5 High-Yield Dividend Stocks With Double Digit Upside, According to Wall Street

By Lee Jackson Published Jan 12, 9:49AM EST

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5 High-Yield Dividend Stocks With Double Digit Upside, According to Wall Street — © Chaay_Tee / iStock via Getty Images

Investors love dividend stocks because they provide dependable income and give investors a great opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the actual investment or portfolio return consists of income and stock appreciation.

At 247 Wall St., we always like to remind our readers about the impact total return has on portfolios because it is one of the best ways to help improve the chances for overall investing success. Again, total return is the combined increase in a stock’s value plus dividends. For instance, if you buy a stock at $20 that pays a 3% dividend, and it goes up to $22 in a year, your total return is 13%—10% for the increase in stock price and 3% for the dividends paid.

We screened our 24/7 Wall St. research database, looking for high-yielding stocks with double-digit upside potential according to Wall Street brokerage firms. Five stocks that make sense for total return investors hit our screens.

British American Tobacco

This European giant continues to print money and pays a massive 9.25% dividend. British American Tobacco plc (NYSE: BTI | BTI Price Prediction) offers:

Vapor
Tobacco heating
Modern oral nicotine products
Combustible cigarettes
Traditional oral products, such as snus and moist snuff

The company offers its products under:

Vuse,
Glo
Velo
Grizzly
Kodiak
Dunhill
Kent
Lucky Strike
Pall Mall
Rothmans
Camel
Natural American Spirit
Newport
Vogue
Viceroy
Kool
Peter Stuyvesant
Craven A
State Express 555
Shuang Xi brands

Devon Energy

This energy company utilizes the variable dividend strategy to pay investors a 6.41% dividend. Devon Energy Corporation (NYSE: DVN) is an independent energy company that primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada. It operates approximately 19,000 wells.

The company also offers

Midstream energy services through natural gas pipelines, plants, and treatment facilities, including gathering, transmission, processing, fractionation, and marketing to natural gas producers, NGLs, crude oil, and condensate producers.

Production is weighted towards crude oil, while growth opportunities are liquids-focused – anchored by the:

Delaware Basin,
SCOOP/STACK,
Eagle Ford Shale,
Canadian Oil Sands
Barnett Shale

Devon also owns equity in the publicly traded midstream MLP EnLink.

Medifast

This company offers fast weight loss products and a massive 10.46% dividend. Medifast, Inc. (NYSE: MED) manufactures and distributes weight loss, weight management, healthy living products, and other consumable health and nutritional products in the United States and the Asia-Pacific.

The company offers these products under the OPTAVIA, Optimal Health by Take Shape for Life, and Flavors of Home brands.

Bars
Bites
Pretzels
Puffs
Cereal crunch
Drinks
Hearty choices
Oatmeal
Pancakes
Pudding
Soft serves
Shakes
Smoothies
Soft bakes
Soups

It markets its products through point-of-sale transactions over an e-commerce platform.

Nu Skin Enterprises

Skin care products for women rarely go out of style, and this company pays a massive 8.44% dividend. Nu Skin Enterprises, Inc. (NYSE: NUS) develops and distributes beauty and wellness products worldwide.

It offers skincare devices, cosmetics, and other personal care products, including:

ageLOC LumiSpa
ageLOC LumiSpa iO
ageLOC Body Spa
Nutraceuticals skin care products.

The company also provides wellness products like:

ageLOC Meta
LifePak nutritional supplements
ageLOC TR90 weight management system,
Beauty Focus Collagen+

In addition, it is involved in the research and product development of skin care products and nutritional supplements.

The company sells its products under the Nu Skin, Pharmanex, and ageLOC brands through retail stores, websites, digital platforms, independent direct sellers and marketers, and a service center.

Plains All American Pipeline

This stock has been locked in a tight trading range and looks ready to break out and pays a fat 8.20% dividend. Plains All American Pipeline, L.P. (NYSE: PAA), through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada.

The company operates in two segments:

Crude Oil
Natural Gas Liquids (NGL)

The Crude Oil segment offers:

Gathering and transporting crude oil through pipelines
Gathering systems
Trucks and barges or railcars.
This segment provides terminalling, storage, and other facilities-related services and merchant activities.

The Natural Gas Liquids segment provides:

Gathering
Fractionation
Storage
Transportation
Terminalling activities.
This segment is also involved in ethane, propane, normal butane, iso-butane, natural gasoline, and crude oil refining processes

About the Author Lee Jackson →

Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad and diverse career, which included a stint as the creative services director at the NBC affiliate in Austin, Texas, gives him unique insight into the financial industry and world.

Lee Jackson's journey in the financial industry spans over 30 years, with nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career was marked by his presence on the sell side during pivotal Wall Street events, from the dot.com rise and bubble to the Long Term Capital Management debacle, 9/11, and the Great Recession of 2008. This is a testament to his resilience and adaptability in the face of market volatility.

Lee Jackson’s practical financial industry experience, acquired from a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing on various platforms. This unique combination allows him to shed light on the intricacies and workings of Wall Street in a way that only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.

Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.