Top 20 Highest Yielding Dividend Kings Now | Yields Up To 8.8%

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Top 20 Highest Yielding Dividend Kings Now | Yields Up To 8.8%

Updated on September 20th, 2022 by Bob Ciura

The Dividend Kings are the best-of-the-best in dividend longevity.

What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.

The downloadable Dividend Kings Spreadsheet List below contains the following for each stock in the index among other important investing metrics:

You can see the full downloadable spreadsheet of all 45 Dividend Kings (along with important financial metrics such as dividend yields, payout ratios, and price-to-earnings ratios) by clicking on the link below:

Click here to download my Dividend Kings Excel Spreadsheet now. Keep reading this article to learn more.

We typically rank stocks based on their five-year expected annual returns, as stated in the Sure Analysis Research Database.

But for investors primarily interested in income, it is also useful to rank the Dividend Kings according to their dividend yields.

This article will rank the 20 highest-yielding Dividend Kings today.

Table of Contents

High Yield Dividend King #20: Emerson Electric (EMR)

Computer Services provides regional banks with a wide range of services, such as core processing, digital banking, payments processing, and regulatory compliance solutions.

In early May, Computer Services reported (5/4/2022) financial results for the fourth quarter of fiscal 2022. The company grew its revenue by 7%, from $75.5 million to a nearly all-time high of $81.0 million, and its earnings-per-share by 24%, from $0.49 to $0.61, thanks to new accounts, continued demand for digital banking services and higher demand for payments processing and regulatory compliance.

Notably approximately 90% of the total revenues are generated from long-term contracts. Management expects to accelerate investments in the business in the new fiscal year.

Given also higher staffing levels and a return to pre-pandemic travel levels, management expects earnings growth to somewhat decelerate later this year. In September, Computer Services raised its dividend by 8.0%, which marked the 50th consecutive year of dividend growth.

Computer Services has grown its earnings-per-share at an 11.3% average annual rate over the last decade. The pandemic has not affected the performance of Computer Services at all. Thanks to sustained momentum in the core business and no signs of fatigue, we expect it to grow its earnings-per-share by 7.0% per year over the next five years.

The impressive growth record of Computer Services is a testament to the strength of its business model and the existence of a significant competitive advantage. The company signs multi-year contracts with its customers and offers them a wide range of services. It is very costly and inefficient for these customers to stop working with the
company, particularly given that they pay appreciable early termination fees.

As a result, Computer Services enjoys high renewal rates. In fact, when it loses a customer, the most frequent reason is that the bank has been acquired by another bank that is not a customer of Computer Services.

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

High Yield Dividend King #19: Target Corporation (TGT)

Target is a giant discount retailer. Its business consists of about 1,850 big box stores, which offer general merchandise and food, as well as serving as distribution points for the company’s burgeoning e-commerce business. Target should produce about $110 billion in total revenue this year.

Target released second quarter earnings on August 17th. Adjusted earnings-per-share came to 39 cents, which missed estimates badly, falling short by 33 cents. Revenue was $26 billion, up 3.5% year-over-year, and missed estimates by $30 million. Comparable sales were up 2.6% on top of 8.9% growth in the year-ago period, as the physical stores were +1.3%, and digital comparable sales were +9%. Strength came from food & beverage, as well as beauty, and household essentials.

Operating margins were just 1.2% of revenue, which reflected gross margin pressures that resulted from the company’s publicized inventory reduction effort, as well as higher freight and transportation costs. In addition, Target faced further margin pressure from higher compensation costs and headcount in distribution centers.

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

High Yield Dividend King #18: Procter & Gamble (PG)

Procter & Gamble is a consumer products giant that sells its products in over 180 countries. Notable brands include Pampers, Luvs, Tide, Gain, Bounty, Charmin, Puffs, Gillette, Head & Shoulders, Old Spice, Dawn, Febreze, Swiffer, Crest, Oral-B, Scope, Olay and many more. The company generated $76 billion in sales in fiscal 2021.

