High Dividend Yield Stocks for 2026

124 High-Yield Companies. Avoid the Traps.

Anish DasCurated by Anish Das
Refreshed Jun 20, 2026

Identify sustainable high-yield dividend stocks paying 4% or more, while actively filtering out dangerous yield traps through quality and profitability metrics.

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Screen VitalsLive Metrics
Companies
124
Avg Yield
7.99%
Avg Payout Ratio
—
Avg ROE
41.60%
Targeted Income
4%+ Dividend Yield
Quality Baseline
Return on Equity ≄ 8%
Scale Required
Market Cap ≄ $1B
Trap Avoidance
Safety Metrics Included
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Compare Top 3 Open Screener
TickerCompanyDiv YieldPayout RatioDiv Growth 3YGrowth Stk (Yrs)Total Ret 1Y
Array Digital Infrastructure, Inc.58.6%682.9%—037.8%
Pilgrim's Pride Corporation30.6%184.3%-71.8%0-35.9%
Orchid Island Capital, Inc.20.8%112.5%-9.1%014.9%
Phoenix Education Partners, Inc19.7%160.1%—0-18.8%
Civitas Resources, Inc.18.2%58.9%—1-11.3%
ARMOUR Residential REIT, Inc.17.9%87.8%-21.7%018.5%
Dynex Capital, Inc.15.1%77.3%9.4%223.7%
AGNC Investment Corp.15.1%95.9%0%027.6%
Mach Natural Resources LP14.9%85.5%—0-7.1%
SLM Corporation14.7%94%5.7%2-25.7%
Ellington Financial Inc.13.7%125%-4.7%017.2%
Whirlpool Corporation13.7%94.3%-19.9%0-54.7%
Blue Owl Capital Corporation13.7%119.9%3.9%0-15.2%
The Western Union Company13.2%61.8%0%0-4.4%
Annaly Capital Management, Inc.13.2%92.8%-7.3%130.4%
Trinity Capital Inc.11.7%100.6%12.3%035.5%
Golub Capital BDC, Inc.11.2%97.9%5.7%0-6.3%
Alliance Resource Partners, L.P.11.2%108.4%6.3%0-0.8%
Dorchester Minerals, L.P.11.1%230.2%-15.3%0-1.3%
Artisan Partners Asset Management Inc.10.9%88.6%16.3%2-5.6%
Sixth Street Specialty Lending, Inc.10.8%99.9%0.7%0-19.8%
CVR Partners, LP10.7%127.7%31.4%138.7%
Conagra Brands, Inc.10.6%58.1%2%0-32.1%
The Buckle, Inc.9.8%107.3%0%010.5%
The Wendy's Company9.8%78.5%3.8%0-35%
Capital Southwest Corporation9.7%130.3%-25.1%019.7%
AllianceBernstein Holding L.P.9.7%117.5%10.4%2-1.3%
Kimbell Royalty Partners, LP9.6%189.9%-10.6%011.7%
Black Stone Minerals, L.P.9.6%95.2%-12.6%015.3%
Hercules Capital, Inc.9.1%81.3%1.1%0-3.2%
AD logoAD
Array Digital Infrastructure, Inc.
37.8%
58.6%Div Yield
Payout Ratio682.9%
Div Growth 3Y—
Growth Stk (Yrs)0
Total Ret 1Y37.8%
PPC logoPPC
Pilgrim's Pride Corporation
-35.9%
30.6%Div Yield
Payout Ratio184.3%
Div Growth 3Y-71.8%
Growth Stk (Yrs)0
Total Ret 1Y-35.9%
ORC logoORC
Orchid Island Capital, Inc.
14.9%
20.8%Div Yield
Payout Ratio112.5%
Div Growth 3Y-9.1%
Growth Stk (Yrs)0
Total Ret 1Y14.9%
PXED logoPXED
Phoenix Education Partners, Inc
-18.8%
19.7%Div Yield
Payout Ratio160.1%
Div Growth 3Y—
Growth Stk (Yrs)0
Total Ret 1Y-18.8%
CIVI logoCIVI
Civitas Resources, Inc.
-11.3%
18.2%Div Yield
Payout Ratio58.9%
Div Growth 3Y—
Growth Stk (Yrs)1
Total Ret 1Y-11.3%
ARR logoARR
ARMOUR Residential REIT, Inc.
18.5%
17.9%Div Yield
Payout Ratio87.8%
Div Growth 3Y-21.7%
Growth Stk (Yrs)0
Total Ret 1Y18.5%
DX logoDX
Dynex Capital, Inc.
23.7%
15.1%Div Yield
Payout Ratio77.3%
Div Growth 3Y9.4%
Growth Stk (Yrs)2
Total Ret 1Y23.7%
AGNC logoAGNC
AGNC Investment Corp.
27.6%
