The Highest Dividend Paying Stocks for 2021

We List the Highest Dividend Paying Stocks Of Companies With A Market Cap > $1 Billion, A Dividend Payout Ratio < 100% & Years of Dividend Growth

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

Highest Dividend Paying Stocks
Highest Dividend Paying Stocks

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

TickerCompanyIndustryDividend YieldPayout RatioConsecutive Dividend Growth Years
FROFrontlineOil & Gas Midstream29.50%73.30%1
EURNEuronavOil & Gas Midstream19.10%48.90%1
EPDEnterprise Prods PartnersOil & Gas Midstream8.40%86.20%10+
ABRArbor Realty TrustREIT – Mortgage7.90%86.60%8
TSLXSixth Street SpecialtyAsset Management7.50%62.40%1
TGPTeekay LNG PartnersOil & Gas Midstream7.40%79.30%2
TRPTC EnergyOil & Gas Midstream6.50%68.40%10+
APAMArtisan Partners AssetAsset Management6.50%83.80%1
PPLPPLUtilities – Regulated Electric6.30%86.50%9
AKO.AEmbotelladora AndinaBeverages – Non-Alcoholic6.30%55.90%1
ORANOrangeTelecom Services6.10%51.00%0
RIORio TintoOther Industrial Metals & Mining5.30%86.10%4
CMCanadian Imperial BankBanks – Diversified5.10%63.80%9
LFCChina Life Insurance CoInsurance – Life4.90%40.60%1
SJISouth Jersey IndusUtilities – Diversified4.80%84.90%10+
PNWPinnacle West CapitalUtilities – Regulated Electric4.80%65.00%9
EDConsolidated EdisonUtilities – Regulated Electric4.70%77.30%10+
TIMBTIMTelecom Services4.70%34.80%2
VZVerizon CommunicationsTelecom Services4.50%55.90%10+
SOSouthernUtilities – Regulated Electric4.50%86.10%10+
ETREntergyUtilities – Diversified4.40%53.80%6
ORIOld Republic IntlInsurance – Diversified4.40%76.90%10+
MCYMercury GeneralInsurance – Property & Casualty4.30%37.30%10+
BENFranklin ResourcesAsset Management4.30%69.90%10+
MCMoelis & CoCapital Markets4.30%45.20%0
NWENorthWesternUtilities – Diversified4.20%78.20%10+
AVAAvistaUtilities – Diversified4.20%88.70%10+
ISBCInvestors BancorpBanks – Regional4.20%58.00%8
TDToronto-Dominion BankBanks – Diversified4.20%48.40%10+
RGRSturm Ruger & CoAerospace & Defense4.20%29.20%1
FTSFortisUtilities – Regulated Electric4.10%74.50%5
GRP.UGranite REITREIT – Industrial4.10%45.20%6
ALEALLETEUtilities – Diversified4.10%73.50%10+
NEMNewmontGold4.10%29.60%1
WUThe Western UnionCredit Services4.10%49.70%6
RYRoyal Bank of CanadaBanks – Diversified4.00%53.40%9
NMRNomura HoldingsCapital Markets4.00%28.00%2
BUSEFirst BuseyBanks – Regional4.00%47.50%7
AQNAlgonquin PowerUtilities – Renewable4.00%70.50%8
PBCTPeople’s United FinlBanks – Regional4.00%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

TickerCompanyIndustryDividend YieldPayout RatioConsecutive Dividend Growth Years
EPDEnterprise Prods PartnersOil & Gas Midstream8.40%86.20%10
TRPTC EnergyOil & Gas Midstream6.50%68.40%10
SJISouth Jersey IndusUtilities – Diversified4.80%84.90%10
EDConsolidated EdisonUtilities – Regulated Electric4.70%77.30%10
VZVerizon CommunicationsTelecom Services4.50%55.90%10
SOSouthernUtilities – Regulated Electric4.50%86.10%10
ORIOld Republic IntlInsurance – Diversified4.40%76.90%10
MCYMercury GeneralInsurance – Property & Casualty4.30%37.30%10
BENFranklin ResourcesAsset Management4.30%69.90%10
NWENorthWesternUtilities – Diversified4.20%78.20%10
AVAAvistaUtilities – Diversified4.20%88.70%10
TDToronto-Dominion BankBanks – Diversified4.20%48.40%10
ALEALLETEUtilities – Diversified4.10%73.50%10
PBCTPeople’s United FinlBanks – Regional4.00%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

TickerCompanyIndustryDividend YieldPayout RatioConsecutive Dividend Growth Years
TDToronto-Dominion BankBanks – Diversified4.20%48.40%10
CMCanadian Imperial BankBanks – Diversified5.10%63.80%9
RYRoyal Bank of CanadaBanks – Diversified4.00%53.40%9
PBCTPeople’s United FinlBanks – Regional4.00%61.60%10
ISBCInvestors BancorpBanks – Regional4.20%58.00%8
BUSEFirst BuseyBanks – Regional4.00%47.50%7

 

Highest Dividend Paying Utility Stocks 2021

TickerCompanyIndustryDividend YieldPayout RatioConsecutive Dividend Growth Years
SJISouth Jersey IndusUtilities – Diversified4.80%84.90%10
NWENorthWesternUtilities – Diversified4.20%78.20%10
AVAAvistaUtilities – Diversified4.20%88.70%10
ALEALLETEUtilities – Diversified4.10%73.50%10
ETREntergyUtilities – Diversified4.40%53.80%6
EDConsolidated EdisonUtilities – Regulated Electric4.70%77.30%10
SOSouthernUtilities – Regulated Electric4.50%86.10%10
PPLPPLUtilities – Regulated Electric6.30%86.50%9
PNWPinnacle West CapitalUtilities – Regulated Electric4.80%65.00%9
FTSFortisUtilities – Regulated Electric4.10%74.50%5
AQNAlgonquin PowerUtilities – Renewable4.00%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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