Investors eying dividend income could consider putting their money into these five companies before this month ends (before their ex-dividend dates). Furthermore, these companies’ shares offer a high yield of over 7%, making them an attractive investment to combat inflation. Let’s begin.
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Ellington Financial (NYSE:EFC)
Ellington Financial operates as a REIT, focusing on property-related securities like mortgage-backed securities and residential mortgage loans, among others. EFC stock commands a Strong Buy consensus rating on TipRanks based on four unanimous Buy recommendations. EFC stock has an ex-dividend date of November 29. It pays a monthly dividend of $0.15 a share, translating into a stellar dividend yield of 12.87%.
Newell Brands (NASDAQ:NWL)
Newell Brands manufactures and distributes consumer and commercial products, including home appliances, outdoor and recreation, and commercial cleaning and maintenance. NWL stock has received five Buy, four Hold, and one Sell recommendations for a Moderate Buy consensus rating on TipRanks. NWL’s ex-dividend date is on November 29. Further, it pays a quarterly dividend of $0.23 a share, reflecting a dividend yield of 7.04%.
Pioneer Natural Resources (NYSE:PXD)
Pioneer Natural Resources is a hydrocarbon exploration firm. PXD stock has a Moderate Buy consensus rating on TipRanks based on eight Buy, six Hold, and one Sell recommendations. PXD stock has an ex-dividend date of November 29. It will pay a quarterly dividend of $5.71 a share and offers a dividend yield of 9.31%.
Star Bulk Carriers (NASDAQ:SBLK)
Star Bulk Carriers is a shipping company offering transportation solutions in the dry bulk sector. SBLK stock sports a Strong Buy consensus rating on TipRanks based on five unanimous Buy recommendations. SBLK’s ex-dividend date is on November 29. Further, it will pay a quarterly dividend of $1.20 and offers a solid dividend yield of over 32%. (Learn more about SBLK’s dividend.)
SL Green Realty (NYSE:SLG)
SL Green Realty is a REIT focusing on office buildings and shopping centers. SLG has received four Buy, six Hold, and one Sell recommendations for a Moderate Buy consensus rating. SLG stock has an ex-dividend date of November 29. It will pay a monthly dividend of $0.31 a share and has a dividend yield of 9.11%.
