20 Highest Yield Dividend Champions, Dividend Stocks You Can Rely On

20 Highest Yield Dividend Champions, Dividend Stocks You Can Rely On

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"Dividend Champion" is a term coined by The DRiP Investing Resource Center referring to U.S Companies that have offered AND increased their dividend for a minimum of 25 straight years. 

A track record like this is incredibly encouraging to investors who know all to well that a company can cancel dividend payments at any time. A consistent payment history is all the more important if the yield is competitively high. 

With this in mind we screened the 105 dividend champions, whose yields range from 0.78% to 10.4% and pulled the top 20 yielders. 

Pros and Cons of High Yield Dividend Champions

On the list below, Diebold Inc. yields a handsome 3.87%. That's a number it reached in no hurry, because according to DRiP Diabold has been increasing and consistently paying its dividend for 59 years. That's just ahead of the 57 years Northwest Natural Gas took to hit a 4% yield. 

With a long history like that investors generally aren't too concerned the company will stop paying out soon, but surely this trend can't go in indefinitely. It's up to you as the investor to determine if a yield has reached an unsustainable level.

Most dividend investors will say 7% is the benchmark that separates sustainable yields from unsustainable. Anything higher has the potential to drain a firm of much needed revenue used for internal improvements, and can cause management to pull back on payments to shareholders. 

In the list below, only Pitney Bowes Inc. (10.4%) raises these concerns. 

Business Section: Investing Ideas 

The list below highlights the 20 highest yielding stocks on the DRiP list. 

On average, this list has a 37.95 year history of raising dividend yields to 4.7%, an average value of $1.57 per share. The list average 1-year return is 7%.

1. Pitney Bowes Inc. (PBI, Earnings, Analysts, Financials): Provides mail processing equipment and integrated mail solutions worldwide. Market cap at $2.78B, most recent closing price at $13.84.The company has raised dividends for 30 consecutive years. Current yield: 10.40%.
 

2. Old Republic Int'l (ORI, Earnings, Analysts, Financials): Engages in insurance underwriting business. Market cap at $2.97B, most recent closing price at $11.58.The company has raised dividends for 31 consecutive years. Current yield: 6.22%.
 

3. Mercury General Corp. (MCY, Earnings, Analysts, Financials): Engages in writing private passenger and commercial automobile insurance in the United States. Market cap at $2.07B, most recent closing price at $37.72.The company has raised dividends for 26 consecutive years. Current yield: 6.18%.
 

4. Altria Group Inc. (MO, Earnings, Analysts, Financials): Engages in the manufacture and sale of cigarettes, smokeless products, and wine in the United States and internationally. Market cap at $70.25B, most recent closing price at $34.69.The company has raised dividends for 44 consecutive years. Current yield: 5.22%.
 

5. AT&T Inc. (T, Earnings, Analysts, Financials): Provides telecommunication services to consumers, businesses, and other service providers worldwide. Market cap at $196.84B, most recent closing price at $35.27.The company has raised dividends for 29 consecutive years. Current yield: 5.17%.
 

6. Bowl America Class A (BWL/A, Earnings, Analysts, Financials): together with its subsidiaries, operates bowling centers. Market cap at $63.3M, most recent closing price $12.86. The company has raised dividends for 41 consecutive years. Current yield: 5.04%.
 

7. United Bankshares Inc. (UBSI, Earnings, Analysts, Financials): Provides commercial and retail banking services and products in the United States. Market cap at $1.3B, most recent closing price at $25.85.The company has raised dividends for 39 consecutive years. Current yield: 4.86%.
 

8. HCP Inc. (HCP, Earnings, Analysts, Financials): An independent hybrid real estate investment trust. Market cap at $21.11B, most recent closing price at $46.70.The company has raised dividends for 28 consecutive years. Current yield: 4.52%.
 

9. Vectren Corp. (VVC, Earnings, Analysts, Financials): Provides energy delivery services to residential, commercial, and industrial and other customers in Indiana and west central Ohio. Market cap at $2.65B, most recent closing price at $32.32.The company has raised dividends for 53 consecutive years. Current yield: 4.49%.
 

