As we move into a new earnings season, dividend hikes are on the way, with certain poor performers reducing their payouts instead. This being said, there are certain dividend-paying stocks that not only pay regularly and reliably but offer an excellent rate as well. Here is a look at five of the top dividend stocks that still have an ex-dividend date falling within this quarter.
- NYSE: ETR 52 Week Range – $98.50 – $126.82
- Annual Dividend Yield – 3.28%
- Quarterly Dividend – $1.01
- Ex-Dividend Date – 05/04/2022
- Dividend Date – May 4th
Integrated energy company serving the Deep South, Entergy is experiencing a strong year of growth in 2022. Year-to-date, ETR is up over 10% and shows no signs of slowing down. Obtaining stock to secure a decent dividend may just fruit a good return on investment as well. With a payout ratio of 60%, the company can comfortably cover its dividend, which should secure the rest of the payouts for the fiscal year as well. Utility stocks paying a dividend don’t get much better than this great prospect which has already exceeded its median price target of $128 and is well on its way to its high of $145.
- NYSE: DOW 52-Week Range – $52.07 – $71.86
- Annual Dividend Yield – 4.09%
- Quarterly Dividend – $0.70
- Ex-Dividend Date – 05/27/2022
- Dividend Date – June 10th
DowDuPoint Spinoff and US chemical company Dow Inc. is a stock that’s set to perform well during the current taxing time of tough rising inflation. In the first quarter, Dow Inc. beat its revenue estimates by 5.09% and its EPS forecast by 14.13%. With an excellent record of payouts and a rating to outperform over the coming period by Citi, DOW is an excellent dividend stock that is trading at a very low price as of the end of April. With a P/E ratio of 7.45x, this may just be the company you end up holding onto for the long run as it’s rebounding well.
Kinetik Holdings Inc.
- NASDAQ: KNTK 52-Week Range – $53.40 – $91.00
- Annual Dividend Yield – 8.7%
- Quarterly Dividend – $1.5
- Ex-Dividend Date – 05/04/2022
- Dividend Date – May 5th
Shares of the Houston-based fully integrated pure-play Permian-to-Gulf Coast midstream company that produces, transports, and processes natural gas, crude oil, and water are currently in a dip but otherwise experiencing a good year of growth. At the time of writing in the second last week of April, stock was just 3% away from its median price objective despite having recently taken a sharp slip over the last few days trading. The dividend is decent, and this energy company looks set to surpass all expectations this year. Judging by the current performance, Kinetik Holdings is set to smash through its low estimate of $70 and cruise towards its median and high of $72 and $76 consecutively.
China Petroleum & Chemical Corp ADR
- NYSE: SNP 52-Week Range – $40.60 – $55.77
- Annual Dividend Yield – 14.77%
- Quarterly Dividend – $4.40
- Ex-Dividend Date – 06/08/2022
- Dividend Date – June 30th
ADR China Petroleum & Chemical Corp. is a Chinese state-owned oil and gas company that’s delivering excellent growth prospects. Even though the Chinese petrochemical and gas giant has shown its mettle during the recent trying times, Sinopec did pause its Russian projects at the end of March, which will inadvertently have some effect on stock. Also known as Sinopec, China Petroleum & Chemical Corporation is currently trading with an ‘underweight’ rating according to JPMorgan Chase & Co, which means that it is not performing as well as it should during the current period. This being said, stocks are still extremely well priced with a P/E Ratio of just 5.40x, and no dividend investor can ignore the whopping 14.7% yield equated to $4.40 this quarter. SNP is an excellent buy for both dividends and long-term performance, in our opinion.
Newtek Business Services Corp.
- NASDAQ: NEWT 52-Week Range – $24-$38.78
- Annual Dividend Yield -11.46%
- Quarterly Dividend Amount – $0.75
- June 30th
Premier payroll services company NEWTEK Business Services Corp, which is based in New York, upped its June dividend by ten cents, a considerable rise given the company’s dividend yield. Analysts expect earnings to increase on the dividend payment, followed by another $0.14. Unfortunately, the future payout ratio following the next increase is expected to drop to 95.5% in the process. Still, NEWTEK reported increased earnings expectations for 2022 and 2022 and should supply a 12-15% return on tangible equity without any hassles. Over the last six months, NEWT shares have dropped by 12%, which opens an opportunity to buy within the 52-week range of $24.00 to $38.78. At the time of writing, stock was opening at $26.43, which leaves ample room for growth while holding for those dividends.
Note: Please do not invest money or assets in the financial markets that you cannot afford to lose. This article should not be construed to be investment advice and is for information purposes only