In this article, we will take a look at some of the best dividend stocks with high yields.
Dividend-paying stocks have been gaining popularity among investors due to their long-term advantages. According to Jeremy Zirin, who leads the US equity team for private clients at UBS Asset Management, companies with a consistent track record of increasing dividends are a smart choice for investors seeking a balanced approach in the current market environment. When markets dipped in April after President Donald Trump announced new tariff policies, investors gravitated toward high-yield dividend stocks. However, as trade tensions began to ease and negotiations progressed, markets recovered. Stocks surged particularly after the US and China agreed to temporarily reduce tariffs. He made the following comment about dividend stocks:
“The higher-dividend-yielding strategies tend to do better when markets are in real turmoil and declining, but if there’s more chop, more volatility and potentially upside … you don’t want to be overly defensive.”
Historically, companies that consistently increase their dividends have tended to be less volatile and often delivered stronger returns than the broader market, including benchmarks like the S&P Equal Weight Index. According to a report by Guggenheim, from May 2005 through December 2024, firms that either initiated or raised their dividends generated an average annual return of 10.5%. In contrast, companies that cut or suspended their payouts posted just 5.5% annually. The overall market returned 10.4% during this timeframe, slightly behind the dividend growers. The report also highlighted that dividend growth strategies have historically performed well in both rising and falling markets, making them an attractive option for investors focused on long-term gains and downside protection.
According to a report by S&P Global, the growth of global dividend payments had been slowing since the post-COVID recovery, but that trend reversed last year. In 2024, the growth rate unexpectedly accelerated to 8%, with shareholders receiving approximately $180 billion more than the previous year. This increase came as a surprise given the persistent geopolitical and economic challenges. The report also highlighted that several sectors and regions saw record dividend initiations, including the US technology, media, and telecom (TMT) sector, banks in Italy and Spain, Japan’s automotive industry, and a general rise in payouts from Mainland China. Even with extreme price fluctuations, dividend payments from the oil and gas sector remained strong. Looking ahead, the report suggested that this high level of dividends is likely to hold steady, with global payouts expected to remain at $2.3 trillion in 2025.
With growing investor appetite for dividend-paying stocks, many companies have responded by gradually increasing their dividend payouts. A report by Janus Henderson revealed that global dividend payments reached a record $1.75 trillion in 2024, reflecting a 6.6% rise on an underlying basis. The overall growth rate came in at 5.2%, slightly held back by a drop in special one-time dividends and the effect of a stronger U.S. dollar. Out of the 49 countries covered in the report, 17—including major economies such as the US, Canada, France, Japan, and China—posted record-high dividend levels. In total, 88% of companies either raised or held their dividends steady over the year. Given this, we will take a look at some of the best dividend growth stocks with high yields.
Our Methodology
For this list, we screened for dividend stocks with yields higher than 3% as of May 13. From this group, we further refined our selection criteria by identifying stocks with a dividend growth streak of 10 years or more. The stocks are ranked in ascending order of their dividend yields.
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20. Texas Instruments Incorporated (NASDAQ:TXN)
Dividend Yield as of May 13: 3.01%
Texas Instruments Incorporated (NASDAQ:TXN) is an American semiconductor company, headquartered in Texas. The company specializes in developing analog chips and embedded processors. The stock has surged by over 1% since the start of 2025. Over the past year, the company has placed a strong emphasis on how it manages its capital, with the goal of ensuring stable free cash flow. As part of this approach, it has ramped up investments in research and development, while also expanding its manufacturing operations. It has been working to build closer ties with customers, leveraging its online platform, TI.com, to enhance these direct connections. In addition, its commitment to sustainability remains aligned with environmental standards, which not only helps its public image but also supports its long-term operational goals.
In the first quarter of 2025, Texas Instruments Incorporated (NASDAQ:TXN) reported $4.07 billion in revenue, marking an 11% increase compared to the same period the previous year. The company posted a net income of $1.18 billion, with earnings per share coming in at $1.28, beating analysts’ expectations by $0.18. For the second quarter, the company forecasts revenue in the range of $4.17 billion to $4.53 billion and expects EPS between $1.21 and $1.47. It also projects a tax rate of 12% to 13% for the quarter.
