Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

The U.S. stock market has climbed strongly in the past twelve months, with an impressive 23% gain. Assuming annual earnings rise by 15%, analysts predict an ongoing increase.

Dividend stocks become a desirable choice for investors against this stable and expanding background since they provide consistent income and possible capital appreciation. Let’s now examine some of the best choices found by our screening procedure closer-up.

Norwood Financial Corp.

Norwood Financial Corp. (NASDAQ:NWFL) is a holding company for Wayne Bank and provides banking and related financial services.

With a market capitalization of around $203.81 million, the company has demonstrated its commitment to shareholders through regular dividend payments.

Norwood Financial Corp. earns approximately $64.28 million annually from its banking activities. In April 2024, the corporation raised its quarterly cash payback by 3.5% to $0.30 per share.

Norwood Financial keeps an attractive dividend yield of 4.74%, which ranks it within the top quartile of U.S. dividend-paying equities, even if Q1 2024 presents difficulties. Recent shelf filings suggest possible capital-raising operations supporting continuous dividend support.

Carter's

The leading childrenswear company, Carter’s, Inc. (NYSE:CRI), is based in the United States and operates internationally. Comprising a market valuation of around $2.50 billion, the corporation generates income in three main areas:

• U.S. Retail: Carter’s U.S. retail activities bring in $1.49 billion.

• U.S. Wholesale: This division generates $998.73 million

• International: Carter generates $426.78 million in income from its activities abroad.

Carter has confirmed a quarterly dividend of US$0.80 per share, although its dividend yield of 4.68% is slightly below that of the top quartile of U.S. dividend companies. The corporation is committed to shareholder rewards.

Sustainability Metrics

• Earning Payout Ratio: At 48.1%, the company’s payouts are sustainable.

• Cash Payout Ratio: The cash payout ratio is twenty-nine percent.

However, Carter’s has seen dividend fluctuation over the past 10 years, which adds some worry. Sales fell somewhat in Q1 2024, but net income and earnings per share (EPS) improved yearly, showing operational resiliency.

Exxon Mobil

Exxon Mobil Corporation (NYSE:XOM), the worldwide oil and gas giant with a market value of over $462 billion, held its most recent shareholder meeting. Although ideas for improved environmental disclosures and pay equity reporting were rejected, the company reaffirmed its willingness to reimburse cash to investors via dividends.

With vast upstream and downstream activities spanning the U.S. and foreign markets, the oil giant generated enormous revenues — almost $128 billion from U.S. energy products and nearly $192 billion abroad last year. Its specialty divisions and upstream chemicals boost the top line by billions more.

Despite its substantial cash flows, Exxon’s dividend yield of 3.2% trails that of the highest-paying American companies. Operating cash flows covering over half of the dividend obligations support a moderate 45.7% payout ratio as the company announced a quarterly dividend of $0.95 per share.

With earnings expected to rise barely 3.45% yearly, analysts voice doubts about Exxon’s future development path. After the recent votes against further openness on pay equity and environmental impact reporting, questions also center on the company’s governance policies.

Are You Missing Out On Higher Yields?

The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks... Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider.

For instance, Basecamp Alpine Notes offers a target APY of 9% with a term of only three months, making it a powerful short-term cash management tool with incredible flexibility. EquityMultiple has issued 61 Alpine Notes Series and has met all payment and funding obligations with no missed or late interest payments. With a low minimum investment of just $1,000, Basecamp Alpine Notes makes it easier than ever to start building a high-yield portfolio. 

Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This article 3 High-Yield Dividend Stocks To Watch In June originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.