High Dividend Stocks

Best Dividend Contenders by sector (High Dividend Yields)

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

TickerNameTrack**
Record
Div
Yield
5-Yrs Div
Growth*
NPNeenah Inc114,78%5,12%
LYBLyondellBasell Industries NV114,24%4,66%
ODCOil-Dri Corp. Of America194,05%4,18%
As of April 22nd 2022, *the 5 year Dividend Growth is annualized; **number of consecutive years that a company has increased its recurring dividend payment

TickerMarket
Cap ($M)
Payout
Ratio
Beta
NP654N/A0,79
LYB34,94326,6%0,77
ODC138146,8%0,40

Communication Services

Number of consecutive years of dividend increases, Yield and Growth

TickerNameTrack**
Record
Div Yield5-Yrs Div
Growth*
CCOICogent Communications104,99%14,21%
VZVerizon Communications174,93%2,08%
AQNAlgonquin Power & Utilities134,45%1,38%
PNWPinnacle West Capital104,42%5,35%
As of April 22nd 2022, *the 5 year Dividend Growth is annualized; **number of consecutive years that a company has increased its recurring dividend payment

TickerMarket
Cap ($M)
Payout
Ratio
Beta
CCOI3,087311,9%0,74
VZ217,90958,8%0,24
AQN10,287N/A0,40
PNW8,73660,3%0,25
High Dividend Stocks (Dividend Contenders)

Consumer Cyclical

Number of consecutive years of dividend increases, Yield and Growth

TickerNameTrack**
Record
Div
Yield
5-Yrs Div
Growth*
CULPCulp115,79%
WHRWhirlpool114,03%9,73%
As of April 22nd 2022, *the 5 year Dividend Growth is annualized; **number of consecutive years that a company has increased its recurring dividend payment

TickerMarket
Cap ($M)
Payout
Ratio
Beta
CULP93126,5%0,35
WHR10,18720,8%1,13
High Dividend Stocks (Dividend Contenders)

Canadian Dividend Stocks under 10$

Consumer Defensive

Number of consecutive years of dividend increases, Yield and Growth

TickerNamePriceDiv
Yield
5-Yrs Div
Growth
MOAltria Group136,48%8,09%
PMPhilip Morris International144,87%3,75%
As of April 22nd 2022, *the 5 year Dividend Growth is annualized; **number of consecutive years that a company has increased its recurring dividend payment

TickerMarket
Cap ($M)
Payout
Ratio
Beta
MO100,659258,8%0,24
PM159,17783,3%0,36
High Dividend Stocks (Dividend Contenders)

Energy

Number of consecutive years of dividend increases, Yield and Growth

TickerNameTrack**
record
Div
Yield
5-Yrs Div
Growth
MMPMagellan Midstream Partners L.P.218,12%3,52%
SGUStar Group L.P.106,42%6,75%
PSXPhillips 66104,40%5,62%
As of April 22nd 2022, *the 5 year Dividend Growth is annualized; **number of consecutive years that a company has increased its recurring dividend payment

TickerMarket
Cap ($M)
Payout
Ratio
Beta
MMP1085989,6%0,48
SGU412N/A0,41
PSX40228120,5%0,63

Financial Services

Number of consecutive years of dividend increases, Yield and Growth

TickerNameTrack**
record
Div
Yield
5-Yrs Div
Growth
MAINMain Street Capital126,12%0,96%
NWBINorthwest Bancshares126,03%4,56%
HBANHuntington Bancshares114,51%14,14%
WASHWashington Trust Bancorp114,35%7,28%
FNFFidelity National Financial104,31%11,97%
PRUPrudential Financial134,14%9,86%
As of April 22nd 2022, *the 5 year Dividend Growth is annualized; **number of consecutive years that a company has increased its recurring dividend payment

TickerMarket
Cap ($M)
Payout
Ratio
Beta
MAIN3,02450,9%0,76
NWBI1,67964,7%0,50
HBAN19,88067,1%1,16
WASH86147,6%0,65
FNF11,57819,2%0,98
UNB140N/A
PRU43,55223,5%1,00

Healthcare

Number of consecutive years of dividend increases, Yield and Growth

TickerNameTrack**
record
Div
Yield
5-Yrs Div
Growth
PETSPetmed Express134,97%8,45%
HCSGHealthcare Services Gr194,30%2,41%
As of April 22nd 2022, *the 5 year Dividend Growth is annualized; **number of consecutive years that a company has increased its recurring dividend payment

TickerMarket
Cap ($M)
Payout
Ratio
Beta
PETS506109,3%0,51
HCSG1,417134,5%0,62

Industrials

Number of consecutive years of dividend increases, Yield and Growth

TickerNameTrack**
Record
Div
Yield
5-Yrs Div
Growth
HYHyster-Yale Materials Handling104,00%1,29%
As of April 22nd 2022, *the 5 year Dividend Growth is annualized; **number of consecutive years that a company has increased its recurring dividend payment

TickerMarket
Cap ($M)
Payout
Ratio
Beta
HY417,7462N/A1,21

Real Estate

Number of consecutive years of dividend increases, Yield and Growth

TickerNameTrack**
Record
Div
Yield
5-Yrs Div
Growth*
ABRArbor Realty Trust108,59%15,50%
GTYGetty Realty105,53%7,93%
HTAHealthcare Trust of America104,17%1,61%
As of April 22nd 2022, *the 5 year Dividend Growth is annualized; **number of consecutive years that a company has increased its recurring dividend payment

TickerMarket
Cap ($M)
Payout
Ratio
Beta
ABR2,75868,0%0,78
GTY1,325114,4%0,63
HTA7,191291,7%0,50

Utilities

Number of consecutive years of dividend increases, Yield and Growth

TickerNameTrack**
record
Div
Yield
5-Yrs Div
Growth*
AQNAlgonquin Power & Utilities134,45%1,38%
PNWPinnacle West Capital104,42%5,35%
ALEAllete134,11%3,97%
NWENorthwestern173,98%3,71%
As of April 22nd 2022, *the 5 year Dividend Growth is annualized; **number of consecutive years that a company has increased its recurring dividend payment

TickerMarket
Cap ($M)
Payout
Ratio
Beta
AQN10,287N/A0,40
PNW8,73660,3%0,25
ALE3,37377,7%0,48
NWE3,33268,1%0,31

Source: Suredividend and Dividend.com