diff --git "a/7e4272f0-7416-4af1-82e8-0c0c4390e00d.json" "b/7e4272f0-7416-4af1-82e8-0c0c4390e00d.json" new file mode 100644--- /dev/null +++ "b/7e4272f0-7416-4af1-82e8-0c0c4390e00d.json" @@ -0,0 +1,40 @@ +{ + "interaction_id": "7e4272f0-7416-4af1-82e8-0c0c4390e00d", + "search_results": [ + { + "page_name": "Dividend Yield for Dow Jones Ind. Avg. Stocks, Sorted by Yield ...", + "page_url": "https://indexarb.com/dividendYieldSorteddj.html", + "page_snippet": "", + "page_result": "\n\n\nDividend Yield for Dow Jones Ind. Avg. Stocks, Sorted by Yield - indexArb.com\n\n\n\n\n\n\n\n \n \n \n \n \n \n \n \n \n
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Dividend Yield for Stocks in the
Dow Jones Industrial Average\n
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Updated: Tuesday, Mar-12-2024
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Notes about the following table of dividend yields.
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    \n
  • The "Estimated Dividend" for each\n stock below is our best estimate of the per\n share amount that will be paid during the\n next year, beginning on Mar-13-2024. Most\n companies pay dividends on a quarterly frequency;\n some pay annually or semi-annually.\n The amount, timing, and growth of each dividend\n is forecasted from several years of dividend\n history, provided, of course, that the company\n has an established track record. Otherwise,\n the most recent (perceived) dividend policy\n is extended.\n
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    \n
  • Internal values have a precision of at least\n twelve decimal places. Displayed values,\n however, are rounded to either two or four decimal places.\n
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    \n
  • Therefore, if you calculate the dividend\n yield by dividing the estimated dividend\n by the price using the rounded amounts in\n the table, you might get slightly different\n values. The correct values are those that\n are displayed.\n
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    \n
  • The table can be sorted by clicking on the\n column headings of Stock (for an alphabetical\n listing) or Dividend Yield (for a descending\n value listing).\n
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  • The \"Dogs of the Dow\" investment strategy is to maintain a portfolio that consists of the ten\n DJIA stocks with the highest yields. Conventionally, equal amounts are invested in each of the\n the ten stocks at the beginning of the year and held for one year. Clearly, the initiation time is\n arbitrary and one could begin the investments at any time. Further, the holding period could be\n modified such that when one of the top ten falls into the bottom twenty group, it could be replaced\n with the stock that rose into the top ten. The following table can be ranked by yield (highest to lowest)\n to facilitate implementation of the \"Dogs of the Dow\" strategy.\n
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The following table is sorted by Dividend Yield.
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 Stock
\n   		Current Price Estimated Dividend
\n [For the
\n next year]		 Dividend Yield (%)
\n   		Bar Graph
\n  
Verizon Communications40.132.70006.73
3M98.726.06006.14
Dow57.682.80004.85
Chevron151.896.65004.38
IBM197.786.68003.38
Amgen276.549.13003.30
Goldman Sachs388.1812.50003.22
Coca-Cola60.501.94003.21
Cisco Systems50.071.60003.20
Johnson & Johnson162.745.00003.07
Merck122.663.12002.54
Home Depot374.549.17002.45
Procter & Gamble161.933.87562.39
McDonalds294.316.94002.36
JPMorgan Chase189.844.35002.29
Honeywell International199.134.44002.23
Travelers220.464.28001.94
UnitedHealth Group489.358.03001.64
Caterpillar337.245.50001.63
NIKE B100.181.54001.54
Walmart61.410.83001.35
American Express222.652.80001.26
Intel45.240.50001.11
Disney112.460.90000.80
Visa A283.922.24000.79
Microsoft415.283.14000.76
Apple173.231.00000.58
Salesforce306.621.60000.52
Statistics:
Dow Jones Industrial Average Dividend Yields		    
Maximum Value  6.73 
Minimum Value of
Non-Zero Dividend Yields		  0.52 
Average Dividend Yield (%) of
All Dow Jones Industrial Average Stocks		  2.32 
Average Dividend Yield (%) of
Non-Zero Dividend Yields		  2.49 
Standard Deviation of
of All Dow Jones Industrial Average Stocks		  1.62 
Standard Deviation of
Non-Zero Dividend Yields		  1.55 
Number of Dow Jones Industrial Average Stocks
in the Statistics		  30 
Number Stocks with Non-Zero Dividend Yields  28 
Number Stocks with Zero Dividends  2 
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Stocks in the Dow Jones Industrial Average Index That Have Zero Dividends.
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Amazon
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 To the top of this page.
 \n \n To S&P 500 stock dividends.
 \n \n To Nasdaq 100 stock dividends.
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No portion of this page or web site may be copied, retransmitted, or\n redistributed in any manner for any commercial use. You may use the site and its information to help in\n formulating your personal investment decisions; doing so signifies that you accept our
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\n All pages, content, images, and design Copyright 2000-2024 Ergo Inc. All Rights Reserved Worldwide.\n
\n
\n
\n\n", + "page_last_modified": " Wed, 13 Mar 2024 03:14:00 GMT" + }, + { + "page_name": "Stocks With the Highest Dividend Yields in the S&P 500 | Kiplinger", + "page_url": "https://www.kiplinger.com/investing/stocks-with-the-highest-dividend-yields-in-the-sandp-500", + "page_snippet": "A couple of telcos and a healthcare REIT make the list of stocks with the highest dividend yields in the S&P 500.As the only telecom in the Dow Jones Industrial Average, Verizon gets more than its fair share of attention from institutional investors looking for equity income. \u00b7 True, VZ sports one of the highest dividend yields in the benchmark index partly because shares are off about 2% over the past 52 weeks. As with AT&T, the stock is down partly because of concerns over the costs associated with cleaning up lead contamination. Telecommunications stocks such as Verizon Communications (VZ) are known for producing steady and generous dividends. As the only telecom in the Dow Jones Industrial Average, Verizon gets more than its fair share of attention from institutional investors looking for equity income. Newell cut its quarterly dividend by almost 70% to 7 cents per share. (The company said the cash formerly earmarked for shareholders will be used to pay down debt, which is probably a good idea.) Nonetheless, the yield on Newell's dividend tumbled to below 3% from knocking on the door of 10%. True, VZ sports one of the highest dividend yields in the benchmark index partly because shares are off about 2% over the past 52 weeks. As with AT&T, the stock is down partly because of concerns over the costs associated with cleaning up lead contamination. That said, VZ's dividend yield is not wildly out of line with past levels. The stock's three-year average dividend yield stands at 6.9%.", + "page_result": "\n\n\n\n\n\nStocks With the Highest Dividend Yields in the S&P 500 | Kiplinger\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
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Stocks With the Highest Dividend Yields in the S&P 500

