Dividend investors could be interested in the following stocks, since they offer much higher dividend yields than the S&P 500 Index. The benchmark index's dividend yields 1.26% as of Friday.
Wall Street sell-side analysts have also issued positive recommendation ratings for these stocks.
Capital Product Partners
The first company dividend investors could be interested in is Capital Product Partners LP (CPLP, Financial), a Piraeus, Greece-based shipping company.
Based on Friday's closing price of $15.66 per share, Capital Product Partners offers trailing 12-month and forward dividend yields of 2.55%. The company last paid a quarterly dividend of 10 cents per common share on Nov. 12. The company has paid dividends for nearly 15 years.
On Wall Street, the stock has a median recommendation rating of buy with an average target price of $18.67 per share.
The share price has risen by 103.64% over the past year, determining a market capitalization of $304.20 million and a 52-week range of $7.27 to $16.46.
The 14-day relative strength index of 66 indicates the stock is neither overbought nor oversold.
Jerash Holdings
The second company dividend investors could be interested in is Jerash Holdings (U.S.) Inc (JRSH, Financial), a Fairfield, New Jersey-based manufacturer and exporter of customized and ready-made sport and outerwear serving various brand name retailers in the U.S., Jordan and internationally.
Based on Friday's closing price of $7.42 per share, Jerash Holdings grants trailing 12-month and forward dividend yields of 2.7%. The next quarterly payment of 5 cents per common share will be made on Nov. 29. The company has only paid dividends for a few years.
On Wall Street, the stock has a median recommendation rating of buy with an average target price of $10.33 per share.
The share price has increased by more than 45% over the past year for a market capitalization of $91.5 million and a 52-week range of $5.01 to $9.20.
The 14-day relative strength index of 59 suggests the stock is neither overbought nor oversold.
Summit Financial Group
The third company dividend investors could be interested in is Summit Financial Group Inc. (SMMF, Financial), a Moorefield, West Virginia-based regional bank providing community banking and other financial services to individuals and businesses primarily in Virginia and central Kentucky. The bank operates through 43 banking branches.
Based on Friday's closing price of $26.89 per share, Summit Financial Group offers a trailing 12-month dividend yield of 2.57% and a forward dividend yield of 2.68%. The last quarterly payment of 30 cents per common share was made on Sept. 30. The company has paid dividends for more than five years.
On Wall Street, the stock has a median recommendation rating of overweight and an average target price of $28.50 per share.
The share price has fallen 30.3% over the past year, determining a market capitalization of $349.66 million and a 52-week range of $20 to $28.
The 14-day relative strength index of 54 indicates the stock is neither overbought nor oversold.
Lakeland Bancorp
The fourth company dividend investors could be interested in is Lakeland Bancorp Inc. (LBAI, Financial), an Oak Ridge, New Jersey-based regional bank providing various banking products and services for individuals and small to mid-tier businesses. The bank operates through 48 banking offices throughout New Jersey and New York.
Based on Friday's closing price of $18.59 per share, Lakeland Bancorp offers a trailing 12-month dividend yield of 2.85% and a forward dividend yield of 2.9%. The last quarterly payment of 13.5 cents per common share was made on Nov. 15. The company has paid dividends for three decades.
On Wall Street, the stock has a median recommendation rating of buy and an average target price of $21.36 per share.
The share price has risen by 49.44% over the past year, determining a market capitalization of $940.77 million and a 52-week range of $11.99 to $19.43.
The 14-day relative strength index of 51 indicates the stock is neither overbought nor oversold.