Texas Instruments Incorporated (NASDAQ:TXN) continued to generate strong cash flow, which has supported returns to shareholders. Over the past 12 months, it recorded $6.2 billion in operating cash flow and $1.7 billion in free cash flow, reflecting the strength of its operations, robust product offerings, and efficient 300mm manufacturing. During this period, Texas Instruments allocated $3.8 billion toward R&D and SG&A expenses, invested $4.7 billion in capital projects, and returned $6.4 billion to shareholders.
Texas Instruments Incorporated (NASDAQ:TXN) currently pays a quarterly dividend of $1.36 per share and has a dividend yield of 3.01%, as of May 13. The company has been growing its payouts for 21 consecutive years, which makes it one of the best dividend stocks on our list.
19. Cullen/Frost Bankers, Inc. (NYSE:CFR)
Dividend Yield as of May 13: 3.06%
Cullen/Frost Bankers, Inc. (NYSE:CFR) is an American financial holding company that offers customers commercial and consumer banking services. The company hiked its quarterly dividend by 5.3% on May 1 to $1.00 per share. Through this increase, it stretched its dividend growth streak to 32 years, which makes CFR one of the best dividend stocks on our list. In addition to strong dividend growth, the stock offers an attractive dividend yield of 3.06%, as of May 13.
As of March 31, Cullen/Frost Bankers, Inc. (NYSE:CFR) held roughly $52 billion in total assets. In its most recent earnings update, the company announced plans to open its 199th branch in the Fort Worth area within the coming month, with the landmark 200th location to follow in Pflugerville, just outside Austin. These new branches mark a significant milestone, as the company has increased its branch count by more than 50% since launching its organic growth strategy in December 2018. The stock has climbed by over 21% in the past year.
For the first quarter of 2025, Cullen/Frost Bankers, Inc. (NYSE:CFR) reported $560.4 million in revenue, reflecting a 7.2% year-over-year increase and beating Wall Street estimates by $18.8 million. Net interest income rose to $416.2 million, up from $390 million in the same quarter last year. The company also reported growth in total assets, which increased to $41.6 billion from $40.7 billion in the first quarter of 2024.
18. The Hershey Company (NYSE:HSY)
Dividend Yield as of May 13: 3.21%
The Hershey Company (NYSE:HSY) is a Pennsylvania-based multinational confectionery company that is known for its chocolates, snacks, and pantry items. The company faced near-term challenges from reduced calorie consumption due to Ozempic and rising cocoa costs from poor harvests. The stock has declined by over 22% in the past 12 months. However, its long-term outlook remains stable thanks to diversified product offerings and pricing power to offset higher input costs.
In the first quarter of 2025, The Hershey Company (NYSE:HSY) reported revenue of $2.8 billion, which, though, fell by 13.7% YoY, beat analysts’ estimates by $11.9 million. The EPS of $2.09 also beat consensus by $0.16. The company’s quarterly consumption surpassed expectations across both its US Candy, Mint, and Gum segment and its Salty Snacks category, fueled by strong seasonal demand and the continued success of products like Dot’s and SkinnyPop. Although cost pressures remain elevated, management emphasized that the company’s solid balance sheet provides the flexibility to invest in growth initiatives and pursue recent strategic acquisitions, which enhance its better-for-you offerings and support long-term value creation.
The Hershey Company (NYSE:HSY) ended the quarter with over $1.5 billion available in cash and cash equivalents, up from $730.7 million at the end of December 2024. It is one of the best dividend stocks on our list as the company has raised its payouts for 15 years in a row. Currently, it offers a quarterly dividend of $1.37 per share and has a dividend yield of 3.21%, as of May 13.
17. AbbVie Inc. (NYSE:ABBV)
Dividend Yield as of May 13: 3.55%
AbbVie Inc. (NYSE:ABBV) is an American pharmaceutical company that is known for its focus on innovation and chronic disease treatments. The company is a strong dividend payer, having raised its payouts for 52 consecutive years. It offers a quarterly dividend of $1.64 per share and has a dividend yield of 3.55%, as of May 13.
AbbVie Inc. (NYSE:ABBV) delivered strong financial results in the first quarter of 2025. Revenue reached $13.3 billion, marking an 8.3% year-over-year increase and surpassing expectations by $422 million. Growth in its immunology portfolio, particularly from Skyrizi and Rinvoq, helped balance the anticipated decline in Humira sales. The company also saw solid performance in neuroscience and oncology, with Elahere generating $179 million globally, boosted by favorable results from the MIRASOL trial, which showed it significantly outperformed chemotherapy in ovarian cancer treatment.
