Investing in high dividend-yielding stocks can be enticing at first glance, but the ultimate goal is not just high yields but an upward trajectory in stock value. Today, we delve into the realm of high-yielding stocks near their 52-week lows, uncovering hidden gems that show potential for significant growth.
Unveiling the Selection Criteria
Utilizing the Barchart Screener, we incorporated two fundamental filters:
- Annual Dividend Yield (%): 5% or higher, aiming for exceptional yields beyond the typical 2% to 5% range.
- Percent From Low: Up to 20% above the 52-week low, indicating stocks with the potential for significant capital appreciation.
While these metrics are standard, we leveraged the exclusive Barchart Opinion tool with additional filters:
- Overall Buy/Hold/Sell Signal: Set to “Buy” for favorable investment opportunities.
- Overall Opinion Direction: Strengthening to Top 1%, indicating a promising stock trajectory.
- Overall Opinion Strength: Strong to Top 1%, predicting substantial momentum in stock movement.
- Overall Opinion Strength %: Greater than 99%, ensuring stocks with robust strength values.
These selection criteria zero in on high-dividend stocks poised to rebound strongly from their 52-week lows.
After thorough analysis, we condensed our list from thousands of stocks and identified the top three high dividend-yielding stocks.
Let’s explore:
Kimbell Royalty Partners (KRP)
Kimbell Royalty Partners specializes in oil and mineral assets, boasting ownership in various wells across multiple states. With an annual dividend payout of $1.96 per share, equating to an impressive 11.66% yield, KRP stands out as a top contender. Additionally, holding a strong buy signal from Barchart Opinion and trading nearly 20% above its 52-week low, Kimbell Royalty Partners offers substantial value potential.
Westlake Chemical Partners LP (WLKP)
Westlake Chemical Partners operates in the petrochemical sector, producing significant amounts of ethylene annually. With a yearly dividend of $1.89 per share and an 8.18% yield, WLKP shows promise. Trading 10.14% above its 52-week low and backed by a “strengthening” trend from Barchart Opinion, Westlake Chemical Partners emerges as a strong investment contender.
Enterprise Products Partners LP (EPD)
Enterprise Products Partners, a midstream energy services provider, connects energy producers to consumers across the U.S. and international markets. Offering a dividend of $2.10 annually with a 7.10% yield, EPD secures its position among top dividend stocks. While trading 15.42% above its 52-week low, Enterprise Products Partners demonstrates strong growth potential, supported by Barchart Opinion’s positive analysis.
Parting Thoughts
Combining the Barchart Opinion tool with the 52-week low filter yields valuable insights for investors seeking high-dividend stocks positioned for growth. Consider exploring this strategy alongside standard due diligence for potentially rewarding outcomes.