3 Stocks Boasting 6%+ Dividend Yields and Promising Upside Potential
Moving into the second quarter, S&P 500 companies saw a 2.3% decline in dividend payments in contrast to the first quarter.
Today, our attention pivots toward stocks that offer investors compelling dividend yields, surpassing the 6% threshold. To enhance our analysis, we'll leverage the insights offered by InvestingPro.
It's worth noting that while we'll delve into three of these stocks, they are by no means the only contenders. However, their standout feature lies in the upside potential in the medium term.
Additionally, several other notable contenders showcasing high dividend yields are as follows:
Buying individual stocks isn't the only way to bag dividends, as there are several benchmark indexes and ETFs present, each serving as a valuable reference point:
So here are three stocks with dividend yields exceeding 6% and great upside potential in the medium term:
Pioneer Natural Resources (NYSE:PXD), headquartered in Irving, Texas, is a company dedicated to hydrocarbon exploration. It was formed in 1997 through the merger of Parker & Parsley Petroleum Company and MESA.
The company presented strong results on August 1. The next earnings release is scheduled for November 7.
Standing as the top performer in the energy sector within the S&P 500 will distribute dividends on September 21, requiring shareholders to possess shares before September 5 to be eligible.
The dividend yield is nearly 8%, with a payout (the percentage of profits distributed among shareholders) of 95.15%.
In recent years, the oil and gas exploration company has experienced a notable surge in its dividend yield.
Source: InvestingPro
It has a total of 32 ratings, with 16 indicating a «buy,» 13 suggesting a «hold,» and 3 advising a «sell.»
The stock's
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