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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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#8: Teco Energy (TE)

Teco Energy 185TE Dividend Yield: 5.07%

Teco Energy (TE) first broke into the top S&P 500 dividend stocks in February and it has stayed there with its generous yield. Unfortunately for shareholders, TE stock hasn’t been nearly as good to them on price appreciation.

Better-than-expected quarterly earnings and relatively positive guidance fueled this utility stock with optimism for earlier in the year. Indeed, at one point last month, TE stock was leading the S&P 500 for the first time in a couple of years. Then TE missed quarterly earnings and revenue forecasts and the optimism evaporated. TE stock essentially flat for the year-to-date, lagging the broader market by about percentage point.

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