Top 40 Stocks that Pay Dividends in September – 2024

Are you looking to boost your income this September through dividend stocks?

In September, as the leaves change and the air turns crisp, investors can also witness their finances transform. If you’re keen on enhancing your income through the world of stocks, this article is your gateway to the top dividend-paying companies this month. 

As we delve into the market’s autumn offerings, you’ll discover promising investment opportunities and gain insights into the dividend stocks that can potentially make your financial season more fruitful. 

Get ready to explore and invest in companies that share their success with shareholders.

Best Stocks that Pay Dividends in September

PacWest Bancorp

PacWest Bancorp offers a modest 0.56% dividend yield, and their low 29.67% payout ratio indicates stability. While the yield may be conservative, this bank holding company provides reliability to dividend-focused investors.

>> PacWest Bancorp Dividend History

Liberty All-Star Equity Fund

Liberty All-Star Equity Fund boasts an impressive 10.81% dividend yield with a moderate 62.24% payout ratio. This closed-end fund provides a balance of income and potential growth.

>> Liberty All-Star Equity FundDividend History

PCM Fund

PCM Fund presents a remarkable 12.89% dividend yield, but its extremely high payout ratio of 9600.00% raises concerns about sustainability. Investors should monitor the fund’s ability to maintain these payouts.

>> PCM Fund Dividend History

Gabelli Equity Trust

Gabelli Equity Trust offers a strong 12.68% dividend yield with a payout ratio of 54.05%. This closed-end fund combines attractive income potential with manageable payout levels.

>> Gabelli Equity Trust Dividend History

Barings BDC

Barings BDC provides a robust 11.59% dividend yield, but a high payout ratio of 118.07% suggests potential challenges in sustaining this level of income. Investors should carefully evaluate the fund’s financial health.

>> Barings BDC Dividend History

Cross Timbers Royalty Trust

Cross Timbers Royalty Trust offers a hefty 10.85% dividend yield, but the payout ratio is at its limit, so the sustainability of these payments may be a concern.

>> Cross Timbers Royalty Trust Dividend History

Eaton Vance

Eaton Vance presents an 8.56% dividend yield but with a payout ratio of 170.56%, maintaining this level may be challenging.

>> Eaton Vance Dividend History

Woodside Energy

Woodside Energy provides a solid 10.15% dividend yield with a reasonable payout ratio of 67.76%, making it an appealing income option in the energy sector.

>> Woodside Energy Dividend History

Hanesbrands

Hanesbrands offers a substantial 11.90% dividend yield, supported by a payout ratio of 59.41%, making it an attractive choice for income investors.

>> Hanesbrands Dividend History

Oxford Square Capital

Oxford Square Capital boasts an impressive 14.38% dividend yield, but with a high payout ratio of 210.00%, investors should be cautious regarding the sustainability of these dividends.

>> Oxford Square Capital Dividend History

Great Elm Capital

Great Elm Capital offers a substantial 16.89% dividend yield, but the high payout ratio of 129.03% suggests that this may not be sustainable in the long term.

>> Great Elm Capital Dividend History

Ellington Financial

Ellington Financial presents a 14.71% dividend yield, but the extremely high payout ratio of 391.30% raises concerns about the sustainability of these dividends.

>> Ellington Financial Dividend History

Diana Shipping

Diana Shipping provides a robust 19.53% dividend yield with a manageable payout ratio of 80.65%, making it an interesting income option in the shipping industry.

>> Diana Shipping Dividend History

Oxford Lane Capital

Oxford Lane Capital boasts an 18.98% dividend yield with a reasonable payout ratio of 70.00%, making it an attractive choice for income investors.

>> Oxford Lane Capital Dividend History

Big Lots

Big Lots offers a substantial 22.22% dividend yield, supported by a payout ratio of 51.72%, making it an enticing option for income-focused investors.

>> Big Lots Dividend History

Orchid Island Capital

Orchid Island Capital offers an exceptionally high 22.19% dividend yield. However, the payout ratio of 1300.00% raises concerns about the sustainability of these dividends. Investors should exercise caution and conduct thorough research.

>> Orchid Island Capital Dividend History

Templeton Dragon Fund

Templeton Dragon Fund presents a 13.89% dividend yield. While this yield is attractive, investors should consider other factors which may have implications for the fund’s structure and dividend policies.

>> Templeton Dragon Fund Dividend History

Lumen Technologies

Lumen Technologies, with a hefty 15.50% dividend yield and a payout ratio of 50.00%, offers substantial income potential. Their consistent payouts make them an attractive choice for income-focused investors.

>> Lumen Technologies Dividend History

Amcor

Amcor boasts a dividend yield of 5.74% and maintains a moderate payout ratio at 69.15%. This global packaging giant provides both income stability and growth potential.

>> Amcor Dividend History

Atmos Energy

Atmos Energy delivers a 2.72% dividend yield with a sustainable payout ratio of 49.91%. Their presence in the natural gas industry makes them a reliable choice for dividend-seeking investors.