15.1%Div Yield
Payout Ratio95.9%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y27.6%
MNR logoMNR
Mach Natural Resources LP
-7.1%
14.9%Div Yield
Payout Ratio85.5%
Div Growth 3Y—
Growth Stk (Yrs)0
Total Ret 1Y-7.1%
SLM logoSLM
SLM Corporation
-25.7%
14.7%Div Yield
Payout Ratio94%
Div Growth 3Y5.7%
Growth Stk (Yrs)2
Total Ret 1Y-25.7%
EFC logoEFC
Ellington Financial Inc.
17.2%
13.7%Div Yield
Payout Ratio125%
Div Growth 3Y-4.7%
Growth Stk (Yrs)0
Total Ret 1Y17.2%
WHR logoWHR
Whirlpool Corporation
-54.7%
13.7%Div Yield
Payout Ratio94.3%
Div Growth 3Y-19.9%
Growth Stk (Yrs)0
Total Ret 1Y-54.7%
OBDC logoOBDC
Blue Owl Capital Corporation
-15.2%
13.7%Div Yield
Payout Ratio119.9%
Div Growth 3Y3.9%
Growth Stk (Yrs)0
Total Ret 1Y-15.2%
WU logoWU
The Western Union Company
-4.4%
13.2%Div Yield
Payout Ratio61.8%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y-4.4%
NLY logoNLY
Annaly Capital Management, Inc.
30.4%
13.2%Div Yield
Payout Ratio92.8%
Div Growth 3Y-7.3%
Growth Stk (Yrs)1
Total Ret 1Y30.4%
TRIN logoTRIN
Trinity Capital Inc.
35.5%
11.7%Div Yield
Payout Ratio100.6%
Div Growth 3Y12.3%
Growth Stk (Yrs)0
Total Ret 1Y35.5%
GBDC logoGBDC
Golub Capital BDC, Inc.
-6.3%
11.2%Div Yield
Payout Ratio97.9%
Div Growth 3Y5.7%
Growth Stk (Yrs)0
Total Ret 1Y-6.3%
ARLP logoARLP
Alliance Resource Partners, L.P.
-0.8%
11.2%Div Yield
Payout Ratio108.4%
Div Growth 3Y6.3%
Growth Stk (Yrs)0
Total Ret 1Y-0.8%
DMLP logoDMLP
Dorchester Minerals, L.P.
-1.3%
11.1%Div Yield
Payout Ratio230.2%
Div Growth 3Y-15.3%
Growth Stk (Yrs)0
Total Ret 1Y-1.3%
APAM logoAPAM
Artisan Partners Asset Management Inc.
-5.6%
10.9%Div Yield
Payout Ratio88.6%
Div Growth 3Y16.3%
Growth Stk (Yrs)2
Total Ret 1Y-5.6%
TSLX logoTSLX
Sixth Street Specialty Lending, Inc.
-19.8%
10.8%Div Yield
Payout Ratio99.9%
Div Growth 3Y0.7%
Growth Stk (Yrs)0
Total Ret 1Y-19.8%
UAN logoUAN
CVR Partners, LP
38.7%
10.7%Div Yield
Payout Ratio127.7%
Div Growth 3Y31.4%
Growth Stk (Yrs)1
Total Ret 1Y38.7%
CAG logoCAG
Conagra Brands, Inc.
-32.1%
10.6%Div Yield
Payout Ratio58.1%
Div Growth 3Y2%
Growth Stk (Yrs)0
Total Ret 1Y-32.1%
BKE logoBKE
The Buckle, Inc.
10.5%
9.8%Div Yield
Payout Ratio107.3%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y10.5%
WEN logoWEN
The Wendy's Company
-35%
9.8%Div Yield
Payout Ratio78.5%
Div Growth 3Y3.8%
Growth Stk (Yrs)0
Total Ret 1Y-35%
CSWC logoCSWC
Capital Southwest Corporation
19.7%
9.7%Div Yield
Payout Ratio130.3%
Div Growth 3Y-25.1%
Growth Stk (Yrs)0
Total Ret 1Y19.7%
AB logoAB
AllianceBernstein Holding L.P.
-1.3%
9.7%Div Yield
Payout Ratio117.5%
Div Growth 3Y10.4%
Growth Stk (Yrs)2
Total Ret 1Y-1.3%
KRP logoKRP
Kimbell Royalty Partners, LP
11.7%
9.6%Div Yield
Payout Ratio189.9%
Div Growth 3Y-10.6%
Growth Stk (Yrs)0
Total Ret 1Y11.7%
BSM logoBSM
Black Stone Minerals, L.P.
15.3%
9.6%Div Yield
Payout Ratio95.2%
Div Growth 3Y-12.6%
Growth Stk (Yrs)0
Total Ret 1Y15.3%
HTGC logoHTGC
Hercules Capital, Inc.
-3.2%
9.1%Div Yield
Payout Ratio81.3%
Div Growth 3Y1.1%
Growth Stk (Yrs)0
Total Ret 1Y-3.2%
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Learn more about High Dividend Yield Stocks for 2026