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A couple of telcos and a healthcare REIT make the list of stocks with the highest dividend yields in the S&P 500.

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\"Dan
By Dan Burrows
last updated
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Experienced equity income investors know that blindly buying stocks with the highest dividend yields can be a dangerous game.

Indeed, an unusually high dividend yield can actually be a warning sign. That's because stock prices and dividend yields move in opposite directions. It's possible that a too-good-to-be-true dividend yield is simply an effect of a stock having lost a lot of value. 

And anytime a company's stock is slumping badly, it's worth wondering if its dividend is sustainable at current levels.

Case in point: look at what happened with Newell Brands (NWL) last year.

Newell, whose portfolio of products ranges from Rubbermaid and Sharpie to Oster and Yankee Candle, was having a tough 2023. Shares lost a third of their value through mid-May, pushing up the yield on NWL's dividend to as much as 9.7%.

That seemed pretty obviously unsustainable, and indeed it was. In the spring, Newell cut its quarterly dividend by almost 70% to 7 cents per share. (The company said the cash formerly earmarked for shareholders will be used to pay down debt, which is probably a good idea.) Nonetheless, the yield on Newell's dividend tumbled to below 3% from knocking on the door of 10%.

Stocks with the highest dividend yields

So, yes, sometimes stocks with the highest dividend yields can be fool's gold. And this could be pertinent to some of the stocks with the highest dividend yields in the S&P 500 today. Be forewarned that in some cases the names below have entered elite-yield territory only because their share prices have come under stress. In turn, that has some analysts concerned about the sustainability of payouts going forward. 

With those caveats out of the way, below please find the five S&P 500 stocks with the highest dividend yields.

Market data, analysts' estimates and analysts' recommendations are as of January 4, 2024, courtesy of YCharts and S&P Global Market Intelligence. Stocks are listed by dividend yields, from lowest to highest.

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Healthpeak Properties

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  • Market value: $10.8 billion
  • Dividend yield: 6.13%
  • Analysts' consensus recommendation: Buy 

Real estate investment trusts (REITs) are required to pay out most of their profits in the form of dividends, but it's rare for a REIT to actually make the list of S&P 500 stocks with the highest dividend yields.

Healthpeak Properties (PEAK), a healthcare REIT, makes the list this month, but mostly because its stock price continues to be in a funk. PEAK has lost more than a fifth of its value over the past 52 weeks, pushing the yield on its dividend well above its three-year average of 4.72%. 

In October 2023, Healthpeak Properties and Physicians Realty Trust (DOC) agreed to merge in an all-stock deal that would create a $21 billion healthcare REIT consisting of clinics, hospitals and surgery centers. The deal is expected to close in the first half of 2024.

PEAK stock is up by more than a quarter since the end of October, and analysts see more relative outperformance ahead. Of the 15 analysts covering PEAK surveyed by S&P Global Market Intelligence, seven call it a Strong Buy, six say Hold and two rate it at Sell. That works out to a consensus recommendation of Buy, with mixed conviction. 

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Kinder Morgan

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  • Market value: $39.8 billion
  • Dividend yield: 6.26%
  • Analysts' consensus recommendation: Buy

Companies that transport and store oil and natural gas are known for their generous dividends, and Kinder Morgan (KMI) is no exception. The largest energy infrastructure firm in the S&P 500 typically boasts a dividend yield well above the average of its peers.

Even better, KMI expects to increase its dividend for a seventh consecutive year in 2024. Management said in early December that it expects to pay an annualized dividend of $1.15 per share in the new year, an increase of 1.8% vs 2023. 

Take the dividend hike, add in a stock price that's off about 1% over the past 52 weeks, and Kinder Morgan finds itself on the list of highest-paying dividend stocks in the S&P 500. That said, be aware that KMI is lagging the broader market by a wide margin over concerns about macro risks, its heavy debt load and other issues. 

