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Top 20 Highest Yielding Dividend Kings Now | Yields Up To 9.8%


Updated on February 16th, 2024 by Bob Ciura

The Dividend Kings are the best-of-the-best in dividend longevity.

What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.

The downloadable Dividend Kings Spreadsheet List below contains the following for each stock in the index among other important investing metrics:

You can see the full downloadable spreadsheet of all 55 Dividend Kings (along with important financial metrics such as dividend yields, payout ratios, and price-to-earnings ratios) by clicking on the link below:

Click here to instantly download your free spreadsheet of all Dividend Kings now, along with important investing metrics.

We typically rank stocks based on their five-year expected annual returns, as stated in the Sure Analysis Research Database.

But for investors primarily interested in income, it is also useful to rank the Dividend Kings according to their dividend yields.

This article will rank the 20 highest-yielding Dividend Kings today.

Table of Contents

High Yield Dividend King #20: The Coca-Cola Company (KO)

Coca-Cola is the world’s largest beverage company, as it owns or licenses more than 500 unique non–alcoholic brands. Since the company’s founding in 1886, it has spread to more than 200 countries worldwide.

Source: Investor Presentation

The company also has an exceptional 59-year dividend increase streak.

Coca-Cola posted third quarter earnings on October 24th, 2023, and results were much better than expectations. Adjusted earnings-per-share came to 74 cents, which was a nickel better than estimates. Revenue was $12 billion, up 8.1% year-over-year, and a full $580 million ahead of expectations.

Organic revenue was up 11% during the quarter, beating estimates by 4%. The company saw gains in Latin America (+20%), EMEA (+20%), North America (+9%), Bottling Investments (+18%), and Global Ventures (+9%). Volume was up 2%, while price and mix accounted for a 9% gain in the top line.

Click here to download our most recent Sure Analysis report on KO (preview of page 1 of 3 shown below):


High Yield Dividend King #19: PepsiCo Inc. (PEP)

PepsiCo is a global food and beverage company that generates $86 billion in annual sales. The company’s brands include Pepsi, Mountain Dew, Frito–Lay chips, Gatorade, Tropicana orange juice and Quaker foods. The company has approximately 20 $1 billion-brands in its portfolio.

Source: Investor Presentation

On February 9th, 2024, PepsiCo reported fourth quarter and full year results for the period ending December 31st, 2023. For the quarter, revenue declined 0.5% to $27.85 billion, which was $520 million less than expected. Adjusted earnings-per-share of $1.78 compared favorably to $1.67 in the prior year and was $0.06 above estimates.

For the year, revenue grew 5.9% to $91.5 billion while adjusted earnings-per-share of $7.62 compared to $6.42 in 2022. Currency exchange was a 2% headwind to revenue and earnings-per-share in both the quarter and full year.

Click here to download our most recent Sure Analysis report on PepsiCo (preview of page 1 of 3 shown below):

High Yield Dividend King #18: AbbVie Inc. (ABBV)

AbbVie is a pharmaceutical company spun off by Abbott Laboratories (ABT) in 2013. Its most important product is Humira, now facing biosimilar competition in Europe and the U.S., which has had a noticeable impact on the company.

Even so, AbbVie remains a giant in the healthcare sector, with a large and diversified product portfolio.

Source: Investor Presentation

AbbVie reported its fourth quarter earnings results on February 2. The company was able to generate revenues of $14.3 billion during the quarter, which was 5% less than AbbVie’s revenues during the previous year’s quarter. AbbVie generated revenues that were ahead of what the analyst community had forecasted.

AbbVie’s revenues were positively impacted by compelling growth from some of its newer drugs, including Skyrizi and Rinvoq, while Humira sales declined due to the patent expiration, which hurt AbbVie’s revenues meaningfully.

Click here to download our most recent Sure Analysis report on AbbVie (preview of page 1 of 3 shown below):

High Yield Dividend King #17: Stanley Black & Decker (SWK)

Stanley Black & Decker is a world leader in power tools, hand tools, and related items. The company holds the top global position in tools and storage sales. Stanley Black & Decker is second in the world in the areas of commercial electronic security and engineered fastening.

Stanley Works and Black & Decker merged in 2010 to form the current company, thought the company can trace its history back to 1843. Black & Decker was founded in Baltimore, MD in 1910 and manufactured the world’s first portable power tool.

