In this article, we will take a look at some of the best dividend stocks with over 4% dividend yields.
Investors often keep a close eye on the stock market, tracking price movements and hoping for gains. However, many tend to overlook another key source of returns — the dividends that companies distribute to their shareholders.
According to Kirsten Cabacungan, an investment strategist at Merrill and Bank of America Private Bank, investors should consider both price appreciation and dividend income when evaluating their total returns. Dividend-paying stocks, she explains, can be especially valuable for two main reasons: they provide a steady income stream that can help meet liquidity needs, and they have historically helped reduce volatility and cushion losses during market downturns. She made the following comment:
“Companies that have consistently increased their dividends tend to be more stable, higher-quality businesses, which historically have weathered downturns and are more likely to have the ability to pay dividends consistently.”
For those focused on generating income, Cabacungan suggests looking for companies with consistently higher-than-average dividend yields over time. Meanwhile, growth-focused investors who don’t rely on immediate income might prefer stocks with a history of raising their dividends as profits and cash flows expand. Given this, we have taken a look at some of the best dividend stocks with high yields.
Our Methodology
For this article, we used a Finviz screener to identify stocks with dividend yields above 4%, as of October 12. From that list, we picked companies with consistent dividend track records and sound financials. The stocks are ranked according to their dividend yields.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
12. Magna International Inc. (NYSE:MGA)
Dividend Yield as of October 12: 4.46%
Magna International Inc. (NYSE:MGA) stands among the world’s largest automotive suppliers, producing a wide range of components including body structures, seating systems, powertrains, and even full vehicle assemblies. The company serves nearly every major automaker globally, operating more than 340 manufacturing facilities across 29 countries.
Its extensive international footprint is just one of its strengths. Magna International Inc. (NYSE:MGA) continues to be viewed as a strong long-term investment opportunity, making it one of the best dividend stocks with high yields. Importantly, the company’s growth strategy extends beyond traditional internal combustion vehicles. The company has positioned itself at the forefront of the electric vehicle transition and is actively expanding in this segment.
For instance, Magna International Inc. (NYSE:MGA) recently secured a major assembly contract with XPENG for the European market, further highlighting its growth potential in the fast-evolving EV industry.
In addition to this, Magna International Inc. (NYSE:MGA)’s dividend history makes it an appealing option for income investors. The company has been growing its payouts for 15 consecutive years, and it currently offers a quarterly dividend of $0.485 per share. The stock has a dividend yield of 4.46%, as of October 12.
11. Black Hills Corporation (NYSE:BKH)
Dividend Yield as of October 12: 4.48%
Black Hills Corporation (NYSE:BKH) supplies electricity and natural gas to about 1.34 million customers across eight states. The company’s future growth will be supported by regular rate reviews that influence revenue and profitability, as well as continued expansion of its utility infrastructure.
Currently, Black Hills Corporation (NYSE:BKH) has a $4.7 billion investment pipeline planned from 2025 to 2029, which includes new electric transmission lines and natural gas pipelines. After exiting the oil business in 2018, the company is now more focused on its core utility operations, making it less vulnerable to fluctuations in commodity prices.
Thanks to its stable business model and strong competitive position, Black Hills Corporation (NYSE:BKH) maintains a solid record of dividend safety. The company targets a payout ratio between 50% and 60% of its net income, supporting sustainable dividend growth. BKH is one of the best dividend stocks as the company has been rewarding shareholders with growing dividends for the past 55 years. The company’s quarterly dividend comes in at $0.676 per share and has a dividend yield of 4.48%, as of October 12.
10. Comcast Corporation (NASDAQ:CMCSA)
Dividend Yield as of October 12: 4.49%
Comcast Corporation (NASDAQ:CMCSA) is a leading American multinational company engaged in media, entertainment, and telecommunications. Over the years, it has become one of the most diversified players in the industry, generating revenue from cable and broadband subscriptions, advertising, content licensing, and theme park operations. Its customer base includes residential and business clients, advertisers, content viewers, and theme park visitors across North America, Europe, and Asia.
In the second quarter of 2025, CEO Brian Roberts described Comcast Corporation (NASDAQ:CMCSA)’s performance as “solid,” citing record momentum in its wireless segment with 378,000 net line additions — the highest in its history. The theme park division recorded a 19% increase in revenue, boosted by the successful launch of Epic Universe in Orlando. In addition, Peacock’s revenue rose 18%, reducing its losses considerably. However, Comcast’s total customer relationships declined by 349,000 to 51.2 million, mainly due to a drop in domestic broadband subscribers.
Comcast Corporation (NASDAQ:CMCSA) is also popular because of its dividend policy. The company pays a quarterly dividend of $0.33 per share for a dividend yield of 4.49%, as of October 12. It is among the best dividend stocks as the company holds a 21-year streak of consistent dividend growth.
Hedge Fund Resource Center