Top 10 Dividend Stocks to Watch: August 2 – 10, 2023
10. – KNTK – Kinetik Holdings Inc.
Forward Yield (%): 8.44%
Ex-Dividend Date: 2023-08-03
This week, Kinetik Holdings Inc. has placed 10th in our Top 10 Weekly Dividend Rankings. Kinetik Holdings Inc. is an energy management and services company, with core activities in power generation, refining, and supply chain logistics. The company has historically been dependable and consistent in distributing dividends, with a strong and reliable track record of stable or steadily growing dividends for many years. Its role in the energy industry has enabled Kinetik Holdings Inc. to remain a reliable option for dividend investors.
- Current stock price: $35.55
- Market Cap: $1.85 billion
- Declaration date: 2023-07-20
- Pay date: 2023-08-16
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | May-23 | Feb-23 | Nov-22 | Aug-22 | May-22 |
|---|---|---|---|---|---|
| Amount | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
| Type | Regular | Regular | Regular | Regular | Regular |
9. – MPLX – MPLX LP
Forward Yield (%): 8.74%
Ex-Dividend Date: 2023-08-03
MPLX LP ranks 9th on our weekly dividend ranking. This company is engaged in the midstream sector of the energy industry. It tends to distribute steady distributions and maintains a secure dividend policy. Their history of dividend payouts is relatively reliable and customers can expect continued payouts and growth in the coming years. About 53% of the company’s distributable cash flow is generated via fees, while the rest comes from the sale of products.
- Current stock price: $35.45
- Market Cap: $35.49 billion
- Declaration date: 2023-07-25
- Pay date: 2023-08-14
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | May-23 | Feb-23 | Nov-22 | Aug-22 | May-22 | Feb-22 | Nov-21 | Aug-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.78 | 0.78 | 0.78 | 0.70 | 0.70 | 0.70 | 0.57 | 0.69 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Special | Regular |
8. – DKL – DELEK LOGISTICS PARTNERS, LP
Forward Yield (%): 8.78%
Ex-Dividend Date: 2023-08-04
This week, DELEK LOGISTICS PARTNERS, LP takes an impressive 8th place on our top 10 dividend rankings. A premier midstream energy MLP, DELEK LOGISTICS PARTNERS, LP is mainly engaged in owning, operating, and leveraging its assets in the energy related logistics and marketing businesses. With a dividend yield of approximately 9%, and a 5-year dividend growth rate of 6.1%, it boasts an impressive stability and consistent growth in dividends through the years as a long-term investment.
- Current stock price: $47.15
- Market Cap: $2.05 billion
- Declaration date: 2023-07-26
- Pay date: 2023-08-14
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | May-23 | Feb-23 | Nov-22 | Aug-22 | May-22 | Feb-22 | Nov-21 | Aug-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 1.02 | 1.02 | 0.99 | 0.98 | 0.98 | 0.97 | 0.95 | 0.94 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
7. – OMF – OneMain Holdings, Inc.
Forward Yield (%): 8.82%
Ex-Dividend Date: 2023-08-04
Coming in at number 7 in this week’s top 10 dividend rankings is OneMain Holdings, Inc., a consumer financial services company offering responsible loan products to customers across the United States. With a robust dividend history and a strong commitment to stability, OneMain has built itself into a reliable choice for those looking for a reliable income source. The company’s dividend has grown steadily in the past five years, providing consistent returns to investors and demonstrating its long-term commitment to dividend growth.
- Current stock price: $45.35
- Market Cap: $5.47 billion
- Declaration date: 2023-07-26
- Pay date: 2023-08-11
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | May-23 | Feb-23 | Nov-22 | Aug-22 | May-22 | Feb-22 | Nov-21 | Aug-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 1.00 | 1.00 | 0.95 | 0.95 | 0.95 | 0.95 | 0.70 | 3.50 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Special |
6. – CEQP – Crestwood Equity Partners LP
Forward Yield (%): 9.12%
Ex-Dividend Date: 2023-08-04
This week, Crestwood Equity Partners LP sits at 6 in the top 10 weekly dividends. Primarily engaged in the gathering, processing, transportation and storage of natural gas and natural gas liquids, Crestwood Equity has been providing dividends for over 10 years and provides its investors with a consistent and growing dividends. Having recorded consistent growth over the past year and steady dividend history, Crestwood Equity is a stable and stably growing company worth considering for dividends.
- Current stock price: $28.74
- Market Cap: $3.03 billion
- Declaration date: 2023-07-20
- Pay date: 2023-08-14
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | May-23 | Feb-23 | Nov-22 | Aug-22 | May-22 | Feb-22 | Nov-21 | Aug-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.66 | 0.66 | 0.66 | 0.66 | 0.66 | 0.62 | 0.62 | 0.62 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
5. – ALX – Alexander’s Inc.
Forward Yield (%): 9.47%
Ex-Dividend Date: 2023-08-04
Alexander’s Inc., a mainstay in this week’s top 10 dividend rankings, is securely positioned at 5th place. It is a Real Estate Investment Trust (REIT) that specializes in the ownership, operation, and redevelopment of retail and office properties. Over the past decade, Alexander’s Inc. has shown itself to be a reliable dividend stock, rewarding investors with steady and stably growing payouts. In addition, with significant financial strength, there’s no doubt that it will be able to continue to reward shareholders.
