Dividend Champions List Ranked By Yield: Top 10

In this article, we discuss top 10 dividend champions according to dividend yields. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read Dividend Champions List Ranked By Yield: Top 30. 

10. Universal Corporation (NYSE:UVV)

Dividend Yield as of November 19: 5.95%

Universal Corporation (NYSE:UVV) is an American company that is involved in the processing, and distribution of leaf tobacco. The company works with tobacco growers worldwide, purchasing raw tobacco leaves directly from farmers or through auctions. Its dividend growth streak currently stands at 53 years and it pays a quarterly dividend of $0.80 per share. As of November 19, the stock has a dividend yield of 5.95%.

At the end of the second quarter of 2023, 16 hedge funds owned stakes in Universal Corporation (NYSE:UVV), up from 13 in the previous quarter, according to Insider Monkey’s database. These stakes are collectively valued at over $68.3 million.

9. 3M Company (NYSE:MMM)

Dividend Yield as of November 19: 6.29%

An American multinational diversified conglomerate, 3M Company (NYSE:MMM) is next on our dividend champions list. The company was a part of 49 hedge fund portfolios at the end of Q2 2023, according to Insider Monkey’s database. These stakes are collectively worth over $726.7 million.

3M Company (NYSE:MMM) has raised its dividends for 65 consecutive years and currently pays a quarterly dividend of $1.50 per share. The stock has a dividend yield of 6.29%, as of November 19.

8. UGI Corporation (NYSE:UGI)

Dividend Yield as of November 19: 6.66%

UGI Corporation (NYSE:UGI) is a diversified energy company that operates in several segments within the energy industry. On November 16, the company declared a quarterly dividend of $0.375 per share, which fell in line with its previous dividend. It is one of the best stocks on our dividend champions list as the company has raised its payouts for the past 39 consecutive years. The stock’s dividend yield on November 19 came in at 6.66%.

At the end of Q2 2023, 22 hedge funds owned stakes in UGI Corporation (NYSE:UGI), according to Insider Monkey’s database. The overall value of these stakes is more than $180.5 million.

7. The First of Long Island Corporation (NASDAQ:FLIC)

Dividend Yield as of November 19: 7.08%

The First of Long Island Corporation (NASDAQ:FLIC) is an American bank holding company that primarily focuses on providing banking and financial services to its consumers. The company currently pays a quarterly dividend of $0.21 per share and has a dividend yield of 7.08%, as of November 19. It has remained committed to its shareholder return, growing its dividends for 27 consecutive years.

The number of hedge funds tracked by Insider Monkey owning stakes in The First of Long Island Corporation (NASDAQ:FLIC) stood at 7 in Q2 2023, the same as in the previous quarter. The total value of these stakes is more than $5.55 million.

6. Universal Health Realty Income Trust (NYSE:UHT)

Dividend Yield as of November 19: 7.18%

Universal Health Realty Income Trust (NYSE:UHT) is an American real estate investment trust company focused on owning, acquiring, and leasing healthcare and human service-related facilities. The company pays a quarterly dividend of $0.72 per share, having raised it by 0.7% in June this year. This was the company’s 39th consecutive year of dividend growth. As of November 19, the stock has a dividend yield of 7.18%.

As of the end of Q2 2023, 2 hedge funds in Insider Monkey’s database owned investments in Universal Health Realty Income Trust (NYSE:UHT), worth collectively over $1.5 million.

5. Enterprise Products Partners L.P. (NYSE:EPD)

Dividend Yield as of November 19: 7.61%

Enterprise Products Partners L.P. (NYSE:EPD) is an American midstream energy company that primarily engages in the gathering, processing, transportation, and storage of natural gas, and natural gas liquids. It made it to our dividend champions list as the company has raised its payouts for 25 years in a row. The company currently offers a quarterly dividend of $0.50 per share and has a dividend yield of 7.61%, as of November 19.

As of the close of Q2 2023, 25 hedge funds owned stakes in Enterprise Products Partners L.P. (NYSE:EPD), down from 26 in the preceding quarter, as per Insider Monkey’s database. These stakes are collectively worth over $272.7 million.

4. Enbridge Inc. (NYSE:ENB)

Dividend Yield as of November 19: 7.70%

Enbridge Inc. (NYSE:ENB) is a major energy infrastructure company that operates a diverse portfolio of energy transportation, distribution, and generation assets. On November 1, the company declared a quarterly dividend of C$0.8875 per share, which fell in line with its previous dividend. In 2022, the company stretched its dividend growth streak to 28 years, which places ENB on our dividend champions list.

The number of hedge funds in Insider Monkey’s database owning stakes in Enbridge Inc. (NYSE:ENB) grew to 28 in Q2 2023, from 25 in the previous quarter. These stakes are collectively worth nearly $450 million. With over 6.3 million shares, GQG Partners was the company’s leading stakeholder in Q2.

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

Dividend Yield as of November 19: 7.79%

Leggett & Platt, Incorporated (NYSE:LEG) is a diversified manufacturing company that designs and produces various engineered components and products used in a wide range of industries. The company pays a quarterly dividend of $0.46 per share and has a dividend yield of 7.79%, as of November 19. It has been growing its dividends consistently for the past 52 years.

Of the 910 hedge funds in Insider Monkey’s database at the end of Q2 2023, 18 funds owned stakes in Leggett & Platt, Incorporated (NYSE:LEG), up from 11 in the preceding quarter. The collective value of these stakes is more than $68.4 million.

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

Dividend Yield as of November 19: 9.08%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is a global pharmacy-led health and wellness company. It’s the result of a merger between Walgreens and Alliance Boots in 2014, creating a company with a significant presence in the pharmaceutical and retail sectors. The company’s dividend growth streak currently stands at 47 years and it pays a quarterly dividend of $0.48 per share. With a dividend yield of 9.08% as of November 19, WBA is one of the best stocks on our dividend champions list.

At the end of Q2 2023, 34 hedge funds in our database owned stakes in Walgreens Boots Alliance, Inc. (NASDAQ:WBA), worth over $440.8 million in total.

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

Dividend Yield as of November 19: 9.60%

Altria Group, Inc. (NYSE:MO) ranks first on our dividend champions list with a dividend yield of 9.60%, as of November 19. The American tobacco company pays a quarterly dividend of $0.98 per share and has raised its payouts for 54 consecutive years.

As of the end of Q2 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 Bill Gates Portfolio: November 2023 Update and 10 Best Performing Energy ETFs in 2023