10. Universal Health Realty Trust (UHT, Earnings, Analysts, Financials): Operates as a real estate investment trust (REIT) in the United States. Market cap at $695.41M, most recent closing price at $54.80.The company has raised dividends for 26 consecutive years. Current yield: 4.49%.
 

11. Consolidated Edison (ED, Earnings, Analysts, Financials): Provides electric, gas, and steam utility services in the United States. Market cap at $16.74B, most recent closing price at $57.15.The company has raised dividends for 38 consecutive years. Current yield: 4.25%.
 

12. Northwest Natural Gas (NWN, Earnings, Analysts, Financials): Distributes natural gas primarily in Oregon, Washington, and California. Market cap at $1.22B, most recent closing price at $45.44.The company has raised dividends for 57 consecutive years. Current yield: 4.00%.

 

13. Leggett & Platt Inc. (LEG, Earnings, Analysts, Financials): Designs and produces a range of engineered components and products worldwide. Market cap at $4.23B, most recent closing price at $29.74.The company has raised dividends for 41 consecutive years. Current yield: 3.94%.
 

14. Middlesex Water Co. (MSEX, Earnings, Analysts, Financials): Operates regulated water utility and wastewater systems in New Jersey, Delaware, and Pennsylvania. Market cap at $308.07M, most recent closing price at $19.56.The company has raised dividends for 40 consecutive years. Current yield: 3.88%.
 

15. Diebold Inc. (DBD, Earnings, Analysts, Financials): Provides integrated self-service delivery and security systems and services primarily to the financial, commercial, government, and retail markets worldwide. Market cap at $1.9B, most recent closing price at $30.08.The company has raised dividends for 59 consecutive years. Current yield: 3.87%.
 

16. Sonoco Products Co. (SON, Earnings, Analysts, Financials): Provides industrial and consumer packaging products, and packaging services in North and South America, Europe, Australia, and Asia. Market cap at $3.2B, most recent closing price at $31.75.The company has raised dividends for 30 consecutive years. Current yield: 3.87%.

 

17. Cincinnati Financial (CINF, Earnings, Analysts, Financials): Engages in the property casualty insurance business in the United States. Market cap at $7.26B, most recent closing price at $44.61.The company has raised dividends for 52 consecutive years. Current yield: 3.84%.
 

18. WGL Holdings Inc. (WGL, Earnings, Analysts, Financials): Engages in the delivery and sale of natural gas, and provides energy-related products and services in the District of Columbia, Maryland, Virginia, and Delaware. Market cap at $2.18B, most recent closing price at $42.23.The company has raised dividends for 36 consecutive years. Current yield: 3.81%.
 

19. Piedmont Natural Gas (PNY, Earnings, Analysts, Financials): Distributes natural gas to residential, commercial, industrial, and power generation customers in portions of North Carolina, South Carolina, and Tennessee. Market cap at $2.43B, most recent closing price at $32.16.The company has raised dividends for 34 consecutive years. Current yield: 3.77%.
 

20. Atmos Energy (ATO, Earnings, Analysts, Financials): Engages primarily in the distribution, transmission, and storage of natural gas in the United States. Market cap at $3.42B, most recent closing price at $37.80.The company has raised dividends for 25 consecutive years. Current yield: 3.74%.
 

 

(List compiled by Rebecca Lipman)

 

 

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3 Responses to “20 Highest Yield Dividend Champions, Dividend Stocks You Can Rely On”

  1. Raoul says:

    Anything higher has the potential to drain a firm of much needed revenue used for internal improvements, and can cause management to pull back on payments to shareholders.

  2. Aaliyah says:

    That's a number it reached in no hurry, because according to DRiP Diabold has been increasing and consistently paying its dividend for 59 years. That's just ahead of the 57 years Northwest Natural Gas took to hit a 4% yield icon brickell for sale

  3. sousabusinessgroup says:

    Where are you getting your info Amerigas has almost 8% you are bias??????????? with your picks

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