In this article, we will take a look at some of the best high dividend stocks under $100.
Analysts stress that taking a well-balanced and diversified approach is essential for handling market downturns. Staying invested in equities is important, since long-term growth potential can significantly increase retirement savings. However, during uncertain periods, emotional decision-making often comes into play. A report from Lord Abbett suggests that choosing a portfolio with a record of lower historical volatility can help ease this pressure. Looking back over the past 50 years, data shows that high-quality companies that initiate and grow dividends have delivered stronger returns with less volatility compared to the equal-weighted S&P 500 Index.
Since 2020, the markets have faced several major challenges, including the COVID-19 shutdown, the inflation-driven correction in 2022, a narrow rebound led by mega-cap tech stocks, and uncertainty from a volatile trade war. The Lord Abbett report also analyzed how three indexes performed during these events: one focused on dividend growth, and two on high dividend yield. The S&P US Dividend Growers Index outperformed the two yield-focused indexes while exhibiting much lower volatility. While dividend-paying stocks generally provided strong protection during market downturns, dividend growers managed to maintain upside potential as well, resulting in superior absolute and risk-adjusted returns.
Given this, we will take a look at some of the best dividend stocks under $100.
Our Methodology
For this list, we first used a stock screener to identify dividend-paying stocks priced below $100 and offering dividend yields above 2% as of September 18. From that selection, we chose 12 companies with strong dividend histories and ranked them according to their share prices as of the close of September 17.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
13. General Mills, Inc. (NYSE:GIS)
Share Price as of the Close of September 17: $49.10
General Mills, Inc. (NYSE:GIS) is a major name in the consumer staples space, specializing in packaged food products. While it may not be one of the world’s largest players, with a market capitalization of nearly $27 billion, it remains a significant force in the industry. Thanks to its scale, the company can compete effectively in areas like distribution, R&D, and marketing. It also has the capacity to act as an industry consolidator, acquiring smaller rivals to keep its portfolio aligned with changing consumer preferences.
One of General Mills, Inc. (NYSE:GIS)’s most notable purchases was Blue Buffalo, the leading natural pet food brand at the time of acquisition. Since then, the company has expanded further in this category through smaller add-on deals, strengthening the pet-food business it built around Blue Buffalo.
On June 25, General Mills, Inc. (NYSE:GIS) declared a 1.7% hike in its quarterly dividend to $0.61 per share. This was the company’s fifth consecutive year of dividend growth. However, it has been paying regular dividends to shareholders for the past 127 years. The stock has a dividend yield of 4.89%, as of September 18.
12. Bank of America Corporation (NYSE:BAC)
Share Price as of the Close of September 17: $51.48
Bank of America Corporation (NYSE:BAC) ranks among the largest financial institutions globally, with operations spanning the US and more than 35 international markets. Its stock has delivered impressive results, climbing nearly 107% over the past five years. According to analysts, the bank could carry that momentum into the next five years, largely driven by one key growth engine: its consumer investment business.
This segment covers brokerage accounts, wealth management, and financial advisory services. In the fourth quarter of 2024, Bank of America Corporation (NYSE:BAC)’s consumer investment assets surpassed $500 billion for the first time in its history.
Management highlighted that these assets have doubled roughly every five years, and the bank anticipates reaching $1 trillion over the next five years. By the second quarter of 2025, assets had already risen to about $540 billion, marking a 13% year-over-year increase.
In addition to this, Bank of America Corporation (NYSE:BAC) is a solid dividend company, having raised its payouts for 11 consecutive years. Currently, the company offers a quarterly dividend of $0.28 per share and has a dividend yield of 2.15%, as of September 18.
11. British American Tobacco p.l.c. (NYSE:BTI)
Share Price as of the Close of September 17: $56.07
British American Tobacco p.l.c. (NYSE:BTI) is a British multinational company that manufactures cigarettes, tobacco, and other related products. The company has grown into one of the biggest names in the industry, largely thanks to its $49 billion acquisition of Reynolds American in 2017. The company now owns a portfolio of well-known cigarette brands such as Camel, Newport, Dunhill, Natural American Spirit, and Lucky Strike, along with newer alternatives like Vuse vaporizers, Glo heated tobacco devices, and Velo nicotine pouches.
