In this article, we discuss 5 best high-dividend stocks under $100. If you want to read our detailed discussion of dividend stocks and their returns, go directly to read 11 Best High-Dividend Stocks Under $100.
5. Universal Health Realty Income Trust (NYSE:UHT)
Share Price as of October 18: $44.89
Dividend Yield as of October 18: 6.33%
Universal Health Realty Income Trust (NYSE:UHT) is an American real estate investment trust company that owns properties related to healthcare and human services. The company is one of the best dividend stocks on our list as it holds the second-longest dividend growth streak in the REIT sector, having raised its dividends consistently for the past 37 years. The company pays a dividend of $0.71 per share every quarter, with a dividend yield of 6.33%, as recorded on October 18.
In the first half of 2022, Universal Health Realty Income Trust (NYSE:UHT) reported net cash from operating activities of $478 million, up from $119 million at the end of December 2021. The company had cash and cash equivalents of $132.6 million at the end of Q2, up from $115.3 million recorded six months ago. It also reported over $2.4 billion in total assets.
Universal Health Realty Income Trust (NYSE:UHT) was a part of 5 hedge fund public portfolios in Q2 2022, the same as in the previous quarter, as per Insider Monkey’s data. The stakes owned by these hedge funds have a total value of over $16.8 million. Renaissance Technologies was the company’s leading stakeholder in Q2.
4. Universal Corporation (NYSE:UVV)
Share Price as of October 18: $47.07
Dividend Yield as of October 18: 6.71%
Universal Corporation (NYSE:UVV) is one of the world’s leading tobacco manufacturing companies. In addition to this, the company also stores and ships leaf tobacco to different manufacturers around the world. In its fiscal Q1 2023 results, the company reported revenue of $430 million, which saw a 22.8% growth from the same period last year. It also exhibited a strong cash position and paid $19 million in dividends during the quarter.
Universal Corporation (NYSE:UVV) has a 52-year run of raising its dividends consistently, which places it as one of the best dividend stocks on our list. It pays a quarterly dividend of $0.79 per share for a dividend yield of 6.71%, as of October 18.
The number of hedge funds tracked by Insider Monkey owning stakes in Universal Corporation (NYSE:UVV) stood at 10 in Q2 2022, the same as in the preceding quarter. These stakes have a total value of over $83.8 million, compared with $85.6 million worth of stakes owned by hedge funds in the previous quarter.
3. State Street Corporation (NYSE:STT)
Share Price as of October 18: $63.14
Dividend Yield as of October 18: 4.01%
State Street Corporation (NYSE:STT) is a Boston-based financial service and bank holding company. Deutsche Bank mentioned the company in its October investor note, stating that the stock is a good long-term entry for income investors but the firm also remained cautious about the company’s slow revenue. The firm maintained a Hold rating and a $66 price target on the stock.
State Street Corporation (NYSE:STT) has been making dividend payments for the past 24 years while maintaining a 12-year streak of dividend growth. This places it as one of the best dividend stocks on our list. It currently pays a quarterly dividend of $0.63 per share with a dividend yield of 4.01%, as of October 18.
In Q3 2022, State Street Corporation (NYSE:STT) reported revenue of roughly $3 billion. The company’s solid cash position allowed it to return $232 million to shareholders in dividends. Moreover, it intends to purchase nearly $1 billion worth of its common stock in the next quarter.
The number of hedge funds tracked by Insider Monkey owning stakes in State Street Corporation (NYSE:STT) grew to 41 in Q2 2022, from 29 in the previous quarter. The collective value of these stakes is over $667.6 million. With over 6 million shares, Harris Associates was the largest stakeholder of the Boston-based company in Q2.
2. W. P. Carey Inc. (NYSE:WPC)
Share Price as of October 18: $71.49
Dividend Yield as of October 18: 5.94%
W. P. Carey Inc. (NYSE:WPC) is a New York-based real estate investment trust that invests in properties leased to single tenants and also specializes in sale-leasebacks. The company’s revenue in Q2 jumped by 9.4% year-over-year to $344.4 million. It remained committed to shareholder value, returning over $207.5 million in dividends in the first half of the year.
On September 28, W. P. Carey Inc. (NYSE:WPC) declared a 0.2% increase in its quarterly dividend to $1.061 per share. This was the company’s third dividend hike this year. Moreover, it also maintains a 26-year track record of consistent dividend growth, coming through as one of the best dividend stocks. As of October 18, the stock’s dividend yield came in at 5.94%.
In October, Raymond James maintained an Outperform rating on W. P. Carey Inc. (NYSE:WPC) with an $80 price target. The firm mentioned that the company is well-positioned relative to its peers in this current environment given its renting business.
At the end of Q2 2022, 17 hedge funds tracked by Insider Monkey owned stakes in W. P. Carey Inc. (NYSE:WPC), down from 22 a quarter earlier. These stakes hold a collective value of over $70.5 million, compared with $128.3 million worth of stakes owned by hedge funds in the previous quarter.
1. Philip Morris International Inc. (NYSE:PM)
Share Price as of October 18: $86.37
Dividend Yield as of October 18: 5.88%
An American multinational tobacco company, Philip Morris International Inc. (NYSE:PM) has been raising its dividends consistently since its IPO in 2008, accomplishing as one of the best dividend stocks on our list. It currently pays a quarterly dividend of $1.27 per share for a dividend yield of 5.88%, as recorded on October 18.
In Q2 2022, Philip Morris International Inc. (NYSE:PM)’s free cash flow also remained strong at $3.2 billion, growing from $889 million in the preceding quarter. Its dividends are safe with a payout ratio of 85.7% and its five-year average dividend payout ratio stands at 94%. The company generated $3.5 billion in operating cash flow, up from $1.1 billion in the previous quarter.
In October, Stifel reiterated its Buy rating on Philip Morris International Inc. (NYSE:PM) with a $105 price target. The firm expects the company to show stronger earnings growth as supply chain costs ease and investments in low-risk products increase.
At the end of Q2 2022, 56 hedge funds tracked by Insider Monkey owned stakes in Philip Morris International Inc. (NYSE:PM), compared with 55 in the previous quarter. These stakes hold a combined value of $6.8 billion. Fundsmith LLP was one of the company’s most prominent shareholders in Q2.
Artisan Partners mentioned Philip Morris International Inc. (NYSE:PM) in its Q2 2022 investor letter. Here is what the firm has to say:
“On the positive side of the ledger, our top contributor was Swedish Match, a Swedish tobacco and nicotine products maker. The company received an all-cash takeover offer from rival Philip Morris International Inc. (NYSE:PM), which we also held in the portfolio, for SEK 106 per share—a 35% premium to Swedish Match’s prior closing share price. The deal is a good fit for PM as it reduces PM’s dependence on cigarettes—a category in steady decline—and accelerates the company’s transition to smokeless “reduced-risk” products (RRPs)—a category that has experienced rapid growth over the past five years. PM can also leverage its global scale to generate significant revenue synergies from these complementary product sets, as well as quickly gain access to the US market—the world’s largest market for RRPs and one where regulators have embraced RRPs and other less harmful nicotine products. We exited our position in Swedish Match as shares approached the takeout price.”
You can also take a look at 10 Dividend Stocks That Are Too Cheap To Ignore and 10 Monthly Dividend Stocks with Over 4% Yield
