5 Best High-Dividend Stocks to Buy Now

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In this article, we discuss 5 best high-dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 10 Best High-Dividend Stocks to Buy Now

5. Portland General Electric Company (NYSE:POR)

Dividend Yield as of October 11: 4.23%

Portland General Electric Company (NYSE:POR) is an Oregon-based public utility company that mainly specializes in the distribution of electricity. In August, Mizuho raised its price target on the stock to $51 with a Neutral rating on the shares. The firm expects the company’s balance sheet to recover in 2023.

In the first six months of 2022, Portland General Electric Company (NYSE:POR) reported net cash by operating activities of $451 million, up from $276 million during the same period last year. Its revenue for the quarter came in at $591 million, showing a 10.1% growth from the prior-year quarter. For FY22, the company expects its cash from operations to fall between $600 to $650 million.

Portland General Electric Company (NYSE:POR) is one of the best dividend stocks on our list as the company has been raising its dividends for the past 15 years. It currently pays a quarterly dividend of $0.45 per share for a dividend yield of 4.23%, as of October 11.

At the end of Q2 2022, 20 hedge funds in Insider Monkey’s database owned stakes in Portland General Electric Company (NYSE:POR), compared with 21 in the previous quarter. These stakes hold a combined value of $66.4 million. Millennium Management was the company’s leading stakeholder in Q2.

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