Top 41 Stocks that Pay Dividends in May – 2024

Are you seeking reliable income from stocks this May? 

Amidst the ever-shifting landscape of investments, the allure of dependable returns remains constant. As we step into May, an opportune moment arises to delve into the realm of dividend-paying stocks. 

Whether you’re a seasoned investor or a curious novice, understanding the market’s top dividend-yielding options can prove instrumental in securing a stable income. 

Join us in uncovering the promising stocks promising to deliver robust dividends this May.

Best Stocks that Pay Dividends in May

Apple (AAPL)

With a modest dividend yield of 0.55% and an impressively low payout ratio of 15.60%, Apple continues to capture investor attention through its stable dividend distribution, reflective of its strong financial standing and commitment to shareholders.

>> Apple Dividend History

AT&T (T)

Known for its substantial dividend yield of 7.12%, AT&T maintains a manageable payout ratio of 55.89%, illustrating its commitment to providing consistent returns to investors despite operating in a competitive telecommunications landscape.

>> AT&T Dividend History

Paychex (PAYX)

Paychex boasts a respectable dividend yield of 3.27% and a somewhat high payout ratio of 76.19%, indicating a balanced approach to sustaining dividends while managing operational expenses, further solidifying its position as a reliable income option.

>> Paychex Dividend History

Energy Transfer (ET)

Offering a compelling dividend yield of 9.51%, Energy Transfer maintains a relatively high payout ratio of 92.29%, signaling its commitment to rewarding shareholders even amid the challenges within the energy sector.

>> Energy Transfer Dividend History

Abbvie (ABBV)

Abbvie stands out with a noteworthy dividend yield of 4.35%, accompanied by a relatively high payout ratio of 160.27%, suggesting a strong commitment to sustaining its dividend despite its significant earnings distribution.

>> Abbvie Dividend History

Caterpillar (CAT)

Caterpillar, although not currently offering a dividend yield, continues to be an intriguing investment option, given its prominent presence in the industrial sector and potential for future dividend considerations.

>> Caterpillar Dividend History

Sempra (SRE)

Sempra delivers a stable dividend yield of 3.36% alongside a manageable payout ratio of 59.19%, emphasizing its ability to generate consistent income for investors while maintaining operational stability within the energy infrastructure domain.

>> Sempra Dividend History

Dynex Capital (DX)

With an impressive dividend yield of 15.00%, Dynex Capital showcases a notably high payout ratio of 821.05%, indicating a robust commitment to distributing substantial dividends to investors despite its substantial earnings distribution.

>> Dynex Capital Dividend History

Arbor Realty Trust (ABR)

Arbor Realty Trust presents a compelling dividend yield of 13.87% and a relatively high payout ratio of 93.22%, demonstrating its dedication to providing attractive returns to investors within the real estate investment trust (REIT) sector.

>> Arbor Realty Trust Dividend History

Cal-Maine Foods (CALM)

Cal-Maine Foods maintains an appealing dividend yield of 9.03% with a relatively moderate payout ratio of 39.78%, solidifying its position as a promising investment option within the consumer staples sector.

>> Cal-Maine Foods Dividend History

Essex Property Trust (ESS)

Essex Property Trust offers a stable dividend yield of 4.45%, despite a relatively high payout ratio of 112.02%, showcasing its commitment to maintaining dividend distributions within the real estate investment trust (REIT) market.

>> Essex Property Trust Dividend History

Albemarle (ALB)

Albemarle provides a modest dividend yield of 1.30%, accompanied by a low payout ratio of 4.78%, highlighting its potential for sustainable dividend growth and its strong position within the chemical manufacturing industry.

>> Albemarle Dividend History

Chubb (CB)

Chubb maintains a conservative dividend yield of 1.56% and a moderate payout ratio of 19.96%, signifying its ability to provide consistent returns to investors within the insurance sector while ensuring financial stability.

>> Chubb Dividend History

Linde (LIN)

Linde offers a steady dividend yield of 1.32% alongside a moderate payout ratio of 41.32%, underscoring its dedication to providing stable returns to investors within the industrial gas sector.

>> Linde Dividend History

Ecolab (ECL)

Ecolab presents a modest dividend yield of 1.27% and a manageable payout ratio of 49.19%, exemplifying its commitment to delivering consistent dividends to investors in the industrial sector while maintaining operational efficiency and financial stability.

