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The Top 10 S&P 500 Dividend Stocks for April

These dividend stocks yield no less than 5% and up to 11%-plus

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#5: Transocean (RIG)

dividend-stocks-dividend-yieldRIG Dividend Yield: 5.68%

Oil-and-gas-driller Transocean (RIG) makes the top 10 dividend stocks for a second consecutive month. Unfortunately for anyone holding Transocean stock, the dividend yield climbed this high only because the stock has fallen so far. RIG stock is down a painful 17% for the year-to-date, hurt by stagnant oil prices.

Of course that does afford some opportunity for new money, which can get in on the 5.68% dividend yield — up from 5.29% a month ago — at a discounted valuation. Transocean trades for 9 times forward earnings vs. 16 for the broader market.

Article printed from InvestorPlace Media,

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