\"Kinder Morgan faces pressure from both commodity price risk and shipper counterparty risk,\" writes Argus Research analyst Bill Selesky, who rates KMI at Hold. \"However, our biggest concern is the company's relatively high leverage, with a debt/cap ratio of approximately 50%. We believe that high interest expense in a rising rate environment could limit dividend increases and share repurchases.\"

Of the 22 analysts issuing opinions on KMI stock surveyed by S&P Global Market Intelligence, four rate it at Strong Buy, five say it's a Buy, 12 have it at Hold and one calls it a Strong Sell. That works out to a consensus recommendation of Buy, but with conviction so low it's just a notch above Hold. 

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AT&T

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  • Market value: $122.7 billion
  • Dividend yield: 6.44%
  • Analysts' consensus recommendation: Buy 

AT&T (T) is the first of two telecommunications companies on our list of stocks with the highest dividend yields in the S&P 500. No surprise there. Thanks to customers sending in their checks every month, telcos are known for their generous and dependable dividends. 

In AT&T's case, the company has paid uninterrupted dividends since 1984. Until 2019, it had raised its payout annually for more than three decades, making it a one-time member of the S&P 500 Dividend Aristocrats. 

Shares are off more than 8% over the past 52 weeks, hurt in part by concerns over the costs associated with cleaning up lead contamination. Although the slumping stock price has pushed up T's dividend yield, it actually remains below its own five-year average.

Shareholders can also take comfort in the fact that AT&T has been chipping away at its heavy debt load and freeing up cash. The company generated free cash flow (or the cash remaining after expenses, capital expenditures and financial commitments are met) of $103.4 billion in 2022. That's much better than the negative free cash flow of $67.7 billion AT&T recorded the previous year. Free cash flow is what ultimately supports dividend payments, so this was a welcome development for shareholders.

Of the 28 analysts covering AT&T tracked by S&P Global Market Intelligence, 10 call it a Strong Buy, two have it at Buy, 13 say it's a Hold, one says Sell and two rate it at Strong Sell. That works out to a consensus recommendation of Buy with modest conviction. 

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Verizon

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  • Market value: $165.6 billion
  • Dividend yield: 6.79%
  • Analysts' consensus recommendation: Buy 

Telecommunications stocks such as Verizon Communications (VZ) are known for producing steady and generous dividends. As the only telecom in the Dow Jones Industrial Average, Verizon gets more than its fair share of attention from institutional investors looking for equity income. 

True, VZ sports one of the highest dividend yields in the benchmark index partly because shares are off about 2% over the past 52 weeks. As with AT&T, the stock is down partly because of concerns over the costs associated with cleaning up lead contamination. That said, VZ's dividend yield is not wildly out of line with past levels. The stock's three-year average dividend yield stands at 6.9%.

Long-term investors seeking out the best dividend growth stocks will be happy to know that this telco is also a reliable dividend grower. VZ has hiked its payout annually for 19 consecutive years. And the dividend increases should keep coming. 

How can we be confident of this? Verizon generated free cash flow of $17.8 billion for the 12 months ended Sept. 30, 2023. And that was after disbursing almost $11 billion in dividends.

As for VZ stock's prospects for beating the market over the next 12 to 18 months, Wall Street's consensus recommendation stands at Buy, albeit with low conviction, per S&P Global Market Intelligence. 

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Altria Group

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  • Market value: $73.4 billion
  • Dividend yield: 9.47%
  • Analysts' consensus recommendation: Hold 

Altria Group (MO) always sports a generous dividend yield, but it rarely claims the top spot on the list of stocks with the highest dividend yields in the S&P 500. 

The deal with Altria is that there isn't much growth to be found in the U.S. tobacco business. And so the company known for Marlboro cigarettes and Copenhagen dipping tobacco has to keep shareholders happy with generous and reliable dividends.

But dividends are only part of the story when it comes to Altria's status as a defensive equity income stock. Sales of its addictive products tend to hold up well when economic times get tough. MO stock also tends to trade with much lower volatility relative to the broader market.

Those characteristics – as well as a dividend yield of more than 9.4% and 13 consecutive years of dividend increases – make MO a pretty good place to hide in a bad market. 

That was certainly the case in 2022, when the S&P 500 generated a total return (price change plus dividends) of -18%. It was one of the worst years ever for stocks, and yet MO delivered a total return of +4.4%.

By the same token, defensive stocks like Altria tend to underperform in rising markets. And that was certainly the case in 2023. While the S&P 500's total return came to 26% last year, MO's total return was -3.6%. 

Analysts expect Altria only to match the performance of the broader market over the next 12 to 18 months, assigning it a consensus recommendation of Hold, per S&P Global Market Intelligence. 

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\"Dan
Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.

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A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.

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Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

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In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more.

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Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

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Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts. 

