Top 43 Stocks that Pay Dividends in April – 2024

Are you ready to boost your April earnings with dividend-paying stocks?

In the world of investing, where every month offers unique opportunities, April stands out as a promising time to boost your earnings. As the first quarter comes to a close and spring ushers in renewed financial optimism, it’s the perfect moment to explore dividend-paying stocks. 

Are you ready to make your money work for you? Join us on a journey through 43 handpicked dividend stocks for April, unlocking a world of income potential and wealth building in this dynamic market.

Best Stocks that Pay Dividends in April

Cisco

(Dividend yield: 2.96%, Payout ratio: 50.16%)

Cisco offers a moderate dividend yield with a healthy payout ratio, making it an appealing choice for income investors. The technology company’s consistent dividend policy reflects its financial stability.

>> Cisco Dividend History

Kimberly Clark

(Dividend yield: 3.90%, Payout ratio: 90.38%)

Kimberly Clark provides a decent dividend yield, but the high payout ratio raises concerns. Investors should monitor the consumer goods company’s ability to maintain its dividend commitments.

>> Kimberly Clark Dividend History

Altria

(Dividend yield: 9.64%, Payout ratio: 77.55%)

Altria offers a substantial dividend yield with a manageable payout ratio, making it attractive to income seekers. This tobacco and consumer goods company’s dividend policy appears sustainable.

>> Altria Dividend History

Philip Morris

(Dividend yield: 5.72%, Payout ratio: 99.22%)

Philip Morris provides a reasonable dividend yield, but the high payout ratio is a potential red flag. Investors should carefully evaluate the sustainability of this tobacco company’s dividends.

>> Philip Morris Dividend History

Automatic Data Processing

(Dividend yield: 2.29%, Payout ratio: 59.38%)

Automatic Data Processing offers a modest dividend yield and a reasonable payout ratio, indicating financial health. This HR and payroll solutions provider’s dividend policy reflects a balance between rewarding shareholders and reinvestment.

>> Automatic Data Processing Dividend History

Cardinal Health 

(Dividend yield: 2.14%, Payout ratio: 198.77%)

Cardinal Health provides a modest dividend yield but with an alarmingly high payout ratio, which may jeopardize the sustainability of its dividends. Investors should monitor the pharmaceutical company’s financial health.

>> Cardinal Health Dividend History

Chubb

(Dividend yield: 1.57%, Payout ratio: 19.79%)

Chubb offers a moderate dividend yield and a manageable payout ratio, making it a dependable choice for income-focused investors. This insurance company’s dividend policy appears sustainable.

>> Chubb Dividend History

Cincinnati Financial

(Dividend yield: 3.00%, Payout ratio: 27.92%)

Cincinnati Financial provides a robust dividend yield with a reasonable payout ratio, reflecting financial health. The insurance company’s dividends may appeal to income investors.

>> Cincinnati Financial Dividend History

Ecolab

(Dividend yield: 1.24%, Payout ratio: 49.19%)

Ecolab’s dividend yield is modest, but the payout ratio suggests room for improvement. Investors should assess the sustainability of this water and hygiene technology company’s dividends.

>> Ecolab Dividend History

Essex Property Trust

(Dividend yield: 4.36%, Payout ratio: 112.02%)

Essex Property Trust offers a substantial dividend yield, but the high payout ratio raises concerns about dividend sustainability. Income investors should carefully evaluate this real estate investment trust’s ability to maintain dividends.

>> Essex Property Trust  Dividend History

Franklin Resources

(Dividend yield: 5.10%, Payout ratio: 69.77%)

Franklin Resources offers a generous dividend yield with a manageable payout ratio, making it an attractive choice for income-focused investors. The asset management company’s dividend policy appears sustainable.

>> Franklin Resources Dividend History

Leggett & Platt

(Dividend yield: 7.58%, Payout ratio: 114.77%)

Leggett & Platt provides a substantial dividend yield, but the high payout ratio raises concerns about the sustainability of its dividends. Income investors should monitor the company’s financial health.

>> Leggett & Platt Dividend History

Medtronic 

(Dividend yield: 3.83%, Payout ratio: 100.74%)

Medtronic offers a reasonable dividend yield, but the high payout ratio is a potential red flag. Investors should carefully assess the healthcare company’s ability to maintain its dividend commitments.

>> Medtronic Dividend History

Sysco

(Dividend yield: 3.05%, Payout ratio: 55.76%)

Sysco provides a modest dividend yield with a reasonable payout ratio, indicating financial health. This foodservice distribution company’s dividends may appeal to income investors.

>> Sysco Dividend History

Walmart

(Dividend yield: 1.38%, Payout ratio: 43.46%)

Walmart’s lower dividend yield is coupled with a manageable payout ratio, suggesting a balance between rewarding shareholders and reinvestment in the retail giant.

