2022 High Dividend Stocks List | Highest Yields Up To 18.5%

Updated on May 5th, 2022 by Bob Ciura

Spreadsheet data updated daily

What are high dividend stocks?

They are stocks that pay out a dividend significantly in excess of market average dividends. The S&P 500 currently has a dividend yield of just 1.4%.

The high dividend stocks in this article all have dividend yields of 5% or more.

High-yield stocks can be very helpful to shore up income after retirement. A $120,000 investment in stocks with an average dividend yield of 5% creates an average of $500 a month in dividends.

We have created a spreadsheet of stocks (and closely related REITs and MLPs, etc.) with dividend yields of 5% or more…

You can download your free full list of all securities with 5%+ yields (along with important financial metrics such as dividend yield and payout ratio) by clicking on the link below:

Click here to download your free spreadsheet of all high dividend stocks now.

Not all high-yield stocks make equally good investments…

This article examines the 7 highest yielding securities in the Sure Analysis Research Database with Dividend Risk Scores of C or better, with a minimum yield of 5%.

Notes: We update this article near the beginning of each month so be sure to bookmark this page for next month. The spreadsheet uses the Wilshire 5000 as the universe of securities from which to select, plus a few additional securities we screen for 5%+ dividend yields.

With yields of 5% and greater, these securities all offer high dividends (or distributions). And with Dividend Risk Scores of C or better, they don’t suffer from the usual excessive riskiness of truly high-yielding securities.

In other words, these are relatively safe, high dividend stocks for you to consider adding to your retirement or pre-retirement income portfolio.

All high dividend stocks in this list have dividend yields above 5%, making them very appealing in an environment of low interest rates.

Separately, a maximum of three stocks were allowed for any single market sector to ensure diversification.

The 7 high dividend stocks with Dividend Risk scores of C or better are listed in order by dividend yield, from lowest to highest.

High Dividend Stock #7: AT&T Inc. (T)
High Dividend Stock #6: Universal Health Realty (UHT)
High Dividend Stock #5: Altria Group (MO)
High Dividend Stock #4: British American Tobacco plc (BTI)
High Dividend Stock #3: Sunoco LP (SUN)
High Dividend Stock #2: Magellan Midstream Partners LP (MMP)
High Dividend Stock #1: MPLX LP (MPLX)
The High Dividend 50

High Dividend Stock #7: AT&T (T)

Dividend Yield: 5.4%
Dividend Risk Score: B

AT&T is a large telecommunications company serving over 100 million customers. The company generated $169 billion in revenue in 2021. On April 8th, 2022, AT&T completed to the spin-off of WarnerMedia to form the new company Warner Bros. Discover (WBD). AT&T shareholders received 0.241917 shares of WBD for every 1 share of AT&T they held.

On April 21st, 2022, AT&T reported Q1 2022 results for the period ending March 31st, 2022. For the quarter the company generated $38.1 billion in revenue, down -13.3% from $43.9 billion in Q1 2021, reflecting divested businesses (mainly U.S. Video in Q3 2021 and Vrio in Q4 2021), along with lower Business Wireline revenues. On an adjusted basis earningsper-share equaled $0.77 compared to $0.85 in the year ago quarter.

AT&T’s net debt-to-EBITDA ratio was 3.42x, up from 3.22x at the end of the year. AT&T provided new 2022 and 2023 guidance, anticipating $2.42 to $2.46 in adjusted EPS for this year and adjusted EPS of $2.50 to $2.60 for next year.

Source: Investor Presentation

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

High Dividend Stock #6: Universal Health Realty (UHT)

Dividend Yield: 5.7%
Dividend Risk Score: B

Universal Health Realty Income Trust operates as a real estate investment trust (REIT), specializing in the healthcare sector. The trust owns healthcare and human service-related facilities. Its property portfolio includes acute care hospitals, medical office buildings, rehabilitation hospitals, behavioral healthcare facilities, sub-acute care facilities and childcare centers. Universal Health’s portfolio consists of 69 properties in 20 states.

On April 25th, 2022 Universal Health released Q1 results. Net income decreased to $0.39 from $0.41 in the year-ago period. Funds from operations stood at $0.90, down from $0.92 in the year-ago period primarily due to the decrease in net income and decrease in depreciation and amortization expense.

Meanwhile, UHT declared $275.1 million of outstanding borrowings pursuant to the terms of its credit agreement, and had $96.7 million of available borrowings, net outstanding borrowings and letters of credit outstanding on March 31, 2022. Revenue increased 7.1% to $22.18 million.

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

High Dividend Stock #5: Altria Group (MO)

Dividend Yield: 6.4%
Dividend Risk Score: B

Altria Group was founded by Philip Morris in 1847. Today, it is a consumer staples giant. It sells the Marlboro cigarette brand in the U.S. and a number of other non-smokeable brands, including Skoal and Copenhagen.

The flagship brand continues to be Marlboro, which commands over 40% retail market share in the U.S.

Source: Investor Presentation

Altria also has a 10% ownership stake in global beer giant Anheuser-Busch InBev, in addition to large stakes in Juul, a vaping products manufacturer and distributor, as well as cannabis company Cronos Group (CRON).

