5 Best High-Yield Dividend Stocks To Buy Now

In this article, we will discuss 5 best high-yield dividend stocks to buy 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-Yield Dividend Stocks To Buy Now. 

5. Kinder Morgan, Inc. (NYSE:KMI)

Dividend Yield as of November 22: 5.90%

Kinder Morgan, Inc. (NYSE:KMI) is a Texas-based energy infrastructure company that owns and controls oil and gas pipelines and terminals. In October, Barclays maintained an Equal Weight rating on the shares with a $20 price target, highlighting the company’s strong demand outlook.

In the third quarter of 2022, Kinder Morgan, Inc. (NYSE:KMI) reported a revenue of $5.18 billion, which showed a 35.6% growth from the same period last year. The company’s distributable cash flow came in at over $1.1 billion, compared with $1 billion in the prior-year quarter. Its adjusted earnings amounted to over $575 million, compared with $505 million in the third quarter of 2021.

On October 19, Kinder Morgan, Inc. (NYSE:KMI) declared a quarterly dividend of $0.2275 per share, in line with its previous dividend. The company is one of the best dividend stocks on our list as it has raised its payouts consistently for the past 5 years. As of November 22, the company’s shares boast a yield of 5.90%.

As of the end of Q3 2022, 38 hedge funds tracked by Insider Monkey owned stakes in Kinder Morgan, Inc. (NYSE:KMI), compared with 41 in the previous quarter. These stakes have a collective value of over $1.06 billion. Orbis Investment Management was the company’s leading stakeholder in Q3.