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The Top 10 S&P 500 Dividend Stocks for May

These stocks still have impressive yields despite market highs

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What a difference a month makes. The last time we looked at the top dividend stocks in the S&P 500, the market was in a funk, negative for the year-to-date, and it looked like the fear trade would be here for a while.

dividend stocks dollar arrow dividend stocksCut to today: The S&P 500 has rallied 3.5% over the last month, and is back up to record-high territory.

As we noted the last time we looked at the top dividend stocks in the S&P 500, if there’s a bright side to falling stock prices, it’s that it makes the yields on dividend stocks go up. (As with bonds, yields and prices move in opposite directions).

But now that the S&P 500 has reverted back to gains, aggregate yields on dividend stocks have been ever so slightly clipped. The market’s dividend yield stands at 1.96%, down from 1.99% a month ago.

Of course, not all dividend stocks and bonds throw off such paltry yields. The benchmark index includes dividends stocks yielding anywhere from about 5% to nearly 11%.

To get a sense of what’s out there among high-yield dividend stocks, here are the top 10 S&P 500 dividend stocks for May. (Note: All dividend yields are as of market close May 9.)

Article printed from InvestorPlace Media,

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