AbbVie Inc. (NYSE:ABBV) continues to strengthen its pipeline through strategic acquisitions and partnerships. Recent moves include acquiring ImmunoGen to secure Elahere, purchasing Nimble Therapeutics to bolster its autoimmune offerings, and entering a licensing deal with Gubra to advance in the obesity drug market—a space dominated by rivals Eli Lilly and Novo Nordisk. ABBV has surged by over 5% since the start of 2025, which also makes it one of the best dividend stocks on our list.
16. Comcast Corporation (NASDAQ:CMCSA)
Dividend Yield as of May 13: 3.76%
Comcast Corporation (NASDAQ:CMCSA) is an American mass media company that offers a wide range of mobile phone and cable TV services. In the first quarter of 2025, the company reported revenue of $29.8 billion, which fell slightly by 0.57% from the same period last year. However, the revenue exceeded analysts’ estimates by $126.8 million.
Comcast Corporation (NASDAQ:CMCSA) reported a 4% increase in revenue from its connectivity segment, contributing to an expansion in Cable & Programming EBITDA margins, which reached 41.4%. Wireless performance was strong, with the highest number of line additions in the past two years. Business Services also delivered solid results, posting mid-single-digit growth in both revenue and EBITDA, with margins around 57%. Meanwhile, the Media segment experienced a 21% rise in EBITDA, reflecting continued momentum in streaming. The Theme Parks division maintained its impressive growth path, with management expressing enthusiasm for the upcoming launch of Epic Universe in Orlando and plans to develop a new flagship theme park in the UK.
Comcast Corporation (NASDAQ:CMCSA)’s cash position also remained strong as the company generated $8.3 billion in operating cash flow in the most recent quarter, and its free cash flow came in at $5.4 billion. During the quarter, it also returned $5.4 billion to shareholders through dividends and share repurchases. It offers a per-share dividend of $0.33 every quarter for a dividend yield of 3.76%, as of May 13. It is one of the best dividend stocks on our list with 21 consecutive years of dividend growth under its belt.
15. The J. M. Smucker Company (NYSE:SJM)
Dividend Yield as of May 13: 3.87%
The J. M. Smucker Company (NYSE:SJM) is an American food company, headquartered in Ohio. The company manufactures a wide range of food and beverage products. In its recent quarterly update, the company emphasized the importance of its procurement strategies amid rising commodity prices, especially green coffee, to help safeguard margins. The company also pointed to one-time factors, such as trademark impairments and supply chain disruptions, that negatively affected its overall operating performance and contributed to mixed results.
For fiscal Q3 2025, The J. M. Smucker Company (NYSE:SJM) reported $2.2 billion in revenue, a 2% year-over-year decline. It posted a net loss of $6.22 per diluted share, mainly due to noncash impairment charges tied to its Sweet Baked Snacks business. However, on an adjusted basis, earnings per share rose 5% to $2.61. Gross profit increased by $55 million, or 7%, thanks to improved pricing, cost efficiencies, and benefits from the Hostess Brands acquisition, though lower volumes and recent divestitures partially offset these gains.
Though The J. M. Smucker Company (NYSE:SJM) is a strong dividend company, its cash position took a hit this quarter. Free cash flow dropped significantly to $151.3 million, down 39.3% from the prior year, due to timing differences in tax payments and increased working capital needs. Operating cash flow also declined, highlighting the need for more disciplined cash management going forward. Despite these challenges, SJM remains appealing to income-focused investors, supported by a 23-year streak of dividend growth. Currently, it offers a quarterly dividend of $1.08 per share and has a dividend yield of 3.87%, as of May 13.
14. Evergy, Inc. (NASDAQ:EVRG)
Dividend Yield as of May 13: 4.01%
Evergy, Inc. (NASDAQ:EVRG) ranks fourteenth on our list of the best dividend stocks with high yields. The Missouri-based electric services company provides electricity generation, transmission, and distribution services to residential, commercial, industrial, and wholesale customers.
Evergy, Inc. (NASDAQ:EVRG) reported strong earnings in the first quarter of 2025. The company’s revenue came in at $1.37 billion, which grew by 3.27% from the same period last year and also beat analysts’ estimates by $356.5 million. During the quarter, key legislative developments were made to support economic growth in the region. In Missouri, Governor Mike Kehoe signed Senate Bill 4 into law, aimed at boosting infrastructure investment, resource reliability, and overall development. Meanwhile, Kansas passed Senate Bill 98 to strengthen its appeal to large data center clients, and House Bill 2107 emphasized the importance of ongoing infrastructure investments to reduce wildfire risks and enhance operational safety.
