Top 10 Dividend Stocks to Watch: May 14-21, 2023

10. PSX – Phillips 66

Forward Yield (%): 4.51%

Ex-Dividend Date: 2023-05-19

Kicking off our top 10 is Phillips 66, a major player in the energy industry. The company operates in refining, midstream, chemicals, and marketing and specialties, providing a diverse range of products and services.

9. PRK – Park National Corporation

Forward Yield (%): 4.14%

Ex-Dividend Date: 2023-05-18

Next up is Park National Corporation, a financial holding company with a long history in banking and trust services. Park National has a strong reputation for stability and consistent dividend payouts.

8. WHR – Whirlpool Corporation

Forward Yield (%): 5.36%

Ex-Dividend Date: 2023-05-18

Whirlpool Corporation, a global leader in home appliances, takes the eighth spot on our list. With a long history of innovation and a stable dividend payout, Whirlpool is a solid choice for investors.

7. CCOI – Cogent Communications Holdings, Inc.

Forward Yield (%): 5.84%

Ex-Dividend Date: 2023-05-17

Ranked seventh is Cogent Communications Holdings, Inc., a leading internet service provider specializing in providing high-speed internet to businesses and data centers. Cogent’s stable dividend history makes it an attractive option for investors in the tech sector.

6. CHK – Chesapeake Utilities Corporation

Forward Yield (%): 5.92%

Ex-Dividend Date: 2023-05-17

At number six, we have Chesapeake Utilities Corporation, a diversified energy company engaged in natural gas distribution, transmission, and marketing. With a long and stable history of dividends, this company offers a compelling option for investors seeking exposure to the energy sector.

5. MMM – 3M Company

Forward Yield (%): 5.98%

Ex-Dividend Date: 2023-05-18

3M Company, a multinational conglomerate operating in various sectors, including health care, consumer goods, and electronics, takes the fifth spot. Known for its innovative products and a long, stable history of dividends, 3M is a strong contender in any investor’s portfolio.

4. CHRD – Chardan Healthcare Acquisition 2 Corp

Forward Yield (%): 9.02%

Ex-Dividend Date: 2023-05-15

Chardan Healthcare Acquisition 2 Corp, a special purpose acquisition company (SPAC) focused on the healthcare sector, comes in fourth place. While SPACs can be more volatile investments, the high forward yield and the company’s focus on healthcare may be appealing to some investors.

    • Current stock price: $142.73
    • Declaration date: 2023-05-03
    • Pay date: 2023-05-30
    • Yahoo Finance Link

3. RILY – B. Riley Financial, Inc.

Forward Yield (%): 11.62%

Ex-Dividend Date: 2023-05-15

In third place, we have B. Riley Financial, Inc., a diversified financial services company providing investment banking, advisory, valuation, and other services. This company has a strong presence in the financial sector and offers a high forward yield for income-focused investors.

2. IEP – Icahn Enterprises L.P.

Forward Yield (%): 22.60%

Ex-Dividend Date: 2023-05-19

Just shy of the top spot is Icahn Enterprises L.P., a diversified holding company engaged in a variety of industries, including investment, automotive, energy, and more. With a high forward yield and the backing of famed investor Carl Icahn, this company is a noteworthy option for investors.

1. NRT – North European Oil Royalty Trust

Forward Yield (%): 27.34%

Ex-Dividend Date: 2023-05-18

Topping our list is the North European Oil Royalty Trust, a grantor trust that derives its income from royalties on the production and sale of oil and natural gas in Germany. With an impressive forward yield, this company offers a unique investment opportunity for those interested in the energy sector.