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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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#5: Transocean (RIG)

Transocean185RIG Dividend Yield: 5.37%

Offshore driller Transocean (RIG) makes the top 10 dividend stocks for a third consecutive month. Unfortunately for anyone holding Transocean stock, the dividend yield propelled it into the top 10 only because the stock has fallen so far. RIG stock is down a painful 14% for the year-to-date, hurt by a large number of rigs coming off contract.

Happily for shareholders, however, is the fact that RIG appears to have found a bottom. Quarterly earnings beat Wall Street forecasts, and the market also likes the RIG restructuring plan, which will spin off eight rigs into a new publicly traded company.

Article printed from InvestorPlace Media, http://investorplace.com/2014/05/best-dividend-stocks-dividend-yield-may/.

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