Top Dividend Stocks for June 2023
This month's top dividend stocks include oil exploration company Berry Corp. (BRY), shipping companies Genco Shipping and Trading Ltd. (GNK), Eagle Bulk Shipping Inc. (EGLE), SFL Corp. Ltd. (SFL), and large-scale egg distributor Cal-Maine Foods Inc. (CALM). One useful measure to gauge the sustainability of a company's dividend payments is the dividend payout ratio (DPR), which measures total dividends divided by net income. It tells investors how much of the company's net income is being paid to shareholders in the form of dividends compared with how much the company is retaining to invest in further growth.