Like its peers, British American Tobacco p.l.c. (NYSE:BTI) is working toward shifting a greater share of its business to next-generation products. Still, cigarettes remain its primary revenue driver. The company had aimed to generate around £5 billion (nearly $6 billion) in next-gen sales by 2025, but recent US restrictions on disposable products are expected to keep it from hitting that goal.
What sets British American Tobacco p.l.c. (NYSE:BTI) apart from rivals is its global reach. Unlike companies focused mainly on the US or specific international markets, BAT offers investors broad exposure across the entire tobacco sector. Its product lineup spans cigarettes, heated tobacco, vaporizers, and chewing tobacco, making it one of the best dividend stocks under $100.
British American Tobacco p.l.c. (NYSE:BTI) has raised its payouts every year since 2018. The company currently offers a quarterly dividend of $0.7391 per share and has a dividend yield of 5.61%, as of September 18.
10. Black Hills Corporation (NYSE:BKH)
Share Price as of the Close of September 17: $58.49
Black Hills Corporation (NYSE:BKH) is a modestly sized regulated utility that provides natural gas and electricity. Its operations are steady and predictable, serving about 1.35 million customers across Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming.
Black Hills Corporation (NYSE:BKH) has been growing its customer base at nearly three times the rate of US population growth, which is a positive indicator that could strengthen its case for securing regulatory approval on future investments and rate proposals. This steady expansion aligns with the company’s long-term goal of delivering 4% to 6% annual earnings growth, with dividend hikes projected to move in step with that trajectory.
Black Hills Corporation (NYSE:BKH) is also a Dividend King with 55 consecutive years of dividend growth under its belt. The company’s quarterly dividend comes in at $0.676 per share for a dividend yield of 4.61%, as of September 18.
9. Archer-Daniels-Midland Company (NYSE:ADM)
Share Price as of the Close of September 17: $61.47
Archer-Daniels-Midland Company (NYSE:ADM) is a global leader in agriculture, engaged in processing and trading food ingredients, animal feed, and biofuels. From 2016 to 2022, the company posted consistent profit growth, supported by strong demand for crops and biofuel. More recently, however, earnings have come under pressure from weaker crush margins— the conversion of soybeans into meal and oil— along with soft demand in its nutrition division and policy uncertainty surrounding biofuels.
Even so, Archer-Daniels-Midland Company (NYSE:ADM)’s scale and vertically integrated operations provide it with a strong edge in the industry. With worldwide demand for food and biofuels set to rise, the company is well-positioned to deliver steady long-term growth. The stock has surged by over 21% since the start of 2025.
Archer-Daniels-Midland Company (NYSE:ADM) also holds a 90-year-long history of paying regular dividends to shareholders. Moreover, it has raised its payouts for 52 years in a row, which makes it one of the best dividend stocks under $100. The company’s quarterly dividend comes in at $0.51 per share and has a dividend yield of 3.35%, as recorded on September 18.
8. Mondelez International, Inc. (NASDAQ:MDLZ)
Share Price as of the Close of September 17: $62.95
Mondelez International, Inc. (NASDAQ:MDLZ) is a global powerhouse in the snack industry, home to a wide range of iconic brands. It was created in 2012 after Kraft Foods Group spun off its grocery division, which later became Kraft Heinz, while keeping and rebranding its snack food business as Mondelez.
Since then, Mondelez International, Inc. (NASDAQ:MDLZ) has steadily broadened its portfolio, completing 10 acquisitions since 2018. These deals have strengthened its core categories while also pushing into adjacent markets. The guiding strategy is to target acquisitions that accelerate growth and fill gaps in its product lineup.
In recent years, Mondelez International, Inc. (NASDAQ:MDLZ) has increasingly focused on acquiring brands that specialize in healthier or premium offerings, either reinforcing its presence in core markets or extending its reach into new categories.
