5 Best High-Dividend Stocks to Buy Right Now

In this article, we discuss 5 best high-dividend stocks to buy right now. If you want to read our detailed analysis of high-dividend stocks and their performance over the years, go directly to read 12 Best High-Dividend Stocks to Buy Right Now. 

5. Devon Energy Corporation (NYSE:DVN)

Number of Hedge Fund Holders: 50
Dividend Yield as of March 12: 5.16%

Devon Energy Corporation (NYSE:DVN) is an Oklahoma-based independent energy company primarily engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids. The company announced a dividend payout of $0.44 per share, comprising two components. Firstly, the board approved a 10 percent increase in the fixed dividend to $0.22 per share. Secondly, there is a variable distribution of $0.22 per share. As of March 12, the stock has a dividend yield of 5.16%.

Of the 900+ hedge funds tracked by Insider Monkey at the end of Q4 2023, 50 funds owned stakes in Devon Energy Corporation (NYSE:DVN), compared with 52 in the previous quarter. The collective value of these stakes is more than $1.3 billion.