On February 1st, 2024, Stanley Black & Decker announced fourth quarter and full year results for the period ending December 31st, 2023. For the quarter, revenue declined 6.3% to $3.7 billion, which was $104 million below estimates. Adjusted earnings-per-share of $0.92 compared favorably to -$0.10 in the prior year and was $0.14 better than expected. For 2023, revenue fell 6.5% to $15.8 billion while adjusted earnings-per-share was $1.45.

Click here to download our most recent Sure Analysis report on SWK (preview of page 1 of 3 shown below):

High Yield Dividend King #16: Archer Daniels Midland (ADM)

Archer-Daniels-Midland is the largest publicly traded farmland product company in the United States. The company, founded in 1902, trades with a market capitalization of $38.6 billion. Archer-Daniels-Midland’s businesses include processing cereal grains, oilseeds, and agricultural storage and transportation.

Archer-Daniels-Midland reported its third-quarter results for Fiscal Year (FY) 2023 on October 24th, 2023. The company delivered robust financial results for Q3 2023 in the face of dynamic market conditions. Juan Luciano, Chair and CEO, highlighted strategic initiatives, including investments in innovation and operational efficiency, to meet evolving customer needs.

The Ag Services & Oilseeds segment excelled, leveraging Brazilian export capabilities and addressing renewable green diesel demand through the Spiritwood production facility. Carbohydrate Solutions posted outstanding results, particularly in ethanol, starches, and sweeteners.

Click here to download our most recent Sure Analysis report on ADM (preview of page 1 of 3 shown below):

High Yield Dividend King #15: Consolidated Edison (ED)

Consolidated Edison is a holding company that delivers electricity, natural gas, and steam to its customers in New York
City and Westchester County. The company has annual revenues of more than $14 billion.

On November 3rd, 2023, Consolidated Edison reported third quarter results for the period ending June 30th, 2023. For the quarter, revenue grew 7% to $3.87 billion, which was $36 million more than expected. Adjusted earnings of $561 million, or $1.62 per share, compared to adjusted earnings of $579 million, or $1.63 per share, in the previous year. Adjusted earnings-per-share were $0.03 above estimates.

As with prior quarters, higher rate bases for gas and electric customers were the primary contributors to results in the CECONY business, which is accounts for the vast majority of the company’s assets. Average rate base balances are expected to grow by 6% annually through 2025. Consolidated Edison expects capital investments of nearly $15 billion for the 2023 to 2025 period.

Click here to download our most recent Sure Analysis report on Consolidated Edison (preview of page 1 of 3 shown below):

High Yield Dividend King #14: Hormel Foods (HRL)

Hormel Foods was founded back in 1891 in Minnesota. Since that time, the company has grown into a juggernaut in the food products industry with nearly $10 billion in annual revenue.

Hormel has kept with its core competency as a processor of meat products for well over a hundred years, but has also grown into other business lines through acquisitions.

Hormel has a large portfolio of category-leading brands. Just a few of its top brands include include Skippy, SPAM, Applegate, Justin’s, and more than 30 others.

Click here to download our most recent Sure Analysis report on Hormel (preview of page 1 of 3 shown below):

High Yield Dividend King #13: Kimberly-Clark (KMB)

Kimberly-Clark is a global consumer products company that operates in 175 countries and sells disposable consumer goods, including paper towels, diapers, and tissues.

It operates through two segments that each house many popular brands: Personal Care Segment (Huggies, Pull-Ups, Kotex, Depend, Poise) and the Consumer Tissue segment (Kleenex, Scott, Cottonelle, and Viva), generating nearly $20 billion in annual revenue.

Kimberly-Clark posted fourth quarter and full-year earnings on January 24th, 2024, and results were weaker than expected on both the top and bottom lines. Adjusted earnings-per-share came to $1.51, which was three cents light of estimates. Revenue was flat year-over-year at $4.97 billion, which missed estimates fractionally. Organic sales were up 3% during the quarter, attributable to a 2% gain in pricing and a 1% tailwind from favorable product mix. Organic sales were expected slightly higher at +3.1%.