>> Ecolab Dividend History

Roper Technologies (ROP)

Roper Technologies offers a conservative dividend yield of 0.56% and a reasonable payout ratio of 23.64%, reflecting its commitment to providing steady dividends to investors within the technology sector.

>> Roper Technologies Dividend History

General Dynamics (GD)

General Dynamics boasts a favorable dividend yield of 2.18% and a moderate payout ratio of 43.61%, signifying its dedication to distributing consistent returns to investors within the aerospace and defense industry.

>> General Dynamics Dividend History

Chevron (CVX)

Chevron presents an attractive dividend yield of 4.20% alongside a relatively manageable payout ratio of 44.17%, highlighting its commitment to delivering substantial dividends to investors within the energy sector.

>> Chevron Dividend History

Atmos Energy (ATO)

Atmos Energy delivers a stable dividend yield of 2.72% and a reasonable payout ratio of 49.91%, indicating its ability to provide consistent returns to investors within the natural gas distribution sector.

>> Atmos Energy Dividend History

Cardinal Health (CAH)

Despite a significant payout ratio of 198.77%, Cardinal Health maintains a respectable dividend yield of 2.14%, emphasizing its dedication to sustaining dividends for investors within the healthcare industry.

>> Cardinal Health Dividend History

McCormick (MKC)

McCormick offers a moderate dividend yield of 2.43% and a manageable payout ratio of 64.17%, highlighting its commitment to providing consistent returns to investors within the consumer goods sector.

>> McCormick Dividend History

Cintas (CTAS)

Cintas presents a conservative dividend yield of 1.06% and a moderate payout ratio of 36.09%, reflecting its ability to sustain consistent dividend distributions to investors within the business services industry.

>> Cintas Dividend History

Amcor (AMCR)

Amcor boasts an attractive dividend yield of 5.74% and a moderate payout ratio of 69.15%, illustrating its dedication to providing substantial returns to investors within the packaging solutions sector.

>> Amcor Dividend History

Exxon Mobil (XOM)

Exxon Mobil offers a competitive dividend yield of 3.60% accompanied by a manageable payout ratio of 36.15%, highlighting its commitment to providing stable returns to investors within the energy and petrochemicals industry.

>> Exxon Mobil Dividend History

Aflac (AFL)

Aflac delivers a moderate dividend yield of 2.13% and a low payout ratio of 21.98%, signifying its dedication to providing consistent returns to investors within the insurance sector.

>> Aflac Dividend History

Franklin Resources (BEN)

Franklin Resources provides an appealing dividend yield of 5.32% and a moderate payout ratio of 69.77%, emphasizing its commitment to delivering substantial returns to investors within the asset management industry.

>> Franklin Resources Dividend History

Clorox (CLX)

Despite a high payout ratio of 393.33%, Clorox maintains an attractive dividend yield of 4.16%, showcasing its commitment to providing consistent returns to investors within the consumer goods and cleaning products sector.

>> Clorox Dividend History

Medtronic (MDT)

Medtronic offers a respectable dividend yield of 3.90% and a significant payout ratio of 100.74%, highlighting its commitment to delivering stable returns to investors within the medical devices and technology sector.

>> Medtronic Dividend History

Pentair (PNR)

Pentair presents a modest dividend yield of 1.49% alongside a relatively low payout ratio of 28.16%, emphasizing its potential for sustainable dividend growth within the industrial manufacturing sector.

>> Pentair  Dividend History

Walgreens Boots Alliance (WBA)

Walgreens Boots Alliance provides an impressive dividend yield of 9.31% alongside a manageable payout ratio of 38.17%, underscoring its commitment to providing substantial returns to investors within the pharmacy and retail sector.

>> Walgreens Boots Alliance Dividend History

Automatic Data Processing (ADP)

Automatic Data Processing offers a respectable dividend yield of 2.38% and a moderate payout ratio of 59.38%, emphasizing its commitment to delivering consistent returns to investors within the human resources and payroll processing sector.

>> Automatic Data Processing Dividend History

Lowe’s (LOW)

Lowe’s presents a stable dividend yield of 2.30% alongside a moderate payout ratio of 41.14%, highlighting its dedication to providing steady returns to investors within the home improvement retail industry.

