In this article, we discuss 5 safe dividend stocks with over 4% yield. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 10 Safe Dividend Stocks with Over 4% Yield.
5. Universal Health Realty Income Trust (NYSE:UHT)
Dividend Yield as of August 16: 5.04%
Universal Health Realty Income Trust (NYSE:UHT) reported revenue of $22.1 million in Q2 2022, presenting a 6.2% year-over-year growth. The company reported enough cash at the end of the quarter to fulfill its shareholder obligation. It had $132.6 million available in cash and cash equivalents, up from $115.3 million at the end of December. Moreover, its total assets amounted to over $2.4 billion.
Universal Health Realty Income Trust (NYSE:UHT) holds the second-longest dividend growth streak in the REIT sector, raising 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 5.04%, as of August 16.
At the end of Q1 2022, 5 hedge funds tracked by Insider Monkey held investments in Universal Health Realty Income Trust (NYSE:UHT), worth nearly $20 million. In the previous quarter, 7 hedge funds owned stakes in the company with a total value of over $22 million. Renaissance Technologies was the company’s leading stakeholder at the end of March 2022.
4. Main Street Capital Corporation (NYSE:MAIN)
Dividend Yield as of August 16: 5.89%
Main Street Capital Corporation (NYSE:MAIN) is a Texas-based principal investment firm. The company is mainly famous among investors because of its monthly dividend policy. Moreover, it has never slashed its regular monthly dividend ever since it announced its first payout in 2007. The company managed to pay dividends consistently during recessionary periods as well.
On August 2, Main Street Capital Corporation (NYSE:MAIN) announced a 2.31% hike in its monthly dividend to $0.22 per share. In addition to this, the company also declared a special dividend of $0.10 per share. The company has paid supplemental dividends for three years in a row. As of August 16, the stock’s dividend yield came in at 5.89%.
At the end of Q1 2022, 9 hedge funds tracked by Insider Monkey owned stakes in Main Street Capital Corporation (NYSE:MAIN), the same as in the previous quarter. These stakes are collectively valued at over $48.4 million. Israel Englander and Ken Griffin were amongst the company’s prominent stakeholders in Q1.
3. Universal Corporation (NYSE:UVV)
Dividend Yield as of August 16: 5.95%
Universal Corporation (NYSE:UVV) is a Virginia-based manufacturing company, specializing in the production of tobacco and its related products. The company has been raising its dividend consistently for the past 52 years. Currently, it pays $0.79 per share in quarterly dividend with a yield of 5.95%, as recorded on August 16.
Universal Corporation (NYSE:UVV) recently announced its fiscal Q1 2023 earnings, reporting revenue of roughly $430 million, up 22.8% from the same period last year. The company had over $86.5 million available in cash and cash equivalents at the end of Q1, compared with $81.6 million in the preceding quarter. It also remained committed to its shareholder return, paying $19 million in dividends on its common stock.
As per Insider Monkey’s Q1 2022 database, 10 hedge funds owned stakes in Universal Corporation (NYSE:UVV), up from 7 a quarter earlier. The stakes owned by these hedge funds have a value of $85.6 million. With stakes worth over $51.6 million, Pzena Investment Management was the company’s leading stakeholder in Q1.
2. Medical Properties Trust, Inc. (NYSE:MPW)
Dividend Yield as of August 16: 6.95%
Medical Properties Trust, Inc. (NYSE:MPW) is an Alabama-based real estate investment trust that mainly invests in healthcare facilities. As the outlook for hospitals has gotten more challenging with the ongoing hike in prices, Barclays lowered its price target on the stock to $23 but maintained an Overweight rating on the shares.
In Q2 2022, Medical Properties Trust, Inc. (NYSE:MPW) posted an FFO of $0.46, which beat analysts’ estimates by $0.01. The company’s revenue for the quarter presented a 4.8% year-over-year growth at $400.2 million. Moreover, its free cash flow generation also remained stable, amounting to over $164.6 million in Q2.
Medical Properties Trust, Inc. (NYSE:MPW) offers a quarterly dividend of $0.29 per share, raising it by 4% in February. The company maintains an 11-year track record of consistent dividend growth. The stock had a dividend yield of 6.95%, as recorded on August 16.
With stakes worth over $253 million, 16 hedge funds tracked by Insider Monkey held positions in Medical Properties Trust, Inc. (NYSE:MPW) in Q1 2022. In the previous quarter, 20 hedge funds owned stakes in the company, worth $317.2 million.
1. Enterprise Products Partners L.P. (NYSE:EPD)
Dividend Yield as of August 16: 7.00%
Enterprise Products Partners L.P. (NYSE:EPD) is an American midstream natural gas and crude oil pipeline company that also specializes in refined products and petrochemicals. On July 7, the company hiked its quarterly dividend by 2.2% to $0.475 per share. This was the company’s 23rd consecutive year of dividend growth. As of August 16, the stock’s dividend yield came in at 7.00%.
In Q2 2022, Enterprise Products Partners L.P. (NYSE:EPD) reported an operating cash flow of over $2 billion, and its free cash flow came in at $1.7 billion. The company’s revenue for the quarter presented a 70% year-over-year growth at $16.06 billion. Its distributable cash flow also grew 30% to $2 billion in Q2.
At the end of Q1 2022, 19 hedge funds in Insider Monkey’s database owned stakes in Enterprise Products Partners L.P. (NYSE:EPD), down from 21 in the previous quarter. The combined value of these stakes is over $177.5 million. First Eagle Investment Management was the company’s leading shareholder in Q1, owning over 3.2 million shares.
ClearBridge Investments mentioned Enterprise Products Partners L.P. (NYSE:EPD) in its Q1 2022 investor letter. Here is what the firm has to say:
“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names (including) Enterprise Products Partners LP. We are positive on this company’s strong balance sheets, competitive positions and exposure to an economic recovery.”
You can also take a look at 10 Blue Chip Dividend Stocks with Over 5% Yield and 10 Monthly Dividend Stocks with Over 5% Yield
