Dividend Aristocrats Ranked By Yield: Top 10

In this article, we discuss top 10 dividend aristocrats ranked by yield. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read Dividend Aristocrats Ranked By Yield: Top 25. 

10. International Business Machines Corporation (NYSE:IBM)

Dividend Yield as of September 28: 4.53%

International Business Machines Corporation (NYSE:IBM) is a multinational tech and consulting company that has a diverse portfolio of products and services. On July 26, the company announced a quarterly dividend of $1.66 per share, which was consistent with its previous dividend. The company has grown its dividends for 28 years in a row. Moreover, it also returned $1.5 billion to shareholders through dividends in the most recent quarter, which places it as one of the best dividend aristocrat stocks on our list. The stock has a dividend yield of 4.53%, as of September 28.

The number of hedge funds in Insider Monkey’s database owning stakes in International Business Machines Corporation (NYSE:IBM) grew to 51 in Q2 2023, from 49 in the previous quarter. The collective value of these stakes is nearly $814 million.

9. T. Rowe Price Group, Inc. (NASDAQ:TROW)

Dividend Yield as of September 28: 4.61%

T. Rowe Price Group, Inc. (NASDAQ:TROW) is a multinational investment management firm that provides a range of financial services primarily related to investment and asset management. The company offers a per-share dividend of $1.22 every quarter and has a dividend yield of 4.61%, as recorded on September 28. It has raised its dividends every year for the past 37 years.

At the end of Q2 2023, 24 hedge funds in Insider Monkey’s database owned investments in T. Rowe Price Group, Inc. (NASDAQ:TROW), up from 21 in the previous quarter. The collective value of these stakes is over $309 million. With roughly 1.5 million shares, Citadel Investment Group was the company’s largest stakeholder in Q2.

8. Federal Realty Investment Trust (NYSE:FRT)

Dividend Yield as of September 28: 4.72%

Federal Realty Investment Trust (NYSE:FRT) is an American real estate investment trust company that specializes in the ownership, management, development, and operation of retail and mixed-use properties. On August 9, the company declared a 0.9% hike in its quarterly dividend to $1.09 per share. Through this increase, the company took its dividend growth streak to 56 years. As of September 28, the stock has a dividend yield of 4.72%.

As of the close of Q2 2023, 15 hedge funds tracked by Insider Monkey reported having stakes in Federal Realty Investment Trust (NYSE:FRT), worth roughly $125 million in total.

7. Franklin Resources, Inc. (NYSE:BEN)

Dividend Yield as of September 28: 4.81%

An American investment management company, Franklin Resources, Inc. (NYSE:BEN) is next on our list of the best dividend aristocrat stocks on our list. The company pays a quarterly dividend of $0.30 per share and has raised its dividends consistently for the past 47 years. The stock’s dividend yield on September 28 came in at 4.81%.

At the end of Q2 2023, 19 hedge funds in Insider Monkey’s database owned stakes in Franklin Resources, Inc. (NYSE:BEN), compared with 28 a quarter earlier. The consolidated value of these stakes is roughly $170 million. With nearly 2 million shares, Balyasny Asset Management was the company’s leading stakeholder in Q2.

6. Amcor plc (NYSE:AMCR)

Dividend Yield as of September 28: 5.33%

Amcor plc (NYSE:AMCR) is a global packaging company that specializes in developing, manufacturing, and supplying a wide range of packaging solutions for various industries. The company has raised its dividends for 39 years in a row and currently pays a quarterly dividend of $0.1225 per share. The stock has a dividend yield of 5.33%, as of September 28.

The number of hedge funds in Insider Monkey’s database owning stakes in Amcor plc (NYSE:AMCR) grew to 24 in Q2 2023, from 22 in the previous quarter. The overall value of these stakes is over $237 million.

5. Realty Income Corporation (NYSE:O)

Dividend Yield as of September 28: 6.00%

An American real estate investment trust company, Realty Income Corporation (NYSE:O) is next on our list of the best dividend aristocrat stocks. The company offers monthly dividends to shareholders and has raised its payouts every year for the past 29 years. It currently pays a monthly dividend of $0.256 per share for a dividend yield of 6%, as recorded on September 28.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q2 2023, 24 funds owned investments in Realty Income Corporation (NYSE:O), up from 22 in the previous quarter. The consolidated value of these stakes is over $243.6 million.

4. 3M Company (NYSE:MMM)

Dividend Yield as of September 28: 6.33%

3M Company (NYSE:MMM) is an American multinational diversified conglomerate. The company maintains a 65-year track record of dividend growth, which makes it one of the best dividend aristocrat stocks on our list. It offers a quarterly dividend of $1.50 per share and has a dividend yield of 6.33%, as of September 28.

At the end of June 2023, 49 hedge funds in Insider Monkey’s database reported having stakes in 3M Company (NYSE:MMM), compared with 51 in the previous quarter. Their collective stake value is over $726.7 million.

3. Leggett & Platt, Incorporated (NYSE:LEG)

Dividend Yield as of September 28: 7.4%

Leggett & Platt, Incorporated (NYSE:LEG) is a diversified manufacturing company that produces a wide range of engineered components and products for various industries. The company’s current dividend growth streak stands at 52 years and it pays a quarterly dividend of $0.46 per share. With a dividend yield of 7.4%, LEG is one of the best dividend aristocrat stocks on our list.

Leggett & Platt, Incorporated (NYSE:LEG) was a popular stock among elite funds in Q2 2023, as hedge fund positions in the company jumped from 11 in the previous quarter to 18 in Q2 2023. The collective value of stakes owned by these hedge funds is over $68.4 million.

2. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Dividend Yield as of September 28: 9.19%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is a global healthcare company that operates a vast network of retail pharmacies, health and wellness stores, and various healthcare-related businesses. The company offers a quarterly dividend of $0.48 per share and has a dividend yield of 9.19%, as recorded on September 28. The company has raised its dividends every year over the course of 47 years.

At the end of Q2 2023, 34 hedge funds owned stakes in Walgreens Boots Alliance, Inc. (NASDAQ:WBA), according to Insider Monkey’s database. The total value of these stakes is over $440.8 million.

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

Dividend Yield as of September 28: 9.31%

Altria Group, Inc. (NYSE:MO) tops our list of the best dividend aristocrat stocks with a dividend yield of 9.31%, as of September 28. The American tobacco company has raised its dividends consecutively for the past 54 years and pays a quarterly dividend of $0.98 per share.

As of the end of the June quarter of 2023, 43 hedge funds tracked by Insider Monkey reported having stakes in Altria Group, Inc. (NYSE:MO), compared with 49 in the previous quarter. The collective value of these stakes is over $446.2 million.

You can also take a look at 12 Best Bank Stocks To Buy For Long-Term and 15 Best Performing Shitcoins in 2023

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