>> Lowe’s Dividend History

Consolidated Edison (ED)

Consolidated Edison delivers an attractive dividend yield of 3.63% accompanied by a reasonable payout ratio of 45.91%, emphasizing its commitment to providing substantial returns to investors within the utilities sector.

>> Consolidated Edison Dividend History

Walmart (WMT)

Walmart offers a modest dividend yield of 1.38% and a reasonable payout ratio of 43.46%, showcasing its commitment to delivering consistent returns to investors within the retail and consumer goods industry.

>> Walmart Dividend History

S&P Global (SPGI)

S&P Global provides a conservative dividend yield of 1.02% and a manageable payout ratio of 49.30%, underscoring its dedication to delivering stable returns to investors within the financial services and analytics industry.

>>S&P Global Dividend History

Nucor (NUE)

Nucor boasts a competitive dividend yield of 1.38% alongside a remarkably low payout ratio of 10.32%, reflecting its dedication to sustaining dividends for investors within the steel and manufacturing sector.

>> Nucor Dividend History

VF Corporation (VFC)

VF Corporation offers an impressive dividend yield of 2.75%, although with a significantly high payout ratio of 536.67%, emphasizing its commitment to providing substantial returns to investors within the apparel and footwear industry.

>> VF Corporation Dividend History

PepsiCo (PEP)

PepsiCo delivers a stable dividend yield of 2.93% and a relatively high payout ratio of 80.50%, emphasizing its commitment to sustaining dividend distributions for investors within the beverage and snack food industry.

>> PepsiCo Dividend History

Becton Dickinson (BDX)

Becton Dickinson provides a modest dividend yield of 1.43% alongside a moderate payout ratio of 65.10%, highlighting its dedication to delivering consistent returns to investors within the healthcare and medical technology sector.

>> Becton Dickinson Dividend History

PPG Industries (PPG)

PPG Industries presents an attractive dividend yield of 2.11% and a reasonable payout ratio of 42.04%, emphasizing its commitment to providing stable returns to investors within the paints and coatings industry.

>> PPG Industries Dividend History

Target (TGT)

Target offers an impressive dividend yield of 4.02% alongside a moderate payout ratio of 59.26%, underscoring its dedication to delivering substantial returns to investors within the retail and consumer goods sector.

>> Target Dividend History

Sysco (SYY)

Sysco delivers a stable dividend yield of 3.05% alongside a moderate payout ratio of 55.77%, signifying its commitment to providing consistent returns to investors within the foodservice distribution industry.

>> Sysco Dividend History

Are stocks that pay dividends in May a good investment?

Investing in dividend-paying stocks in May can be a strategic move, offering a reliable source of income amidst market fluctuations. These stocks often provide stability, serving as a hedge against potential economic downturns. 

However, investors should carefully assess each company’s dividend yield, payout ratio, and financial health to ensure sustainable returns. 

Balancing the allure of dividend income with the overall investment strategy remains crucial, allowing investors to capitalize on the potential benefits while managing associated risks effectively.

Factors to Consider when Investing in Stocks that Pay Dividends in May

When delving into dividend-paying stocks, investors should evaluate the company’s financial stability, dividend history, and growth prospects. Analyzing the payout ratio, dividend yield trends, and the sector’s overall performance can provide valuable insights into the stock’s potential for sustained returns. 
Additionally, considering the company’s market position, management credibility, and any potential regulatory or market risks can aid in making informed investment decisions within the context of the May dividend market.



Articles related to this:

>> Monthly Dividend Stocks list

>> Top 38 Stocks that Pay Dividends in January

>> Top 25 Stocks That Pay Dividends in February

>> Top 40 Stocks that Pay Dividends in March

>> Top 43 Stocks that Pay Dividends in April

>> Top 44 Stocks that Pay Dividends in June

>> Top 42 Stocks that Pay Dividends in July

>> Top 23 Stocks that Pay Dividends in August

>> Top 40 Stocks that Pay Dividends in September

>> Top 45 Stocks that Pay Dividends in October

>> Top 12 Stocks that Pay Dividends in November

>> Top 41 Stocks that Pay Dividends in December