On May 8, Evergy, Inc. (NASDAQ:EVRG) declared a quarterly dividend of $0.6675 per share, which was in line with its previous dividend. Overall, the company has grown its dividends for 19 consecutive years. As of May 13, the stock has a dividend yield of 4.01%.
13. Skyworks Solutions, Inc. (NASDAQ:SWKS)
Dividend Yield as of May 13: 4.10%
Skyworks Solutions, Inc. (NASDAQ:SWKS) is an American semiconductor company, headquartered in California. The company develops wireless chips used across various sectors, including mobile devices, automotive systems, home automation, wireless infrastructure, and industrial applications. As an integrated device manufacturer (IDM), the company handles both the design and production of its chips in-house, rather than relying on external foundries.
In the first quarter of 2025, Skyworks Solutions, Inc. (NASDAQ:SWKS) reported revenue of $953.2 million, down 8.87% on a YoY basis. The revenue surpassed analysts’ estimates by $1.7 million. The company’s EPS came in at $1.24, beating consensus by $0.04. The company achieved key 5G design wins in high-end Android smartphones, securing placements in flagship models from brands such as Samsung Galaxy, Google Pixel, and Oppo. In addition, it strengthened its position in the Wi-Fi 7 market by gaining more design wins across a range of products, including enterprise access points, consumer routers, and home mesh networking systems.
Skyworks Solutions, Inc. (NASDAQ:SWKS)’s cash position also came in strong. The company posted an operating cash flow and a free cash flow of $410 million and $371 million, respectively. Moreover, it ended the quarter with over $1.5 billion available in cash and cash equivalents. Its quarterly dividend comes in at $0.70 per share and has a dividend yield of 4.10%, as of May 13. The company holds a 10-year track record of consistent dividend growth, which makes SWKS one of the best dividend stocks on our list.
12. Merck & Co., Inc. (NYSE:MRK)
Dividend Yield as of May 13: 4.26%
Merck & Co., Inc. (NYSE:MRK) is an American multinational pharmaceutical company that offers a wide range of related products and services to its consumers. The company recently announced a $3.9 billion acquisition of SpringWorks Therapeutics, marking its largest deal since 2019. This move is part of the company’s strategy to bolster its healthcare portfolio ahead of expected patent expirations. The all-cash transaction, priced at $47 per share—a 26% premium—grants Merck access to two FDA-approved treatments and a strong development pipeline. The acquisition is expected to begin contributing to earnings by 2027 and could generate as much as $1.6 billion in annual revenue by 2030, providing a valuable new growth avenue.
In the first quarter of 2025, Merck & Co., Inc. (NYSE:MRK) reported $15.5 billion in revenue, a 2% decline from the prior year but still ahead of analyst expectations by $198.2 million. Net income rose 6% year over year to $5.6 billion. Keytruda, the company’s leading cancer therapy, saw sales grow by 4% to $7.2 billion. Merck’s Animal Health segment also performed well, with a 5% increase in sales to $1.6 billion.
Merck & Co., Inc. (NYSE:MRK) is a solid dividend payer with 14 consecutive years of dividend growth under its belt. The company offers a quarterly dividend of $0.81 per share for a dividend yield of 4.26%, as of May 13. MRK is one of the best dividend stocks on our list.
11. Perrigo Company plc (NYSE:PRGO)
Dividend Yield as of May 13: 4.42%
Perrigo Company plc (NYSE:PRGO), headquartered in Ireland, specializes in self-care and over-the-counter health products. Its mission is to support personal wellness by helping consumers take control of managing or preventing common, treatable health issues independently. Since the start of 2025, the stock has surged by nearly 1%.
In the first quarter of 2025, Perrigo Company plc (NYSE:PRGO) reported revenue of $1.04 billion, down 3.5% on a YoY basis. The revenue missed analysts’ estimates; however, the EPS of $0.60 beat the consensus by $0.03. The company’s operating margin rose by 550 basis points to reach 14.0%, mainly due to improved adjusted gross margin and gains from Project Energize. It also updated its fiscal 2025 guidance, now expecting reported net sales to grow between 0% and 3%, compared to the earlier range of 1% to 3%. The forecast for organic net sales growth was adjusted to 1.5% to 4.5%, down from the previous 2.5% to 4.5% range.