Procter & Gamble has paid a dividend for 131 years and has grown its dividend for 66 consecutive years – one of the longest active streaks of any company. On April 12th, 2022, Procter & Gamble raised its dividend by 5.0%, from $0.8698 per quarter to $0.9133.

Source: Investor Presentation

In late July, Procter & Gamble reported (7/29/22) financial results for the fourth quarter of fiscal 2022 (its fiscal year ends June 30th). The company grew its sales and its organic sales 3% and 7%, respectively, over the prior year’s quarter.

Organic sales growth resulted from 8% price hikes, which were partly offset by a -1% decrease in volumes. Despite the strong headwind from high cost inflation, which reduced gross margin by 370 basis points, adjusted earnings-per-share grew 7%. The firm sales amid strong price hikes are a testament to the strength of the brands of Procter & Gamble. The company expects 3%-5% growth of organic sales in fiscal 2023 and 0%-4% growth of earnings-per-share.

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

High Yield Dividend King #17: Illinois Tool Works (ITW)

Illinois Tool Works is a diversified multi-industrial manufacturer with seven unique operating segments: Automotive, Food Equipment, Test & Measurement, Welding, Polymers & Fluids, Construction Products and Specialty Products. Last year the company generated $14.5 billion in revenue. The company is geographically diversified, with more than half of its revenue generated outside of the United States.

On August 2nd, 2022, Illinois Tool Works reported second quarter 2022 results for the period ending June 30th, 2022. For the quarter, revenue came in at $4.0 billion, up 9% year-over-year. Sales were up 14% in the Automotive OEM segment, the largest out of the company’s seven segments. Five of the other segments saw sales growth above 20%, with the last segment being flat. Net income equaled $738 million or $2.37 per share compared to $775 million or $2.45 per share in Q2 2021.

Source: Investor Presentation

Illinois Tool Works also reiterated its 2022 earnings guidance and sees $9.00 to $9.40 in earnings-per-share for the full year. At the same time, the company reduced its revenue growth estimates to 6% to 9% (down from 8.5% to 11.5%). The company also plans to repurchase $1.5 billion of its own shares in 2022.

Illinois Tool Works has an excellent dividend growth history. Its payout ratio was relatively high during the last financial crisis, but the company was not forced to cut the payout. Today the dividend payout ratio sits at 53% of expected earnings, above the company’s long-term target, meaning that future dividend growth may trail earnings growth.

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

High Yield Dividend King #16: National Fuel Gas Co. (NFG)

National Fuel Gas Co. is a diversified energy company that operates in five business segments: Exploration & Production, Pipeline & Storage, Gathering, Utility, and Energy Marketing. The company’s largest segment is Exploration & Production.

Source: Investor Presentation

In early August, National Fuel Gas reported (8/4/22) financial results for the third quarter of fiscal 2022. The company grew its Seneca production 11% over the prior year’s quarter, primarily thanks to the development of core acreage positions in Appalachia.

In addition, its realized price of natural gas jumped 30% thanks to strong demand and tight supply. As a result, adjusted earnings-per-share grew 66%, from $0.93 to $1.54, and beat analysts’ consensus by $0.11.

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

High Yield Dividend King #15: Johnson & Johnson (JNJ)

Johnson & Johnson is a diversified health care company and a leader in the area of pharmaceuticals (~49% of sales), medical devices (~34% of sales) and consumer products (~17% of sales). The company has annual sales in excess of $93 billion.

The company’s most recent earnings report was delivered on July 19th 2022, for the second quarter. Results were better than expected on both revenue and profits, but the company lowered guidance for the full year, which it attributed to a much stronger US dollar.

Source: Investor presentation, page 14

For the second quarter, adjusted earnings-per-share came to $2.59, which was four cents ahead of expectations. Revenue was $24 billion, up 3% year-over-year and $180 million ahead of estimates.

Johnson & Johnson has averaged 7% growth in earnings-per-share for the past decade, which is impressive given its massive size. The company has been able to move the needle steadily through a combination of higher sales, better profit margins, and a slight reduction in the float through buybacks.

