The best dividend paying stocks can vary from time to time depending on the market conditions and the financial performance of companies. However, here are some examples of companies that have shown a good dividend yield in the past year and have a long history of paying them. All of those stocks are also available on Fundvest app.
The list has been compiled based on the highest dividend yields as of May 6, 2023 from the S&P 500 dividend aristocrats list. To be included in that list, companies must have been increasing their dividend payments for the past 25 years at least, be in the S&P 500 index, and show a float- adjusted market cap of at least USD 3 billion and an average trading value of USD 5 million 3 months prior.
- Exxon Mobil (XOM) –: The oil giant has a long history of paying high dividends, with a current dividend yield of around 5%. In 2022 they paid total of 3.55$ per one share. It has increased its dividends for the past 40 years.
- Walgreens Boots Alliance Inc. (WBA) – With a current dividend yield around 5%, the pharmaceutical company has 47 consecutive years of dividend increases and paid a total dividend of 1.92$ per one share in 2022.
- Franklin Resources Inc. (BEN) – The asset management firm currently has a dividend yield of around 4% and its shareholders have enjoyed 41 years of dividend increases. The total dividend per share for the company in 2022 was 1.17$.
- Chevron Corp. (CVX) – The dividend yield for another oil giant in the list is around 4% right now, whilst the investors received a total of 5.68$ per share dividends from holding this stock in 2022. The company has also increased its dividends for the past 35 years.
- Leggett & Platt Inc. (LEG) – The American manufacturing company has paid out a total of 1.74$ per share in dividends during the year 2022 and has a current dividend yield of nearly 4%. The company has a remarkable track history number of 50 years of increased dividends to show.
- Cardinal Health Inc. (CAH) – The healthcare company has a dividend yield of about 4% at the time of writing, boasts 36 consecutive years of dividend increases and paid out a total of 1.99$ per share in dividends last year.
- AbbVie Inc. (ABBV) – The drug manufacturer shows a dividend yield of about 4% at the time of writing and has increased its dividends consecutively for the past 51 years. The total dividend pay-out per share in 2022 for the firm was 5.64$
- General Dynamics Corp. (GD) – The industrial company that paid 4.97$ in dividends per share last year, currently shows a dividend yield of about 3%. The consecutive years of dividends increases is 25.
- Cincinnati Financial Corp. (CINF) – The insurance and asset management corporation has demonstrated 61 consecutive years of dividends increases. It also has a decent dividend yield of about 3% at the moment and paid 2.76$ in dividends per share in 2022.
- Emerson Electric Co. (EMR) – This machinery company has a dividend yield of about 3% while showing the most remarkable number of consecutive years of dividend increases: 66. The dividend paid out per one share in 2022 was 2.08$.
It’s important to note that while high dividend yields can be attractive to investors seeking income, it’s also important to consider other factors such as the company’s financial health, growth prospects, and overall market conditions before making investment decisions. Also worth mentioning is the fact, that dividend yields themselves can be highly effected by the current share price and can therefore change a lot in a short period of time.
Please note that this article is in no way intended to be investment advice, but merely a presentation of facts. All Fundvest clients are encouraged to do their own research and make sure of their risk tolerance and financial capacity before making investment decisions.
Fundvest does not take responsibility, for the information presented in this article becoming outdated and therefore wrong.
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