Everyone loves dividends because they provide a passive income stream, limit drawdowns on other positions, and provide multiple ways to profit from your investments.
Additionally, when considering high dividend stocks, the top priority should be those that have consistently paid dividends, reflecting their commitment to shareholders.
For those looking for high-yield stocks with positive outlooks and solid dividend histories, Sunoco SUN, Xerox XRX, and Golden Ocean Group GOGL fit the bill. Let’s take a closer look at each.
Drainboard
Sunoco LP is the largest independent fuel distributor in the United States, selling more than 8 billion gallons of fuel annually to more than 33 states. The stock boasts a Zacks Rank #1 (Strong Buy) and earnings expectations are rising across all time frames.
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Currently, the company’s annualized yield is a massive 5.8%, blowing away the Zacks Oils & Energy sector’s average of 3.4%. It’s worth noting that the company announced a 2% increase in its dividend last year.
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Xerox
Xerox currently has a Zacks Rank #1 (Strong Buy) and continues to be a leader in the contract printing and document services market. Analysts have raised their forecasts across the board, and the revision trends for this and next fiscal year are particularly bullish.
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The current stock yield is 5.8% per annum, which means a sustainable payout ratio equals 55% of the company’s profits. As you can see below, the current yield beats the average for the Zacks Industrial Products sector.
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golden ocean group
Golden Ocean Group is a shipping company that transports dry bulk cargo. The stock maintains a Zacks Rank #1 (Strong Buy) and earnings expectations are rising across several time frames.
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The company’s dividend growth has been strong, with a significant annual dividend growth rate of 44% over five years. The stock’s yield is quite high at 9.3% per year, which is far behind the Zacks Transportation sector’s average yield of 1.8%.
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Golden Ocean’s growth is expected to pick up significantly this fiscal year, with consensus estimates suggesting a 31% increase in sales and a 150% recovery in earnings. Consensus forecasts for fiscal 2025 are for a further 20% profit increase on 7% sales improvement.
conclusion
Dividends provide a huge boost to any portfolio, providing a source of passive income and many other distinct benefits. And when it comes to high-yield stocks with positive prospects, all three of the stocks mentioned above fit that criteria nicely: Sunoco SUN, Xerox XRX, and Golden Ocean Group GOGL.
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Xerox Holdings Corporation (XRX): Free Stock Analysis Report
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