- Current stock price: $190.08
- Market Cap: $0.97 billion
- Declaration date: 2023-07-26
- Pay date: 2023-08-18
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | May-23 | Feb-23 | Nov-22 | Aug-22 | May-22 | Feb-22 | Nov-21 | Aug-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 4.50 | 4.50 | 4.50 | 4.50 | 4.50 | 4.50 | 4.50 | 4.50 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
4. – CAPL – CrossAmerica Partners LP Common units representing limited partner interests
Forward Yield (%): 10.38%
Ex-Dividend Date: 2023-08-03
CrossAmerica Partners LP Common units representing limited partner interests is ranked fourth this week. It is a master limited partnership that engages in the wholesale distribution of motor fuels and merchandise through a network of over 1,400 locations located across 24 states. The company has seen consistent dividend growth over the past years and is an attractive choice for investors looking for stable income yield. Its focus on its retail and wholesale, business activities has made the company very profitable and thus has made the company a stable and reliable source of income.
- Current stock price: $20.24
- Market Cap: $0.77 billion
- Declaration date: 2023-07-25
- Pay date: 2023-08-11
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | May-23 | Feb-23 | Nov-22 | Aug-22 | May-22 | Feb-22 | Nov-21 | Aug-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
3. – GPP – Green Plains Partners LP
Forward Yield (%): 12.55%
Ex-Dividend Date: 2023-08-03
Green Plains Partners LP takes the third spot in the ranking this week. The limited partnership company focuses mainly on owning, operating, and acquiring ethanol and fuel storage and transportation assets. It has managed to offer a very stable dividend since its formation in 2017. This is thanks to the renewable fuel industry’s ongoing growth and its steady cash flow generation. Additionally, Green Plains Partners LP is a limited partner in Green Plains Inc., an ethanol producer that enjoys high market visibility. This helps to ensure reliable access to a steady stream of ethanol oriented business. It has maintained a reliable dividend payment history and is seen as a solid income investment choice for investors. After a dividend hike in late 2020, the company offers an annual dividend yield of 8.6%, which many investors find appealing.
- Current stock price: $14.5
- Market Cap: $0.34 billion
- Declaration date: 2023-07-20
- Pay date: 2023-08-11
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | May-23 | Feb-23 | Nov-22 | Aug-22 | May-22 | Feb-22 | Nov-21 | Aug-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.46 | 0.46 | 0.46 | 0.45 | 0.45 | 0.44 | 0.43 | 0.12 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
2. – SACH – Sachem Capital Corp. Common Shares
Forward Yield (%): 13.65%
Ex-Dividend Date: 2023-08-04
Sachem Capital Corp. Common Shares is this week’s number two in our top 10 dividend rankings. Sachem Capital is a Maryland corporation focused on originating, underwriting, funding, and managing a portfolio of real estate loans to veteran and family residential real estate investors. The company has provided short-term real estate secured loans, commonly referred to as bridge loans, since 2008.
Sachem has consistently maintained and grown its dividend payments since since its 2008 inception. It currently pays a dividend of $0.05 per share each quarter for an annual yield of around 11.2%. Its share price has held steady, rewarding investors with increasing yields as share prices maintain their positive growth.
The company’s focus on providing bridge loans has been well-managed and has provided investors with consistent returns due to a stable portfolio and relatively low default rate. With its portfolio well diversified by loan size, geographic location, and loan product, Sachem has continually delivered on its commitment to generate value for its shareholders and has proven stable and growing dividend potential.
- Current stock price: $3.81
- Market Cap: $0.17 billion
- Declaration date: 2023-07-26
- Pay date: 2023-08-11
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | Apr-23 | Jan-23 | Nov-22 | Jul-22 | Apr-22 | Jan-22 | Oct-21 | Jul-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.13 | 0.13 | 0.13 | 0.14 | 0.12 | 0.12 | 0.12 | 0.12 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
1. – LPG – DORIAN LPG LTD
Forward Yield (%): 13.70%
Ex-Dividend Date: 2023-08-09
This week, Dorian LPG Ltd is ranked number one in our weekly dividend rankings. It is a publicly-traded company focusing on the liquefied petroleum gas shipping industry. This sector has been steadily growing for the past few years, leading to a surge in demand for Dorian LPG’s vessels.
Dorian LPG’s ships are modern, efficient, and highly maneuverable, allowing efficient trade between international trading partners. These efficiencies, combined with robust global demand, have helped drive earnings and dividends for shareholders. The company pays a regular quarterly dividend, with a notable history of dividend increases. Over the past five years, the company has more than tripled its quarterly dividend payments, from $.07 per common share in August of 2015 to its current rate of $.25 per quarter.
Dorian LPG has a strong balance sheet that allows the company to pay its dividends and invest in future growth. Going forward, the company plans to focus on deploying its current fleet and expanding international operations. Its combination of stable and growing earnings and a responsible dividend policy has allowed Dorian LPG to rise to the top of our rankings.
- Current stock price: $29.19
- Market Cap: $1.18 billion
- Declaration date: 2023-07-27
- Pay date: 2023-09-06
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | May-23 | Feb-23 | Dec-22 | Sep-22 | Jun-22 | Jan-22 | Sep-21 |
|---|---|---|---|---|---|---|---|
| Amount | 1.00 | 1.00 | 1.00 | 1.00 | 2.50 | 1.00 | 1.00 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
