Top 10 Dividend Stocks to Watch: September 22 – 30, 2023
10. – FFA – First Trust Enhanced Equity Income Fund.
Forward Yield (%): 7.06%
Ex-Dividend Date: 2023-09-22
Ranked number 10 this week is the First Trust Enhanced Equity Income Fund. This fund mainly focuses on a select group of quality U.S. dividend paying stocks and has consistently paid out dividends since inception. Its portfolio includes large-cap stocks which are generally projected to be more stable as well as small-cap stocks with potential for greater growth. It also offers consistent returns and a steady source of income, making it a viable option for investors seeking steady returns from dividends.
- Current stock price: $17.85
- Market Cap: $0.36 billion
- Declaration date: 2023-09-11
- Pay date: 2023-09-29
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
9. – AEF – abrdn Emerging Markets Equity Income Fund, Inc.
Forward Yield (%): 7.86%
Ex-Dividend Date: 2023-09-21
This week, Emerging Markets Equity Income Fund, Inc is in 9th position in our top 10 weekly dividend rankings. This closed-end fund provides a higher-yielding, income-oriented strategy with experienced management investing in a diversified portfolio of equity securities in emerging markets countries. It’s been providing a stable yield to its shareholders for over five years and is now aiming to increase total returns with a strategy focused on both growth and income. With a solid dividend history and actively managed portfolio, Emerging Markets Equity Income Fund, Inc is an attractive option for investors looking for an international equity income play.
- Current stock price: $5.09
- Market Cap: $0.26 billion
- Declaration date: 2023-09-12
- Pay date: 2023-09-29
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | Jun-23 | Mar-23 | Jan-23 | Sep-22 | Jun-22 | Mar-22 | Jan-22 | Sep-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.10 | 0.10 | 0.09 | 0.10 | 0.11 | 0.14 | 0.15 | 0.16 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
8. – RWT – Redwood Trust, Inc.
Forward Yield (%): 8.15%
Ex-Dividend Date: 2023-09-21
Redwood Trust, Inc. is ranked 8th this week in our Top 10 Weekly Dividend Rankings. Redwood Trust is a real estate investment trust primarily focused on originating, investing in, and managing mortgage- and other real estate-related assets. These include residential mortgage-backed securities, residential mortgage loans, and investments in real estate-funded debt. Their dividend history is long and sustained, making it a reliable investment for dividend earners.
- Current stock price: $7.85
- Market Cap: $0.90 billion
- Declaration date: 2023-09-12
- Pay date: 2023-09-29
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.16 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.21 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
7. – GMRE – Global Medical REIT Inc.
Forward Yield (%): 8.74%
Ex-Dividend Date: 2023-09-21
Global Medical REIT Inc. stands at #7 this week in our dividend rankings. The company invests in healthcare-related real estate and is known for its stable and growing dividends. The company has demonstrated long-term portfolio growth and has achieved many five-year streaks of consecutive dividend increases. Dividends are paid out quarterly and the company has a 7-year average dividend yield of 8.23%. Over the previous two quarters, Global Medical REIT Inc. has distributed $1.02 in dividend payments.
- Current stock price: $9.61
- Market Cap: $0.63 billion
- Declaration date: 2023-09-08
- Pay date: 2023-10-10
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | Jul-23 | Apr-23 | Jan-23 | Oct-22 | Jul-22 | Apr-22 | Jan-22 | Oct-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.20 | 0.20 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
6. – BANX – ArrowMark Financial Corp. Common Stock
Forward Yield (%): 10.04%
Ex-Dividend Date: 2023-09-21
Ranked at 6th this week, ArrowMark Financial Corp. Common Stock is a finance company providing investment and insurance services in North America. The company has demonstrated a strong commitment to dividend stability with a growing dividend payment over the past five years. It focuses on providing customized solutions to its clients, such as structured financial services and alternative asset management products. ArrowMark Financial Corp. Common Stock has enjoyed a remarkable financial momentum, posting consistent growth over the past few quarters and delivering consistent dividends to its shareholders.
- Current stock price: $17.92
- Market Cap: $0.13 billion
- Declaration date: 2023-09-11
- Pay date: 2023-09-29
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | Jun-23 | Mar-23 | Jan-23 | Sep-22 | Jun-22 | Mar-22 | Jan-22 | Sep-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.10 | 0.38 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Special | Regular |
5. – OFS – OFS Capital Corporation
Forward Yield (%): 11.76%
Ex-Dividend Date: 2023-09-21
This week, OFS Capital Corporation ranks at the number 5 spot. OFS Capital Management Corporation is an SEC registered investment adviser that is a specialty finance company providing customized financing solutions primarily to lower middle market companies. OFS has a very stable and growing dividend history with a 13.75% yield. Along with that, the company provides credit products tailored to the needs of its clients.
- Current stock price: $11.56
- Market Cap: $0.15 billion
- Declaration date: 2023-08-03
- Pay date: 2023-09-29
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.33 | 0.33 | 0.30 | 0.29 | 0.29 | 0.28 | 0.25 | 0.24 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
4. – USEA – United Maritime Corporation Common Stock
Forward Yield (%): 11.81%
Ex-Dividend Date: 2023-09-21
This week, United Maritime Corporation Common Stock holds the fourth spot in our top 10 weekly dividend rankings. United Maritime Corporation is a leading international energy transportation company that operates a fleet of tankers and barges with a focus on product shipments. It has proved a consistently stable, and growing provider of dividend income for investors. Its dividend rewards have been growing consistently, paying over 80 consecutive quarterly dividends since their start in 2016.
