If you are looking for the highest-yielding dividend stocks, this report will help you decide if they are worth buying.
Dividend stocks form a great addition to one’s portfolio. Good dividends or steady-income stocks, as they are often called, provide income every quarter and allow investors to build a consistent stream of cash flows. Over the last 8 years, the S&P 500 total return owes over 40% appreciation to dividend earnings.
As an income investor, both capital appreciation and retirement benefits that come with dividend stocks are hard to miss. Investment baron Richard Russell has had an interesting take on dividend stocks, and the charm has still not wavered.
A stock dividend is something tangible — it’s not an earnings projection; it’s something solid, in hand. A stock dividend is a true return on the investment. Everything else is hope and speculation. Richard Russell
How to Find Great High Dividend Stocks?
Not all stocks or companies are created equally. As an income investor, you want the highest possible yield, but you also want a company with a good track record of payouts and profits that enable them to pay dividends in the future.
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Important High Dividend Criteria
Dividend Yield – This is the expected dividend per share divided by the current price per share. As you can imagine, the dividend yield you get depends on what price you purchased the stock for.
Dividend Payout Ratio – We calculate the payout ratio by dividing the total dividends paid by the Net Income. A payout ratio above 100% would indicate that a company cannot continue paying dividends at this level because they are not earning enough profit to cover the dividend payment. It is generally a good rule of thumb to go for companies with a payout ratio under 100%. The lower the payout ratio, the better.
Market Capitalization – when looking to invest long-term in a company, it is usually worth selecting a minimum company size. Capitalization is the value of all outstanding stock multiplied by the stock price. In this table, we selected $1 billion as the minimum size of company we want to invest in.
Consecutive Dividend Growth Years – This is the number of years in a row the company has increased its dividend per share.
Note: Liberated Stock Trader is in no way affiliated, paid by, or owns any stock in any of the companies mentioned in this report. This is an unbiased research report.
[Related Article: The Best Stock Screeners To Find Dividend & Value Stocks]
Highest Dividend Paying Stocks List 2021
| Ticker | Company | Industry | Dividend Yield | Payout Ratio | Consecutive Dividend Growth Years |
| FRO | Frontline | Oil & Gas Midstream | 29.50% | 73.30% | 1 |
| EURN | Euronav | Oil & Gas Midstream | 19.10% | 48.90% | 1 |
| EPD | Enterprise Prods Partners | Oil & Gas Midstream | 8.40% | 86.20% | 10+ |
| ABR | Arbor Realty Trust | REIT – Mortgage | 7.90% | 86.60% | 8 |
| TSLX | Sixth Street Specialty | Asset Management | 7.50% | 62.40% | 1 |
| TGP | Teekay LNG Partners | Oil & Gas Midstream | 7.40% | 79.30% | 2 |
| TRP | TC Energy | Oil & Gas Midstream | 6.50% | 68.40% | 10+ |
| APAM | Artisan Partners Asset | Asset Management | 6.50% | 83.80% | 1 |
| PPL | PPL | Utilities – Regulated Electric | 6.30% | 86.50% | 9 |
| AKO.A | Embotelladora Andina | Beverages – Non-Alcoholic | 6.30% | 55.90% | 1 |
| ORAN | Orange | Telecom Services | 6.10% | 51.00% | 0 |
| RIO | Rio Tinto | Other Industrial Metals & Mining | 5.30% | 86.10% | 4 |
| CM | Canadian Imperial Bank | Banks – Diversified | 5.10% | 63.80% | 9 |
| LFC | China Life Insurance Co | Insurance – Life | 4.90% | 40.60% | 1 |
| SJI | South Jersey Indus | Utilities – Diversified | 4.80% | 84.90% | 10+ |
| PNW | Pinnacle West Capital | Utilities – Regulated Electric | 4.80% | 65.00% | 9 |
| ED | Consolidated Edison | Utilities – Regulated Electric | 4.70% | 77.30% | 10+ |
| TIMB | TIM | Telecom Services | 4.70% | 34.80% | 2 |
| VZ | Verizon Communications | Telecom Services | 4.50% | 55.90% | 10+ |
| SO | Southern | Utilities – Regulated Electric | 4.50% | 86.10% | 10+ |
| ETR | Entergy | Utilities – Diversified | 4.40% | 53.80% | 6 |
| ORI | Old Republic Intl | Insurance – Diversified | 4.40% | 76.90% | 10+ |
| MCY | Mercury General | Insurance – Property & Casualty | 4.30% | 37.30% | 10+ |
| BEN | Franklin Resources | Asset Management | 4.30% | 69.90% | 10+ |
| MC | Moelis & Co | Capital Markets | 4.30% | 45.20% | 0 |
| NWE | NorthWestern | Utilities – Diversified | 4.20% | 78.20% | 10+ |
| AVA | Avista | Utilities – Diversified | 4.20% | 88.70% | 10+ |
| ISBC | Investors Bancorp | Banks – Regional | 4.20% | 58.00% | 8 |
| TD | Toronto-Dominion Bank | Banks – Diversified | 4.20% | 48.40% | 10+ |
| RGR | Sturm Ruger & Co | Aerospace & Defense | 4.20% | 29.20% | 1 |
| FTS | Fortis | Utilities – Regulated Electric | 4.10% | 74.50% | 5 |
| GRP.U | Granite REIT | REIT – Industrial | 4.10% | 45.20% | 6 |
| ALE | ALLETE | Utilities – Diversified | 4.10% | 73.50% | 10+ |
| NEM | Newmont | Gold | 4.10% | 29.60% | 1 |
| WU | The Western Union | Credit Services | 4.10% | 49.70% | 6 |
| RY | Royal Bank of Canada | Banks – Diversified | 4.00% | 53.40% | 9 |
| NMR | Nomura Holdings | Capital Markets | 4.00% | 28.00% | 2 |
| BUSE | First Busey | Banks – Regional | 4.00% | 47.50% | 7 |
| AQN | Algonquin Power | Utilities – Renewable | 4.00% | 70.50% | 8 |
| PBCT | People’s United Finl | Banks – Regional | 4.00% | 61.60% | 10+ |
Table 1: All Dividend Paying Stocks on U.S. Exchanges worth over $1 billion in Market Capitalization This research is powered by Stock Rover, our review winning Stock & ETF Screener.