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\n\n\n\n\n\n\n\n\n\n\n\n\n", + "page_last_modified": " Wed, 13 Mar 2024 15:50:17 GMT" + }, + { + "page_name": "Top 10 Dow Dividend Stocks to Buy Now", + "page_url": "https://money.usnews.com/investing/dividends/slideshows/top-10-dow-dividend-stocks-to-buy-now", + "page_snippet": "The famous Dow Jones Industrial Average can be a good source for income investors.The famous Dow Jones Industrial Average can be a good source for income investors. ... Sept. 3, 2020 ... Sept. 3, 2020, at 3:02 p.m. ... The Dow Jones Industrial Average is one of the most iconic stock indexes in the world. Consisting of 30 large and established U.S. corporations, many investors look to the Dow for a sign of how publicly traded companies in general are performing. It's perhaps fitting that the top dividend payer in the Dow Jones Industrial Average is Dow. This specialty chemicals giant has roots that go back more than 100 years, but the stock itself is a relatively recent addition after its spinoff from DowDuPont after a $130 billion megamerger a few years ago. The Dow Jones Industrial Average is one of the most iconic stock indexes in the world. Consisting of 30 large and established U.S. corporations, many investors look to the Dow for a sign of how publicly traded companies in general are performing. For instance, struggling big oil company ExxonMobil Corp. Some small companies offer big dividends for income investors. ... These companies offer a 4% yield or more and stability amid market turbulence.", + "page_result": "\n \n\n \n \n\n \n \n \n \n \n\n\n Top 10 Dow Dividend Stocks to Buy Now\n\n\n\n\n\n \n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \n\n \n \n \n\n
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Top 10 Dow Dividend Stocks to Buy Now

The famous Dow Jones Industrial Average can be a good source for income investors.

By Jeff Reeves
|
Sept. 3, 2020
|
By Jeff Reeves
|
Sept. 3, 2020, at 3:02 p.m.
\"The
1/13
Credit

(Spencer Platt|Getty Images)

View as article

Investors can look to the Dow for income.

The Dow Jones Industrial Average is one of the most iconic stock indexes in the world. Consisting of 30 large and established U.S. corporations, many investors look to the Dow for a sign of how publicly traded companies in general are performing. For instance, struggling big oil company ExxonMobil Corp. (ticker: XOM) was recently replaced on the index by Salesforce.com (CRM). However, anyone who is familiar with Wall Street knows not all stocks are created equally. If you're an income-oriented investor, it's worth exploring the top Dow dividend payers separately from the broader index itself. Depending on your investment needs, adding some or even all of these names could be more in line with your overall strategy than simply relying on the DJIA on its own. Here are 10 Dow dividend stocks to consider.

Next:The Travelers Companies (TRV)
\"CROMWELL,
2/13
Credit

(Rob Carr|Getty Images)

View as article

The Travelers Companies (TRV)

Travelers is a favorite among dividend investors thanks to the consistent nature of its diversified insurance operations. Its business spans a range of commercial and personal policies, as well as bond insurance and other specialty products. From life insurance to homeowner's insurance to employer liability policies, this nearly 170-year-old company does it all, and it has the history and expertise to make sure it's always taking more in via premiums than it's paying out in claims. Those premiums add up to a steady stream of revenue each quarter, each month and each year. And naturally, they trickle back to shareholders via generous dividends.

Current yield: 3%

Next:Coca-Cola Co. (KO)
\"Manila,
3/13
Credit

(Getty Images)|

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Coca-Cola Co. (KO)

One of the biggest brands on the planet, Coca-Cola is a well-run company with consistent revenue. It's also one of the most consistent dividend payers on Wall Street, marking its 58th consecutive year of dividend increases after a bump to quarterly payouts in February to 41 cents per share. Admittedly, changing consumer tastes have caused KO stock to lag other Dow components in recent years \u2013 but while sugary soft drinks may not be a growth business in an era of healthier, fresher foods, they continue to fuel strong baseline sales at Coke and a generous payday for income-oriented investors.

Current yield: 3.3%

Next:Cisco Systems (CSCO)
\"April
4/13
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(Getty Images)|

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Cisco Systems (CSCO)

Communications equipment giant Cisco was one of the first stocks from the dot-com heyday to move away from aggressive growth investments and into a regular payment of dividends and stock buybacks. Critics would argue that is because CSCO became a bit too bloated and has fallen behind some of its peers, but that's an old argument that may not hold water anymore after various cost-cutting and restructuring efforts to rejuvenate this one-time tech leader. That includes a $1 billion cost-cutting plan announced in 2020 in the wake of the pandemic. On top of this, regular dividend increases in recent years and a massive $15 billion stock buyback plan announced in 2019 should provide a strong foundation for share prices going forward.

Current yield: 3.4%

Next:3M Co. (MMM)
\"Maplewood,
5/13
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3M Co. (MMM)

Minnesota-based chemicals and materials giant 3M Co. is a diversified stock that has customers across a host of industries, from transportation and health care to aerospace and consumer products. From products you can buy yourself at the store like Scotch tape and adhesives to specialty chemicals and coatings for manufacturers, 3M offers a wide array of items that help ensure it's not reliant on a single customer base. This broad portfolio means consistency in revenue year in and year out, across all kinds of economic ups and downs. That's one of the reasons MMM has been operating for more than a century with great success for its shareholders. It's not a glamorous business, but long-term dividend investors should consider this industrial conglomerate an attractive buy if you prioritize income and stability above growth potential.

