# The Top 10 S&P 500 Dividend Stocks for May

## These stocks still have impressive yields despite market highs

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### #7: HCP (HCP)

HCP Dividend Yield: 5.18%

HCP (HCP) is another REIT that’s no stranger to the list of top dividend stocks. However, the yield on HCP has been like a slowly melting iceberg — even after a dividend. With its shares rallying, the yield on HCP has slipped from 5.83% as recently as March.

It’s hard to get mad at HCP stock for putting up such strong price appreciation. Indeed, HCP is having an excellent year for a big dividend payer, putting up a gain of 16% so far in 2014. A beat-and-raise first quarter — helped by higher revenue, not cost cuts — no doubt gave HCN stock a nice tailwind.