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10 High Yield Dividend Champions

In this article, we will be taking a look at 10 high yield dividend champions. To skip our detailed analysis of dividend investing, you can go directly to see the 5 High Yield Dividend Champions.

Dividend investing is not about just looking at those attractive yields. Metrics like payout ratio, price-to-book ratio and the number of years of dividend growth can come in handy for investors, new and old alike. With dividend stocks in particular, those companies that have been known to raise their dividends for quite some time at least, for instance The Procter & Gamble Company (NYSE: PG), Colgate-Palmolive Company (NYSE: CL), Johnson & Johnson (NYSE: JNJ), and Walmart Inc. (NYSE: WMT), among others, may be solid stock picks. And to find such companies, there are a number of lists one can consult.

What is a Dividend Champion?

Dividend champions, like dividend aristocrats, are those dividend stocks that have managed to consistently increase their dividend yields for at least the past 25 years or more.

Without further ado, let’s take a look at the 10 high yield dividend champions.

Our Methodology

We have selected dividend champion stocks with yields of over 4%. Insider Monkey tracks the data of about 873 hedge funds, and we have also used this data to pick dividend stocks that are highly popular among hedge funds today. For each stock we have mentioned its yield, the number of years it has grown its dividend for, and the number of hedge funds holding a stake in it, ranking them from the lowest to the highest dividend yield. Finally, we have used analysts’ ratings to determine which stocks are favorably placed in analyst and investor circles, picking stocks with mostly positive ratings and strong fundamentals.

Why do we care about hedge fund activity? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

High Yield Dividend Champions

10. People’s United Financial, Inc. (NASDAQ: PBCT)

Number of Hedge Fund Holders: 24
Dividend Yield: 4.57%
Number of Years of Consistent Dividend Increases: 29

People’s United Financial, Inc. (NASDAQ: PBCT) is the bank holding company for People’s United Bank, National Association. The company operates through its Commercial Banking and Retail Banking segments, and ranks 10th on our list of high yield dividend champions.

Compass Point raised its price target on shares of People’s United Financial, Inc. (NASDAQ: PBCT) this May to $19.50, alongside reiterating a Neutral rating on the stock.

In the second quarter of 2021, People’s United Financial, Inc. (NASDAQ: PBCT) had an EPS of $0.41, beating estimates by $0.08. The company’s revenue was $479.90 million but missed estimates by $17.70 million.

By the end of the second quarter of 2021, 24 hedge funds out of the 873 tracked by Insider Monkey held stakes in People’s United Financial, Inc. (NASDAQ: PBCT) worth roughly $219 million. This is compared to 20 hedge funds in the previous quarter with a total stake value of approximately $208 million.

Like The Procter & Gamble Company (NYSE: PG), Colgate-Palmolive Company (NYSE: CL), Johnson & Johnson (NYSE: JNJ), and Walmart Inc. (NYSE: WMT), People’s United Financial, Inc. (NASDAQ: PBCT) is a good stock to invest in.

9. National Retail Properties, Inc. (NYSE: NNN)

Number of Hedge Fund Holders: 19
Dividend Yield: 4.5%
Number of Years of Consistent Dividend Increases: 21

National Retail Properties, Inc. (NYSE: NNN), a retail real estate investment trust, ranks 9th on our list of high yield dividend champions. The company invests in high-quality retail properties subject to long-term, net leases.

This July, Wells Fargo raised its price target on shares of National Retail Properties, Inc. (NYSE: NNN) from $44 to $50. The firm also reiterated an Equal Weight rating on National Retail Properties, Inc. (NYSE: NNN) shares.

In the second quarter of 2021, National Retail Properties, Inc. (NYSE: NNN) had an FFO of $0.70, beating estimates by $0.02. The company’s revenue was $179.01 million, up 9.35% year over year and beating estimates by $2.01 million.

By the end of the second quarter of 2021, 19 hedge funds out of the 873 tracked by Insider Monkey held stakes in National Retail Properties, Inc. (NYSE: NNN) worth roughly $188 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $289 million.

8. International Business Machines Corporation (NYSE: IBM)

Number of Hedge Fund Holders: 41
Dividend Yield: 4.7%
Number of Years of Consistent Dividend Increases: 26

International Business Machines Corporation (NYSE: IBM), an IT consulting company, offers integrated solutions and services to its consumers. It ranks 8th on our list of high yield dividend champions.

This July, Morgan Stanley raised its price target on shares of International Business Machines Corporation (NYSE: IBM) to $164, compared to the previous $152 price target. The firm also holds an Equal Weight rating on International Business Machines Corporation (NYSE: IBM) shares.

In the second quarter of 2021, International Business Machines Corporation (NYSE: IBM) had an EPS of $2.33, beating estimates by $0.04. The company’s revenue was $18.75 billion, up 3.43% year over year and beating estimates by $447.5 million.

By the end of the second quarter of 2021, 41 hedge funds out of the 873 tracked by Insider Monkey held stakes in International Business Machines Corporation (NYSE: IBM) worth roughly $1.4 billion. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $1.4 billion.

Like The Procter & Gamble Company (NYSE: PG), Colgate-Palmolive Company (NYSE: CL), Johnson & Johnson (NYSE: JNJ), and Walmart Inc. (NYSE: WMT), International Business Machines Corporation (NYSE: IBM) is a good stock to invest in.

7. Universal Health Realty Income Trust (NYSE: UHT)

Number of Hedge Fund Holders: 9
Dividend Yield: 4.77%
Number of Years of Consistent Dividend Increases: 36

Universal Health Realty Income Trust (NYSE: UHT), a healthcare REIT, invests in human service-related facilities. The company ranks 7th on our list of high yield dividend champions. It has investments in about 71 properties in 20 states in the US.

In the second quarter of 2021, Universal Health Realty Income Trust (NYSE: UHT) had an FFO of $0.92. The company’s revenue was $20.88 million, up 8.3% year over year.

By the end of the second quarter of 2021, 9 hedge funds out of the 873 tracked by Insider Monkey held stakes in Universal Health Realty Income Trust (NYSE: UHT) worth roughly $25 million. This is compared to 4 hedge funds in the previous quarter with a total stake value of approximately $24.5 million.

Like The Procter & Gamble Company (NYSE: PG), Colgate-Palmolive Company (NYSE: CL), Johnson & Johnson (NYSE: JNJ), and Walmart Inc. (NYSE: WMT), Universal Health Realty Income Trust (NYSE: UHT) is a good stock to invest in.

6. Chevron Corporation (NYSE: CVX)

Number of Hedge Fund Holders: 50
Dividend Yield: 5.54%
Number of Years of Consistent Dividend Increases: 34

Chevron Corporation (NYSE: CVX) is an energy company exploring, developing, and producing crude oil and natural gas. It ranks 6th on our list of high yield dividend champions.

RBC Capital holds a Sector Perform rating and a $130 price target on shares of Chevron Corporation (NYSE: CVX) as of this August.

In the second quarter of 2021, Chevron Corporation (NYSE: CVX) had an EPS of $1.71, beating estimates by $0.11. The company’s revenue was $37.60 billion, up 178.62% year over year and beating estimates by $1.15 billion.

By the end of the second quarter of 2021, 50 hedge funds out of the 873 tracked by Insider Monkey held stakes in Chevron Corporation (NYSE: CVX) worth roughly $4.3 billion. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $4.9 billion.

Click to continue reading and see the 5 High Yield Dividend Champions.

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Disclosure: None. 10 High Yield Dividend Champions is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

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