With another Fed rate cut around the corner and bond yields crumbling, getting a consistent dividend increase isn’t enough of an allure if you aren’t getting a good yield on your money.
What income investors need to uncover are companies with an outstanding track record of increasing dividends each year — and that also pay a very attractive yield.
It’s this elite group of companies that income investors want to look at first when trying to find the best high-yield income stocks to own.
Fortunately, we’ve done the heavy lifting for you.
We’ve found 5 of the highest yielding stocks that also have increased their dividends each year for multiple years.
Here are 5 dividend stocks to consider buying now.
In the last year we’ve seen tariff wars, tech stock meltdowns and oil prices impact stock prices, while utilities have quietly been a safe place to park your money. Dominion Resources (NYSE: D) is a leader in this sector returning income investor’s with a generous 4.9% annual yield while the stock has gained 10% year-to-date. In late February, the company increased the green kind of paper it pays to shareholders by upping its quarterly dividend 10% to 91.25 cents per share form 83.5 cents. The recent dividend hike is the third such payout increase in the past two years. If you’re looking for a safety-first dividend stock, Dominion should be on your list
Mega-cap financial and insurance giant Prudential Financial (NYSE: PRU), is not the first name you think of when it comes rich dividend payments. PRU’s yield has crept up to a very respectable 4.05% as its current annualized dividend of $4 is up 11.1% from last year. Quietly the company has increased its dividend 5 times on a year-to-year basis over the last 5 years resulting in annual dividend increase of over 13%. We like PRU as both a good long-term investment and a consistent dividend play for hungry income investors.
Food giant General Mills (NYSE: GIS) stock has really been on a tear of late as shares of GIS are up 33% this year. Best known for its cereal, snacks, yogurt with brands like Cheerios, Betty Crocker and Pillsbury, GIS stock has rewarded growth investor’s over the last year with solid earnings performance. But in this uncertain investing environment, GIS is a good place for income investors to consider parking their cash … a 4.1% annual yield combined with consistent earnings growth.
Energy stock bellwether Exxon (NYSE: XOM) isn’t known for being a dividend diva, but the company does make a solid quarterly payment. In fact, the energy giant recently upped its payout for the second time in six months. Exxon processed a new quarterly dividend of 87 cents per share, a 6% increase from the previous payout. The new dividend began in the second quarter with XOM shares are up over 11% this year despite recent collapse in oil prices.
Perennial dividend stalwart Coca-Cola (NYSE: KO) also has been a consistent winner this year, providing a 10.1% fizz in the shares over the past three months. The annual yield on KO shares now is a solid 3.2%, which actually makes it a little lower than the other four stocks on our list. Still, as the brand continues to dominate the cola world, and KO consistently knocks out both its competition, as well as the broad-based measure of the domestic market.
My Weekly Options Income Strategy Is So Effective, 93% of Investors Who Use It Make Money. This Special Report will teach you how to instantly add CASH to your account every week, every month and every quarter and NEVER put your portfolio at risk. Get Your Free Copy Now.