Top 44 Stocks that Pay Dividends in June – 2024

Looking to maximize your dividends this June? 

As the mid-year approaches, investors keen on bolstering their portfolios are turning their attention to dividend-paying stocks. With the market offering a plethora of choices, identifying the most promising options can be a daunting task. 

However, understanding the nuances of dividend-yielding equities and recognizing the market trends that dictate their performance can provide crucial insights for a profitable investment strategy. 

In this comprehensive guide, we delve into the top dividend-paying stocks poised to deliver substantial returns this June.

Best Stocks that Pay Dividends in June

Liberty All-Star Equity Fund

The Liberty All-Star Equity Fund boasts a robust dividend yield of 10.98%, making it an attractive choice for investors seeking steady returns. With a relatively moderate payout ratio of 62.24%, this fund underscores its ability to sustain dividends while maintaining financial stability.

CareCloud

With an impressive dividend yield of 24.49%, CareCloud emerges as a promising contender for those eyeing substantial returns. Although the payout ratio is not available, its high dividend yield signals the potential for lucrative earnings, making it a noteworthy addition to dividend-oriented portfolios.

>> CareCloud Dividend History

PCM Fund

PCM Fund presents an appealing dividend yield of 13.33%. However, the significantly high payout ratio of 9600.00% suggests a need for careful consideration, urging investors to assess the fund’s financial strategies and market positioning before making investment decisions.

>> PCM Fund Dividend History

Arbor Realty Trust

Arbor Realty Trust offers a notable dividend yield of 13.64%, making it an alluring option for investors seeking profitable returns. Despite a moderately high payout ratio of 93.22%, the trust’s consistent dividend payments underscore its potential as a stable income-generating asset.

>> Arbor Realty Trust Dividend History

Gabelli Equity Trust

Gabelli Equity Trust presents an attractive dividend yield of 12.93%, making it a compelling choice for dividend-focused investors. With a reasonable payout ratio of 54.05%, the trust reflects a balanced approach, emphasizing its commitment to sustainable dividend distributions.

>> Gabelli Equity Trust Dividend History

Barings BDC

Barings BDC exhibits a noteworthy dividend yield of 11.76%, indicating a potential avenue for stable income generation. However, the relatively high payout ratio of 118.07% suggests a need for cautious evaluation, emphasizing the importance of understanding the firm’s financial health and dividend sustainability.

>> Barings BDC Dividend History

Cross Timbers Royalty Trust

Cross Timbers Royalty Trust maintains a commendable dividend yield of 11.04%, providing investors with an opportunity for consistent income generation. Despite a 100.00% payout ratio, the trust’s strong dividend yield underscores its potential for delivering reliable returns over time.

>> Cross Timbers Royalty Trust Dividend History

Hanesbrands

Hanesbrands exhibits an appealing dividend yield of 11.90%, positioning itself as an attractive option for income-oriented investors. With a relatively moderate payout ratio of 59.41%, the company demonstrates its ability to distribute dividends while maintaining financial stability and growth prospects.

>>Hanesbrands Dividend History

Oxford Square Capital

Oxford Square Capital boasts a substantial dividend yield of 14.53%, offering an enticing opportunity for investors seeking significant returns. However, the high payout ratio of 210.00% suggests a need for careful examination, emphasizing the importance of understanding the firm’s dividend sustainability and financial health.

>> Oxford Square Capital Dividend History

Great Elm Capital

Great Elm Capital showcases a notable dividend yield of 17.30%, positioning itself as an appealing option for investors seeking substantial income generation. Despite a payout ratio of 129.03%, the company’s strong dividend yield highlights its potential as a reliable income-generating asset.

>> Great Elm Capital Dividend History

Ellington Financial

Ellington Financial presents an attractive dividend yield of 17.30%, appealing to investors seeking substantial returns. However, with a notably high payout ratio of 391.30%, careful consideration of the firm’s financial strategies is essential to evaluate the sustainability of its dividend payments.

>> Ellington Financial Dividend History

Oxford Lane Capital

Oxford Lane Capital offers an impressive dividend yield of 19.94%, positioning itself as a favorable option for investors seeking lucrative returns. Despite a moderate payout ratio of 70.00%, understanding the firm’s financial performance and market positioning remains crucial for making informed investment decisions.

>> Oxford Lane Capital Dividend History

Big Lots

Big Lots demonstrates a remarkable dividend yield of 22.22%, making it an enticing choice for investors focusing on income generation. With a relatively moderate payout ratio of 51.72%, the company highlights its commitment to sustaining dividend payments while ensuring financial stability and growth.

>> Big Lots Dividend History

Orchid Island Capital

Orchid Island Capital exhibits a substantial dividend yield of 22.93%, appealing to investors looking for profitable returns. However, the significantly high payout ratio of 1300.00% emphasizes the importance of thorough assessment to comprehend the firm’s dividend sustainability and financial health.