Gross margin rose by 210bps to 34.9% of revenue, with higher net revenue realization, cost savings, and favorable input costs all contributing. Unfavorable currency impacts and higher manufacturing costs partially offset these tailwinds. On a dollar basis, gross margin rose 7% year-over-year, including $50 million in cost savings and $50 million in lower input costs. Operating profits fell by 6%, driven by $170 million in unfavorable currency impacts.

Click here to download our most recent Sure Analysis report on Kimberly-Clark (preview of page 1 of 3 shown below):

High Yield Dividend King #12: United Bankshares (UBSI)

United Bankshares was formed in 1982 and since that time, has acquired more than 30 separate banking institutions. This focus on acquisitions, in addition to organic growth, has allowed United to expand into a regional powerhouse in the Mid-Atlantic with a $3.7 billion market capitalization, about $29 billion in total assets, and annual revenue of about $1 billion.

United posted fourth quarter and full-year earnings on January 26th, 2024, and results were weaker than expected. Fourth quarter earnings came to 59 cents per share, which missed estimates by seven cents. The bank noted the fourth quarter included about $12 million in noninterest expense for the FDIC’s special assessment on banks to recover losses in the Deposit Insurance Fund.

Net interest income for the quarter was up $1.2 million, or 1%, from Q3. The gain was attributable to organic loan growth and a higher yield on net loans, partially reduced by the impact of deposit rate repricing. Average net loans and loans held for sale rose $314 million, or 6% on an annualized basis, from Q3. The yield on loans rose 15 basis points to 6.07% for Q4. Net interest margin was 3.55% for Q4, essentially flat to Q3.

Click here to download our most recent Sure Analysis report on UBSI (preview of page 1 of 3 shown below):

High Yield Dividend King #11: National Fuel Gas Co. (NFG)

National Fuel Gas Co. is a diversified energy company that operates in five business segments: Exploration & Production, Pipeline & Storage, Gathering, Utility, and Energy Marketing. The largest segment of the company is Exploration & Production. With 53 years of consecutive dividend increases, National Fuel Gas qualifies to be a Dividend King.

In early November, National Fuel Gas reported (11/1/23) financial results for the fourth quarter of fiscal 2023. The company grew its production 7% over the prior year’s quarter thanks to the development of core acreage positions in Appalachia. However, the average realized price of natural gas fell -18%, from $2.84 to $2.33.

As a result, adjusted earnings-per-share declined -34%, from $1.19 to $0.78, and missed the analysts’ consensus by $0.07. The company has beaten the analysts’ estimates in 15 of the last 18 quarters.

Click here to download our most recent Sure Analysis report on NFG (preview of page 1 of 3 shown below):

High Yield Dividend King #10: Kenvue Inc. (KVUE)

Kenvue has three segments, including Self Care, Skin Health and Beauty, and Essential Health. Self Care’s product portfolio includes cough, cold, allergy, smoking cessation, and pain care products among others. Skin Health and Beauty holds products such as face, body, hair, and sun care. Essential Health contains products for women’s health, wound care, oral care, and baby care.

Well-known brands in Kenvue’s product line up include Tylenol, Listerine, Band-Aid, Neutrogena, Nicorette, and Zyrtec. These businesses contributed approximately 17% of Johnson & Johnson’s annual revenue.

On February 8th, 2024, Kenvue announced fourth quarter and full year earnings results for the period ending December 31st, 2023. Revenue declined 2.7% to $3.7 billion and was $90 million below estimates. Adjusted earnings-per-share totaled $0.31. For 2023, revenue grew 3.3% to $15.4 billion while adjusted earnings-per-share totaled $1.29. Organic sales fell 2.4% for the quarter, but were higher by 5% for the year.

For the quarter, pricing added 5.8% to results, but this was more than offset by an 8.2% decrease in volume. Results were up against a tough comparable period due to lapping a strong and early start to the cold, cough, and flu season in 2022. Gross profit margin expanded 140 basis points to 54.3%.

Click here to download our most recent Sure Analysis report on KVUE (preview of page 1 of 3 shown below):

High Yield Dividend King #9: Federal Realty Investment Trust (FRT)

Federal Realty was founded in 1962. As a Real Estate Investment Trust, Federal Realty’s business model is to own and rent out real estate properties. It uses a significant portion of its rental income, as well as external financing, to acquire new properties. This helps create a “snow-ball” effect of rising income over time.

