13 Highest Yielding Dividend Stocks in the Dow

10. The Procter & Gamble Company (NYSE:PG)

Dividend Yield as of January 16: 2.52%

The Procter & Gamble Company (NYSE:PG) ranks tenth on our list of the best highest yielding dividend stocks in the Dow. On January 14, the multinational consumer goods company declared a quarterly dividend of $1.0065 per share, which was in line with its previous dividend. Overall, the company holds one of the longest history of increasing its dividends, spanning over 68 years. The stock offers a dividend yield of 2.52%, as of January 16.

The Procter & Gamble Company (NYSE:PG) is grabbing investors’ attention because of its strong operational performance. In the past 12 months, the stock has surged by over 7%. Despite inflationary pressures, the company has consistently delivered strong performance by effectively implementing significant price increases, achieving organic sales growth in every quarter of fiscal 2023.

In fiscal Q1 2025, The Procter & Gamble Company (NYSE:PG) reported revenue of $21.7 billion, a 1% decrease compared to the same period last year. The company generated $4.3 billion in operating cash flow, with an adjusted free cash flow productivity of 82%, meeting expectations. P&G also continued to return value to shareholders, distributing $4.4 billion through dividends and share buybacks.

In addition to strong performance in its recent quarter, The Procter & Gamble Company (NYSE:PG) also provided an upbeat outlook for fiscal 2025, anticipating sales growth between 2% and 4%, along with a 10% to 12% increase in diluted net EPS, compared to $6.02 in fiscal 2024. Should the company reach the midpoint of its forecast, it would set a new record with a diluted EPS of $6.68 for fiscal 2025.

The Procter & Gamble Company (NYSE:PG) was included in 68 hedge fund portfolios at the end of Q3 2024, up from 64 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds are worth more than $8.8 billion in total. Ken Fisher’s Fisher Asset Management was the company’s leading stakeholder in Q3.