On 04/28/22, Altria reported first quarter FY22 results. Adjusted diluted earnings-per-share increased 4.7% to $1.12 year-over-year. Net revenue stood at $5.9 billion, down by 2.4% mainly caused by the sale of the wine business in October 2021. Reported diluted earnings per share stood at $1.08, up by 40.3% year-over-year. Revenue decreased 1.2% to $4.82 billion year-over-year.

Meanwhile, Altria reported approximately $1.2 billion remaining under the company’s existing $3.5 billion share repurchase program which is expected to complete by December 31, 2022. The company also reaffirmed full-year 2022 adjusted diluted earnings-per-share guidance of $4.79-$4.93.

Altria has increased its dividend for over 50 years, placing it on the exclusive Dividend Kings list. It is also a Dividend Champion.

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

High Dividend Stock #4: British American Tobacco plc (BTI)

Dividend Yield: 7.0%
Dividend Risk Score: C

British American Tobacco is one of the world’s largest tobacco stocks. British American Tobacco owns many tobacco brands, including Kool, Benson & Hedges, Dunhill, Kent, and Lucky Strike.

British American Tobacco announced its fourth quarter and full year 2021 results on February 11. Revenue grew 6.9% versus the previous year’s period on an adjusted basis. This was, to a large extent, driven by strong growth for the New Categories business (these are reduced-risk products such as non-combustible tobacco), which saw revenues rise 51% year over year.

British American Tobacco generated adjusted EPS of US$4.46. EPS rose 6.6% year over year at constant currency rates, but when translated to USD profits were down slightly compared to 2021 due to forex rate movements.

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

High Dividend Stock #3: Sunoco LP (SUN)

Dividend Yield: 7.4%
Dividend Risk Score: B

Sunoco is a Master Limited Partnership that distributes fuel products through its wholesale and retail business units. The wholesale unit purchases fuel products from refiners and sells those products to both its own and independently-owned dealers.

The retail unit operates stores where fuel products as well as other products such as convenience products and food are sold to customers.

Source: Investor Presentation

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

High Dividend Stock #2: Magellan Midstream Partners LP (MMP)

Dividend Yield: 8.1%
Dividend Risk Score: C

Magellan Midstream Partners is a Master Limited Partnership, or MLP. Magellan has the longest pipeline system of refined products, which is linked to nearly half of the total U.S. refining capacity.

This segment generates ~65% of its total operating income while the transportation and storage of crude oil generates ~35% of its operating income. MMP has a fee-based model; only ~10% of its operating income depends on commodity prices.

MMP has a long history of steady distributions:

Source: Investor Presentation

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

High Dividend Stock #1: MPLX LP (MPLX)

Dividend Yield: 8.3%
Dividend Risk Score: C

MPLX, LP is a Master Limited Partnership that was formed by the Marathon Petroleum Corporation (MPC) in 2012.

The business operates in two segments: Logistics and Storage – which relates to crude oil and refined petroleum products – and Gathering and Processing – which relates to natural gas and natural gas liquids (NGLs). In 2019, MPLX acquired Andeavor Logistics LP.

You can see highlights of the company’s first-quarter report in the image below:

Source: Investor Presentation

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

The High Dividend 50

You can see analysis on the 50 highest-yielding stocks below, excluding international securities, royalty trusts, REITs, and MLPs.

The High Dividend 50 are listed in order of their dividend yields as of March 14th, 2022. The newest Sure Analysis Research Database report for each security is included as well.

Final Thoughts

The 7 high dividend stocks analyzed above all have dividend yields of 5% or higher. And importantly, these securities generally have better risk profiles than the average high-yield security.

That said, a dividend is never guaranteed, and high dividend stocks are potentially at risk of dividend reductions or suspensions if a recession occurs in the near future.

Investors should continue to monitor each stock to make sure their fundamentals and growth remain on track, particularly among stocks with extremely high dividend yields.

Additionally, the following Sure Dividend databases contain the most reliable dividend stocks in our investment universe:

The Dividend Contenders List: 10-24 consecutive years of dividend increases.
The Dividend Challengers List: 5-9 consecutive years of dividend increases.
The Dividend Aristocrats List: S&P 500 stocks with 25+ years of dividend increases.
The Highest-Yielding Dividend Aristocrats: The top 20 Dividend Aristocrats with the highest current yields.
The Dividend Achievers: dividend stocks with 10+ years of consecutive dividend increases.
The Dividend Kings: considered to be the ultimate dividend growth stocks, the Dividend Kings list is comprised of stocks with 50+ years of consecutive dividend increases.
The Highest-Yielding Dividend Kings: The top 20 Dividend Kings with the highest current yields.
The Complete List of Monthly Dividend Stocks: stocks that pay dividends each month, for 12 payments over the year.
The Highest-Yielding Monthly Dividend Stocks: the 20 monthly dividend stocks with the highest current yields.
The Blue Chip Stocks List: this database contains stocks that qualify as either Dividend Achievers, Dividend Aristocrats, or Dividend Kings.

You can download the free spreadsheet below for more high-yield investment ideas.

Click here to download your spreadsheet of all high dividend stocks now.

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2022 High Dividend Stocks List | Highest Yields Up To 18.5%