This strategy has enabled Mondelez International, Inc. (NASDAQ:MDLZ) to focus generously on its shareholder return. On July 30, the company declared a 6.4% hike in its quarterly dividend to $0.50 per share. This marked the company’s 12th consecutive year of dividend growth, which makes MDLZ one of the best dividend stocks under $100. As of September 18, the stock has a dividend yield of 3.16%.
7. The Coca-Cola Company (NYSE:KO)
Share Price as of the Close of September 17: $67.04
The Coca-Cola Company (NYSE:KO) is an American multinational beverage leader with a broad portfolio designed to keep pace with shifting consumer preferences, such as the gradual move away from sugary sodas toward healthier choices.
In an industry that evolves slowly, The Coca-Cola Company (NYSE:KO)’s scale gives it a strong advantage. Its powerful advertising creates demand that draws customers into stores, which in turn encourages retailers to give its products prime shelf space and maintain steady supplies. In addition, the decision to scale back on production has turned out to be either highly strategic and fortunate. Since most of the variable and often unpredictable costs in the beverage industry come from the bottling process, The Coca-Cola Company (NYSE:KO) has avoided much of the margin pressure faced by its bottling partners. In fact, the company has recently reported noticeable improvements in both operating and profit margins.
The Coca-Cola Company (NYSE:KO) is popular among income investors because of its generous dividends. The company has been rewarding shareholders with growing dividends for the past 63 years and currently offers a quarterly dividend of $0.51 per share. With a dividend yield of 3.07%, as of September 18, KO is among the best dividend stocks under $100.
6. Agree Realty Corporation (NYSE:ADC)
Share Price as of the Close of September 17: $71.98
Agree Realty Corporation (NYSE:ADC) is an American real estate investment trust company. It specializes in owning single-tenant properties where tenants cover most of the operating expenses, a setup known as a net lease. For sellers, this type of arrangement functions much like a financing deal. REITs such as Agree benefit from these transactions because they secure long-term tenants, manage properties that require little effort on their end, and typically gain from built-in rent increases. These deals become profitable when the REIT’s cost of capital is lower than the returns generated by the properties.
Agree Realty Corporation (NYSE:ADC) places a strong emphasis on retail assets, which are generally uniform, making them easy to acquire, sell, or re-lease when needed. The company’s entire portfolio is concentrated in the US retail market. Agree’s relatively smaller scale has enabled the company to expand at a faster pace. A clear example of this can be seen in its dividend performance, which has increased by about 65% over the past ten years.
Agree Realty Corporation (NYSE:ADC) is one of the best dividend stocks under $100 as the company has raised its payouts every year since 2021. Moreover, the company pays monthly dividends to shareholders. Its monthly payout currently stands at $0.256 per share and has a dividend yield of 4.29%, as recorded on September 18.
5. Nutrien Ltd. (NYSE:NTR)
Share Price as of the Close of September 17: $77.5
Nutrien Ltd. (NYSE:NTR) is one of the most recognized players in Canadian agriculture, providing vital crop inputs to farmers worldwide. Its large presence in both fertilizer production and agricultural retail makes it a popular choice among investors.
One of Nutrien Ltd. (NYSE:NTR)’s biggest strengths lies in its vertical integration. By overseeing both production and distribution, the company is able to capture more value across the supply chain, boost margins, and keep costs under control. This setup also helps it adapt more efficiently to market shifts, whether from changes in crop prices or fluctuations in input costs.
Another factor that makes Nutrien Ltd. (NYSE:NTR) appealing is its resilience during downturns. Agriculture is a fundamental industry, and farmers rely on fertilizers to maintain crop yields regardless of economic conditions. With global food demand continuing to rise, the company is positioned as a steady, long-term investment.
Nutrien Ltd. (NYSE:NTR) is also a solid dividend payer, having increased its payouts for seven years in a row. The company offers a quarterly dividend of $0.545 per share and has a dividend yield of 3.86%, as of September 18.
