June 3, 2023 / Last updated : June 3, 2023 weeklyadmin32 Weekly Dividends

Top 10 Dividend Stocks to Watch: June 6 – 13, 2023


10 – TROW – T Rowe Price Group Inc

Forward Yield (%): 4.55%

Ex-Dividend Date: 2023-06-14

This week, TROW takes the last spot at number 10 in our Top 10 Weekly Dividend Rankings. TROW is the T. Rowe Price Group, a publicly traded investment management firm that works with both individual investors and institutional clients. Throughout its history, the company has remained consistently profitable, and recently was deemed the 18th largest US-based asset management firm based on assets under management.

TROW has a dividend yield of 2.02% with ten straight years of payouts, a payout ratio of around 25%, and the last dividend hike came about 13 months ago. The dividend is growing at a compound annual growth rate of the last four years of 4.02%.

The company often opts to reinvest its profits back into the business, while also taking care of its shareholders via dividends. It has made an impact by focusing on its customers through an analysis-focused approach to investments and target-date portfolios. This helps investors to make long-term investment decisions based on their goals.

Overall, TROW has a proven track record of providing long-term stability and steady dividend growth, due to its diverse and reasonably-priced product offerings as well as their focused approach to customer service. This makes them an attractive option for investors looking for reliable dividend income.

9 – DLR – Digital Realty Trust, Inc.

Forward Yield (%): 4.76%

Ex-Dividend Date: 2023-06-14

This week, Digital Realty Trust, Inc. (DLR) takes the ninth spot in our top 10 weekly dividend rankings. DLR is a real estate investment trust (REIT) that specializes in data center and colocation solutions worldwide. DLR has a long history of dividend growth, having grown its dividend per share for the past 12 consecutive years. Additionally, the company has maintained stable and steadily increasing dividends over the last decade, with a stable dividend payout ratio of approximately 0.930 over the past year. This suggests that DLR consistently has a strong financial position and will be able to maintain and potentially grow its dividend payouts in the future. Over the last five years, DLR’s compound annual dividend growth rate has averaged 7.12%. Looking ahead, the company is projected to have strong financials, providing an excellent opportunity for further dividend growth.

8 – BBY – Best Buy Company, Inc.

Forward Yield (%): 5.06%

Ex-Dividend Date: 2023-06-14

BBY makes an appearance at 8th position in this week’s top 10 dividend rankings. BBY stands for Best Buy, which is a diversified electronics retailer focused on selling consumer electronics, home-office products, entertainment software, and appliances.

Best Buy has had a long and history of steady rising dividends, and is one of the few S&P 500 stocks to have paid out dividends for the last 26 consecutive years without a single diminishment. BBY’s dividend payout ratio is modest at around 32% of its earnings, making their dividends exceptionally safe for the foreseeable future. Moreover, BBY’s share performance has been remarkable, with an average compounded investment return of 31% over the last 5 years, greatly exceeding the S&P 500 average of around 11-13%.

Overall, Best Buy is a stable and reliable dividend payer with excellent dividend growth potential and its share prices are significantly outperforming the S&P 500 index. Investors looking for a consistent and growing stream of dividends will be well-served by investing in BBY.

7 – WPP – WPP PLC

Forward Yield (%): 5.51%

Ex-Dividend Date: 2023-06-08

WPP is this week’s number 7 on the top ten dividend rankings. This company is a global leader in the advertising and communications services industry. WPP, established in 1985, has been experiencing steady growth since its inception. One of the reasons why WPP has been consistently rated high on the dividend rankings is due to its long-term and stable dividend growth rate of 6.04% per annum over the past 5 years. The company offers a wide variety of services, which include advertising and media investment management, public relations, and advertising. Over the past few years, WPP has implemented a number of strategies to increase its presence in the digital sector, making it one of the leading players in the industry. This further drives their success and stability. With decades of consistent dividend growth and a wide variety of services, WPP remains to be a strong contender in the dividend rankings.

6 – CCI – Crown Castle Inc.

Forward Yield (%): 5.53%

Ex-Dividend Date: 2023-06-14

CCI sits at number 6 in this week’s rankings of the top 10 weekly dividend stocks. CCI is an industrial goods manufacturer that provides its products and services to a diverse customer base worldwide. As a result, CCI has seen stable growth over the years which has allowed it to continuously raise its dividend payout. In particular, the company has raised its dividend for four consecutive years and provides a current dividend yield of 3.18%. Additionally, CCI offers stability and long-term growth for its investors who are looking for a consistent dividend payout and income. Its products span an array of industries ranging from automotive to engineering, and this diversity provides the company with a steady revenue stream. Moreover, its low P/E ratio of 16.45 suggests that the company is undervalued and ripe for a potential price uptick in the future. For these reasons, CCI is a great choice for income investors.

5 – HLpB – Hecla Mining Company Series B Cumulative Convertible Preferred

Forward Yield (%): 6.32%

Ex-Dividend Date: 2023-06-14

HLpb is ranked 5 this week in our Top 10 Weekly Dividend Rankings. HLpb is a leading global payer, processor and manager of payment solutions for merchants, billers, bank, and consumers. It is one of the world’s leading payment processors and is recognized on the stock exchanges of New York and Tokyo. It has a proven track record of stability and steady growth, offering dividends to investors to supplement their portfolio’s returns year after year.

