As we head into November with talk of crude oil above $ 80 a barrel and supply chain disruptions threatening to upset …
As we head into November with talks of crude oil above $ 80 a barrel and supply chain disruptions threatening to upend holiday buying trends, there are plenty of reasons to be wary of typical stocks. of Wall Street in the short term. But if you are a long-term investor, there are still plenty of opportunities.
Specifically, the following five stocks all enjoyed double-digit equity appreciation over the past 30 days, as well as a dividend yield more than 3%. When you compare these factors to a volatile S&P 500 index which is only returning 1.3% on average right now, these high dividend paying stocks for November stand out:
– EnLink Midstream LLC (ticker: ENLC)
– Hewlett Packard Enterprise Co. (HPE)
– Phillips 66 (PSX)
– Unum Group (A M)
– WesBanco Inc. (WSBC)
EnLink Midstream LLC (ENLC)
Half-way energy store Operating primarily in Texas, Oklahoma and Louisiana, ENLC focuses on the transportation and storage of natural gas and natural gas liquids through an 11,900 mile network of pipelines and nearly 30 processing and fractionation facilities that separate crude fossil fuels into usable parts. Energy demand increased in 2021 thanks to a recovery in the US economy now that the worst of the pandemic has passed, meaning more gas is passing through ENLC facilities. To be sure, the stock is still well below its 2017 highs and its dividend remains significantly below pre-pandemic levels. But the 9.4-cent quarterly pay comes on top of a generous return to current stock prices – and the stock appears to have leveled off, tripling from its 52-week low.
Dividend yield: 4.7%
Hewlett Packard Enterprise Co. (HPE)
In 2014, consumer electronics giant Hewlett Packard restructured into two companies – HP Inc. ( HPQ), which took over the desktop and laptop printing business, and HPE-focused business software and services. HPE is decidedly the more attractive of the two in the mobile age because of its long-term service contracts with enterprises. While business is not necessarily booming from the point of view of executives, this enterprise-oriented company technology company is doing quite well in terms of profitability. Specifically, HPE is expected to see earnings grow by more than 42%, from $ 1.35 last year to around $ 1.93 per share in fiscal 2021. And with a very sustainable dividend of just $ 12. cents per quarter or 48 cents per year, HPE’s revenue stream is secure and likely to grow over time if profits continue to rise.
Dividend yield: 3.2%
Phillips 66 (PSX)
Oil and petrochemical refinery giant Phillips 66 is the branch of the refinery spun off from parent company ConocoPhillips ( COP) in 2012. Over the past decade, the company has focused its activities on this specific segment of the energy market. While stocks have admittedly been month-over-month volatile in 2021, the PSX appears to be on the rise as we enter November and end the year. This is because refineries are the last part of the petroleum distribution chain, turning crude crude into usable products, and a big step forward in crude oil over the last few months means that PSX oil bought a few months ago at bargain prices can be turned into very expensive end products here and now. From a dividend perspective, Phillips 66 has a long history of increasing payouts with the recently announced rise from 90 to 92 cents per share marking its 10th consecutive year of increasing dividends.
Dividend yield: 4.8%
Unum Group (A M)
Although based in Tennessee, Unum is a global company insurance provider which serves the United States as well as the United Kingdom and Europe under names such as Unum International, Colonial Life and Closed Block. Its offerings include disability, group life, supplemental, dental and vision plans, as well as a host of other insurance products. Certainly, this kind of business is never going to burn down the house with skyrocketing growth. However, Unum is a well-run company that delivers consistent performance to its shareholders. Unum is up about 20% year-to-date in 2021 and in July it increased its quarterly dividend from 28.5 to 30 cents per share. You might not see your money doubling overnight in a stock like UNM, but long-term dividend investors might be well served by this $ 6 billion insurer.
Dividend yield: 4.5%
WesBanco Inc. (WSBC)
Regional banking stocks benefit directly from rising interest rates because they can get better returns on their business and consumer loans. WesBanco Bank is taking advantage of this general trend, while offering specific improvements to its operations. For starters, earnings per share are expected to skyrocket from $ 1.88 last fiscal year to $ 3.58 in fiscal 2021 if projections hold. And WSBC is deploying that money with its shareholders in mind, including a plan to repurchase some 3.2 million WesBanco common shares on the open market and a planned dividend increase in early 2021 that brings the quarterly payout to 33. cents per share and a return of about three times the larger S&P 500 Index.
Dividend yield: 3.8%
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