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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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#3: Ensco (ESV)

Ensco185ESV Dividend Yield: 5.92%

Like rival Transocean, Ensco (ESV) is an offshore driller getting hurt by stagnant oil prices and the resulting slowdown in rates paid. That said, ESV did manage to surpass analysts’ quarterly earnings forecast even as profits fell year-over year.

Rigs aren’t getting used as much in this oil-price environment, and that’s weighing heavily on ESV stock. Shares are off 11% so far this year. Like all dividend stocks, a falling share price makes the yield go up. In this case, a dividend yield of nearly 6% might make ESV worth the risk, but what the sector really needs is greater demand for oil.

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