2022 High Dividend Stocks List | Highest Yields Up To 17.0%

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2022 High Dividend Stocks List | Highest Yields Up To 17.0%


Updated on September 6th, 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:

 

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.

Table Of Contents

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. Finally, all the stocks are based in the United States.

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: Western Union (WU)

The Western Union Company is the world leader in the business of domestic and international money transfers. The company has a network of approximately 550,000 agents globally and operates in more than 200 countries. About 90% of agents are outside of the US. Western Union operates three business segments, Consumer-to-Consumer (C2C), Business Solutions, and Other (bill payments in the US and Argentina). Approximately 87% of revenue is now from C2C, 8% from Business Solutions and 5% from Other. The company had ~$5.1B in revenue in fiscal 2021.

Western Union reported poor Q2 2022 results on August 3rd, 2022. Company-wide revenue fell (-12%) to $1,138.3M from $1,289.7M and diluted GAAP earnings per share decreased (-7%) to $0.50 in the quarter compared to $0.54 in the prior year. Revenue declined because of lower revenue and volumes in North America, Europe, and Asia. The conflict in Ukraine is reducing business and Western Union closed its operations in Russia and Belarus.

Source: Investor Presentation

Despite lower revenue, operating margins trended higher softening the impact on the bottom line. C2C revenue declined (-9%) to $1,026.9M from $1,127.1M on a year-over-year basis due to lower transaction volumes. Digital Money Transfer C2C revenues decreased (-6%) and digital money transfer volume fell (-13%). Cross border transaction fell (-8%). Business Solutions revenue declined (-64%) to $35.7M from $99.3M. Other revenue increased 19% to $75.7M from $63.3M.

Western Union maintained adjusted earnings per share guidance to $1.75 – $1.85 in 2022 and now expects revenue to decline (-11%) to (-13%).

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

High Dividend Stock #6: Hanesbrands, Inc. (HBI)

Hanesbrands is a leading marketer of everyday basic innerwear and activewear apparel. It sells its products under well-known brands, including Hanes and Champion, in America, Europe, Australia and the Asia-Pacific region.

In mid-August, Hanesbrands reported (8/11/22) financial results for the second quarter of fiscal 2022. Sales decreased by 11% over last year’s quarter due to a ransomware attack and soft point-of-sale trends. Global Champion brand and the U.S. innerwear business incurred a decrease in sales of 20% and 12%, respectively. The company was also hurt by supply chain disruptions and high cost inflation. As a result, its adjusted earnings-per-share plunged -36%, from $0.47 to $0.28.

Due to the above headwinds, Hanesbrands lowered its guidance for 2022 drastically. It expects a -2% decline in revenue (vs. 4% growth previously) and adjusted earnings-per-share of $1.11-$1.23 (vs. $1.64-$1.81 previously).

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

High Dividend Stock #5: City Office REIT (CIO)

City Office REIT is an internally-managed real estate investment trust focused on owning, operating, and acquiring highquality office properties located in “18-hour cities” in the Southern and Western United States. Its target markets possess a number of attractive demographic and employment characteristics, which the trust believes will lead to capital appreciation and growth in rental income at its properties.

Source: Investor Presentation

On August 4th, CIO reported quarterly revenue of $45.5 million, which beat by $1 million and represented a 14% year-over-year increase. Core FFO of $0.40 beat by a penny. Adjusted FFO came to $0.18 per share. Same-store cash NOI declined 7% for the quarter.

Following several acquisitions and dispositions last year, the company continues to expect almost no investment activity this year. Management also continues to expect FY2022 FFO/share between $1.54 and $1.57, the midpoint of which we have utilized in our estimates. It represents a 16% increase compared to last year.

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

High Dividend Stock #4: Magellan Midstream Partners LP (MMP)

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 ~9% of its operating income depends on commodity prices.

Source: Investor Presentation

In early August, MMP reported (7/28/22) financial results for the second quarter of fiscal 2022. Adjusted earnings-per-share of $1.94 beat analyst estimates by $0.95 per share. Revenue of $789 million for the quarter also beat, by $90 million, and rose 21% year-over-year. The company expects free cash flow of around $1.45 billion for 2022, and approximately $578 million of excess free cash flow after distributions.

The company has a positive growth outlook, due to its lineup of growth projects underway. The company invested has more than $500 million of potential growth projects under consideration. In addition, share repurchases may constitute another significant growth driver.

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

High Dividend Stock #3: Sunoco LP (SUN)

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.

Related: The Top 20 Highest Yielding MLPs Now

Source: Investor Presentation

Sunoco reported its second quarter earnings results on August 4th. Revenue of $7.82 billion rose 78% year-over-year, and beat analyst estimates by $2.19 billion. Earnings-per-share of $1.20 beat by $0.14 per share. The company reported adjusted EBITDA of $214 million and distributable cash flow of $159 million as adjusted. Sunoco maintained a quarterly distribution of 1.83x, with a quarter-end leverage ratio of 4.17x.