Highest Dividend Paying Stocks With 10 Years of Dividend Growth
| Ticker | Company | Industry | Dividend Yield | Payout Ratio | Consecutive Dividend Growth Years |
| EPD | Enterprise Prods Partners | Oil & Gas Midstream | 8.40% | 86.20% | 10 |
| TRP | TC Energy | Oil & Gas Midstream | 6.50% | 68.40% | 10 |
| SJI | South Jersey Indus | Utilities – Diversified | 4.80% | 84.90% | 10 |
| ED | Consolidated Edison | Utilities – Regulated Electric | 4.70% | 77.30% | 10 |
| VZ | Verizon Communications | Telecom Services | 4.50% | 55.90% | 10 |
| SO | Southern | Utilities – Regulated Electric | 4.50% | 86.10% | 10 |
| ORI | Old Republic Intl | Insurance – Diversified | 4.40% | 76.90% | 10 |
| MCY | Mercury General | Insurance – Property & Casualty | 4.30% | 37.30% | 10 |
| BEN | Franklin Resources | Asset Management | 4.30% | 69.90% | 10 |
| NWE | NorthWestern | Utilities – Diversified | 4.20% | 78.20% | 10 |
| AVA | Avista | Utilities – Diversified | 4.20% | 88.70% | 10 |
| TD | Toronto-Dominion Bank | Banks – Diversified | 4.20% | 48.40% | 10 |
| ALE | ALLETE | Utilities – Diversified | 4.10% | 73.50% | 10 |
| PBCT | People’s United Finl | Banks – Regional | 4.00% | 61.60% | 10 |
Table 2: All Dividend Paying Stocks on U.S. Exchanges worth over $1 billion in Market Capitalization With 10 Consecutive Years of Raising Thier Dividend Per Share Payments. This research is powered by Stock Rover.
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Highest Dividend Paying Bank Stocks 2021
| Ticker | Company | Industry | Dividend Yield | Payout Ratio | Consecutive Dividend Growth Years |
| TD | Toronto-Dominion Bank | Banks – Diversified | 4.20% | 48.40% | 10 |
| CM | Canadian Imperial Bank | Banks – Diversified | 5.10% | 63.80% | 9 |
| RY | Royal Bank of Canada | Banks – Diversified | 4.00% | 53.40% | 9 |
| PBCT | People’s United Finl | Banks – Regional | 4.00% | 61.60% | 10 |
| ISBC | Investors Bancorp | Banks – Regional | 4.20% | 58.00% | 8 |
| BUSE | First Busey | Banks – Regional | 4.00% | 47.50% | 7 |
Highest Dividend Paying Utility Stocks 2021
| Ticker | Company | Industry | Dividend Yield | Payout Ratio | Consecutive Dividend Growth Years |
| SJI | South Jersey Indus | Utilities – Diversified | 4.80% | 84.90% | 10 |
| NWE | NorthWestern | Utilities – Diversified | 4.20% | 78.20% | 10 |
| AVA | Avista | Utilities – Diversified | 4.20% | 88.70% | 10 |
| ALE | ALLETE | Utilities – Diversified | 4.10% | 73.50% | 10 |
| ETR | Entergy | Utilities – Diversified | 4.40% | 53.80% | 6 |
| ED | Consolidated Edison | Utilities – Regulated Electric | 4.70% | 77.30% | 10 |
| SO | Southern | Utilities – Regulated Electric | 4.50% | 86.10% | 10 |
| PPL | PPL | Utilities – Regulated Electric | 6.30% | 86.50% | 9 |
| PNW | Pinnacle West Capital | Utilities – Regulated Electric | 4.80% | 65.00% | 9 |
| FTS | Fortis | Utilities – Regulated Electric | 4.10% | 74.50% | 5 |
| AQN | Algonquin Power | Utilities – Renewable | 4.00% | 70.50% | 8 |
Learn more about dividend investing and read out expert tips on dividend strategies.
If you are looking for alternative dividend stocks, check out our Best Real Estate Investment Trusts Paying Monthly Dividends or our Top Monthly Dividend Stocks.
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