Dividend yields have risen nicely as stock prices have fallen over the last few months. There are currently 39 non-REIT stocks in the S&P 500 that yield more than 4.5% per year. We list these 39 high yielders below broken out by sector.
CenturyLink (CTL) has the highest yield in the S&P 500 at 13.93%. Another Communication Services sector stock — AT&T — is now yielding nearly 7%.
In the Consumer Discretionary sector, L Brands (LB) leads with a 9.07% yield, followed by Ford Motor (F) at 7.71%. Five Consumer Staples stocks have yields above 5% — COTY, PM, MO, KHC, and GIS.
Oneok (OKE) and Williams (WMB) have the highest yields in the Energy sector at 6%+, while Invesco (IVZ) has the highest yield in the Financial sector at 7.3%.
Just one Health Care stock (ABBV) and one Industrials stock (NLSN) made the list of 4.5%+ yielders, while three Materials stocks are on the list — IP, LYB, and WRK.
Six Technology stocks in the S&P 500 have yields above 4.5%, with Seagate (STX) leading the way at 6.9%. Finally, in the Utilities sector, three stocks made the cut — all with yields above 5%. PPL Corp (PPL) has the highest yield of the three at 5.86%.