Current yield: 3.6%

Next:JPMorgan Chase & Co. (JPM)
\"Indianapolis
6/13
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(jetcityimage|Getty Images)

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JPMorgan Chase & Co. (JPM)

JPMorgan is the largest of big U.S. banks with a mammoth market value of more than $300 billion, annual revenue north of $110 billion and roughly $2.7 trillion in total assets. Particularly in a low interest rate environment that makes it challenging to put capital to work, a scale of this size should be very appealing to investors. Sure, the 2008 financial crisis showed that even big banks can run into trouble, but reforms over the last decade have backstopped the financial system and reduced risk all around. Nothing is ever a sure thing, of course, but keep in mind that JPM weathered the crisis much better than other U.S. banks \u2013 including a rapid rebound in its dividend, getting right back to its pre-crisis level of 38 cents per share in 2013 as soon as regulators signed off and subsequently increasing payouts to a current dividend of 90 cents.

Current yield: 3.6%

Next:Verizon Communications (VZ)
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Verizon Communications (VZ)

Another example of an entrenched megacap stock that's going nowhere is Dow component Verizon. This telecom giant operates America's largest wireless network as measured by subscribers, as well as cable TV and fiber-optic internet access for homes and businesses. Communications services like these are built into most budgets as regular expenses and remain consistent in both good times and bad. Furthermore, the regulated nature of big telecom companies in the U.S. along with the incredible capital expenses necessary for deploying a competing network means the chance of competition is slim to none. Consider the fact that T-Mobile US (TMUS) just closed a megamerger with Sprint in part because neither company had the capital on hand to go toe-to-toe with VZ and its peer AT&T (T). There is admittedly not much future growth given market saturation, but bigger is decidedly better \u2013 and VZ is on top.

Current yield: 4.2%

Next:Walgreens Boots Alliance (WBA)
\"Shelby,
8/13
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(Getty Images)|

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Walgreens Boots Alliance (WBA)

Prescription drugs are a must-have in any economic environment, making Walgreens a low-risk investment choice with reliable revenue that fuels consistent dividends. WBA is a global pharmacy powerhouse with around 14,000 locations worldwide, including 9,500 locations in the U.S. under both the flagship Walgreens label as well as Duane Reade stores. It also operates some 400 in-store urgent care clinics, and on top of that thousands of Boots locations across Europe and Thailand. Brick-and-mortar retail isn't quite what it used to be, but in-person pharmacies are as exposed to the same disruptions as other specialty retailers. Furthermore, WBA is increasingly involved in pharmacy benefit management services, as evidenced by a partnership forged late last year with RxAdvance and managed care company Centene Corp. (CNC). With a massive retail network coupled with long-term deals, Walgreens and its dividend will be around for many years to come.

Current yield: 5.1%

Next:IBM Corp. (IBM)
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IBM Corp. (IBM)

IBM is not exactly on the cutting edge of the tech sector anymore, and the stock's price has been almost cut in half compared with its 2013 peak. But there is a lot to be said for the leaner IBM that still has entrenched relationships with enterprise customers, including Fortune 500 companies as well as the federal government, and a more focused operation under its new CEO that included a $900 million restructuring charge in 2020. Sure, IBM has its weaknesses \u2013 but many faster-growing tech stocks don't have any profits to speak of yet, let alone a generous dividend. And while IBM may be down since 2013, the dividend has surged from 95 cents each quarter to $1.63 as of the most recent payout. If you prefer an income-focused tech investment instead of smaller \"growth\" names on Wall Street, IBM may be worth a look.

Current yield: 5.3%

Next:Chevron Corp. (CVX)
\"MIAMI
10/13
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(Joe Raedle|Getty Images)

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Chevron Corp. (CVX)

Another big oil stock, Chevron is a case study in how income investments that may not have breakneck growth ahead of them can still offer consistency in dividends thanks to reliable revenue trends from a legacy business model. With a $155 billion market capitalization, Chevron is still one of the largest corporations on the planet \u2013 even if it has admittedly slumped from its 2019 highs around $120 a share. While fossil fuels are increasingly in the crosshairs amid attention on carbon emissions and climate change, any clean energy transition won't happen overnight, and CVX should continue to play an important role in the global economy for many years to come. With 2020 payouts now at $1.29 per share each quarter, up from $1.19 last year and just 72 cents per share in early 2011, there's reason to be confident that dividends will remain generous even if shares may be volatile in the short term.

Current yield: 6.2%

Next:Dow (DOW)
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Dow (DOW)

It's perhaps fitting that the top dividend payer in the Dow Jones Industrial Average is Dow. This specialty chemicals giant has roots that go back more than 100 years, but the stock itself is a relatively recent addition after its spinoff from DowDuPont after a $130 billion megamerger a few years ago. DOW's primary subsidiary is the Dow Chemical Co., which makes everything from plastics to agricultural chemicals. Though shares have only traded for less than two years, Dow had a long history of payouts before the merger and its current yield is a sign that history is likely to continue. Chemicals aren't glamorous, but are always in demand from end users \u2013 which all but guarantees consistent revenue regardless of economic trends.