Federal Realty primarily owns shopping centers. However, it also operates in redevelopment of multi-purpose properties including retail, apartments, and condominiums. The portfolio is highly diversified in terms of tenant base.

Federal Realty Investment Trust (FRT) released its third-quarter earnings report for 2023 on November 2. The report highlighted a significant decrease in net income for common shareholders, which fell from $1.89 per diluted share in Q3 2022 to $0.67 in Q3 2023. However, the company’s Funds from Operations (FFO) per diluted share showed an increase, rising from $1.59 in Q3 2022 to $1.65 in Q3 2023.

Click here to download our most recent Sure Analysis report on Federal Realty (preview of page 1 of 3 shown below):

High Yield Dividend King #8: Fortis (FTS)

Fortis is Canada’s largest investor-owned utility business with operations in Canada, the United States, and the Caribbean. Fortis is virtually 100% regulated with ~82% regulated electric and ~17% regulated gas. As well, ~64% of its assets are in the U.S., ~33% in Canada, and ~3% in the Caribbean.

Fortis reported Q4 and full-year 2023 results on 02/09/24. For the quarter, it reported adjusted net earnings of CAD$381 million, up 3% versus Q4 2022, while adjusted earnings-per-share (EPS) was flat at CAD$0.72. The full year results provide a bigger picture. In this period, the adjusted net earnings climbed 13% to CAD$1.5 billion, while adjusted EPS rose 11% to CAD$3.09.

Click here to download our most recent Sure Analysis report on FTS (preview of page 1 of 3 shown below):

High Yield Dividend King #7: Black Hills Corporation (BKH)

Black Hills Corporation is an electric utility that provides electricity and natural gas to customers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming.

The company has 1.33 million utility customers in eight states. Its natural gas assets include 47,000 miles of natural gas lines. Separately, it has ~9,000 miles of electric lines and 1.4 gigawatts of electric generation capacity.

Source: Investor Presentation

Black Hills Corporation reported its third quarter earnings results on November 1. The company generated revenues of $240 million during the quarter, which was 8% less than the revenues that Black Hills Corporation was able to generate during the previous year’s quarter. The ~$20 million decline in the company’s revenues went hand in hand with a decline in the company’s fuel and purchased power costs.

Black Hills Corporation generated earnings-per-share of $0.67 during the third quarter, which was easily above the consensus analyst estimate. Earnings-per-share were up by 24% versus the previous year’s quarter.

Click here to download our most recent Sure Analysis report on BKH (preview of page 1 of 3 shown below):

High Yield Dividend King #6: Northwest Natural Holding Co. (NWN)

NW Natural was founded in 1859 and has grown from just a handful of customers to serving more than 760,000 today. The utility’s mission is to deliver natural gas to its customers in the Pacific Northwest and it has done that well, affording it the ability to raise its dividend for 66 consecutive years.

Source: Investor Presentation

On November 3, 2023, Northwest Natural Holding Company reported its financial results for the third quarter of 2023. The company experienced a net loss of $23.7 million, or $0.65 per share, in Q3 2023, compared to a net loss of $19.6 million, or $0.56 per share, in the same period in 2022. This loss reflects the seasonal nature of the company’s gas utility earnings, which typically generate the majority of revenues during the winter heating season.

Click here to download our most recent Sure Analysis report on NWN (preview of page 1 of 3 shown below):

High Yield Dividend King #5: Canadian Utilities (CDUAF)

Canadian Utilities is an $8 billion company with approximately 5,000 employees. ATCO owns 53% of Canadian Utilities. Based in Alberta, Canadian Utilities is a diversified global energy infrastructure corporation delivering solutions in Electricity, Pipelines & Liquid, and Retail Energy.

On October 26th, 2023, Canadian Utilities reported its Q3 results for the period ending September 30th, 2023. Revenues for the quarter amounted to $597.8 million, 9.6% lower year-over-year (in constant currency), while adjusted earnings-per-share came in at $0.24, about 29% lower year-over-year.

Click here to download our most recent Sure Analysis report on CDUAF (preview of page 1 of 3 shown below):

High Yield Dividend King #4: Universal Corporation (UVV)

Universal Corporation is a tobacco stock. It is the world’s largest leaf tobacco exporter and importer. The company is the wholesale purchaser and processor of tobacco that operates as an intermediary between tobacco farms and the companies that manufacture cigarettes, pipe tobacco, and cigars.

