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Alberto Abaterusso
Alberto Abaterusso
Articles (2472) 

A Trio of High-Yield Stocks for the Dividend Investor

Their dividend yields beat the S&P 500

June 09, 2020 | About:

Dividend investors may want to consider the following stocks, as they are currently beating the S&P 500 index in terms of higher dividend yields. The index offers an average yield of 1.84% as of June 8.

Furthermore, Wall Street sell-side analysts have issued positive recommendation ratings for these stocks, indicating their share prices are expected to perform well.

Pinnacle West Capital Corp

The first company under consideration is Pinnacle West Capital Corp (NYSE:PNW), a Phoenix, Arizona-based regulated distributor of electricity to people and businesses in the state of Arizona.

Based on Monday's closing price of $82.04 per share, Pinnacle West grants a trailing 12-month dividend yield of 3.76% and a forward dividend yield of 3.81%. On June 1, the company will pay a quarterly dividend of 78.3 cents per common share. Pinnacle West has paid dividends for more than 25 years.

Pinnacle West’s current dividend yield is high when compared to its historical values, indicating that the stock is a profitable investment.

GuruFocus assigned the company a low financial strength rating of 3 out of 10 but a positive profitability rating of 6 out of 10.

Wall Street sell-side analysts issued an overweight recommendation rating for this stock.

The share price has decreased 15.6% over the past year for a market capitalization of $9.23 billion and a 52-week range of $60.05 to $105.51.

The 14-day relative strength index of about 66 indicates that the stock is neither overbought nor oversold.

MSC Industrial Direct Co Inc

The second company under consideration is MSC Industrial Direct Co Inc (NYSE:MSM), a Melville, New York-based supplier of products for metalworking, repairing and maintenance in North and Central America and the United Kingdom.

Based on Monday’s closing price of $74.95 per share, MSC Industrial Direct offers a yield of 4.01% for both the trailing 12-month dividend and forward dividend. The company is currently paying a quarterly dividend of 75 cents per common share. The company has been paying dividends for more than 15 years.

MSC Industrial Direct’s current dividend yield is high compared to its historical values, suggesting that the stock is a profitable investment.

GuruFocus assigned the company a positive financial strength rating of 6 out of 10 and a high profitability rating of 8 out of 10.

Wall Street sell-side analysts issued a hold recommendation rating for this stock.

The share price has risen 4.6% in the past year, determining a market capitalization of $4.16 billion and a 52-week range of $44.93 to $84.37.

The 14-day relative strength index of 74 indicates that the stock is not far from overbought levels.

Genie Energy Ltd

The third company under consideration is Genie Energy Ltd (NYSE:GNE), a Newark, New Jersey-based regulated supplier of electricity and explorer for oil and gas properties.

Based on Monday’s closing price of $8.20 per share, Genie Energy offers a trailing 12-month dividend yield of 3.79% and a forward dividend yield of 4.17%. On May 29, the company paid a quarterly dividend of 8.5 cents per common share, reflecting a 13.3% increase from the previous payment. Genie Energy has been paying dividends for nearly eight years.

Genie Energy’ current dividend yield is quite high compared to its historical values, indicating that the stock would be a profitable investment.

GuruFocus assigned the company a high financial strength rating of 8 out of 10 and a moderate profitability rating of 4 out of 10.

Wall Street sell-side analysts issued a hold recommendation rating for this stock.

The share price has dropped 12.1% over the past year for a market capitalization of $215.97 million and a 52-week range of $4.60 to $11.98.

The 14-day relative strength index of 49 indicates the stock is neither overbought nor oversold.

Disclosure: I have no positions in any securities mentioned.

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About the author:

Alberto Abaterusso
I am a contributor at GuruFocus. I primarily write about how to pick potential value stocks. Gold, silver and precious metals mining industries is also my cup of tea. My articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. I hold a Master\\\'s Degree in Business Administration from Università degli Studi di Bari (Italy), Aldo Moro. I am based in The Netherlands.

You can follow me on Twitter at https://twitter.com/AAbaterusso

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