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The Top 10 S&P 500 Dividend Stocks for April

These dividend stocks yield no less than 5% and up to 11%-plus

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#10: Teco Energy (TE)

dividend-stocks-dividend-yieldTE Dividend Yield: 5.11%

Teco Energy (TE) first broke into the top S&P 500 dividend stocks in February, but a slide in yield has it poised to be knocked out again soon. Fortunately for shareholders, the reason for the drop in yield is that TE stock is in rally mode, gaining more than 5% over the last month.

Better-than-expected quarterly earnings only added to the optimism on this utility stock, which also offered relatively positive guidance. For the first time in a couple of years, TE stock isn’t lagging the S&P 500. Indeed, for the year-to-date, TE stock is beating the broader market by 4 percentage points.

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