The 20 Highest Yielding Dividend Kings Now | Yields Up To 6.4% - Sure Dividend

Sure Dividend

High-Quality Dividend Stocks, Long-Term Plan
The Sure Dividend Investing MethodMember's Area

The 20 Highest Yielding Dividend Kings Now | Yields Up To 6.4%


Updated on May 11th, 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 44 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 Co. (EMR)

Emerson Electric has increased its dividend for over 60 years in a row. Emerson Electric was founded in Missouri in 1890. Today, it generates $18+ billion in annual revenue.

Emerson is organized into two major reporting segments called Automation Solutions and Commercial & Residential Solutions. Automation Solutions helps manufacturers minimize energy usage, waste, and other costs in their processes. The Commercial & Residential Solutions segment makes products that protect food quality and safety, as well as boost efficiency in the production process.

Emerson reported first quarter earnings on February 2nd, 2022, and results were better than expected on both the top and bottom lines. EPS came to $1.05 for the quarter, which was four cents ahead of estimates. Revenue beat by $20 million, gaining 8% year-over-year to $4.5 billion.

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

High Yield Dividend King #19: Sysco Corp. (SYY)

Sysco Corporation is the largest wholesale food distributor in the United States and is expanding internationally. The company was founded in Houston, Texas, in 1969 and now serves 600,000 locations with food delivery, including restaurants, hospitals, schools, hotels, and other facilities.

Due to its leadership position in the food distribution industry, Sysco benefits from scale.

Source: Investor Presentation

On February 8th, 2022, Sysco reported secondquarter results for Fiscal Year (FY) 2022. Sales for the quarter were $16.3 billion, an increase of 41.2% versus the same period in the fiscal year 2021 and an increased of 10.5% versus the same period in the fiscal year 2019. For the six months of the fiscal year, sales grew by 40.5% to $32.8 billion compared to the six months in FY2021.

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

High Yield Dividend King #18: Lancaster Colony (LANC)

Lancaster Colony has been making food products since 1969, after shifting away from housewares. Lancaster Colony makes various meal accessories like croutons and bread products in frozen and non-frozen categories. Lancaster also has one of the best dividend increase streaks in the entire market, with fiscal 2022 representing the 59th consecutive year of dividend increases.

Source: Investor Presentation

Lancaster reported second quarter earnings on February 3rd, 2022, with results showing another period of strong yearover-year growth. Total sales were up 14% year-over-year to a new second quarter record, hitting $428 million. Retail segment net sales grew 10% to $245 million, as volume increased 4%.

In the Foodservice segment, the company saw net sales gain 20% to $183 million, as volume rose by 7%. The company said it produced strong pricing gains as it passed on cost inflation to customers.

Net income fell $10 million to $34 million, or $1.25 per share against $1.62, year-over-year.

Management said it expects unfavorable impacts of higher input costs, as well as higher freight and warehousing costs, although demand remains strong.

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

High Yield Dividend King #17: Colgate-Palmolive Co. (CL)

Colgate-Palmolive has been in existence for more than 200 years, having been founded in 1806. It operates in many consumer staples markets, including Oral Care, Personal Care, Home Care, and more recently, Pet Nutrition. These segments afford the company nearly $18 billion in annual revenue.

Colgate-Palmolive reported fourth quarter and fullyear earnings on January 28th, 2022, and results were weak against expectations. Fourth quarter earnings were 79 cents, which was in line with estimates. However, revenue of $4.4 billion was up just 1.9%, and missed estimates by $20 million.

Organic sales were up 3.0%, but that missed estimates of a 4.3% gain. Organic sales in North America declined 1.5%, which offset some of the gains made internationally. Volume was flat in Q4, while pricing contributed the full 3% of the organic sales gain. Gross margins were very weak, declining 300 basis points to 8.1% of revenue in the fourth quarter.

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

High Yield Dividend King #16: SJW Group (SJW)

SJW Group is a water utility company that produces, purchases, stores, purifies and distributes water to consumers and businesses in the Silicon Valley area of California, and the area north of San Antonio, Texas. SJW Group has a small real estate division that owns and develops properties for residential and warehouse customers in California and Tennessee. The company generates about $645 million in annual revenues.

Source: Investor Presentation

On April 28th, 2022, SJW Group reported first quarter results for the period ending March 31st, 2022. Revenue grew 8.3% to $124.3, which was $7.3 million more than expected. Earnings-per-share of $0.12 compared favorably to earnings-pershare of $0.09 in the prior year and was $0.03 ahead of estimates. The revenue gain was due to a $5.2 million increase in water rates, $2.5 million contribution from new customers, and $1.8 million in customer usage.

SJW Group provided an updated outlook for 2022 as well, with the company expecting earnings-per-share of $2.30 to $2.40 for the year. This compares to prior guidance for earnings-per-share of $2.43. We have updated our forecast accordingly.

Click here to download our most recent Sure Analysis report on SJW Group (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.