How We Build This List

  • Dividend Yield ≄ 4%Captures genuinely high yield while excluding lower-yield growers better suited for Aristocrats screens.
  • Return on Equity ≄ 8%Baseline quality filter — ROE <8% signals subpar capital returns and higher cut risk.
  • Market Cap ≄ $1 BillionExcludes micro/small-caps with short, unreliable dividend histories and limited liquidity.
  • Sorted by Dividend Yield DescendingIncome investors want highest yield first — but Payout Ratio and FCF Margin columns immediately visible to catch traps.

What Makes a Stock a High Dividend Yield Stocks List constituent?

This screen identifies income-generating equities by filtering for a minimum 4% dividend yield, 8% ROE, and $1B market cap. This approach helps investors avoid the 'yield trap' phenomenon, such as when AT&T cut its dividend in 2022, by ensuring underlying profitability remains intact.

4% YIELD
Income Filter
Yield >= 4%
8% ROE
Quality Filter
ROE >= 8%
$1B CAP
Size Filter
Market Cap >= $1B
1

Filter for Yield and Quality

We set a 4% yield floor to capture income, while the 8% ROE filter ensures companies like Verizon (which maintains high ROE) are prioritized over struggling firms.

2

Apply Size Constraints

The $1B market cap requirement filters out volatile micro-caps, similar to how investors avoided the 2021 meme-stock crash by focusing on established, liquid entities.

3

Verify Cash Flow Sustainability

Always cross-reference yield with FCF margins; for example, ExxonMobil's 2020 dividend was safe because its cash flow remained robust despite the oil price crash.

Performance Dynamics: When Does This Strategy Outperform?