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

High Yield Dividend King #14: PepsiCo Inc. (PEP)

PepsiCo is a global food and beverage company that generates $82 billion in annual sales. The company’s brands include Pepsi, Mountain Dew, FritoLay chips, Gatorade, Tropicana orange juice and Quaker foods. The company has more than 20 $1 billion brands in its portfolio.

Source: Investor Presentation

On 2/10/2022, PepsiCo announced that it would increase its annualized dividend by 7% to $4.60 starting with the dividend expected to be paid in June 2022, making the company a Dividend King. The company also announced a share repurchase authorization of up to $10 billion.

On July 12th, 2022, PepsiCo reported second quarter results for the period ending June 30th, 2022. Revenue grew 5.3% to $20.2 billion, topping analysts’ estimates by $720 million. Adjusted earnings-per-share of $1.86 compared to $1.72 in the prior year and was $0.12 better than expected. Organic sales for the second quarter were up 13%. Beverages and foods had volume growth of 6% and 3%, respectively.

PepsiCo Beverages North America’s revenue grew 9% organically, though volume was lower by 1%. Frito-Lay North America’s revenue grew 14% despite a 2% decline in volume. Quaker Foods North America was up 18%, aided mostly by pricing, but also a 2% increase in volume. Revenues in Europe were higher by 9% as pricing offset weakness in volume.

PepsiCo provided a revised outlook for 2022 as well, with the company still expecting adjusted earnings-per-share of $6.63 for the year. Organic sales are now projected to be up 10% compared to the prior year, compared to 8% and 6%, previously.

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

High Yield Dividend King #13: Cincinnati Financial (CINF)

Cincinnati Financial is an insurance company founded in 1950. It offers business, home, auto insurance, and financial products, including life insurance, annuities, property, and casualty insurance. Cincinnati Financial is headquartered in Fairfield, Ohio, trading with a $20.1 billion market capitalization.

As an insurance company, Cincinnati Financial makes money in two ways. It earns income from premiums on policies written and by investing its float, or the large sum of money consisting of the time value between the premium income and insurance claims.

Cincinnati Financial has grown earnings by 11.5% per year over the past nine years and 15.6% over the past five years. Consensus analysts expect earnings to grow by 6% for the next five years. Book value, a significant metric for insurance companies, has increased by 10.4% over the past nine years and 8.4% over the past five years.

Unlike many insurers, the company is not a significant buyer of its shares for per-share growth. The company makes most of its net income from its investment gains and is highly dependent on bond interest rates and stock market performance. Cincinnati Financial is a somewhat aggressive investor and has a 39.3% allocation to equities compared to many insurers. This gives the company better long-term portfolio growth but a bit more volatility.

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

High Yield Dividend King #12: The Coca-Cola Company (KO)

Coca-Cola is the world’s largest beverage company, as it owns or licenses more than 500 unique nonalcoholic brands. Since the company’s founding in 1886, it has spread to more than 200 countries worldwide.

Source: Investor Presentation

The company also has an exceptional 59-year dividend increase streak.

Coca-Cola reported second quarter earnings on July 26th 2022, and results were better than expected on both the top and bottom lines. Adjusted earnings-per-share came to 70 cents, which was three cents ahead of expectations. Revenue was up almost 12% year-over-year, rising to $11.3 billion, and beating estimates by $730 million. Organic revenue was up 16%, including 12% growth in price and mix, as well as 4% growth in concentrate sales.

Operating margin was 30.7% of revenue on an adjusted basis, down 100bps from the second quarter of last year. Margin compression was due to strong topline growth that was more than offset by the impact of the BODYARMOR purchase, higher operating costs, and an increase in marketing investments.

Earnings-per-share came to 70 cents on an adjusted basis, up 4% year-over-year. Free cash flow was $4.1 billion, down $1.0 billion year-over-year. The company also updated guidance to organic revenue growth of 12% to 13%, and adjusted EPS growth of 5% to 6%.

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

High Yield Dividend King #11: Black Hills Corporation (BKH)

Black Hills Corporation is an electric utility that provides electricity and natural gas to customers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. Black Hills was founded in 1941, and the company is headquartered in Rapid City, South Dakota.