Source: Investor Presentation

On April 19th, 2022, Johnson & Johnson released first quarter earnings results for the period ending March 31st, 2022. Revenue increased 5% to $23.4 billion, but missed estimates by $210 million. Adjusted earnings-per-share of $2.67 compared to $2.59 in the prior year and was $0.10 better than expected.

harmaceutical revenues were up 6.3%, with Oncology leading the way with another quarter of 10%+ growth. Consumer revenue fell 1.5% as strength in Over-the-Counter and Women’s Health was more than offset by weaker results in the remaining businesses. MedTech again showed that the recovery from the Covid-19 pandemic continues as sales were higher by 5.9%, a sequential acceleration.

Johnson & Johnson offered revised guidance for the year. The company now expects adjusted earnings-per-share of $10.15 to $10.30 for 2022, down from $10.40 to $10.60 previously, and revenue of $97.3 billion to $98.3 billion, down from $98.9 billion and $100.4 billion.

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: 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.

In early February, National Fuel Gas reported (2/3/22) financial results for the first quarter of fiscal 2022. The company grew its production by 7% over the prior year’s quarter, primarily thanks to the development of core acreage positions in Appalachia. In addition, the price of natural gas rose significantly thanks to strong demand and tight supply. As a result, adjusted EPS grew 40%, from $1.06 to $1.48.

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

High Yield Dividend King #13: 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.

You can see an overview of the company’s 2022 first-quarter performance in the image below:

Source: Investor Presentation

On April 28th, 2022, Stanley Black & Decker announced first quarter results. Revenue grew 20% to $4.4 billion, but was $220 million lower than expected. Adjusted earnings-per-share of $2.10 compared unfavorably to $3.13 in the prior year, but was $0.40 ahead of estimates. Organic growth fell 1%.

Stanley Black & Decker offered revised guidance for 2022. Due to inflationary pressures, the company now expects adjusted earnings-per-share in a range of $9.50 to $10.50, down from $12.00 to $12.50 previously. Organic revenue is projected in a range of 7% to 8%.

The stock has a 2.6% dividend yield, and we expect 8% annual EPS growth. With a ~6.3% annual boost from an expanding P/E multiple, total returns are expected to reach 16.9% per year.

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

High Yield Dividend King #12: 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 April 26th, 2022, PepsiCo reported first quarter results. Revenue grew 9.3% to $16.2 billion, topping analysts’ estimates by $660 million. Adjusted earnings-per-share of $1.29 compared to $1.21 in the prior year and was $0.06 ahead of expectations.

Organic sales for the first quarter were higher by 13.7%. Beverages and foods had volume growth of 6% and 3%, respectively. PepsiCo Beverages North America’s revenue grew 13% organically, with volumes adding 7%. Frito-Lay North America’s revenue was up 14% with volumes adding just 1% as higher prices were the primary driver of growth. Quaker Foods North America was up 11% as pricing more than offset a 1.5% decline in volume.

PepsiCo provided a revised outlook for 2022 as well, with the company expecting adjusted earnings-per-share of $6.63. Organic sales are now projected to be higher by 8%, up from 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 #11: Genuine Parts Co. (GPC)

Genuine Parts Company was founded in 1928 and since that time, it has grown into a sprawling conglomerate that sells automotive and industrial parts, electrical materials, and general business products.

Its global span reaches throughout North America, Australia, New Zealand, and Europe and is comprised of more than 9,000 retail locations.

Source: Investor Presentation

Genuine Parts is also a Dividend King, having raised its dividend for an incredible 66 consecutive years.

Genuine Parts reported fourth quarter and fullyear earnings on February 17th, 2022. Total revenue was up 13% yearoveryear to $4.8 billion, which was $140 million ahead of expectations. Sales gains in the fourth quarter were attributable to an 11.3% increase in comparable sales, as well as a 1.9% benefit from acquisitions.

Earnings in Q4 came to $1.79 per share, up sharply from $1.52 per share in the comparable period a year ago on an adjusted basis.

For the year, sales were $18.9 billion, a 14% increase from 2020. Net income on an adjusted basis was $997 million, or $6.97 per share, up 31% from $5.27 in 2020.

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

High Yield Dividend King #10: 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 fourth quarter and full-year earnings on February 10th, 2022, and results were well ahead of estimates on both the top and bottom lines.

Earnings-per-share on an adjusted basis came to 45 cents, four cents ahead of expectations. Revenue was $9.5 billion, up nearly 11% year-over-year, and beating estimates by $570 million.

Organic sales in EMEA shot up 17%, while North America saw a very strong 14% gain. Asia-Pacific saw a 3% decline in organic sales. Hydration, sports, coffee, and tea grew 12% for the quarter, and nutrition, juice, dairy, and plant-based beverages were up 11%. The core sparkling soft drinks segment was up 8%, so strength was broad based.

Click here to download our most recent Sure Analysis report on The Coca-Cola Company (preview of page 1 of 3 shown below):

High Yield Dividend King #9: 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.

The company generated revenues of $560 million in the fourth quarter, which was 16% more than the revenues that Black Hills Corporation was able to generate during the previous year’s quarter. Black Hills Corporation’s revenues were higher than what the analyst community had expected, beating the consensus estimate by a hefty $59 million.

