In this article, we will take a look at the 12 Ultra-High Dividend Stocks to Buy for Income Investors.
Wells Fargo Investment Institute believes investors should place a greater focus on income as they navigate an increasingly uncertain environment.
In the bank’s midyear outlook, Darrell Cronk, president of Wells Fargo Investment Institute and chief investment officer for Wealth and Investment Management, said investors must balance current opportunities with several risks that could emerge in the months ahead. Prioritizing income was one of the key investment themes he highlighted for the remainder of the year. Cronk wrote:
“Although investors are now able to lock in higher yields than we’ve seen in decades, today’s economic backdrop brings key risks that include inflation, income replacement (i.e., replacing maturing bonds with new assets paying similar interest rates), and stock market concentration with high-level uncertainty as markets digest the effects of the U.S.-Iran war and accompanying high oil prices, a new Fed chairman, and an upcoming mid-year election that may have impacts on fiscal policy, both before and after the election.”
Cronk and his team believe investors should generate income from a mix of asset classes rather than relying on a single source. Tracie McMillion, head of global asset allocation strategy, stated the following after the outlook’s release.
“Building an income-focused portfolio isn’t just about building a laddered bond portfolio anymore. It’s about building a resilient, multi-asset class income stream.”
That approach includes adding dividend-paying stocks. According to McMillion, dividend stocks can offer a measure of protection when prices rise because they have the potential to grow over time, unlike traditional fixed-income investments, which typically do not provide a hedge against inflation. She specifically favors sectors such as financials, industrials, and utilities. These sectors tend to benefit from inflationary environments and, as a group, generally offer above-market dividend yields. McMillion also noted that dividend stocks can help investors reduce their exposure to the heavy concentration of technology stocks in many portfolios. The outlook noted:
“While higher dividend-paying stocks may not always be the fastest growing names, they may be more resilient as technology-related equities enter periods of selling, as we have seen repeatedly since at least last October.”
Given this, we will take a look at some of the best dividend stocks with ultra-high yields.
Photo by Vitaly Taranov on Unsplash
Our Methodology:
For this list, we screened for dividend companies that have consistent dividend histories. From there, we picked stocks with dividend yields above 9%, as of June 21. Companies with high dividend yields often do not have the most stable dividend policies. For this list, we focused on companies that have not only offered attractive yields but have also maintained consistent dividend payments over the years. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment.
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12. Northern Oil and Gas, Inc. (NYSE:NOG)
Dividend Yield as of June 21: 9.26%
On June 15, Raymond James lowered its price recommendation on Northern Oil and Gas, Inc. (NYSE:NOG) to $30 from $35. It reiterated an Outperform rating on the shares. The firm pointed to Northern Oil and Gas’ agreement to acquire a 25% non-operated stake in Parallax Energy’s Duvernay East Shale Basin assets for $259 million. The transaction is expected to add roughly 4 MBoe/d of production in fiscal 2027 and about 75,000 net acres. It also brings assets with operating costs below the company’s average, which should support profitable growth in light-oil production.
During the company’s first-quarter 2026 earnings call, Chief Financial Officer Chad Allen said management had left its 2026 guidance unchanged because commodity prices, industry conditions, and the broader economy remain unpredictable. Allen said the company was currently tracking toward the upper end of the low-activity scenario it outlined last quarter. Even so, he noted that there was still a wide range of possible outcomes for the year, making it too early to provide a more detailed forecast.
He said the company expects to tighten its guidance ranges and offer a clearer outlook by the time it reports second-quarter results. Allen also noted that natural gas realizations in the Permian Basin are likely to remain under pressure for the next several quarters. He explained that infrastructure constraints are expected to continue until new projects begin coming online in the second half of 2026.
Northern Oil and Gas, Inc. (NYSE:NOG) is an independent energy company that operates as a non-operator. The company acquires interests in oil and natural gas properties and focuses on their exploration, development, and production.
11. Autohome Inc. (NYSE:ATHM)
Dividend Yield as of June 21: 10.28%
On May 29, Citi lowered its price recommendation on Autohome Inc. (NYSE:ATHM) to $17 from $18. It reiterated a Neutral rating following the company’s first-quarter results. The firm said pressure from weak new vehicle sales is expected to continue into the second quarter. Still, it noted that the year-over-year decline in original equipment manufacturer advertising could be less severe than it was in the first quarter. Citi also reduced its forward earnings estimates for Autohome, citing ongoing challenges to revenue growth and a weaker-than-expected path for operating profit.
During Autohome’s Q1 2026 earnings call, Chairman and Chief Executive Officer Mr. Chi Liu highlighted the company’s growing user engagement. Citing data from QuestMobile, he said average mobile daily active users reached a record high of more than 80 million in March 2026, up 4.9% from a year earlier.
Liu also discussed the company’s efforts to strengthen its transaction platform. He noted that Autohome had introduced an online car-purchasing feature in two cities through its new retail business. The program is being tested with dealership partners as the company explores new e-commerce models for vehicle purchases. Beyond its domestic market, Autohome continued to expand internationally. Liu said YesAuto, the company’s overseas platform, had officially launched operations in Thailand. He added that Autohome’s global used-car export platform was also up and running and had received positive feedback from the market.
According to Liu, these initiatives represent the beginning of a new growth phase for the company. He said the strategy is built around a dual-circulation model that connects opportunities in both domestic and international markets.
Autohome Inc. (NYSE:ATHM) is a holding company that primarily operates an online platform serving automobile consumers. The company provides a range of services that help users research, buy, sell, and own vehicles.