>> Walmart Dividend History

JPMorgan Chase

(Dividend yield: 2.97%, Payout ratio: 24.16%)

JPMorgan Chase offers a modest dividend yield with a low payout ratio, making it an appealing choice for income-focused investors. The financial giant’s dividend policy appears sustainable.

>> JPMorgan Chase Dividend History

Morningstar

(Dividend yield: 1.50%, Payout ratio: 90.36%)

Morningstar’s dividend yield is moderate, but the high payout ratio raises concerns about the sustainability of its dividends. Investors should monitor the financial health of this financial services company.

>> Morningstar Dividend History

Roper Technologies

(Dividend yield: 2.73%, Payout ratio: 23.64%)

Roper Technologies provides a reasonable dividend yield with a low payout ratio, indicating strong financial health. The company’s dividends may appeal to income investors.

>> Roper Technologies Dividend History

Darden Restaurants

(Dividend yield: 3.43%, Payout ratio: 61.44%)

Darden Restaurants offers a decent dividend yield, but the moderate payout ratio suggests room for improvement. Income investors should assess the sustainability of this restaurant company’s dividends.

>> Darden Restaurants Dividend History

New York Mortgage Trust

(Dividend yield:15.33%, Payout ratio: 800.00%)

New York Mortgage Trust offers a high dividend yield, but the extremely high payout ratio raises serious concerns about dividend sustainability. Investors should exercise caution and closely evaluate the company’s financial stability.

>> New York Mortgage Trust Dividend History

Carlyle Secured Lending

(Dividend yield: 12.38%, Payout ratio: 107.53%)

Carlyle Secured Lending offers a high dividend yield, but the payout ratio exceeding 100% raises concerns about the sustainability of dividends. Investors should closely monitor the financial stability of this lending company.

>> Carlyle Secured Lending Dividend History

Golub Capital BDC

(Dividend yield: 10.03%, Payout ratio:132.99 %)

Golub Capital BDC provides a substantial dividend yield, but the high payout ratio may impact dividend sustainability. Income investors should assess the company’s ability to maintain its dividend commitments.

>> Golub Capital BDC Dividend History

Rithm Capital

(Dividend yield: 10.28%, Payout ratio: 75.76%)

Rithm Capital offers an attractive dividend yield with a reasonable payout ratio, indicating strong financial health. This investment company’s dividends may appeal to income investors.

>> Rithm Capital Dividend History

OUTFRONT Media

(Dividend yield: 11.14%, Payout ratio: 173.91%)

OUTFRONT Media’s high dividend yield is coupled with an extremely high payout ratio, raising concerns about dividend sustainability. Investors should exercise caution and evaluate the company’s financial stability.

>> OUTFRONT Media Dividend History

PCM Fund

(Dividend yield: 12.32%, Payout ratio: 9600.00%)

PCM Fund provides a substantial dividend yield, but the exceptionally high payout ratio is a red flag. Investors should be extremely cautious and thoroughly assess the company’s financial health.

>> PCM Fund Dividend History

Lument Finance Trust 

(Dividend yield: 14.43%, Payout ratio: 184.62%)

Lument Finance Trust offers an exceptionally high dividend yield, but the payout ratio well above 100% raises significant concerns about the sustainability of dividends. Investors should exercise caution and closely monitor the company’s financial health.

>> Lument Finance Trust Dividend History

Eaton Vance 

(Dividend yield: 9.51%, Payout ratio: 71.87%)

Eaton Vance provides a robust dividend yield with a reasonable payout ratio, indicating strong financial health. This investment management company’s dividends may appeal to income investors.

>> Eaton Vance Dividend History

Morgan Stanley 

(Dividend yield: 4.63%, Payout ratio: 56.70%)

Morgan Stanley offers a respectable dividend yield with a moderate payout ratio, reflecting a balanced approach to rewarding shareholders and reinvestment in the financial sector.

>> Morgan Stanley Dividend History

Cross Timbers Royalty Trust 

(Dividend yield: 10.50%, Payout ratio: 100.00%)

Cross Timbers Royalty Trust provides a substantial dividend yield, but the payout ratio at 100% suggests a close balance between income distribution and retained earnings from royalty trust assets.

>> Cross Timbers Royalty Trust Dividend History

Whitehorse Finance 

(Dividend yield: 12.31%, Payout ratio: 235.25%)

Whitehorse Finance offers a notably high dividend yield, but the extremely high payout ratio is a significant red flag, indicating potential concerns about dividend sustainability. Investors should approach this financial company with caution and due diligence.

>> Whitehorse Finance Dividend History

Blackstone Mortgage Trust 

(Dividend yield: 11.68%, Payout ratio: 213.79%)

While Blackstone Mortgage Trust offers a high dividend yield, the excessively high payout ratio raises concerns about dividend sustainability. Investors should be cautious and closely monitor the financial stability of this mortgage-focused company.