Source: Investor Presentation

Black Hills Corporation reported its second quarter earnings results on August 3. The company generated revenues of $470 million during the quarter, which was up 27% year-over-year. Earnings-per-share of $0.52 rose by 30% on a relative basis, versus the previous year’s quarter. Q4 and Q1 are seasonally stronger quarters due to higher natural gas demand for heating, which was again showcased by the below-average profitability during the second quarter.

Black Hills Corporation forecasts earnings-per-share of $3.95 to $4.15 for the current fiscal year. This represents growth of around 8% for 2022, using the midpoint of management’s guidance range.

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

High Yield Dividend King #10: Stanley Black & Decker (SWK)

Stanley Black & Decker is a world leader in power tools, hand tools, and related items. The company holds the top global position in tools and storage sales. Stanley Black & Decker is second in the world in the areas of commercial electronic security and engineered fastening.

On July 20th, 2022, Stanley Black & Decker announced it was raising its quarterly dividend 1.3% to $0.80, extending the company’s dividend growth streak to 55 consecutive years.

Source: Investor Presentation

In the 2022 second quarter, revenue grew 15.5% to $4.4 billion, but was $350 million less than expected. Adjusted earnings-per-share of $1.77 compared unfavorably to $3.08 in the prior year and was $0.36 below estimates. Organic growth declined 6%. Sales for Tools & Outdoor, the largest segment within the company, experienced an organic decline of 9% as a 7% benefit from pricing was more than offset by a decline in volume.

The company also announced a cost reduction program that is expected to reduce expenses by $1 billion by the end of 2023 and by $2 billion within three years.

Stanley Black & Decker offered revised guidance for 2022. Due to inflationary pressures and lower demand, the company now expects adjusted earnings-per-share in a range of $5.00 to $6.00, down from $9.50 to $10.50 and $12.00 to $12.50 previously.

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

High Yield Dividend King #9: Kimberly-Clark (KMB)

Kimberly-Clark is a global consumer products company that operates in 175 countries and sells disposable consumer goods, including paper towels, diapers, and tissues.

It operates through two segments that each house many popular brands: Personal Care Segment (Huggies, Pull-Ups, Kotex, Depend, Poise) and the Consumer Tissue segment (Kleenex, Scott, Cottonelle, and Viva), generating nearly $20 billion in annual revenue.

Source: Investor Presentation

Kimberly-Clark reported second quarter earnings on July 26th, 2022, and results were better than expected on both the top and bottom lines. Adjusted earnings-per-share was $1.34, which was three cents better than estimates. Revenue rose 7% year-over-year to $5.1 billion, which was $110 million better than expected.

Total revenue was up 7%, as forex reduced sales by 2%. Organic sales were up 9%, as net selling prices were up 9%, product mix increased 1%, and volumes offset that with a 1% decline. North America organic sales were up 11% in consumer products and up 8% in K-C Professional.

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

High Yield Dividend King #8: AbbVie Inc. (ABBV)

AbbVie Inc. is a pharmaceutical company spun off by Abbott Laboratories (ABT) in 2013. Its most important product is Humira, which is now facing biosimilar competition in Europe, which has had a noticeable impact on the company. Humira will lose patent protection in the U.S. in 2023.

Even so, AbbVie remains a giant in the healthcare sector, with a large and diversified product portfolio.

AbbVie reported its second quarter earnings results on July 29. The company was able to generate revenues of $14.6 billion during the quarter, which was 4% more than AbbVie’s revenues during the previous year’s quarter. AbbVie generated slightly lower revenues than the analyst community had forecasted, as it missed the top line consensus by $60 million.

AbbVie’s revenues were positively impacted by compelling growth from some of its newer drugs, including Skyrizi and Rinvoq, while the impact of the Allergan acquisition has now been fully lapped which is why it didn’t have a one-time impact on sales growth any longer, unlike in previous quarters.

