Top 25 Stocks That Pay Dividends in February – 2024

Are you looking to boost your portfolio with dividend-paying stocks this February?

Look no further than our comprehensive guide to the top dividend-paying stocks for February. Whether you’re a seasoned investor or just dipping your toes into the market, understanding the potential of dividend stocks is crucial for building a stable and lucrative investment portfolio. 

In this article, we delve into the intricacies of dividend stocks, uncovering the hidden gems that could maximize your returns and solidify your financial footing.

Best Stocks that Pay Dividends in February

Abbvie

With a substantial dividend yield of 4.26%, Abbvie remains an attractive option despite its high payout ratio of 118.93%. The company’s consistent dividend history and robust presence in the pharmaceutical industry make it a reliable choice for dividend-seeking investors.

>> Abbvie Dividend History

Apple

Although Apple’s dividend yield currently stands at 0.57%, its low payout ratio of 15.60% indicates a strong potential for dividend growth. As a technology giant with a solid financial foundation, Apple continues to be a stable long-term investment for those seeking steady returns.

>> Apple Dividend History

AT&T

AT&T’s impressive dividend yield of 7.49% is coupled with a relatively moderate payout ratio of 55.89%. As a leading telecommunications company, AT&T’s consistent dividend payouts and stable market presence make it an attractive option for income-oriented investors.

>> AT&T Dividend History

Clorox

Despite a dividend yield of 4.07%, Clorox’s significantly high payout ratio of 393.33% might raise concerns. Investors should consider the company’s market stability and its potential for sustaining dividends in the long term.

>> Clorox Dividend History

Hormel Foods

Hormel Foods, with a dividend yield of 3.50% and a manageable payout ratio of 67.81%, maintains a strong position in the food industry. Its consistent performance and commitment to shareholder value make it an appealing choice for investors seeking reliable dividends.

>> Hormel Foods Dividend History

Paychex

Paychex, with a dividend yield of 3.25% and a reasonable payout ratio of 76.19%, remains a stable choice within the payroll and human resource industry. Its consistent dividend history and stable financial performance make it an appealing pick for dividend-focused investors.

>> Paychex Dividend History

Caterpillar

Investors are advised to closely monitor the company’s financial updates and market performance to assess its suitability as a dividend-paying stock.

>> Caterpillar Dividend History

General Dynamics

With a modest dividend yield of 2.22% and a reasonably low payout ratio of 43.61%, General Dynamics stands as a strong player in the aerospace and defense industry. Its stable financial performance and consistent dividends make it an attractive option for investors seeking both income and growth potential.

>> General Dynamics Dividend History

Nucor

Nucor, with a relatively conservative dividend yield of 1.38% and a low payout ratio of 10.32%, demonstrates its stability within the steel production sector. Despite the modest yield, its consistent performance makes it an attractive option for long-term investors.

>> Nucor Dividend History

Pentair

With a dividend yield of 1.53% and a moderate payout ratio of 28.16%, Pentair maintains its position as a reliable player in the industrial manufacturing industry. Its consistent dividends and stable market presence make it an appealing choice for investors seeking steady income.

>> Pentair Dividend History

Eaton Vance

With a generous dividend yield of 8.56%, Eaton Vance’s relatively high payout ratio of 170.56% suggests a need for cautious analysis. Investors should closely monitor the company’s financial health and market performance to ensure sustainable dividend payouts.

>> Eaton Vance Dividend History

Delek Logistics

Delek Logistics boasts an impressive dividend yield of 9.27%, albeit with a relatively high payout ratio of 111.67%. As a player in the energy logistics sector, it offers an attractive income opportunity, although investors should assess its ability to sustain dividend payments over the long term.

>> Delek Logistics Dividend History

CareCloud

Investors should carefully consider the company’s financial performance and future prospects to determine its potential as a dividend-paying stock.

>> CareCloud Dividend History

PetMed Express

Despite an enticing dividend yield of 12.82%, PetMed Express’s alarmingly high payout ratio of 12000.00% warrants careful consideration. Investors should thoroughly evaluate the company’s financial stability and future growth prospects before making investment decisions.