>> Atmos Energy Dividend History

Becton Dickinson

Becton Dickinson offers a 1.43% dividend yield and maintains a payout ratio of 65.10%. As a leader in medical technology, they combine income potential with long-term growth prospects.

>> Becton Dickinson Dividend History

Church & Dwight

Church & Dwight provides a 1.21% dividend yield, paired with a payout ratio of 59.12%. This consumer goods company is known for its consistent dividend payments, making it an appealing choice for income investors.

>> Church & Dwight Dividend History

Cintas

Cintas offers a modest 1.06% dividend yield, with a payout ratio of 36.09%. While the yield may not be high, the sustainable payout ratio indicates the potential for consistent dividends.

>> Cintas Dividend History

Dover

Dover boasts a healthy 4.58% dividend yield and a reasonable 27.82% payout ratio, making it an attractive choice for income-seeking investors.

>> Dover Dividend History

Consolidated Edison

Consolidated Edison provides a 3.63% dividend yield, backed by a 45.91% payout ratio, offering a balance between income and sustainability.

>> Consolidated Edison Dividend History

Emerson Electric

Emerson Electric offers a 2.32% dividend yield and a payout ratio of 37.28%, making it a reliable choice for dividend income.

>> Emerson Electric Dividend History

Johnson & Johnson

Johnson & Johnson presents a 3.20% dividend yield, but the higher payout ratio of 87.05% suggests a need for careful assessment of dividend sustainability.

>> Johnson & Johnson Dividend History

Linde

Linde offers a 1.32% dividend yield, accompanied by a reasonable payout ratio of 41.32%. While the yield may not be exceptionally high, the sustainable payout ratio suggests reliable dividends.

>> Linde Dividend History

Nordson

Nordson provides a 1.29% dividend yield and a low 29.95% payout ratio, indicating the potential for consistent dividend payments.

>> Nordson Dividend History

PepsiCo

PepsiCo offers a 2.93% dividend yield, but the higher payout ratio of 80.5% suggests that investors should monitor the sustainability of dividends.

>> PepsiCo Dividend History

PPG Industries

PPG Industries boasts a 2.11% dividend yield and a reasonable 42.04% payout ratio, making it an attractive option for income-seeking investors.

>> PPG Industries Dividend History

S&P Global

S&P Global provides a 1.02% dividend yield, supported by a payout ratio of 49.30%, offering a balance between income and sustainability.

>> S&P Global Dividend History

Stanley Black & Decker

Stanley Black & Decker offers an attractive 3.81% dividend yield, but the high payout ratio of 300.00% indicates that the company may not sustain dividends at this level.

>> Stanley Black & Decker Dividend History

Walgreens Boots Alliance

Walgreens Boots Alliance provides a high 9.31% dividend yield and a manageable payout ratio of 38.17%, making it an appealing choice for income-seeking investors.

>> Walgreens Boots Alliance Dividend History

Walmart

Walmart presents a modest 1.38% dividend yield with a reasonable payout ratio of 43.46%, indicating stable dividend payments.

>> Walmart Dividend History

Exxon Mobil

Exxon Mobil offers a 3.60% dividend yield and a sustainable payout ratio of 36.15%, making it a reliable option for income investors.

>> Exxon Mobil Dividend History

Microsoft

Microsoft provides a lower 0.87% dividend yield but maintains a reasonable payout ratio of 26.36%, striking a balance between dividends and sustainability.

>> Microsoft Dividend History

Target

Target offers a solid 4.02% dividend yield with a reasonable payout ratio of 59.26%, making it an attractive option for income-focused investors.

>> Target Dividend History

Norfolk Southern

Norfolk Southern provides a 2.84% dividend yield and maintains a manageable payout ratio of 57.94%, indicating stability in dividend payments.

>> Norfolk Southern Dividend History

United Parcel Service (UPS)

United Parcel Service (UPS) offers a robust 4.64% dividend yield and a sustainable payout ratio of 54.47%, making it an appealing choice for income-seeking investors.

>> United Parcel Service Dividend History

Are Stocks that Pay Dividends in September a Good Investment?

Investing in dividend-paying stocks in September can be a smart strategy. These stocks offer regular income in the form of dividends, which is particularly appealing in uncertain market conditions. 

As September is historically known for market volatility, dividend stocks can provide stability and a reliable income stream. However, like any investment, thorough research and diversification are key. Consider your financial goals, risk tolerance, and the specific stocks’ fundamentals before building a portfolio of September dividend payers. While dividend stocks can be a valuable addition to your investment strategy, it’s essential to maintain a balanced and diversified portfolio to manage risk effectively.

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

When venturing into September dividend stocks, several crucial factors demand your attention. First, understand the financial health and stability of the companies in your portfolio. Look for firms with consistent dividend histories, strong cash flows, and manageable payout ratios. Also, consider diversifying across sectors to spread risk. 

Furthermore, market conditions can influence stock performance. Assess economic indicators and stay informed about potential market volatility in September. Combining diligent research with a diversified approach can help you make informed decisions when investing in dividend stocks this month.



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