Dividend Kings List by Yield: Top 10 Stocks

In this article, we discuss top 10 Dividend Kings by yield. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read Dividend Kings List by Yield: Top 25 Stocks. 

10. Kimberly-Clark Corporation (NYSE:KMB)

Dividend Yield as of November 11: 3.63%

An American multinational manufacturing company, Kimberly-Clark Corporation (NYSE:KMB) is another best dividend stock on our list. In October, Deutsche Bank lifted its price target on the stock to $120 while maintaining a Hold rating on the shares. The firm presented a bullish stance on the company’s recent earnings.

Kimberly-Clark Corporation (NYSE:KMB) has been making consistent dividend payments to its shareholders for the past 88 years. Moreover, the company extended its dividend growth streak to 50 years in 2022. Currently, it pays a quarterly dividend of $1.16 per share for a dividend yield of 3.63%, as of November 11.

During Q3 2022, Kimberly-Clark Corporation (NYSE:KMB) paid $392 million in dividends to shareholders, up from $385 million during the same period last year. The company generated $798 million in operating cash flow, compared with $782 million in the prior-year quarter.

At the end of Q2 2022, 24 hedge funds in Insider Monkey’s database owned stakes in Kimberly-Clark Corporation (NYSE:KMB), down from 33 in the previous quarter. These stakes hold a collective value of $507.2 million.

9. Black Hills Corporation (NYSE:BKH)

Dividend Yield as of November 11: 3.70%

Black Hills Corporation (NYSE:BKH) is an American diversified energy company that offers electric and gas utility services to its consumers. In September, BofA added the stock to its ‘Endeavor List’ which mainly includes around 35 small-cap companies that the firm view as “most compelling using a multi-disciplinary process”.

In the third quarter of 2022, Black Hills Corporation (NYSE:BKH) reported revenue of $462.6 million, which showed a 21.5% growth from the same period last year. The company’s operating cash flow for the quarter came in at $52.2 million and its operating income stood at roughly $80 million.

Black Hills Corporation (NYSE:BKH), one of the best dividend stocks on our list, has been making consecutive dividend payments to shareholders for the past 80 years. Moreover, it holds a 52-year streak of dividend growth, which is the second-longest track record in the utility sector. The company currently pays a quarterly dividend of $0.625 per share and has a dividend yield of 3.70%, as of November 11.

As of the close of Q2 2022, 19 hedge funds in Insider Monkey’s database owned stakes in Black Hills Corporation (NYSE:BKH), up from 16 in the previous quarter. These stakes hold a collective value of over $111.3 million. Among these hedge funds, Millennium Management was the company’s leading stakeholder in Q2.

8. Stanley Black & Decker, Inc. (NYSE:SWK)

Dividend Yield as of November 11: 3.93%

Stanley Black & Decker, Inc. (NYSE:SWK) is a Connecticut-based manufacturer that specializes in industrial tools and household products. The company also deals in security products. It has paid dividends to shareholders regularly for 146 years. Moreover, the company has been raising its payouts for consecutive 54 years, which makes it one of the best dividend stocks to buy. Currently, it pays a quarterly dividend of $0.80 per share and has a dividend yield of 3.93%, as of November 11.

In the first nine of the year, Stanley Black & Decker, Inc. (NYSE:SWK) reported a strong cash position with $408 million available in cash and cash equivalents, compared with $142 million at the end of December 2021. Due to this growth and its stable balance sheet, the company expects to generate a free cash flow between $300 million to $600 million in the next quarter.

Mizuho reiterated its Neutral rating on Stanley Black & Decker, Inc. (NYSE:SWK) in October with an $80 price target, highlighting the current market environment.

At the end of the second quarter of 2022, 32 hedge funds in Insider Monkey’s database owned stakes in Stanley Black & Decker, Inc. (NYSE:SWK), compared with 38 a quarter earlier. The collective value of these stakes is roughly $497 million.

7. AbbVie Inc. (NYSE:ABBV)

Dividend Yield as of November 11: 3.95%

AbbVie Inc. (NYSE:ABBV) is an American biotech company that was formed after the spin-off of Abbott Laboratories in 2013. On October 28, the company announced a 5% hike in its quarterly dividend to $1.48 per share. Including its years as a subsidiary of Abbott Laboratories, the company has been raising its dividends consistently for the past 50 years. Moreover, it has raised its payouts by 270% since 2013. As of November 11, the stock has a dividend yield of 3.95%.