>> PetMed Express Dividend History

PCM Fund

PCM Fund offers a remarkable dividend yield of 13.83%, accompanied by a substantial payout ratio of 9600.00%. Investors interested in this option should conduct thorough research into the company’s financial health and sustainability to ensure long-term dividend viability.

>> PCM Fund Dividend History

Bain Capital Specialty Finance

Bain Capital Specialty Finance presents an attractive dividend yield of 11.44% alongside a reasonable payout ratio of 83.43%. Its strong market position and stable financial performance make it an appealing choice for investors seeking reliable income streams.

>> Bain Capital Specialty Finance Dividend History

Cross Timbers Royalty Trust

With a notable dividend yield of 10.91% and a full payout ratio of 100.00%, Cross Timbers Royalty Trust offers a steady income stream for investors interested in the energy sector. Its consistent performance and commitment to shareholder value make it an intriguing option for income-focused investors.

>> Cross Timbers Royalty Trust Dividend History

Dynex Capital

Dynex Capital exhibits a remarkable dividend yield of 16.25%, albeit with a high payout ratio of 821.05%. Investors should closely monitor the company’s financial health and market performance to ensure the sustainability of its dividend payouts over time.

>> Dynex Capita Dividend History

New York Mortgage Trust

New York Mortgage Trust offers an attractive dividend yield of 15.82%, but investors should be cautious of its high payout ratio of 800.00%. A thorough analysis of the company’s financial stability and future growth prospects is essential for making informed investment decisions.

>> New York Mortgage Trust Dividend History

Ellington Financial

Ellington Financial showcases a compelling dividend yield of 14.99%, accompanied by a high payout ratio of 391.30%. Investors interested in this option should conduct comprehensive research on the company’s financial health and stability to ensure sustainable dividend performance over the long term.

>> Ellington Financial Dividend History

Alliance Resource Partners

Alliance Resource Partners offers an attractive dividend yield of 12.46% alongside a relatively modest payout ratio of 40.85%. As a prominent player in the energy sector, its stable performance makes it an appealing option for income-oriented investors seeking steady returns.

>> Alliance Resource Partners Dividend History

Invesco Mortgage Capital

Invesco Mortgage Capital presents an impressive dividend yield of 24.58%, complemented by a reasonable payout ratio of 41.33%. Despite the volatile nature of the mortgage industry, its strong financial position and commitment to shareholder value make it an intriguing option for income-seeking investors.

>> Invesco Mortgage Capital Dividend History

Sachem Capital

Sachem Capital showcases a promising dividend yield of 13.29%, albeit with a relatively high payout ratio of 117.78%. As a real estate finance company, investors should carefully analyze the company’s financial stability and market position to ensure sustainable dividend payouts over the long term.

>> Sachem Capital Dividend History

Orchid Island Capital

Orchid Island Capital offers an enticing dividend yield of 23.84%, but investors should be cautious of its alarmingly high payout ratio of 1300.00%. Thorough analysis of the company’s financial health and prospects is essential to assess the sustainability of its dividend performance.

>> Orchid Island Capital Dividend History

Enviva

Enviva boasts an impressive dividend yield of 30.47%, despite its remarkably high payout ratio of 27900.00%. As a leading player in the renewable energy sector, investors should carefully monitor the company’s financial health and market performance to ensure the sustainability of its dividend payments over time.

>> Enviva Dividend History

Are stocks that pay dividends in February a good investment?

Investing in dividend-paying stocks in February can be a prudent strategy for investors seeking stable income streams. These stocks often provide a reliable source of passive income, especially during market downturns, offering a cushion against volatility. 

However, it’s crucial to conduct thorough research and consider various factors, such as the company’s financial health, dividend history, and market trends, to ensure sustainable and profitable investments in the long term.

Factors to Consider when Investing in stocks that pay dividends in February

When considering investments in dividend-paying stocks for February, several key factors warrant attention. 

Firstly, assessing the company’s dividend history and sustainability is crucial to ensure consistent payouts. 

Additionally, analyzing the company’s financial performance, market trends, and overall industry outlook can provide valuable insights into the potential risks and returns associated with the investment. 

It’s also essential to consider the impact of economic conditions and any relevant regulatory changes that could affect the company’s dividend policy and overall performance.



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