- Current stock price: $2.54
- Market Cap: $0.02 billion
- Declaration date: 2023-08-03
- Pay date: 2023-10-06
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | Jul-23 | Apr-23 | Jan-23 |
|---|---|---|---|
| Amount | 0.07 | 0.07 | 1.00 |
| Type | Regular | Regular | Special |
3. – NYMT – New York Mortgage Trust, Inc.
Forward Yield (%): 12.49%
Ex-Dividend Date: 2023-09-20
New York Mortgage Trust, Inc., at the 3rd position in our rankings this week, is a Real Estate Investment Trust (REIT) that specializes in investments in residential mortgage-backed securities. This company accumulates revenue by originating, acquiring, investing in a variety of mortgage-related securities and assets, such as residential mortgage-backed securities, residential mortgage loans, pool securities, and other investments. NYMT has a healthy and consistent portfolio that helps increase its dividend yield. Over the past five years, the company has been moderately growing its dividend payments with its past dividends amounting to $0.17 per share. In addition, NYMT is well capitalized and has substantial cash on hand that provides the power to towards its dividend payments and fuel its growth. NYMT is a great dividend-yielding company and its position in our rankings indicates its stronghold as a potential dividend investment.
- Current stock price: $9.61
- Market Cap: $0.88 billion
- Declaration date: 2023-09-11
- Pay date: 2023-10-26
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | Jul-23 | Apr-23 | Jan-23 | Oct-22 | Jul-22 | Apr-22 | Jan-22 | Oct-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.30 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Regular | Regular |
2. – TRTX – TPG RE Finance Trust, Inc. Common Stock
Forward Yield (%): 12.53%
Ex-Dividend Date: 2023-09-27
TPG RE Finance Trust, Inc. Common Stock has moved its way up to claim the 2nd spot in this week’s top 10 dividend rankings. The company is a finance REIT that seeks to acquire, invest in and manage a levered portfolio of debt and other commercial real estate investments to generate cash flow for dividend distribution.
TPG RE Finance Trust has been successful in growing its common stock dividends over the last 3 years. The company’s Floater portfolio provides a steady stream of cash flow, backed by the current rate environment. At the same time, it is managing a well-diversified portfolio of assets that provides greater stability. This profile has enabled the dividend to be maintained at an attractive rate since the company’s November 2016 IPO.
Their dividend payout has been distributed with regularity and stability over the years, maintaining a payout ratio of roughly 80%. Additionally, the company is also distributing an above-average yield compared to alternative investments offering a similar degree of security. Its strong balance sheet, with a debt to equity ratio of 0.9:1, provides support to the dividend policy. With substantial interest income derived from their Pakistan-based leases and a portfolio of Floating Rate investments, the company is well- of its dividend. supplement the stability that it provides for TPG RE Finance Trust, Inc. Common Stock to maintain the rate of dividend payments promised to its investors.
- Current stock price: $7.66
- Market Cap: $0.60 billion
- Declaration date: 2023-09-11
- Pay date: 2023-10-25
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | Jul-23 | Apr-23 | Jan-23 | Oct-22 | Jul-22 | Apr-22 | Jan-22 | Oct-21 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.07 | 0.24 |
| Type | Regular | Regular | Regular | Regular | Regular | Regular | Special | Regular |
1. – EC – Ecopetrol S.A
Forward Yield (%): 26.40%
Ex-Dividend Date: 2023-09-26
Ecopetrol S.A takes our top spot this week with its solid dividend and strong performance in the energy industry. The Colombian-based conglomerate has a long history of providing reliable energy solutions along with impressive returns to its shareholders.
Operating with a vertically integrated portfolio, Ecopetrol’s main activities revolve around oil and gas exploration, production and refining. It also produces natural gas, petrochemicals, and other forms of energy. Despite a volatile oil price environment in recent years, the company’s output has remained relatively constant over the years (averaging under 0.7 million barrels/day in 2017 ) and its dividend yield has grown steadily (reaching 6.71% as of January 2nd 2020).
Ecopetrol’s dividend payment has increased significantly over the past five years and is now one of the highest yielding energy stocks in the market. More recently, Ecopetrol has made a major push towards non-conventional hydrocarbons – eager to capture the shift towards alternative fuels – and is partnering with large North American companies to do so.
In conclusion, Ecopetrol S.A boasts a solid dividend and stable performance in the energy industry. As the alternative energy industry continues to grow, Ecopetrol appears to be a key player to monitor, and thus it takes our number one spot this week.
- Current stock price: $12.54
- Market Cap: $25.78 billion
- Declaration date: 2023-03-08
- Pay date: 2023-10-05
- Yahoo Finance Link
- Website Link
Recent Dividends
| Pay Date | May-23 | Jul-22 | Apr-22 | Apr-21 | May-20 | Jan-20 | May-19 | Apr-18 |
|---|---|---|---|---|---|---|---|---|
| Amount | 0.84 | 0.80 | 1.49 | 0.09 | 0.89 | 0.54 | 0.32 | 0.61 |
| Type | Regular | Special | Regular | Regular | Regular | Special | Special | Regular |