In Q3 2022, AbbVie Inc. (NYSE:ABBV) reported revenue of $14.8 billion, up 3.3% from the same period last year. The company’s operating cash flow for the quarter came in at $7.6 billion and it generated $7.4 billion in free cash flow. It has a solid dividend payout ratio of 41%.

In October, Piper Sandler raised its price target on AbbVie Inc. (NYSE:ABBV) to $155 with an Overweight rating on the shares, highlighting the company’s solid performance in its neurology franchise.

Of the 895 hedge funds tracked by Insider Monkey, 71 funds reported owning stakes in AbbVie Inc. (NYSE:ABBV) in Q2 2022, compared with 75 in the preceding quarter. These stakes are collectively worth over $2.88 billion.

Baron Funds mentioned AbbVie Inc. (NYSE:ABBV) in its Q3 2022 investor letter. Here is what the firm has to say:

“AbbVie Inc. (NYSE:ABBV) is a drug developer best known for Humira, an immunosuppressant that is the best selling drug of all time. Given outsized key product risk (patent cliff and generic launches beginning in 2023), AbbVie has broadened its pipeline, highlighted by its Allergan acquisition. Shares fell on results that missed consensus and indications that legacy franchises were outperforming newer product launches, calling into question AbbVie’s long-term strategy. With promising assets in the pipeline and its robust cash flow profile, we believe AbbVie will grow well into the future.”

6. Federal Realty Investment Trust (NYSE:FRT)

Dividend Yield as of November 11: 4.03%

Federal Realty Investment Trust (NYSE:FRT) is a Maryland-based real estate investment trust company that mainly invests in shopping centers and other entertainment properties. In Q3 2022, the company posted revenue of $273.4 million, which showed a 10.6% growth from the same period last year. Its cash position remained stable as the company had over $146.2 million in cash and cash equivalents and its total assets amounted to over $8.2 billion.

Federal Realty Investment Trust (NYSE:FRT) holds the longest dividend growth track record in the REIT sector. It has been growing its payouts consistently for the past 55 years, which places it as one of the best dividend stocks on our list. Currently, it pays a quarterly dividend of $1.08 per share for a dividend yield of 4.03%, as of November 11.

In November, Mizuho maintained a Buy rating on Federal Realty Investment Trust (NYSE:FRT) with a $109 price target. The firm expressed concerns about occupancy rates post-pandemic but mentioned that companies can benefit through leasing spreads and embedded rents.

At the end of Q2 2022, 24 hedge funds tracked by Insider Monkey owned stakes in Federal Realty Investment Trust (NYSE:FRT), up from 23 in the previous quarter. These stakes have a consolidated value of nearly $200 million.

5. Northwest Natural Holding Company (NYSE:NWN)

Dividend Yield as of November 11: 4.12%

Northwest Natural Holding Company (NYSE:NWN) is an American natural gas distribution company. In October, Guggenheim maintained a Neutral rating on the stock, presenting a balanced stance on the Power and Utility sector.

In the third quarter of 2022, Northwest Natural Holding Company (NYSE:NWN) posted revenue of $116.8 million, which showed a 15.2% growth from the same period last year. During the first nine months of the year, the company’s operating cash flow came in at $166 million. Its cash and cash equivalents at the end of September jumped to $108.5 million, from $19.5 million nine months ago.

On October 27, Northwest Natural Holding Company (NYSE:NWN) declared an annual dividend of $1.94 per share. The company holds one of the longest dividend growth track records of 67 years. The stock dividend yield on November 11 came in at 4.12%.

In Q2 2022, 10 hedge funds tracked by Insider Monkey owned stakes in Northwest Natural Holding Company (NYSE:NWN), falling from 22 in the previous quarter. The consolidated value of these stakes is over $38.2 million.

4. 3M Company (NYSE:MMM)

Dividend Yield as of November 11: 4.61%

3M Company (NYSE:MMM) is an American multinational conglomerate that produces products related to industrial, healthcare, and consumer industries. In September, BofA maintained a $140 price target on the stock as the company works to navigate the challenging market environment. The firm also appreciated growth in the company’s Healthcare segment.

In Q3 2022, 3M Company (NYSE:MMM) reported an operating cash flow of $1.5 billion, and its free cash flow came in at $1.4 billion. The company remained committed to shareholder obligation, returning $1 billion to stakeholders through dividends and share repurchases.

