The 6 Highest Yielding S&P 500 Dividend Stocks Are Outstanding Buys Now


Iron Mountain

This real estate investment trust (REIT) still looks to have solid upside potential. Iron Mountain Inc. (NYSE: IRM) is the global leader in secure storage. It operates in 54 countries, generates more than $4.2 billion in revenue and has a durable business model. Recent acquisitions position the company for growth in data centers and emerging markets.
Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data and cultural and historical artifacts. Providing solutions that include information management, digital transformation, secure storage, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster and enable a more digital way of working.

This REIT and pays a large 5.52% distribution. The $43 Goldman Sachs price target compares with a consensus estimate of $40.13. Thursday’s closing share price for Iron Mountain stock was $29.56.

Kinder Morgan

A top energy stock, this remains a favorite across Wall Street. Kinder Morgan Inc. (NYSE: KMI) operates as an energy infrastructure company in North America. The company operates through the following segments.

The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipelines and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids (NGLs) fractionation facilities and transportation systems; and liquefied natural gas (LNG) liquefaction and storage facilities.

The Products Pipelines segment owns and operates refined petroleum products and crude oil and condensate pipelines, as well as associated product terminals and petroleum pipeline transmix facilities.

The Terminals segment owns or operates liquids and bulk terminals that store and handle various commodities, including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. It also owns tankers.

The CO2 segment produces, transports and markets CO2 to recover and produce crude oil from mature oil fields, and it owns interests in or operates oil fields and gasoline processing plants, as well as operates a crude oil pipeline system in West Texas. It owns and operates approximately 83,000 miles of pipelines and 144 terminals.

Shareholders receive a 6.70% dividend. This summer, Mizuho raised its price target to $22 from $21. The consensus target for Kinder Morgan stock is $18.52, and Thursday’s closing print was $16.49 per share.