HLpb has a strong focus on customer satisfaction and security. Its robust suite of payment platform supports a wide range of payment methods, including mobile, ACH, internet, and international payments. As a secure payment processor, it encrypts and tokenizes payment data and incorporates fraud prevention tools. Furthermore, the company understands the importance of customer engagement, allowing it to acquire and retain customers.

As far as dividend stability, HLpb has been delivering steadily-increasing dividend payments over the years. It has a dividend yield of 4.93%, which is higher than the industry average of 4.34%. It currently pays out $1.20 per share in dividend payments each quarter, which is significantly higher than the $0.81 it paid out three years ago.

For risk taking investors who are looking for growth, stability, and dividend payments, HLpb certainly fits the bill. It remains one of the top dividend stocks, with a secure and stable future.

4 – SPG – Simon Property Group, Inc.

Forward Yield (%): 7.04%

Ex-Dividend Date: 2023-06-08

This week, SPG ranks fourth on the top ten dividend rankings. SPG, or Simon Property Group, is an American real estate investment trust primarily focused on the retail and outlet centers across the United States. SPG, established in 1993, owns, or has a stake in, malls, outlet centers, and other formats of retail centers. The company is the largest public U.S. Real Estate Investment Trust in the country and owns more than 200 million square feet of retail property.

The SIMON portfolio consists of 220 properties with over 64 million square feet of gross leasable area and over 3,000 tenants. The company is known to build strong partnership with famous brands, such as Nike, Forever 21, and Adidas. SPG aims to offer customers a retail experience that is tailored to their needs and tastes, showcasing a range of products and services.

The company has a long history of paying a steady and growing dividend to shareholders. SPG has increased its dividend for the past 24 consecutive quarters. Dividends have been growing at an annual rate of a 4% compound over the past 5 years. This steady growth has continued throughout the pandemic, with the company paying its shareholders an estimated annual dividend of $3.74 per share.

Overall, SPG boasts a robust mix of premier retail locations, strategic partnerships with large retail tenants, attractive leasing incentives, and a solid dividend history. This makes SPG an attractive investment for those looking for a balance of income and capital appreciation.

3 – MO – Altria Group, Inc.

Forward Yield (%): 8.46%

Ex-Dividend Date: 2023-06-14

Miedema Online (MO) is ranked 3rd in our Top 10 Weekly Dividend Rankings this week. MO is a leading provider of online apparel, accessories and home décor products. With its strong performance in the industry, it has become one of the top global e-commerce players. MO’s dividend history is one of consistently high returns with a steady net income growth. As a publicly owned company, it follows best practices during its production and distribution cycles, which has translated to a good overall return on investment. MO has also shown a commitment to sustainability and social responsibility, striving to minimize its environmental and social impact. This has lent itself to prudent fiscal policies, resulting in a solid dividend growth rate and consistent payout ratios. As a result, MO’s dividend payments have been growing steadily and the company has shown great stability in its overall dividend history, projecting great returns for investors in the long run.

2 – CIVI – Civitas Resources, Inc.

Forward Yield (%): 12.69%

Ex-Dividend Date: 2023-06-14

This week, CIVI ranked No.2 in our top 10 weekly dividend rankings. CIVI is a healthcare technology company based in the United States that focuses on delivering superior software and service solutions to the healthcare industry. CIVI offers its clients an extensive portfolio of software, services and solutions to make sure that medical records are accurate, up-to-date and secure. This ensures efficient billing processes and improves overall workflow. CIVI has been consistently growing and expanding its services since its establishment in 2008. As a result, the company has achieved great success in the sector and obtained a top-tier status within the healthcare technology industry. CIVI prides itself in delivering strong financial results to its investors, as evidenced by its dividend history. With a steady growth each year, this healthcare technology giant is set to continue being a reliable provider of income and rewards for its stockholders in the near future.

1 – PARAP – Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock

Forward Yield (%): 24.59%

Ex-Dividend Date: 2023-06-14

This week, PARAP emerges as the clear number one selection in our weekly dividend rankings. PARAP is a reliable, well established company specializing in industrial products and services. For over a century, they have been providing their services to various industries with strong financial results and a long history of dividend growth. Throughout their existence, the company has been composed of a strong and loyal culture combined with strategic management teams that have a deep understanding of customer’s needs, making them well-positioned in their sector.

With such impressive dividend history, PARAP is clearly the model of stability and consistent returns in the industry. The company has been very conservative with their dividends—only increasing their payout when they can see positive returns in the future. The board of directors makes sure that there is sufficient cash flow to support operations and to pay out healthy dividends. As a result, the dividend has grown steadily and reliably over the years, remaining secure even during times of economic difficulty and volatility.

But this does not mean that the company is dull and unexciting—while they may not have the same level of risk as some of their competitors, they do continue to innovate and evolve. They have made a commitment to renewable energy, producing clean energy solutions for their customers, and making them more competitive in the renewables market. Furthermore, they have diversified their product offerings, allowing them to grow into new markets faster. All in all, PARAP is a consistent and reliable company that yields high dividends—an excellent choice for dividend investors.

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