>> Orchid Island Capital Dividend History

Lumen Technologies

Lumen Technologies showcases a competitive dividend yield of 15.50%, appealing to investors seeking steady income generation. With a moderate payout ratio of 50.00%, the company underscores its commitment to maintaining stable dividend distributions while ensuring financial resilience and growth prospects.

>> Lumen Technologies Dividend History

IBM

IBM offers a modest dividend yield of 4.59%, appealing to investors seeking reliable returns. Despite a payout ratio of 85.42%, the company’s long-standing presence in the technology sector reflects its ability to sustain dividend payments and navigate market challenges while fostering innovation and growth.

>> IBM Dividend History

Church & Dwight

Church & Dwight presents a conservative dividend yield of 1.20%, appealing to investors focusing on consistent income generation. With a moderate payout ratio of 59.12%, the company emphasizes its dedication to maintaining stable dividend distributions while ensuring financial stability and sustainable growth.

>> Church & Dwight Dividend History

Cintas

Cintas demonstrates a modest dividend yield of 1.06%, making it an attractive option for investors seeking steady income streams. With a relatively low payout ratio of 36.09%, the company highlights its commitment to sustaining dividend payments while ensuring financial resilience and long-term growth.

>> Cintas Dividend History

Chevron

Chevron boasts a competitive dividend yield of 4.14%, making it an appealing choice for investors seeking reliable returns. With a moderate payout ratio of 44.17%, the company reflects its commitment to maintaining stable dividend distributions while navigating industry dynamics and fostering sustainable growth.

>> Chevron Dividend History

Dover

Dover presents a conservative dividend yield of 1.57%, appealing to investors seeking steady income generation. With a relatively low payout ratio of 27.82%, the company emphasizes its dedication to maintaining stable dividend distributions while ensuring financial stability and long-term growth.

>> Dover Dividend History

Linde

Linde offers a modest dividend yield of 1.33%, catering to investors seeking steady income streams. With a moderate payout ratio of 41.32%, the company emphasizes its commitment to maintaining stable dividend distributions while ensuring financial resilience and sustainable growth.

>> Linde Dividend History

Exxon Mobil

Exxon Mobil presents a competitive dividend yield of 3.59%, appealing to investors focusing on reliable returns. With a relatively low payout ratio of 36.15%, the company highlights its dedication to sustaining dividend payments while fostering financial stability and growth.

>> Exxon Mobil Dividend History

Amcor

Amcor exhibits an appealing dividend yield of 5.51%, positioning itself as an attractive option for investors seeking substantial income generation. Despite a payout ratio of 69.15%, the company’s strong dividend yield underscores its potential for delivering reliable returns over time.

>> Amcor Dividend History

Essex Property Trust

Essex Property Trust showcases a commendable dividend yield of 4.32%, appealing to investors seeking steady income streams. With a notably high payout ratio of 112.02%, the trust’s strong dividend yield emphasizes its commitment to sustaining dividend distributions while ensuring financial stability and growth.

>> Essex Property Trust Dividend History

Albemarle

Albemarle presents a conservative dividend yield of 1.26%, catering to investors seeking stable income generation. With an exceptionally low payout ratio of 4.78%, the company emphasizes its dedication to maintaining stable dividend distributions while fostering sustainable growth and financial stability.

>> Albemarle Dividend History

Chubb

Chubb offers a modest dividend yield of 1.60%, appealing to investors seeking steady income streams. With a relatively low payout ratio of 19.96%, the company underscores its commitment to sustaining dividend payments while ensuring financial stability and long-term growth.

>> Chubb Dividend History

Ecolab

Ecolab demonstrates a modest dividend yield of 1.26%, positioning itself as an attractive option for investors seeking reliable returns. With a moderate payout ratio of 51.09%, the company underscores its commitment to maintaining stable dividend distributions while ensuring financial stability and sustainable growth.

>> Ecolab Dividend History

Roper Technologies

Roper Technologies offers a conservative dividend yield of 0.56%, appealing to investors focusing on stable income generation. With a relatively low payout ratio of 23.64%, the company highlights its dedication to maintaining stable dividend distributions while fostering sustainable growth and financial stability.

>> Roper Technologies Dividend History

General Dynamics

General Dynamics presents a competitive dividend yield of 2.19%, making it an appealing choice for investors seeking reliable returns. With a moderate payout ratio of 43.61%, the company reflects its commitment to maintaining stable dividend distributions while navigating industry dynamics and fostering sustainable growth.

>> General Dynamics Dividend History

Atmos Energy

Atmos Energy showcases a commendable dividend yield of 2.75%, appealing to investors seeking steady income streams. With a moderate payout ratio of 49.91%, the company underscores its commitment to maintaining stable dividend distributions while ensuring financial stability and long-term growth.

>> Atmos Energy Dividend History

Cardinal Health

Cardinal Health presents an attractive dividend yield of 2.20%, catering to investors seeking stable income generation. However, the significantly high payout ratio of 198.77% calls for careful consideration, emphasizing the importance of assessing the company’s financial strategies and dividend sustainability.