AbbVie earned $3.37 per share during the second quarter, which was 11% more than the company’s earnings-per-share during the previous year’s quarter. AbbVie’s earnings-per-share beat the consensus analyst estimate by $0.06. AbbVie’s guidance for 2022’s adjusted earnings-per-share was lowered slightly since our last update, the company now expects to earn $13.78 – $13.98 on a per-share basis this year.

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

High Yield Dividend King #7: Northwest Natural Holding Co. (NWN)

NW Natural was founded in 1859 and has grown from just a handful of customers to serving more than 760,000 today. The utility’s mission is to deliver natural gas to its customers in the Pacific Northwest and it has done that well, affording it the ability to raise its dividend for 66 consecutive years.

Source: Investor Presentation

NW Natural reported Q2 results on August 4th. The company reported net income of $0.05 compared to a net loss of $0.02 in the year-ago period. Revenue increased 30.9% to $194.96 million year-over-year. NW Natural added 10,200 natural gas meters over the past 12 months, equating to a 1.3% growth rate.

Meanwhile, management reaffirmed its guidance for 2022 with earnings-per-share expected to come in at between $2.45 and $2.65 and long-term earnings per share growth rate target to 4% to 6%.

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

High Yield Dividend King #6: Federal Realty Investment Trust (FRT)

Federal Realty was founded in 1962. As a Real Estate Investment Trust, Federal Realty’s business model is to own and rent out real estate properties. It uses a significant portion of its rental income, as well as external financing, to acquire new properties. This helps create a “snow-ball” effect of rising income over time.

Federal Realty primarily owns shopping centers. However, it also operates in redevelopment of multi-purpose properties including retail, apartments, and condominiums. The portfolio is highly diversified in terms of tenant base.

Source: Investor Presentation

Federal Realty reported Q2 earnings on 08/04/22. FFO per share came in at $1.65, up from $1.41 in the year-ago quarter. Total revenue increased 14.0% to $264.1M year-over-year. Net income available for common shareholders stood at $0.75, up from $0.57 in the year-ago period.

During the quarter, Federal Realty continued record levels of leasing with 132 signed leases for 562,111 square feet of comparable space. The trust’s portfolio, during the quarter, was 92.0% occupied and 94.1% leased, up by 240 basis points and 140 basis points, respectively, year-over-year. That said, the trust maintained a 210 basis points spread between occupied and leased. Moreover, small shop leased rate was 89.3%, up by 360 basis points year-over-year. Federal Realty also reported Q2 comparable property operating income growth of 8.2%.

Meanwhile, the company raised its 2022 earnings per share guidance to $2.50-$2.65 from $2.36-$2.56 and FFO per diluted share guidance to $6.10-$6.25 from $5.85-$6.05. the company also expects comparable property income growth to be in the range of 5.5% to 7.0%.

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

High Yield Dividend King #5: Canadian Utilities (CDUAF)

Canadian Utilities is an $8.07 billion company with approximately 5,000 employees. ATCO owns 53% of Canadian Utilities. Based in Alberta, Canadian Utilities is a diversified global energy infrastructure corporation delivering solutions in Electricity, Pipelines & Liquid, and Retail Energy.

Source: Investor Presentation

The company prides itself on having Canada’s longest consecutive years of dividend increases, with a 50-year streak. Unless otherwise noted, US dollars are used in this research report.

On July 28th, 2022, Canadian Utilities reported its Q2-2022 results for the period ending June 30th, 2022. Revenues for the quarter amounted to $726, 18.1% higher year-over-year, while EPS came in at $0.39 compared to a loss of $0.03 in Q2-2022. Higher revenues were mainly the result of rate relief provided to customers in 2021 in light of the COVID-19 global pandemic and, subsequently, the decision to maximize the collection of 2021 deferred revenues in 2022.

By benefiting from a stable business model, Canadian Utilities can slowly but progressively grow its earnings. The company consistently invests in new projects and benefits from the base rate increases, which grow at around 3% to 4% annually.

