You don’t need a blunt to get a high…Here is some of our favorite quality, high dividend stocks to trade (in no particular order):
BP
Dividend yield: 6.5%
The British multinational famously rebranded itself as “Beyond Petroleum” in 2000 but, in reality, is still getting most of its profits from oil and gas. BP is one of the so-called “supermajors”, the biggest oil companies on earth. With a dividend yield of 6.5%, the returns are not too shabby – especially when weighed against the average on the London Stock Exchange, which is 3.65%!
Shell
Dividend yield: 6.34%
Royal Dutch Shell is another one of those oil “supermajors” with an iconic shell logo that is symbolic to shareholders for the cold, hard cash it shells out in the form of dividends. Even in an industry downturn, Shell has a strong track record of either growing or maintaining its dividends.
Aegon
Dividend yield: 5.05%
Car insurance, health insurance…yawn. While insurance stocks sound like a mighty bore, they appeal to some shareholders for the same reasons why your friend married that dull accountant: they offer stability and reasonable returns.
GM
Dividend yield 4.8%
If you’ve ever bought an Opel or a Chevrolet, then your money ended up in the pockets of their parent company: General Motors (or GM). Rebounding from its bailout in 2008 and now selling 9.8 million vehicles a year around the world, the American auto industry icon attracts shareholders with its healthy dividends.
BT Group
Dividend yield: 4.75%
Everyone knows the saying: “There are only two things certain in life: death and taxes.” Whoever came up with this quote left out phone bills. BT Group, a British telecommunications company, is one of those that profits from our addiction to our mobiles and Internet, sharing a handsome cut of those profits with its shareholders.
Admiral Group
Dividend yield: 3.98%
It’s no coincidence that we feature two insurance companies on this list. But unlike Aegon’s broad range of life insurance products, Admiral is predominantly a motor insurance company. While you might feel your life is worthless – insuring your car, even if it’s a junkyard jalopy, is non-negotiable. Admiral pays out almost all of its profit as a dividend, which means it never has much left to reinvest in the business.
6 1/2. Abercrombie & Fitch
Dividend yield: 6.80%
Traffic to their stores keeps falling because their brand is just not cool anymore. In just one year, the preppy purveyor of polos with massive logos lost 55% of its value! So if you invested in the shares between January 1-December 31, 2016 – you pocketed dividends, but the value of your shares also more than halved. You can’t win ‘em all…