Perrigo Company plc (NYSE:PRGO) ended the quarter with $410 million in cash and cash equivalents, and its total assets amounted to $9.7 billion. During the quarter, it returned $41 million to shareholders through dividends. Currently, it pays a quarterly dividend of $0.29 per share and has a dividend yield of 4.42%, as of May 13. Due to its strong cash position, the company managed to raise its payouts for 22 consecutive years.
10. U.S. Bancorp (NYSE:USB)
Dividend Yield as of May 13: 4.52%
U.S. Bancorp (NYSE:USB) is an American bank holding company, headquartered in Minnesota. It operates mainly as a commercial bank, generating nearly all of its revenue from loans and various consumer banking services. The company maintains a strong focus on consumer banking and is known for consistently delivering some of the highest profitability and efficiency figures in the industry. The stock has surged by nearly 7% in the past 12 months.
In the first quarter of 2025, U.S. Bancorp (NYSE:USB) reported $6.93 billion in revenue, reflecting a 3.7% year-over-year increase and surpassing analyst estimates by $18.6 million. Net income for the quarter reached $1.7 billion, while the net interest margin rose to 2.72%, up slightly from both the previous year and the prior quarter.
As of March 31, 2025, U.S. Bancorp (NYSE:USB)’s Common Equity Tier 1 (CET1) capital ratio improved to 10.8%, compared to 10.6% at the end of 2024. Average total loans grew 2.1% from a year earlier and 0.9% from the previous quarter. On March 11, the company declared a quarterly dividend of $0.50 per share, holding steady with its prior payout. With 14 consecutive years of dividend increases and a yield of 4.52% as of May 13, USB remains one of the best dividend stocks to invest in.
9. Stanley Black & Decker, Inc. (NYSE:SWK)
Dividend Yield as of May 13: 5.23%
Stanley Black & Decker, Inc. (NYSE:SWK) is an American manufacturing company that specializes in industrial tools, household hardware, and security products. The company reported an earnings beat in the first quarter of 2025. Its revenue of $3.74 billion surpassed analysts’ estimates by $24.8 million. The company posted an EPS of $0.75, which also beat consensus by $0.09.
In its earnings call, Stanley Black & Decker, Inc. (NYSE:SWK) mentioned that the company began the year on strong footing, reporting a solid first quarter marked by one point of organic revenue growth and improved gross margins compared to the previous year, both reflecting steady progress toward its strategic goals. The company also continued its trend of revenue gains for its professional-grade DEWALT brand.
Stanley Black & Decker, Inc. (NYSE:SWK) ended the quarter with $344.8 million available in cash and cash equivalents, up from $290.5 million at the end of December 2024. The company declared a quarterly dividend of $0.82 on April 25, which fell in line with its previous dividend. It has been making regular dividend payments to shareholders for the past 148 years and has raised its payouts for 58 consecutive years. With a dividend yield of 5.23%, as of May 13, SWK is one of the best dividend stocks on our list.
8. Canadian Natural Resources Limited (NYSE:CNQ)
Dividend Yield as of May 13: 5.53%
Canadian Natural Resources Limited (NYSE:CNQ) is a major crude oil and natural gas producer, with active operations across several core areas such as Western Canada, the UK North Sea, and offshore regions in Africa. The company’s broad and varied asset base has helped it maintain strong performance even amid fluctuating commodity prices.
As the sole or majority owner of most of its projects, Canadian Natural Resources Limited (NYSE:CNQ) benefits from the ability to reallocate capital efficiently across its portfolio to capitalize on favorable market conditions. The company also maintains a solid balance sheet, and its scale provides the financial strength to pursue major strategic acquisitions when opportunities emerge during downturns in the energy industry.
In the first quarter of 2025, Canadian Natural Resources Limited (NYSE:CNQ) posted revenue of $47.6 billion, down 2.2% from the same period last year. The revenue also missed analysts’ estimates by $783.3 million. The company reported record production levels, reaching about 1,582,000 barrels of oil equivalent per day. This included a record 1,174,000 barrels per day of liquids, with 79% coming from long-life, low-decline assets, along with record natural gas production of 2,451 million cubic feet per day.
