Dividend Champions, Contenders and Challengers List: 5 Highest Yielding Stocks

In this article, we discuss 5 highest yielding dividend champions, contenders, and challengers. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read Dividend Champions, Contenders, and Challengers List: 15 Highest Yielding Stocks.

5. Kilroy Realty Corporation (NYSE:KRC)

Dividend Yield as of May 1: 7.63%

Kilroy Realty Corporation (NYSE:KRC) is a California-based real estate investment trust company that provides workplaces for a wide range of client industries. The company currently pays a quarterly dividend of $0.54 per share and has a dividend yield of 7.63%, as of May 1. It is one of the best dividend stocks on our list as it maintains a seven-year streak of dividend growth.

In March, Goldman Sachs resumed its coverage on Kilroy Realty Corporation (NYSE:KRC) with a Buy rating and a $41 price target, highlighting the company’s mix of high quality and relatively new properties in the current inflationary environment.

At the end of Q4 2022, 24 hedge funds tracked by Insider Monkey reported having stakes in Kilroy Realty Corporation (NYSE:KRC), up from 23 in the previous quarter. These stakes are collectively valued at over $370 million.

4. Lincoln National Corporation (NYSE:LNC)

Dividend Yield as of May 1: 8.38%

Lincoln National Corporation (NYSE:LNC) is an American insurance company that offers insurance and other investment management services to its consumers. On February 16, the company declared a quarterly dividend of $0.45 per share, which fell in line with its previous dividend. It has been raising its dividends consistently for the past 11 years, which makes it one of the best dividend stocks on our list. The stock’s dividend yield on May 1 came in at 8.38%.

As of the close of Q4 2022, 36 hedge funds tracked by Insider Monkey reported having stakes in Lincoln National Corporation (NYSE:LNC), valued at roughly $505 million collectively.

3. Innovative Industrial Properties, Inc. (NYSE:IIPR)

Dividend Yield as of May 1: 10.50%

Innovative Industrial Properties, Inc. (NYSE:IIPR) is an American real estate investment trust company, based in California. In April, Piper Sandler maintained an Overweight rating on the stock with a $97 price target, presenting a positive outlook on the REIT sector.

Innovative Industrial Properties, Inc. (NYSE:IIPR), one of the best dividend stocks, currently pays a quarterly dividend of $1.80 per share. The company initiated its dividend policy in 2017 and has raised its payouts every year since then. The stock has a dividend yield of 10.5%, as recorded on May 1.

At the end of Q4 2022, Innovative Industrial Properties, Inc. (NYSE:IIPR) saw a growth in hedge fund positions, as 14 funds in Insider Monkey’s database owned stakes in the company, up from 12 in the previous quarter. These stakes have a consolidated value of over $298.7 million.

2. Medical Properties Trust, Inc. (NYSE:MPW)

Dividend Yield as of May 1: 13.55%

Medical Properties Trust, Inc. (NYSE:MPW) ranks second on our list of the best dividend stocks. The company is a Dividend Challenger with nine consecutive years of dividend growth. It currently pays a quarterly dividend of $0.29 per share and has a dividend yield of 13.55%, as of May 1.

In April, Wells Fargo initiated its coverage on Medical Properties Trust, Inc. (NYSE:MPW) with an Equal Weight rating and a $9 price target. The firm called the company the ‘only healthcare REIT primarily focused on Acute Care Hospitals’.

As of December 2022, 28 hedge funds tracked by Insider Monkey reported having stakes in Medical Properties Trust, Inc. (NYSE:MPW), up from 23 in the previous quarter. These stakes have a value of over $367.5 million collectively.

1. Arbor Realty Trust, Inc. (NYSE:ABR)

Dividend Yield as of May 1: 14.26%

Arbor Realty Trust, Inc. (NYSE:ABR), a New York-based real estate investment trust company, tops our list of the best dividend stocks. It currently offers a quarterly dividend of $0.40 per share and has a dividend yield of 14.26%, as of May 1. The company has been raising its dividends consistently for the past 10 years.

At the end of Q4 2022, 17 funds in Insider Monkey’s database owned stakes in Arbor Realty Trust, Inc. (NYSE:ABR), up from 13 a quarter earlier. These stakes are collectively valued at over $68.5 million.

You can also take a look at 10 Best Computer Hardware Stocks To Buy Now and 10 Best Auto and Truck Dealership Stocks to Buy

Follow Insider Monkey on Twitter