Dividend Contenders Stocks are U.S companies that have paid and raised their dividends each year for at least 10 years. Once a Dividend Contender Stocks exceeds 25 years of consecutive dividend increases, it becomes ‘Dividend Aristocrats’. High Dividend Stocks are very popular with investors. they are perceived as the best tools to build a passive income from dividends and benefit from the potential growth of these bluechip stocks.
There is no doubt, that lists such as ‘Dividend kings‘, ‘Dividend Aristocrats‘ and ‘Dividend Contenders’ are an excellent starting point to our research. The purpose is focusing on high-quality companies with a track record of paying and increasing dividends every year.
There are 335 companies on the Dividend Contenders list. In this post, we chose to focus on high dividend stocks that have a least a 4% yield. The data is organized by sector to allow you to take into consideration diversification when choosing your stocks.
US Stocks that pay monthly dividends (Full list by sector)
Best dividend stocks to buy – Dividend aristocrats 2022
Full list of ‘Dividend Kings’ stocks by sector – 2022
Methodology
Below are the criteria used to construct the list list:
- offer a minimum dividend yield of 4%;
- Minimum of 10 consecutive years of dividend increases.
Pertinent ratios provided:
5 years Dividend Growth
Dividend growth is a feature highly sought after by investors. It is a sign of the good financial health of a company and of its capacity to grow its performance in a sustained manner. It’s also a great way to reduce the effect of inflation on your investment portfolio.
Payout ratio
The dividend payout ratio is the amount of dividend distributed by a company divided by the total earnings. For example, a company makes a profit of $ 100 and pays $ 40 in dividends. Its payout ratio is 40%. If the ratio is high, the company pays almost all of its profits in dividends. There will be little money left in the coffers to innovate or expand to new markets.
It is preferable to invest in a company where the dividend payout ratio is low or medium. The reasoning is that these companies will have money set aside to invest in new projects and thus create growth.
Beta
Beta is a historical measure of volatility which indicates the relationship between fluctuations in the value of the security and fluctuations in the market. If company ABC has a beta of 0.7 and its index (NYSE) drops by 10% on a trading day, then the stock will only fall by 7%. On the other hand, if the company has a beta of 1.5, then it is more sensitive to market fluctuations and if the market loses 10%, it will lose 15%.
Basic Materials
Number of consecutive years of dividend increases, Yield and Growth
| Ticker | Name | Track** Record | Div Yield | 5-Yrs Div Growth* |
| NP | Neenah Inc | 11 | 4,78% | 5,12% |
| LYB | LyondellBasell Industries NV | 11 | 4,24% | 4,66% |
| ODC | Oil-Dri Corp. Of America | 19 | 4,05% | 4,18% |
| Ticker | Market Cap ($M) | Payout Ratio | Beta |
| NP | 654 | N/A | 0,79 |
| LYB | 34,943 | 26,6% | 0,77 |
| ODC | 138 | 146,8% | 0,40 |
Communication Services
Number of consecutive years of dividend increases, Yield and Growth
| Ticker | Name | Track** Record | Div Yield | 5-Yrs Div Growth* |
| CCOI | Cogent Communications | 10 | 4,99% | 14,21% |
| VZ | Verizon Communications | 17 | 4,93% | 2,08% |
| AQN | Algonquin Power & Utilities | 13 | 4,45% | 1,38% |
| PNW | Pinnacle West Capital | 10 | 4,42% | 5,35% |
| Ticker | Market Cap ($M) | Payout Ratio | Beta |
| CCOI | 3,087 | 311,9% | 0,74 |
| VZ | 217,909 | 58,8% | 0,24 |
| AQN | 10,287 | N/A | 0,40 |
