5 Best High Yield Dividend Stocks to Buy in June

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In this article, we discuss the 5 best high yield dividend stocks to buy in June. If you want to read our detailed analysis of these companies, go directly to the 10 Best High Yield Dividend Stocks to Buy in June.

5. Sunoco LP (NYSE: SUN)

Dividend Yield as of June 11: 8.86%
Number of Hedge Fund Holders: 2

Ranking 5th in our list of 10 best high yield dividend stocks to buy in June is Sunoco LP (NYSE:SUN). Sunoco LP is a global seller of motor fuels on a wholesale basis. One of the most significant acquisitions of Sunoco LP (NYSE:SUN) was convenience stores from Speedway LCC. The company purchased stores to convert them into wholesale distribution hubs estimated to produce around 180 million per year gallons of fuel.

Sunoco LP (NYSE:SUN) posted its adjusted EBITDA of $157 million in the first quarter of 2021, down from $209 million in the first quarter of 2020. SUN shares currently trade for $37.28 and have a P/E ratio of 7.51. The current dividend yield is 8.86%. The 52-week price range of Sunoco LP (NYSE:SUN) is $22.52-37.43. Shares of SUN jumped 56.42% over the last twelve months. On May 13, Wells Fargo maintained an Underweight rating on Sunoco and raised the price target to $33.



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