FRO - 3 Ultra-High-Yield Dividend Stocks That Are Proven Wealth Creators
2024-02-27 07:45:00 ET
If you are looking for high-yield dividend stocks that can beat the market, you might want to check out these three companies. They all have dividend yields above the 10% mark and have delivered market-beating returns for shareholders. Here is a brief overview touching on the pros and cons of each stock.
1. Frontline plc (NYSE: FRO) , one of the world's leading oil tanker operators, prides itself on having one of the industry's largest and most contemporary vessel fleets. The company thrives on the high demand and fluctuation in the oil market, enabling it to command premium prices for its services.
While Frontline doesn't always pay a quarterly dividend, its yield over the past 12 months comes in at a staggering 11%. The stock has also delivered an incredible 50.8% total return rate (dividends plus stock-price increase) over the previous 12 months, significantly outpacing the S&P 500 index over this period.
For further details see:
3 Ultra-High-Yield Dividend Stocks That Are Proven Wealth Creators