>> Cardinal Health Dividend History

McCormick

McCormick demonstrates a modest dividend yield of 2.44%, positioning itself as an attractive option for investors seeking reliable returns. With a relatively moderate payout ratio of 64.17%, the company underscores its commitment to maintaining stable dividend distributions while ensuring financial stability and sustainable growth.

>> McCormick Dividend History

Franklin Resources

Franklin Resources presents an appealing dividend yield of 5.27%, positioning itself as an attractive option for investors seeking substantial income generation. With a payout ratio of 74.38%, the company underscores its commitment to sustaining dividend distributions while ensuring financial stability and growth.

>>Franklin Resources Dividend History

Clorox

Clorox offers a competitive dividend yield of 4.08%, appealing to investors seeking reliable returns. However, the significantly high payout ratio of 393.33% calls for careful consideration, emphasizing the importance of assessing the company’s financial strategies and dividend sustainability.

>> Clorox Dividend History

Medtronic

Medtronic demonstrates a competitive dividend yield of 3.91%, catering to investors seeking steady income generation. Despite a 100.74% payout ratio, the company emphasizes its dedication to maintaining stable dividend distributions while fostering financial stability and long-term growth.

>> Medtronic Dividend History

Pentair

Pentair showcases a modest dividend yield of 1.51%, positioning itself as an attractive option for investors seeking reliable returns. With a relatively low payout ratio of 28.16%, the company highlights its commitment to maintaining stable dividend distributions while ensuring financial resilience and sustainable growth.

>> Pentair Dividend History

Walgreens Boots Alliance

Walgreens Boots Alliance presents an impressive dividend yield of 9.11%, appealing to investors focusing on significant income generation. With a moderate payout ratio of 38.17%, the company emphasizes its commitment to sustaining dividend payments while ensuring financial stability and long-term growth.

>> Walgreens Boots Alliance Dividend History

Automatic Data Processing

Automatic Data Processing offers a modest dividend yield of 2.29%, catering to investors seeking steady income streams. With a payout ratio of 59.38%, the company highlights its dedication to maintaining stable dividend distributions while fostering sustainable growth and financial stability.

>> Automatic Data Processing Dividend History

Lowe’s

Lowe’s exhibits a modest dividend yield of 2.31%, making it an attractive choice for investors seeking reliable returns. With a relatively low payout ratio of 41.14%, the company underscores its commitment to sustaining dividend payments while ensuring financial stability and long-term growth.

>> Lowe’s Dividend History

Consolidated Edison

Consolidated Edison presents an impressive dividend yield of 3.69%, positioning itself as an appealing option for investors seeking steady income generation. With a moderate payout ratio of 45.91%, the company highlights its commitment to maintaining stable dividend distributions while ensuring financial resilience and sustainable growth.

>> Consolidated Edison Dividend History

Walmart

Walmart offers a conservative dividend yield of 1.40%, appealing to investors focusing on stable income generation. With a moderate payout ratio of 43.46%, the company emphasizes its dedication to maintaining stable dividend distributions while fostering financial stability and long-term growth.

>> Walmart Dividend History

S&P Global

S&P Global presents a conservative dividend yield of 1.03%, catering to investors seeking steady income streams. With a relatively moderate payout ratio of 49.30%, the company highlights its commitment to sustaining dividend payments while ensuring financial stability and long-term growth.

>> S&P Global Dividend History

Nucor

Nucor demonstrates a conservative dividend yield of 1.38%, positioning itself as an attractive option for investors seeking reliable returns. With an exceptionally low payout ratio of 10.32%, the company emphasizes its dedication to maintaining stable dividend distributions while fostering sustainable growth and financial stability.

>> Nucor Dividend History

PepsiCo

PepsiCo showcases an attractive dividend yield of 2.96%, appealing to investors seeking substantial income generation. Despite an 80.50% payout ratio, the company’s strong dividend yield underscores its potential for delivering reliable returns over time.

>> PepsiCo Dividend History

Are Stocks That Pay Dividends in June a Good Investment?

Investing in dividend-paying stocks during June can be a prudent strategy for those seeking stable income and long-term growth. These stocks often provide a regular source of cash flow, making them appealing to investors looking for reliable returns. 

Additionally, the June period may coincide with a company’s strong financial performance, leading to increased dividend payouts, potentially enhancing the overall investment’s profitability. 

However, it’s essential to conduct thorough research into the specific stocks’ historical dividend consistency, financial health, and market trends to ensure their suitability within a diversified investment portfolio. This approach can help mitigate risks and optimize the potential benefits of investing in dividend-yielding stocks during the month of June.

Factors to Consider When Investing in Stocks That Pay Dividends in June

When delving into dividend-paying stocks during June, several critical factors warrant attention. Firstly, evaluating the company’s dividend history and sustainability is crucial, ensuring consistent and reliable dividend payments. 

Secondly, assessing the market trends and economic conditions during this period can provide valuable insights into the stock’s potential performance, aiding in making informed investment decisions for long-term financial growth and stability. 

Understanding these factors can help investors navigate the complexities of the market and optimize their investment strategies for favorable outcomes.



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