Current yield: 6.2%

Next:The top 10 dividend stocks in the Dow:
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The top 10 dividend stocks in the Dow:

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  • The Travelers Companies (TRV)
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  • Coca-Cola Co. (KO)
    • \n
  • Cisco Systems (CSCO)
    • \n
  • 3M Co. (MMM)
    • \n
  • JPMorgan Chase & Co. (JPM)
    • \n
  • Verizon Communications (VZ)
    • \n
  • Walgreens Boots Alliance (WBA)
    • \n
  • IBM Corp. (IBM)
    • \n
  • Chevron Corp. (CVX)
    • \n
  • Dow (DOW)
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\n\n
\n\n \n \n \n\n \n \n \n ", + "page_last_modified": "" + }, + { + "page_name": "10 highest-yielding dividend stocks in the Dow", + "page_url": "https://finance.yahoo.com/news/10-highest-yielding-dividend-stocks-211552815.html", + "page_snippet": "These 10 stocks have the highest dividend yields in the Dow.The Dow Jones Industrial Average is made up of 30 blue-chip, American companies, many of which pay dividends to their shareholders. Investing in dividend stocks is a time-tested strategy that allows investors to generate passive income from their stock holdings. A company\u2019s dividend yield is calculated by dividing the annual per share dividend payment by the company\u2019s current share price. Here are the top dividend-yielding stocks in the Dow Jones Industrial Average. Here are the top dividend-yielding stocks in the Dow Jones Industrial Average. ... 3M manufactures a variety of products that are used by businesses and consumers alike. The St. Paul, Minnesota-based company makes everything from building materials, electronics components and orthodontics to perhaps its best-known product: Scotch tape. 3M has paid a dividend to shareholders without interruption for more than 100 years. 3M has paid a dividend to shareholders without interruption for more than 100 years. ... Verizon is a leader in communication and technology services. Along with AT&T and T-Mobile, they provide the majority of mobile-phone services in the U.S. Verizon generated more than $133 billion in revenue in 2023. ... Dow is involved in the production of different chemicals that are used in a variety of industries. IBM is one of the largest tech companies in the U.S. and earns more than two-thirds of its revenue from software and consulting services. The Armonk, New York-based company has paid a dividend for over 100 consecutive years.", + "page_result": "10 highest-yielding dividend stocks in the Dow
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10 highest-yielding dividend stocks in the Dow

1
Brian Baker, CFA
·3 min read

The Dow Jones Industrial Average is made up of 30 blue-chip, American companies, many of which pay dividends to their shareholders. Investing in dividend stocks is a time-tested strategy that allows investors to generate passive income from their stock holdings.

A company\u2019s dividend yield is calculated by dividing the annual per share dividend payment by the company\u2019s current share price.

Here are the top dividend-yielding stocks in the Dow Jones Industrial Average.

Stocks with the highest dividend yields in the Dow Jones Industrial Average

*Data below as of February 27, 2024

1. 3M Company (MMM)

3M manufactures a variety of products that are used by businesses and consumers alike. The St. Paul, Minnesota-based company makes everything from building materials, electronics components and orthodontics to perhaps its best-known product: Scotch tape. 3M has paid a dividend to shareholders without interruption for more than 100 years.

  • Dividend yield: 6.58 percent

  • Annual dividend: $6.04

2. Verizon Communications (VZ)

Verizon is a leader in communication and technology services. Along with AT&T and T-Mobile, they provide the majority of mobile-phone services in the U.S. Verizon generated more than $133 billion in revenue in 2023.

  • Dividend yield: 6.70 percent

  • Annual dividend: $2.66 per share

3. Dow Inc. (DOW)

Dow is involved in the production of different chemicals that are used in a variety of industries. Its segments include packaging and specialty plastics, industrial intermediates and infrastructure, as well as performance materials and coatings. Dow is headquartered in Midland, Michigan.

  • Dividend yield: 5.0 percent

  • Annual dividend: $2.80

4. Chevron (CVX)

Chevron is an integrated energy company involved in activities that include the exploration and production of oil and natural gas. Berkshire Hathaway, led by Warren Buffett, was among Chevron\u2019s largest shareholders as of December 2023.

  • Dividend yield: 3.99 percent

  • Annual dividend: $6.16

5. International Business Machines (IBM)

IBM is one of the largest tech companies in the U.S. and earns more than two-thirds of its revenue from software and consulting services. The Armonk, New York-based company has paid a dividend for over 100 consecutive years.

  • Dividend yield:  3.61 percent

  • Annual dividend: $6.64

6. Cisco Systems (CSCO)

Cisco provides a variety of networking, security and cloud solutions and generated $57.0 billion in revenue in its 2023 fiscal year. The company is very profitable and earned nearly $20 billion in operating cash flow in its 2023 fiscal year.

  • Dividend yield: 3.31 percent

  • Annual dividend: $1.60

7. Coca-Cola (KO)

The Coca-Cola Co. owns a variety of different beverage brands that it sells in more than 200 countries and territories. Its products have been sold in the U.S. since 1886 and its brands account for 2.2 billion of the estimated 64 billion servings of all beverages consumed worldwide each day.

  • Dividend yield: 3.20 percent

  • Annual dividend: $1.94

8. Amgen (AMGN)

Amgen is a biotechnology company focused on the discovery, development and manufacturing of human therapeutics. The company uses tools such as advanced human genetics to understand diseases and human biology.

  • Dividend yield: 3.14 percent

  • Annual dividend: $9.00

9. Johnson & Johnson (JNJ)

Johnson & Johnson develops and produces a variety of products in the healthcare industry. Some of its well-known brands include Band-aid, Neutrogena, Tylenol, Benadryl and more. The company was founded in 1887 and is headquartered in New Jersey.