4. Stanley Black & Decker, Inc. (NYSE:SWK)
Share Price as of the Close of September 17: $78.65
Stanley Black & Decker, Inc. (NYSE:SWK) is an American manufacturer best known for its industrial tools, home hardware, and security solutions. The company is undergoing a meaningful transformation, having already achieved $1.7 billion of a planned $2 billion cost-cutting program. This effort has helped gross margins recover to 31.2%, an improvement of 1,200 basis points from the lowest point. At the same time, operating leverage has improved, and inventory levels have been brought down.
Stanley Black & Decker, Inc. (NYSE:SWK)’s Tools & Outdoor division makes up about 87% of total revenue, while its smaller Engineered Fastening unit supports industries such as aerospace, automotive, and broader industrial production.
Stanley Black & Decker, Inc. (NYSE:SWK) also has one of the strongest dividend track records on Wall Street. The company has paid dividends without interruption for 148 years. On July 24, it announced a 1.2% increase in its quarterly dividend to $0.83 per share, marking the 59th consecutive year of dividend growth. The stock has a dividend yield of 4.18%, as of September 18.
3. Merck & Co., Inc. (NYSE:MRK)
Share Price as of the Close of September 17: $81.59
Merck & Co., Inc. (NYSE:MRK) ranks among the largest pharmaceutical companies in the world. Drug discovery is a difficult and unpredictable process, and at present, investors are worried that the company’s existing patents may expire before it develops another blockbuster to replace its older products. The concern is understandable, given the company’s heavy dependence on revenue from a single drug, the cancer therapy Keytruda.
However, this type of situation is fairly common in the pharmaceutical industry. What sets Merck & Co., Inc. (NYSE:MRK) apart is its strong research and development capabilities and its scale, which allows it to acquire smaller companies to strengthen its pipeline when needed. These advantages have enabled the company to perform well over the long run and maintain a steady track record of raising its dividend for years.
Merck & Co., Inc. (NYSE:MRK) has been rewarding shareholders with growing dividends for the past 16 years, which makes it one of the best dividend stocks under $100. The company currently pays a quarterly dividend of $0.81 per share and has a dividend yield of 3.97%, as of September 18.
2. Target Corporation (NYSE:TGT)
Share Price as of the Close of September 17: $89.3
Target Corporation (NYSE:TGT) sells everyday essentials such as groceries, but what really sets it apart is the unique and exclusive merchandise it offers at affordable prices. This mix has helped make the retailer a favorite shopping destination for consumers across categories like clothing, accessories, footwear, and beauty products.
Although the stock has dropped nearly 35% since the beginning of 2025, Target Corporation (NYSE:TGT) still holds significant long-term growth potential. The company continues to expand its reach through new stores and online channels, supported by convenient same-day fulfillment options like curbside pickup (Drive Up) and delivery via Shipt.
In addition, Target Corporation (NYSE:TGT)’s dividend is reliable as the company has been growing its payouts for 54 consecutive years. On September 17, the company declared a quarterly dividend of $1.14 per share, which was in line with its previous dividend. With a dividend yield of 5.10% as of September 18, TGT is among the best dividend stocks under $100.
1. The Southern Company (NYSE:SO)
Share Price as of the Close of September 17: $91.89
The Southern Company (NYSE:SO) is a Georgia-based gas and electric utility holding company. In its latest earnings release, the company revealed that it had raised its five-year base capital plan by $13 billion, bringing the total to $76 billion. As of the second quarter of 2025, it was also reviewing around 10 gigawatts (GW) of new generation requests.
The Southern Company (NYSE:SO) also noted that it has a pipeline exceeding 50 GW of potential customer load, supported by strong demand from hyperscale clients and data centers in Georgia, Alabama, and Mississippi. The company emphasized its focus on disciplined, risk-adjusted contract structures designed to safeguard customer benefits while maintaining financial flexibility.
The Southern Company (NYSE:SO) is popular among income investors because of its solid dividend history. The company currently offers a quarterly dividend of $0.74 per share, having raised it by 2.8% in April 2025. This marked the company’s 24th consecutive year of dividend growth. Moreover, SO has paid regular dividends to shareholders for the past 78 years. The stock supports a dividend yield of 3.24%, as of September 18.
While we acknowledge the potential of SO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SO and that has 100x upside potential, check out our report about this cheapest AI stock.
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