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3 Stocks Granting Superb Forward Dividend Yields

- By Alberto Abaterusso

Three securities are topping the S&P 500 index in terms of dividend yield. The dividend yield for the benchmark of the U.S. stock market was 1.94% as of Friday.

In addition, the following companies enjoy robust balance sheets and run profitable businesses that will likely stay so.

Shares of UPM-Kymmene Oyj ( OTCPK:UPMKY ) were trading around $25.84 on Friday. For the 52 weeks through May 24, the stock fell 28%, sending the forward dividend yield up to 5.73% versus the industry median of 2.45%.