  • Dividend yield: 2.96 percent

  • Annual dividend: $4.76

10. Goldman Sachs (GS)

Goldman Sachs is a global financial services company involved in various financial activities such as investment banking, investment advisory, equity and debt underwriting and more. The New York-based company was founded in 1869 and maintains offices in major financial centers around the world.

  • Dividend yield: 2.82 percent

  • Annual dividend: $11.00

Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.

Advertisement
", + "page_last_modified": "" + }, + { + "page_name": "Stocks With the Highest Dividend Yields in the S&P 500 | Kiplinger", + "page_url": "https://www.kiplinger.com/investing/stocks-with-the-highest-dividend-yields-in-the-sandp-500", + "page_snippet": "A couple of telcos and a healthcare REIT make the list of stocks with the highest dividend yields in the S&P 500.As the only telecom in the Dow Jones Industrial Average, Verizon gets more than its fair share of attention from institutional investors looking for equity income. \u00b7 True, VZ sports one of the highest dividend yields in the benchmark index partly because shares are off about 2% over the past 52 weeks. As with AT&T, the stock is down partly because of concerns over the costs associated with cleaning up lead contamination. Telecommunications stocks such as Verizon Communications (VZ) are known for producing steady and generous dividends. As the only telecom in the Dow Jones Industrial Average, Verizon gets more than its fair share of attention from institutional investors looking for equity income. Newell cut its quarterly dividend by almost 70% to 7 cents per share. (The company said the cash formerly earmarked for shareholders will be used to pay down debt, which is probably a good idea.) Nonetheless, the yield on Newell's dividend tumbled to below 3% from knocking on the door of 10%. True, VZ sports one of the highest dividend yields in the benchmark index partly because shares are off about 2% over the past 52 weeks. As with AT&T, the stock is down partly because of concerns over the costs associated with cleaning up lead contamination. That said, VZ's dividend yield is not wildly out of line with past levels. The stock's three-year average dividend yield stands at 6.9%.", + "page_result": "\n\n\n\n\n\nStocks With the Highest Dividend Yields in the S&P 500 | Kiplinger\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
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Stocks With the Highest Dividend Yields in the S&P 500

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A couple of telcos and a healthcare REIT make the list of stocks with the highest dividend yields in the S&P 500.

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By Dan Burrows
last updated
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Experienced equity income investors know that blindly buying stocks with the highest dividend yields can be a dangerous game.

Indeed, an unusually high dividend yield can actually be a warning sign. That's because stock prices and dividend yields move in opposite directions. It's possible that a too-good-to-be-true dividend yield is simply an effect of a stock having lost a lot of value. 

And anytime a company's stock is slumping badly, it's worth wondering if its dividend is sustainable at current levels.

Case in point: look at what happened with Newell Brands (NWL) last year.

Newell, whose portfolio of products ranges from Rubbermaid and Sharpie to Oster and Yankee Candle, was having a tough 2023. Shares lost a third of their value through mid-May, pushing up the yield on NWL's dividend to as much as 9.7%.

That seemed pretty obviously unsustainable, and indeed it was. In the spring, Newell cut its quarterly dividend by almost 70% to 7 cents per share. (The company said the cash formerly earmarked for shareholders will be used to pay down debt, which is probably a good idea.) Nonetheless, the yield on Newell's dividend tumbled to below 3% from knocking on the door of 10%.

Stocks with the highest dividend yields

So, yes, sometimes stocks with the highest dividend yields can be fool's gold. And this could be pertinent to some of the stocks with the highest dividend yields in the S&P 500 today. Be forewarned that in some cases the names below have entered elite-yield territory only because their share prices have come under stress. In turn, that has some analysts concerned about the sustainability of payouts going forward. 

With those caveats out of the way, below please find the five S&P 500 stocks with the highest dividend yields.

Market data, analysts' estimates and analysts' recommendations are as of January 4, 2024, courtesy of YCharts and S&P Global Market Intelligence. Stocks are listed by dividend yields, from lowest to highest.

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Healthpeak Properties

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  • Market value: $10.8 billion
  • Dividend yield: 6.13%
  • Analysts' consensus recommendation: Buy 

Real estate investment trusts (REITs) are required to pay out most of their profits in the form of dividends, but it's rare for a REIT to actually make the list of S&P 500 stocks with the highest dividend yields.

Healthpeak Properties (PEAK), a healthcare REIT, makes the list this month, but mostly because its stock price continues to be in a funk. PEAK has lost more than a fifth of its value over the past 52 weeks, pushing the yield on its dividend well above its three-year average of 4.72%. 

In October 2023, Healthpeak Properties and Physicians Realty Trust (DOC) agreed to merge in an all-stock deal that would create a $21 billion healthcare REIT consisting of clinics, hospitals and surgery centers. The deal is expected to close in the first half of 2024.

PEAK stock is up by more than a quarter since the end of October, and analysts see more relative outperformance ahead. Of the 15 analysts covering PEAK surveyed by S&P Global Market Intelligence, seven call it a Strong Buy, six say Hold and two rate it at Sell. That works out to a consensus recommendation of Buy, with mixed conviction. 

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Kinder Morgan

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  • Market value: $39.8 billion
  • Dividend yield: 6.26%
  • Analysts' consensus recommendation: Buy

Companies that transport and store oil and natural gas are known for their generous dividends, and Kinder Morgan (KMI) is no exception. The largest energy infrastructure firm in the S&P 500 typically boasts a dividend yield well above the average of its peers.