Black Hills Corporation generated EPS of $1.11 during the fourth quarter, which was below the consensus analyst estimate. EPS declined by $0.12 versus the previous year’s quarter. The company forecasts EPS of $3.95 to $4.15 for the current fiscal year, which should easily cover the dividend payout.

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 #8: 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 first quarter earnings on April 22nd, 2022, and results were much better than expected on both the top and bottom lines. Adjusted earnings-per-share came to $1.35, which was 12 cents ahead of estimates. In addition, revenue rose almost 8% to $5.1 billion, beating estimates by $180 million. The company reported double-digit organic sales growth as it saw growth across all segments.

The company also said it was investing in improving margins over time. As part of that, and in part to combat rising input cost inflation, net selling prices were up 6% on average. Sales in North America rose 16% due to price increases and organic sales growth, including particular strength in baby and childcare, adult care, and feminine care. Full-year organic sales are now forecast to be between 4% and 6%, an increase of 100bps and 200bps, respectively.

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 #7: 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.

In the 2021 first quarter, AbbVie reported revenue growth of 4.1% on a reported basis, or 5.4% adjusted for currency and other non-recurring factors. Adjusted EPS increased 9.3% year-over-year.

Immunology revenue increased 8.1% operationally, as growth products like Skyrizi and Rinvoq grew 66% and 57%, respectively. Separately, neuroscience revenue increased 20%.

Click here to download our most recent Sure Analysis report on AbbVie (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 Q4 earnings on 02/10/22. FFO per share came in at $1.47, up from $0.99 in the year-ago quarter. Total revenue increased 16.2% yearoveryear. The company acquired 5 assets totaling 1.9 million square feet on 135 acres of land.

The company’s portfolio was 91.1% occupied and 93.6% leased during the quarter. Meanwhile, FRT as of January 31, 2022, collected 97% of total Q4 billed recurring rents.

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: 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 Q4 results on February 25th. The company reported earnings per share of $1.31 per share. Revenue grew by 13% year-over-year to $294.09M. Book value per share increased slightly to $30.04 from $29.05 in the year-ago period. NW Natural also added 11,400 natural gas meters over the past 12 months, equating to a 1.5% growth rate.

Meanwhile, the management team released its guidance for 2022 with EPS expected to come in at between $2.45 and $2.65 and increased the 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 #4: 3M Company (MMM)

3M 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.

Source: Investor Presentation

3M is now composed of four separate divisions. The Safety & Industrial division produces tapes, abrasives, adhesives and supply chain management software as well as manufactures personal protective gear and security products.

The Healthcare segment supplies medical and surgical products as well as drug delivery systems. Transportation & Electronics division produces fibers and circuits with a goal of using renewable energy sources while reducing costs. The Consumer division sells office supplies, home improvement products, protective materials and stationary supplies.

On April 26th, 2022, 3M reported first quarter earnings results for the period ending March 31st, 2022. Revenue fell 0.3% to $8.8 billion, but was $50 million better than expected. Adjusted earnings-per-share of $2.65 compared to $2.77 in the prior year, but was $0.34 above estimates. Organic growth for the quarter was 2%.

3M provided an updated outlook for 2022, with the company now expecting adjusted earnings-per-share of $10.75 to $11.25.

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

High Yield Dividend King #3: 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 Index as it has 50 years of consecutive dividend increases.

Leggett & Platt reported its fourth quarter earnings results on February 7th. The company reported revenues of $1.33 billion for the quarter, which represents a 13% increase compared to the prior year’s quarter. EPS of $0.77 during the fourth quarter was $0.02 lower than the previous year’s third quarter.

Management has introduced its revenue guidance for the current fiscal year. The company is forecasting revenues of $5.3 billion to $5.6 billion, implying growth of 4% to 10%. The EPS guidance range has been set at $2.70 to $3.00 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 #2: Universal Corporation (UVV)

Universal Corporation is the world’s largest leaf tobacco exporter and importer. The company is the wholesale purchaser and processor of tobacco that operates between farms and the companies that manufacture cigarettes, pipe tobacco, and cigars. Universal Corporation was founded in 1886 and is headquartered in Richmond, Virginia.

Universal Corporation reported its third quarter (fiscal 2022) earnings results on February 2. The company generated revenues of $650 million during the quarter, which was 3% less than the revenues that it generated during the previous year’s quarter. Management explains that revenues were up by 7% during the first nine months of the current fiscal year, reaching $1.46 billion on the back of a stronger product mix. The fact that results are up year-to-date despite a small year-over-year decline in Q3 bodes well for FY2022’s overall results.

Universal’s adjusted earnings-per-share totaled $1.80 during the third quarter, which has lifted Universal’s year-to-date earnings-per-share to $2.76. Universal’s earnings-per-share generation is seasonal, which is why Q3 and Q4 are usually much stronger than Q1 and Q2.

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 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.

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 7%. 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:

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


More from sure dividend
The Sure Dividend Investing MethodMember's Area