breathe some huge life into a struggling portfolio. SunCoke Energy gives investors a great chance of possibly tripling their money through stock price appreciation as well as capturing a very nice 18.39% dividend. The best thing is that this company is making a profit and not carrying a negative EPS.
3. Ship Finance International Limited (SFL $8.43) easily makes the top 5 in dividend stocks you will want to consider. Their dividend is currently 11.61% and they are looking at continuing their recovery after the pandemic ends. That tells us that they could easily double in price and still be considered a fairly priced company. They are massively under priced at this moment in time and that gives us a great chance to lock in some high dividends with a chance to earn a little bonus income from the stock price appreciation. When trying to find the right answer to how to get more dividends, Ship Finance fits the bill.
2. KNOT Offshore Partners LP (KNOP $14.09) is a great stock that has dropped a bit over the last few trading sessions. This gives us a chance to capture yet another high paying 14% dividend. The price to earnings ratio is around 14 to 15 percent giving us a bit of room to grow over the next few quarters. This company hits both the key stats of high dividend rates and a nice and low PE compared to the overall market. This is the main way on how to get more dividends rolling into your portfolio.
1. UGI Corporation (UGI $31.58) is an oldie but a goodie when it comes to buy and hold dividend stocks. UGI is paying about 4% and their dividends look solid with the addition of Amerigas to their portfolio. They have been solid performers for their stockholders and I am seeing a very nice recovery in their stock price over the last few weeks of trading. They own a very large percentage of the propane market in the United States. (They are the largest by far) This gives them some huge control over the propane market as a whole. With that kind of power, this is a solid company to add to a portfolio for the long run.
At this point, you now have 5 good high paying dividend stocks to consider. With dividends only having to beat 2.02% to be considered above average, these stocks should be called gold mines. If you want to see what it will take to be able to live off of dividends for the rest of your life with no bull crap sprinkled on it, then check out my in depth analysis of what it takes to get the job done nowadays. For those of you who enjoy a bit more risk with your investing money, then you will love my take on how to double your money over and over and over again here. And finally, if you want to see how I actually put all the information I write about to work in real investments, then you can check out the page I have dedicated to these stock selections here. You will see that it is usually way ahead of the standard market return. Be warned that I did take the summer of 2016 off to enjoy some of the fruits of my labor. The good news is that I have returned and I am ready to get back to crushing this market. Feel free to ask about any stocks you are curious about in the comment section below.