Even better, KMI expects to increase its dividend for a seventh consecutive year in 2024. Management said in early December that it expects to pay an annualized dividend of $1.15 per share in the new year, an increase of 1.8% vs 2023. 

Take the dividend hike, add in a stock price that's off about 1% over the past 52 weeks, and Kinder Morgan finds itself on the list of highest-paying dividend stocks in the S&P 500. That said, be aware that KMI is lagging the broader market by a wide margin over concerns about macro risks, its heavy debt load and other issues. 

\"Kinder Morgan faces pressure from both commodity price risk and shipper counterparty risk,\" writes Argus Research analyst Bill Selesky, who rates KMI at Hold. \"However, our biggest concern is the company's relatively high leverage, with a debt/cap ratio of approximately 50%. We believe that high interest expense in a rising rate environment could limit dividend increases and share repurchases.\"

Of the 22 analysts issuing opinions on KMI stock surveyed by S&P Global Market Intelligence, four rate it at Strong Buy, five say it's a Buy, 12 have it at Hold and one calls it a Strong Sell. That works out to a consensus recommendation of Buy, but with conviction so low it's just a notch above Hold. 

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AT&T

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  • Market value: $122.7 billion
  • Dividend yield: 6.44%
  • Analysts' consensus recommendation: Buy 

AT&T (T) is the first of two telecommunications companies on our list of stocks with the highest dividend yields in the S&P 500. No surprise there. Thanks to customers sending in their checks every month, telcos are known for their generous and dependable dividends. 

In AT&T's case, the company has paid uninterrupted dividends since 1984. Until 2019, it had raised its payout annually for more than three decades, making it a one-time member of the S&P 500 Dividend Aristocrats. 

Shares are off more than 8% over the past 52 weeks, hurt in part by concerns over the costs associated with cleaning up lead contamination. Although the slumping stock price has pushed up T's dividend yield, it actually remains below its own five-year average.

Shareholders can also take comfort in the fact that AT&T has been chipping away at its heavy debt load and freeing up cash. The company generated free cash flow (or the cash remaining after expenses, capital expenditures and financial commitments are met) of $103.4 billion in 2022. That's much better than the negative free cash flow of $67.7 billion AT&T recorded the previous year. Free cash flow is what ultimately supports dividend payments, so this was a welcome development for shareholders.

Of the 28 analysts covering AT&T tracked by S&P Global Market Intelligence, 10 call it a Strong Buy, two have it at Buy, 13 say it's a Hold, one says Sell and two rate it at Strong Sell. That works out to a consensus recommendation of Buy with modest conviction. 

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Verizon

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  • Market value: $165.6 billion
  • Dividend yield: 6.79%
  • Analysts' consensus recommendation: Buy 

Telecommunications stocks such as Verizon Communications (VZ) are known for producing steady and generous dividends. As the only telecom in the Dow Jones Industrial Average, Verizon gets more than its fair share of attention from institutional investors looking for equity income. 

True, VZ sports one of the highest dividend yields in the benchmark index partly because shares are off about 2% over the past 52 weeks. As with AT&T, the stock is down partly because of concerns over the costs associated with cleaning up lead contamination. That said, VZ's dividend yield is not wildly out of line with past levels. The stock's three-year average dividend yield stands at 6.9%.

Long-term investors seeking out the best dividend growth stocks will be happy to know that this telco is also a reliable dividend grower. VZ has hiked its payout annually for 19 consecutive years. And the dividend increases should keep coming. 

How can we be confident of this? Verizon generated free cash flow of $17.8 billion for the 12 months ended Sept. 30, 2023. And that was after disbursing almost $11 billion in dividends.

As for VZ stock's prospects for beating the market over the next 12 to 18 months, Wall Street's consensus recommendation stands at Buy, albeit with low conviction, per S&P Global Market Intelligence. 

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(Image credit: Getty Images)
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Altria Group

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  • Market value: $73.4 billion
  • Dividend yield: 9.47%
  • Analysts' consensus recommendation: Hold 

Altria Group (MO) always sports a generous dividend yield, but it rarely claims the top spot on the list of stocks with the highest dividend yields in the S&P 500. 

The deal with Altria is that there isn't much growth to be found in the U.S. tobacco business. And so the company known for Marlboro cigarettes and Copenhagen dipping tobacco has to keep shareholders happy with generous and reliable dividends.

But dividends are only part of the story when it comes to Altria's status as a defensive equity income stock. Sales of its addictive products tend to hold up well when economic times get tough. MO stock also tends to trade with much lower volatility relative to the broader market.

Those characteristics – as well as a dividend yield of more than 9.4% and 13 consecutive years of dividend increases – make MO a pretty good place to hide in a bad market. 

That was certainly the case in 2022, when the S&P 500 generated a total return (price change plus dividends) of -18%. It was one of the worst years ever for stocks, and yet MO delivered a total return of +4.4%.

By the same token, defensive stocks like Altria tend to underperform in rising markets. And that was certainly the case in 2023. While the S&P 500's total return came to 26% last year, MO's total return was -3.6%. 

Analysts expect Altria only to match the performance of the broader market over the next 12 to 18 months, assigning it a consensus recommendation of Hold, per S&P Global Market Intelligence. 

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\"Dan
Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.

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A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.

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Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

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In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more.

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Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

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Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts. 

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