On November 8, 3M Company (NYSE:MMM) declared a quarterly dividend of $1.49 per share, in line with its previous dividend. The company is one of the best dividend stocks as it has paid dividends to shareholders regularly for 100 years. Moreover, it also holds a 64-year track record of consistent dividend growth. As of November 11, the stock has a dividend yield of 4.61%.

At the end of Q2 2022, 54 hedge funds in Insider Monkey’s database owned stakes in 3M Company (NYSE:MMM), up from 51 in the previous quarter. These stakes are collectively valued at over $1.38 billion. Ken Fisher, Jim Simons, and Cliff Asness were some of the company’s major stakeholders in Q2.

Mayar Capital mentioned 3M Company (NYSE:MMM) in its Q2 2022 investor letter. Here is what the firm has to say:

“We also bought back into 3M (NYSE:MMM) as the stock reached attractive levels. We’d sold our shares in 3M last year when the price exceeded our estimated fair value, and as better opportunities to invest in presented themselves at the time. Nonetheless, we’ve always liked this business with its diversified revenues, its R&D leadership and its stable margins.

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

Dividend Yield as of November 11: 4.94%

Leggett & Platt, Incorporated (NYSE:LEG), an American diversified manufacturing company, has been raising its dividends consistently for the past 51 years. The company currently pays a quarterly dividend of $0.44 per share with shares boasting a yield of 4.94%, as recorded on November 11. The company is one of the best dividend stocks on our list.

In Q3 2022, Leggett & Platt, Incorporated (NYSE:LEG) reported a GAAP EPS of $0.52 and its revenue came in at $1.29 billion. The company’s operating cash flow for the quarter came in at $65 million, presenting a growth of $15 million from the same period last year. It expects to pay approximately $230 million to shareholders in dividends in FY22.

Highlighting margin pressures and ongoing market volatility, Piper Sandler maintained a Neutral rating on Leggett & Platt, Incorporated (NYSE:LEG) in October.

As of the close of Q2 2022, 12 hedge funds tracked by Insider Monkey owned stakes in Leggett & Platt, Incorporated (NYSE:LEG), compared with 15 in the preceding quarter. These stakes are collectively worth over $48.3 million. Millennium Management was the company’s leading stakeholder in Q2.

2. Universal Corporation (NYSE:UVV)

Dividend Yield as of November 11: 5.72%

Universal Corporation (NYSE:UVV) is a Virginia-based tobacco company. In the first half of 2022, the company reported revenue of $1.08 billion, up 34.3% from the same period last year. At the end of September, it had over $58.8 million available in cash and cash equivalents. The company’s total current assets amounted to nearly $2 billion, up from $1.6 billion in the prior-year quarter.

On November 3, Universal Corporation (NYSE:UVV) declared a quarterly dividend of $0.79 per share, consistent with its previous dividend. The company has been raising its dividends consistently for the past 52 years, coming through as one of the best dividend stocks on our list. As of November 11, the stock has a dividend yield of 5.72%.

The number of hedge funds tracked by Insider Monkey owning stakes in Universal Corporation (NYSE:UVV) stood at 10 in Q2 2022, the same as in the preceding quarter. These stakes have a total value of over $83.8 million, compared with $85.6 million worth of stakes owned by hedge funds in the previous quarter.

1 Altria Group, Inc. (NYSE:MO)

Dividend Yield as of November 11: 8.50%

Altria Group, Inc. (NYSE:MO) is a Virginia-based tobacco company that produces cigarettes and related products. The company currently pays a quarterly dividend of $0.94 per share and has a dividend yield of 8.50%, as of November 11. It has been raising its dividends consistently for the past 53 years. Moreover, the company paid $1.6 billion to shareholders in dividends during the third quarter of 2022, which makes it one of the best dividend stocks to buy.

Stifel lifted its price target on Altria Group, Inc. (NYSE:MO) to $50 this October with a Buy rating on the shares, appreciating the company’s joint venture with Japan Tobacco and its overall fundamentals.

At the end of the June quarter of 2022, 48 hedge funds tracked by Insider Monkey reported owning stakes in Altria Group, Inc. (NYSE:MO), up from 47 in the previous quarter. These stakes hold a combined value of over $1.8 billion.

You can also take a look at 15 Best Consistent Dividend Stocks to Buy and Goldman Sachs’ Cheap Dividend Stocks

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