5 Highest Dividend-Paying Stocks in the S&P 500

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1. Altria Group, Inc. (NYSE:MO)

Dividend Yield as of March 12: 9.18%

Altria Group, Inc. (NYSE:MO) tops our list of the best dividend stocks with high yields. The multinational tobacco company has raised its dividends for 54 years in a row and offers a quarterly dividend of $0.98 per share. The stock’s dividend yield on March 12 came in at 9.18%.

At the end of the fourth quarter of 2023, 42 hedge funds in Insider Monkey’s database held stakes in Altria Group, Inc. (NYSE:MO), up from 40 in the previous quarter. These stakes are worth over $1.08 billion.

Follow Altria Group Inc. (NYSE:MO)

You can also take a look at 13 Best Stocks To Buy and Hold Forever and Citrone’s Top 15 Stock Picks

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