For 2022, Sunoco is forecasting EBITDA of around $795 million to $835 million, representing growth of around 10% versus 2021.

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

High Dividend Stock #2: Altria Group (MO)

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 7/28/22, Altria reported second quarter FY22 results. Revenue of $5.37 billion declined by 4% and missed estimates by $50 million. Adjusted earnings-per-share of $1.26 beat estimates by a penny.

The company also reaffirmed full-year 2022 adjusted diluted earnings-per-share guidance of $4.79-$4.93. The range represents 4%-7% growth for the full year.

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 #1: MPLX LP (MPLX)

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 second-quarter report in the image below:

Source: Investor Presentation

In early August, MPLX reported (8/2/22) financial results for the second quarter of fiscal 2022. Revenue of $2.94 billion rose 22% year-over-year and beat analyst estimates by $350 million. Meanwhile, earnings-per-share of $0.83 beat by a penny. Growth capital spending for 2022 is expected to come in at $700 million, while MPLX also declared an additional unit repurchase program of up to $1 billion.

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.

  1. Artisan Partners Asset Management (APAM) | [See newest Sure Analysis report]
  2. Lumen Technologies (LUMN) | [See newest Sure Analysis report]
  3. Antero Midstream (AM) | [See newest Sure Analysis report]
  4. Via Renewables (VIA) | [See newest Sure Analysis report]
  5. Vector Group (VGR) | [See newest Sure Analysis report]
  6. B&G Foods (BGS) | [See newest Sure Analysis report]
  7. Altria Group (MO) | [See newest Sure Analysis report]
  8. New York Community Bancorp (NYCB) | [See newest Sure Analysis report]
  9. ONEOK Inc. (OKE) | [See newest Sure Analysis report]
  10. Southern Copper Corporation (SCCO) | [See newest Sure Analysis report]
  11. Universal Corp. (UVV) | [See newest Sure Analysis report]
  12. Western Union (WU) | [See newest Sure Analysis report]
  13. Northwest Bancshares (NWBI) | [See newest Sure Analysis report]
  14. Philip Morris International (PM) | [See newest Sure Analysis report]
  15. Blackstone Group (BX) | [See newest Sure Analysis report]
  16. Xerox Holdings (XRX) | [See newest Sure Analysis report]
  17. International Business Machines (IBM) | [See newest Sure Analysis report]
  18. Foot Locker (FL) | [See newest Sure Analysis report]
  19. Gilead Sciences (GILD) | [See newest Sure Analysis report]
  20. M.D.C. Holdings (MDC) | [See newest Sure Analysis report]
  21. Viatris Inc. (VTRS) | [See newest Sure Analysis report]
  22. Verizon Communications (VZ) | [See newest Sure Analysis report]
  23. AT&T Inc. (T) | [See newest Sure Analysis report]
  24. Mercury General (MCY) | [See newest Sure Analysis report]
  25. Phillips 66 (PSX) | [See newest Sure Analysis report]
  26. Leggett & Platt (LEG) | [See newest Sure Analysis report]
  27. Pinnacle West Capital (PNW) | [See newest Sure Analysis report]
  28. Dow Inc. (DOW) | [See newest Sure Analysis report]
  29. PetMed Express (PETS) | [See newest Sure Analysis report]
  30. Cracker Barrel Old Country Store (CBRL) | [See newest Sure Analysis report]
  31. Prudential Financial (PRU) | [See newest Sure Analysis report]
  32. Unum Group (UNM) | [See newest Sure Analysis report]
  33. International Paper (IP) | [See newest Sure Analysis report]
  34. Edison International (EIX) | [See newest Sure Analysis report]
  35. Valero Energy (VLO) | [See newest Sure Analysis report]
  36. Franklin Resources (BEN) | [See newest Sure Analysis report]
  37. Gap, Inc. (GPS) | [See newest Sure Analysis report]
  38. Newell Brands (NWL) | [See newest Sure Analysis report]
  39. ExxonMobil Corporation (XOM) | [See newest Sure Analysis report]
  40. OGE Energy (OGE) | [See newest Sure Analysis report]
  41. Kraft-Heinz (KHC) | [See newest Sure Analysis report]
  42. H&R Block (HRB) | [See newest Sure Analysis report]
  43. Weyco Group (WEYS) | [See newest Sure Analysis report]
  44. Kontoor Brands (KTB) | [See newest Sure Analysis report]
  45. 3M Company (MMM) | [See newest Sure Analysis report]
  46. TrustCo Bank Corp. (TRST) | [See newest Sure Analysis report]
  47. Huntington Bancshares Inc. (HBAN) | [See newest Sure Analysis report]
  48. Spire Inc. (SR) | [See newest Sure Analysis report]
  49. United Bankshares Inc. (UBSI) | [See newest Sure Analysis report]
  50. Washington Trust Bancorp (WASH) | [See newest Sure Analysis report]

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:

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

 

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


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