14 S&P 500 Stocks Surge Over 10% in 2024 with Attractive Dividends

Fourteen S&P 500 stocks, including big names like Citigroup, ExxonMobil, and Diamondback Energy, have delivered impressive returns of over 10% in 2024 while also offering enticing dividend yields above 3%. These top-performing stocks span various sectors such as energy, financials, consumer staples, and more.

The list of 14 stocks, ranked by their 2024 returns, features Coterra Energy (+10.2%), Bank of New York Mellon (+10.3%), Williams Cos (+11.3%), IBM (+11.4%), EOG Resources (+11.5%), Kimberly-Clark (+11.9%), Tyson Foods (+13.4%), Hasbro (+13.8%), Oneok (+14.4%), Paccar (+16.1%), ExxonMobil (+21.1%), Citigroup (+21.8%), Pioneer Natural Resources (+23.1%), and Diamondback Energy (+33.3%). The dividend yields for these stocks range from a solid 3.02% to an attractive 4.97%. "These stocks have performed well despite the uncertain path toward lower interest rates and a multitude of earnings reports from some of the biggest names in the stock market," according to the summaries.

While some companies like Tesla, Hasbro, and Wabtec reported better-than-expected earnings, others such as Old Dominion Freight Line, Teledyne Technologies, and Enphase Energy missed estimates. The solar industry, in particular, has faced challenges due to high interest rates, which increase the cost of financing installations and other projects. Enphase Energy has reduced shipments to manage channel inventory in response to these gains and losses.

ExxonMobil stands out as a value stock with strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores. As a bellwether in the energy space, ExxonMobil's integrated capital structure, management's track record of capital expenditure discipline, and its upstream portfolio make it an attractive option for value investors. The company's aggressive capital spending discipline, with a significant portion of its budget allocated to key oil and gas projects like offshore Guyana resources and the Permian shale play, sets it apart from peers.

Why this matters: The strong performance of these 14 S&P 500 stocks amid market uncertainty and mixed earnings reports highlights the potential for attractive returns and income in various sectors. Investors seeking value and dividend yields may find opportunities in these stocks, particularly in the energy sector with companies like ExxonMobil and Diamondback Energy demonstrating resilience and growth potential.

Key Takeaways

• 14 S&P 500 stocks delivered >10% returns in 2024 with >3% dividend yields
• Sectors include energy, financials, consumer staples; led by Diamondback Energy (+33.3%)
• ExxonMobil stands out as a value stock with strong metrics and capital discipline
• Diamondback Energy in a short-term uptrend, analysts expect 37.39% rise in 3 months
• S&P 500 index lost 15.87 points, or 0.4%, as of 12:01 pm on April 25, 2024