Universal is attempting a transition to a producer of fruits, vegetables, and ingredients which the company hopes will diversify its business and provide renewed growth. Universal acquired FruitSmart, an independent specialty fruit and vegetable ingredient processor. FruitSmart supplies juices, concentrates, blends, purees, fibers, seed and seed powders, and other products to food, beverage and flavor companies around the world.

It also acquired Silva International, a privately-held dehydrated vegetable, fruit, and herb processing company. Silva procures over 60 types of dehydrated vegetables, fruits, and herbs from over 20 countries.

Click here to download our most recent Sure Analysis report on Universal (preview of page 1 of 3 shown below):

High Yield Dividend King #3: 3M Company (MMM)

3M is an industrial manufacturer that sells more than 60,000 products used daily in homes, hospitals, office buildings, and schools worldwide. It has about 95,000 employees and serves customers in more than 200 countries.

On January 23rd, 2024, 3M announced fourth quarter and full year earnings results for the period ending December 31st, 2023. For the quarter, revenue decreased 0.3% to $7.69 billion, which missed estimates by $30 million. Adjusted earnings-per-share of $2.42 compared to $2.28 in the prior year and was $0.11 more than expected.

For 2023, revenue was lower by 4.5% to $32.7 billion while adjusted earnings-per-share of $9.24 compared to $10.10 in the prior year. However, comparable adjusted earnings-per-share totaled $9.88 in 2023.

Click here to download our most recent Sure Analysis report on 3M Company (preview of page 1 of 3 shown below):

High Yield Dividend King #2: Leggett & Platt (LEG)

Leggett & Platt is an engineered products manufacturer. The company’s products include furniture, bedding components, store fixtures, die castings, and industrial products. Leggett & Platt has 14 business units and more than 20,000 employees.

Leggett & Platt reported its third quarter earnings results on October 30. The company reported revenues of $1.18 billion for the quarter, which represents a 9% decline compared to the prior year’s quarter. Revenues were slightly lower than the consensus estimate. The company’s revenue performance was comparable to the one recorded during the previous quarter, when Leggett & Platt had recorded a relatively similar revenue decline.

Leggett & Platt generated earnings-per-share of $0.36 during the third quarter, which was weaker than the company’s earnings-per-share during the previous quarter, when Leggett & Platt had earned $0.38 per share.

Click here to download our most recent Sure Analysis report on Leggett & Platt (preview of page 1 of 3 shown below):

High Yield Dividend King #1: Altria Group (MO)

Altria Group was founded by Philip Morris in 1847 and today has grown into a consumer staples giant. While it is primarily known for its tobacco products, it is significantly involved in the beer business due to its 10% stake in global beer giant Anheuser-Busch InBev.

Related: The Best Tobacco Stocks Now, Ranked In Order

The Marlboro brand holds over 42% retail market share in the U.S.

On October 26, 2023, Altria Group, Inc. (MO) disclosed its financial results for the third quarter and nine months of 2023, narrowing its full-year earnings guidance. The reported net revenues for Q3 2023 stood at $6.281 billion, marking a 4.1% decrease compared to the same period in the previous year.

The revenues net of excise taxes amounted to $5.277 billion, a 2.5% decline. The reported diluted earnings per share (EPS) for the quarter were $1.22, while the adjusted diluted EPS was $1.28, meeting the earnings expectations.

Click here to download our most recent Sure Analysis report on Altria (preview of page 1 of 3 shown below):

Final Thoughts

High yield dividend stocks have obvious appeal to income investors. The S&P 500 Index yields just ~1.6% right now on average, making high yield stocks even more attractive by comparison.

Of course, investors should always do their research before buying individual stocks.

That said, the 20 stocks in this list have yields at least double the S&P 500 Index average, going all the way up to 9%. And, each of these stocks has increased their dividends for 50 consecutive years. They are all part of the exclusive Dividend Kings list.

As a result, income investors may find these 20 dividend stocks attractive.

Further Reading

If you are interested in finding high-quality dividend growth stocks and/or other high-yield securities and income securities, the following Sure Dividend resources will be useful:

High-Yield Individual Security Research

Other Sure Dividend Resources

Thanks for reading this article. Please send any feedback, corrections, or questions to support@suredividend.com.



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