RTL Group, Advance Gas Lead High-Yield Dividend Stocks
Investors are eyeing several stocks for their promising dividend yields. RTL Group and Advance Auto are among those catching attention, with RTL Group offering a sustainable yield of nine percent and Advance Auto paying out a significant portion of its market capitalization in dividends.
RTL Group, a major European media company, pays out around 80 percent of its profits as dividends. This results in a sustainable yield of nine percent, making it an attractive option for income-focused investors. Additionally, RTL Group's sale of a Dutch subsidiary could lead to a special dividend of 6.00 euros, nearly doubling the yield to nearly 20 percent.
Advance Auto, a Norwegian tanker company specializing in Very Large Gas Carrier (VLGC) ships, has also caught investors' eyes. In the first quarter of 2023, it paid out 15 percent of its market capitalization in dividends. Looking ahead, the company is expected to pay out 70 percent of its stock's market value in dividends over the next three years, indicating a strong commitment to shareholder returns.
The editorial team has selected 15 stocks with an average dividend yield of around 10 percent, providing a diverse range of options for investors seeking income. RTL Group aims to achieve the previous year's result by 2024, with a payout ratio of around three euros, further solidifying its commitment to dividends.
RTL Group and Advance Auto stand out as attractive dividend stocks, with RTL Group offering a sustainable yield of nine percent and the potential for a special dividend, and Advance Auto demonstrating a strong commitment to shareholder returns. Investors seeking high dividend yields have a variety of options to consider, with the editorial team's selection of 15 stocks offering an average yield of around 10 percent.
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