| PNW | 8,736 | 60,3% | 0,25 |
Consumer Cyclical
Number of consecutive years of dividend increases, Yield and Growth
| Ticker | Name | Track** Record | Div Yield | 5-Yrs Div Growth* |
| CULP | Culp | 11 | 5,79% | |
| WHR | Whirlpool | 11 | 4,03% | 9,73% |
| Ticker | Market Cap ($M) | Payout Ratio | Beta |
| CULP | 93 | 126,5% | 0,35 |
| WHR | 10,187 | 20,8% | 1,13 |
Canadian Dividend Stocks under 10$
Consumer Defensive
Number of consecutive years of dividend increases, Yield and Growth
| Ticker | Name | Price | Div Yield | 5-Yrs Div Growth |
| MO | Altria Group | 13 | 6,48% | 8,09% |
| PM | Philip Morris International | 14 | 4,87% | 3,75% |
| Ticker | Market Cap ($M) | Payout Ratio | Beta |
| MO | 100,659 | 258,8% | 0,24 |
| PM | 159,177 | 83,3% | 0,36 |
Energy
Number of consecutive years of dividend increases, Yield and Growth
| Ticker | Name | Track** record | Div Yield | 5-Yrs Div Growth |
| MMP | Magellan Midstream Partners L.P. | 21 | 8,12% | 3,52% |
| SGU | Star Group L.P. | 10 | 6,42% | 6,75% |
| PSX | Phillips 66 | 10 | 4,40% | 5,62% |
| Ticker | Market Cap ($M) | Payout Ratio | Beta |
| MMP | 10859 | 89,6% | 0,48 |
| SGU | 412 | N/A | 0,41 |
| PSX | 40228 | 120,5% | 0,63 |
Financial Services
Number of consecutive years of dividend increases, Yield and Growth
| Ticker | Name | Track** record | Div Yield | 5-Yrs Div Growth |
| MAIN | Main Street Capital | 12 | 6,12% | 0,96% |
| NWBI | Northwest Bancshares | 12 | 6,03% | 4,56% |
| HBAN | Huntington Bancshares | 11 | 4,51% | 14,14% |
| WASH | Washington Trust Bancorp | 11 | 4,35% | 7,28% |
| FNF | Fidelity National Financial | 10 | 4,31% | 11,97% |
| PRU | Prudential Financial | 13 | 4,14% | 9,86% |
| Ticker | Market Cap ($M) | Payout Ratio | Beta |
| MAIN | 3,024 | 50,9% | 0,76 |
| NWBI | 1,679 | 64,7% | 0,50 |
| HBAN | 19,880 | 67,1% | 1,16 |
| WASH | 861 | 47,6% | 0,65 |
| FNF | 11,578 | 19,2% | 0,98 |
| UNB | 140 | N/A | |
| PRU | 43,552 | 23,5% | 1,00 |
Healthcare
Number of consecutive years of dividend increases, Yield and Growth
| Ticker | Name | Track** record | Div Yield | 5-Yrs Div Growth |
| PETS | Petmed Express | 13 | 4,97% | 8,45% |
| HCSG | Healthcare Services Gr | 19 | 4,30% | 2,41% |
| Ticker | Market Cap ($M) | Payout Ratio | Beta |
| PETS | 506 | 109,3% | 0,51 |
| HCSG | 1,417 | 134,5% | 0,62 |
Industrials
Number of consecutive years of dividend increases, Yield and Growth
| Ticker | Name | Track** Record | Div Yield | 5-Yrs Div Growth |
| HY | Hyster-Yale Materials Handling | 10 | 4,00% | 1,29% |
| Ticker | Market Cap ($M) | Payout Ratio | Beta |
| HY | 417,7462 | N/A | 1,21 |
Real Estate
Number of consecutive years of dividend increases, Yield and Growth
| Ticker | Name | Track** Record | Div Yield | 5-Yrs Div Growth* |
| ABR | Arbor Realty Trust | 10 | 8,59% | 15,50% |
| GTY | Getty Realty | 10 | 5,53% | 7,93% |
| HTA | Healthcare Trust of America | 10 | 4,17% | 1,61% |
| Ticker | Market Cap ($M) | Payout Ratio | Beta |
| ABR | 2,758 | 68,0% | 0,78 |
| GTY | 1,325 | 114,4% | 0,63 |
| HTA | 7,191 | 291,7% | 0,50 |
Utilities
Number of consecutive years of dividend increases, Yield and Growth
| Ticker | Name | Track** record | Div Yield | 5-Yrs Div Growth* |
| AQN | Algonquin Power & Utilities | 13 | 4,45% | 1,38% |
| PNW | Pinnacle West Capital | 10 | 4,42% | 5,35% |
| ALE | Allete | 13 | 4,11% | 3,97% |
| NWE | Northwestern | 17 | 3,98% | 3,71% |
| Ticker | Market Cap ($M) | Payout Ratio | Beta |
| AQN | 10,287 | N/A | 0,40 |
| PNW | 8,736 | 60,3% | 0,25 |
| ALE | 3,373 | 77,7% | 0,48 |
| NWE | 3,332 | 68,1% | 0,31 |
Source: Suredividend and Dividend.com