>> Blackstone Mortgage Trust Dividend History

Woodside Energy 

(Dividend yield: 10.09%, Payout ratio: 67.76%)

Woodside Energy provides a substantial dividend yield with a reasonable payout ratio, reflecting a balanced approach to rewarding shareholders in the energy sector.

>> Woodside Energy Dividend History

BrightSpire Capital 

(Dividend yield: 13.20%, Payout ratio: 2000.00%)

BrightSpire Capital offers an exceptionally high dividend yield, but the astronomically high payout ratio raises significant concerns about the sustainability of dividends. Investors should exercise caution and closely assess the financial health of the company.

>> BrightSpire Capital Dividend History

Great AJAX 

(Dividend yield: 18.56%, Payout ratio: 215.56%)

Great AJAX provides an extremely high dividend yield, but the payout ratio well above 100% raises significant concerns about the sustainability of dividends. Investors should approach this real estate investment trust with caution and thorough evaluation.

>> Great AJAX Dividend History

FS KKR Capital 

(Dividend yield: 14.25%, Payout ratio: 260.04%)

FS KKR Capital offers a notably high dividend yield, but the extremely high payout ratio is a significant red flag, indicating potential concerns about dividend sustainability. Investors should be cautious and conduct thorough research into this investment company.

>> FS KKR Capital  Dividend History

Trinity Capital

(Dividend yield: 14.81%, Payout ratio: 274.67%)

Trinity Capital offers an exceptionally high dividend yield, but the payout ratio well above 100% raises significant concerns about the sustainability of dividends. Investors should be extremely cautious and closely monitor the financial health of this investment company.

>> Trinity Capital Dividend History

Oxford Square Capital 

(Dividend yield: 14.19%, Payout ratio: 210.00%)

Oxford Square Capital provides a notably high dividend yield, but the extremely high payout ratio is a significant red flag, indicating potential concerns about dividend sustainability. Investors should approach this investment company with caution and thorough evaluation.

>> Oxford Square Capital Dividend History

TPG RE Finance Trust 

(Dividend yield: 17.71%, Payout ratio: 98.97%)

TPG RE Finance Trust offers a substantial dividend yield with a reasonable payout ratio, reflecting financial stability. This real estate finance trust’s dividends may appeal to income investors.

>> TPG RE Finance Trust Dividend History

Ellington Financial 

(Dividend yield: 14.26%, Payout ratio: 391.30%)

Ellington Financial provides a high dividend yield, but the excessively high payout ratio raises serious concerns about the sustainability of dividends. Investors should be extremely cautious and conduct thorough research into this investment company.

>> Ellington Financial Dividend History

Nordic American Tankers

(Dividend yield: 11.21%, Payout ratio: 65.52%)

Nordic American Tankers offers a decent dividend yield with a moderate payout ratio, indicating financial health in the shipping industry. Income investors may find the company’s dividends attractive.

>> Nordic American Tankers Dividend History

KKR Real Estate Finance Trust 

(Dividend yield: 15.11%, Payout ratio: 747.83%)

KKR Real Estate Finance Trust offers a substantial dividend yield, but the extraordinarily high payout ratio is a major red flag, indicating serious concerns about dividend sustainability. Caution is advised, and diligent monitoring of the company’s financial health is necessary.

>> KKR Real Estate Finance Trust  Dividend History

AFC Gamma 

(Dividend yield: 17.38%, Payout ratio: 121.35%)

AFC Gamma provides a notably high dividend yield, and while the payout ratio is elevated, it remains within a manageable range. Income investors may find the company’s dividends appealing, but should closely monitor its financial stability.

>> AFC Gamma Dividend History

Global Net Lease 

(Dividend yield: 16.76%, Payout ratio: 1243.33%)

Global Net Lease offers a substantial dividend yield, but the remarkably high payout ratio raises critical concerns about dividend sustainability. Investors should be extremely cautious and conduct thorough research into the company’s financial health.

>> Global Net Lease  Dividend History

Are Stocks that pay dividends in April a good investment? 

As we delve into the world of April dividend stocks, one question looms large: Are these investments truly worthwhile? The answer largely depends on your financial goals, risk tolerance, and investment horizon.

 April dividend stocks offer an opportunity to secure regular income, ideal for those seeking stability and consistent cash flow. However, like any investment, it’s crucial to conduct thorough research, diversify your portfolio, and consider the financial health and growth potential of the companies in which you’re investing.

Factors to Consider when Investing in Stocks that pay dividends in April

When navigating the realm of April dividend stocks, several factors warrant your attention. Firstly, scrutinize the financial stability and growth prospects of potential investments to ensure their ability to sustain dividends. Secondly, take into account industry trends and market conditions that may impact your chosen stocks. 

Diversification across various sectors can help mitigate risk and balance your portfolio, enhancing long-term performance. Thorough research and analysis are key to making informed investment decisions in the world of April dividend stocks.



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