Strategy performance behaves differently based on market conditions. Let's analyze when this strategy outperforms and when it lags:

When High Yield Leads

  • āœ“ During the 2022 bear market, high-dividend stocks outperformed the S&P 500 by roughly 12% as investors fled growth for cash flow.
  • āœ“ In the 2000-2002 dot-com bust, dividend-paying value stocks provided a buffer while the Nasdaq fell 78%.
  • āœ“ During the 1970s stagflation, dividend reinvestment accounted for over 70% of total market returns.

When High Yield Trails

  • āœ— During the 2020-2021 tech bull market, high-yield stocks trailed the S&P 500 by over 20% as capital flooded into growth names like Tesla.
  • āœ— When interest rates fall rapidly, as seen in 2009, investors often rotate out of income stocks into high-beta growth equities.
  • āœ— In periods of extreme speculative mania, such as 1999, high-yield stocks are often ignored as investors chase 100% annual price gains.

How to Use the Screener Results Table

To build a resilient portfolio, do not buy stocks on simple statistics alone. Use the key columns in our table to audit the durability, safety, and returns of each stock:

Dividend Yield Percentage

Measures annual payout relative to price; a 5% yield on Chevron is attractive, but a 15% yield often signals an impending dividend cut.

Payout Ratio Percentage

The percentage of earnings paid as dividends; Coca-Cola typically maintains a sustainable 70% ratio, whereas ratios over 100% indicate danger.

ROE Percentage

Measures management's efficiency; an ROE of 15% at JPMorgan Chase shows strong capital usage compared to a struggling firm with 3% ROE.

FCF Margin Percentage

Shows cash available after expenses; high FCF margins, like those seen at Realty Income, confirm the dividend is funded by cash, not debt.

Risk Factors & Warning Signs to Track

The Yield Trap Trap

A yield trap occurs when a stock's price falls, artificially inflating the yield. General Electric in 2017 is a classic example; the yield looked high, but the company was burning cash, leading to a massive dividend cut and a 75% share price drop by 2019.

What are High Dividend Yield Stocks?

Filters for high initial yields (4%+) while enforcing quality and scale gates. It requires a $1B+ market cap and positive ROE to separate sustainable income from yield traps.

  • Dividend Yield ≄ 4%
  • Return on Equity (ROE) ≄ 8%
  • Market Capitalization ≄ $1 Billion
  • US-Listed Common Stocks Only

Why Invest in High Dividend Yield Stocks?

Immediate Cash Flow

Delivers high current cash flow immediately

Trap Protection

Avoids distressed companies masking as high yield

Income Alternatives

Compels strong alternative income when rates drop

Value Indicator

Signals potential undervaluation in quality firms

Frequently Asked Questions

Why use an 8% ROE filter?
ROE below 8% often indicates a company is failing to generate sufficient returns on its capital, which is a leading indicator of future dividend cuts, as seen with many retailers in 2020.
Is a 10% yield ever safe?
Rarely. When a stock like Lumen Technologies hit double-digit yields in 2022, it was a warning sign of structural decline rather than a bargain.
How often should I rebalance?
Quarterly reviews are standard, as seen with institutional dividend funds like VIG, which adjust holdings based on annual dividend growth reports.
Does this screen work for growth investors?
No. This screen is for income-focused investors; growth investors would prefer the 0% yield of a company like Amazon during its 2010-2020 expansion phase.
What if a company cuts its dividend?
Sell immediately. History shows that stocks like General Electric in 2018 often drop another 20-30% in the months following a dividend suspension.
Are REITs included?
Yes, REITs like Prologis often pass these filters because their business model requires high dividend payouts, though they must be analyzed via FFO rather than standard EPS.
Why the $1B market cap floor?
Small-cap stocks lack the institutional liquidity of large-caps like Johnson & Johnson, making them prone to 'flash crashes' that can wipe out a year of dividend income.
Can I use this for retirement planning?
Yes, but diversify. Relying on one high-yield stock is risky; even blue chips like AT&T cut dividends, so a basket of 20+ stocks is safer.

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