Last year, management had filed an application with the Alberta Utilities Commission to postpone Canadian Utilities’ electricity and natural gas distribution rate increases. The company expects to receive the deferred revenues in early 2022. We retain our expected growth rate at 4%.

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

High Yield Dividend King #4: Leggett & Platt (LEG)

Leggett & Platt is an engineered products manufacturer. The company’s products include furniture, bedding components, store fixtures, die castings, and industrial products. Leggett & Platt has 14 business units and more than 20,000 employees. The company qualifies for the Dividend Aristocrats and Dividend Kings, as it has 50 years of consecutive dividend increases.

In the 2022 second quarter, revenue of $1.33 billion rose 4.7% year-over-year. Earnings-per-share of $0.70 beat estimates by a penny. The company lowered full-year guidance, now expecting sales in a range of $5.2 billion to $5.4 billion, and earnings-per-share of $2.65 to $2.80 for 2022.

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

High Yield Dividend King #3: 3M Company (MMM)

3M is an industrial manufacturer that sells more than 60,000 products that are used every day in homes, hospitals, office buildings and schools around the world. It has about 95,000 employees and serves customers in more than 200 countries.

On July 26th, the company reported second-quarter results. For the quarter, revenue fell 3% to $8.7 billion. Adjusted EPS declined 10% year-over-year, from $2.75 in Q2 2021 to $2.48 in Q2 2022.

Along with its quarterly results, the company separately announced that it will spinoff its healthcare segment. This is a major announcement, as the healthcare business itself generates over $8 billion in annual sales.

Source: Investor Presentation

The new 3M will consist of the segments which generated $26.8 billion of sales in 2021, while the healthcare spin-off will retain the product portfolio which generated $8.6 billion of sales in 2021.

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

High Yield Dividend King #2: Universal Corporation (UVV)

Universal Corporation is a tobacco stock. It is the world’s largest leaf tobacco exporter and importer. The company is the wholesale purchaser and processor of tobacco that operates as an intermediary between tobacco farms and the companies that manufacture cigarettes, pipe tobacco, and cigars. Universal also has an ingredients business that is separate from the core leaf segment.

In the most recent quarter, revenue was up 23% year-over-year, while cost of goods rose 22%. That meant gross margins rose 70 basis points to 18.5% of revenue, and adjusted operating income was up 5% to $13.3 million. Ingredients revenue soared 46% higher year-over-year due mostly to the company’s 2021 acquisition of Shank’s Extracts.

Source: Investor Presentation, page 26

As the leader in a declining industry, we do not expect the company to deliver strong growth in the future. The company’s earnings-per-share could still rise over the next couple of years, however. Universal’s shares trade at a moderate valuation based on the earnings and cash flows that the company generates.

Universal also does not need to invest large amounts of money into its business, which gives it the ability to utilize a substantial amount of its free cash flows for share repurchases and dividends.

With a dividend payout of ~79% for the current fiscal year, we view Universal’s dividend as moderately safe, with the caveat that the company faces headwinds due to the steady decline of the tobacco industry.

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

High Yield Dividend King #1: 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 holds 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 07/28/22, Altria reported second quarter results. Adjusted diluted earnings-per-share increased 2.4% to $1.26 yearover-year. Net revenue stood at $6.5 billion, down by 5.7% year-over-year. Reported diluted earnings per share stood at $0.49, down by 57.8% year-over-year. Revenue decreased 4.1% to $5.37 billion year-over-year.

Meanwhile, Altria reported approximately $750 million 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 which represents an adjusted diluted earnings-per-share growth rate of 4% to 7%.

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

Final Thoughts

High yield dividend stocks have obvious appeal to income investors. The S&P 500 Index yields just ~1.4% right now on average, making high yield stocks even more attractive by comparison.

Of course, investors should always do their research before buying individual stocks.

That said, the 20 stocks in this list have yields at least double the S&P 500 Index average, going all the way up to 8.8%. And, each of these stocks has increased their dividends for 50 consecutive years. They are all part of the exclusive Dividend Kings list.

As a result, income investors may find these 20 dividend stocks attractive.

Further Reading

If you are interested in finding high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful:

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