Canadian Natural Resources Limited (NYSE:CNQ)’s cash position remained strong with an operating cash flow of $4.3 billion, up from $2.8 billion in the prior-year period. Year-to-date, the company returned $2.4 billion through dividends. Currently, it offers a quarterly dividend of C$0.5875 per share and has a dividend yield of 5.53%, as of May 13. It has been growing its payouts for 25 consecutive years, which makes CNQ one of the best dividend stocks on our list.
7. Flowers Foods, Inc. (NYSE:FLO)
Dividend Yield as of May 13: 5.58%
Flowers Foods, Inc. (NYSE:FLO) ranks seventh on our list of the best dividend stocks with high yields. The Georgia-based bakery products company reported that its first-half performance in 2025 is expected to benefit from recent business wins, cost-cutting efforts, favorable pricing, and lower commodity costs. However, management cautioned that these tailwinds may taper off in the second half, with rising input costs and ongoing category challenges likely to weigh on results. The company also expressed optimism about its planned acquisition of Simple Mills, which is expected to enhance adjusted EBITDA in 2025 but may temporarily reduce adjusted EPS.
In the fourth quarter of 2024, Flowers Foods, Inc. (NYSE:FLO) posted revenue of $1.11 billion, down 1.6% year-over-year and below analysts’ forecasts by $19.7 million. However, net income rose 20.9% to $43.1 million, representing nearly 4% of sales. Adjusted EBITDA increased by 6.3% to $102.4 million, accounting for 9.2% of net sales and reflecting a 70-basis point margin improvement.
For fiscal year 2024, Flowers Foods, Inc. (NYSE:FLO)’s operating cash flow rose to $412.7 million, up $63.3 million from the prior year. The company returned $203 million to shareholders through dividends. The company’s quarterly dividend comes in at $0.24 per share and has a dividend yield of 5.58%, as of May 13. It has been rewarding shareholders with growing dividends for the past 22 years.
6. Amcor plc (NYSE:AMCR)
Dividend Yield as of May 13: 5.59%
Amcor plc (NYSE:AMCR) is an Australian packaging company. It recently completed its all-stock merger with Berry Global, strengthening its standing as a global leader in packaging solutions for consumer and healthcare markets. The deal brings together advanced material science and innovation expertise, positioning the company to drive product innovation and support sustainability goals. With $650 million in expected synergies and new avenues for growth, Amcor aims to deliver strong value for both its customers and shareholders in the near and long term.
In fiscal Q3 2025, Amcor plc (NYSE:AMCR) reported revenue of $3.33 billion, which showed a 2% decline from the same period last year. Overall volumes remained consistent with the previous year, as subdued consumer demand was balanced by slight gains in market share. Regionally, North America saw a general decline in volumes compared to the prior quarter, including in the beverage segment. For fiscal 2026, the company anticipates that $260 million in pre-tax synergies—excluding any growth from the core business—will contribute to an estimated 12% increase in adjusted earnings per share.
In the first nine months of 2025, Amcor plc (NYSE:AMCR) generated $276 million in operating cash flow. The company had over $2 billion available in cash and cash equivalents, up from $588 million in the prior-year period. It currently offers a quarterly dividend of $0.1275 per share and has a dividend yield of 5.59%, as of May 13. It is one of the best dividend stocks as the company has raised its payouts for 41 consecutive years.
5. Edison International (NYSE:EIX)
Dividend Yield as of May 13: 5.89%
Edison International (NYSE:EIX) is an American public utility company, headquartered in California. The company specializes in the generation of electricity from multiple sources, including natural gas, nuclear energy, and renewables.
In the first quarter of 2025, Edison International (NYSE:EIX) reported revenue of $3.8 billion, which fell by 6.5% from the same period last year. The revenue missed analysts’ estimates by $493.9 million. Its EPS came in at $1.37, which beat the consensus by $0.16. The company’s operating income came in at $2.1 billion, growing significantly from $245 million in the prior-year period. Meanwhile, the company reaffirmed its 2025 Core EPS guidance in the range of $5.94 to $6.34 and expressed continued confidence in achieving a 5% to 7% annual growth in Core EPS through 2028, projecting earnings between $6.74 and $7.14 by that time.
Edison International (NYSE:EIX)’s cash position remained strong as the company ended the quarter with $1.3 billion in cash and cash equivalents, up from $193 million at the end of December 2024. The company’s operating cash flow came in at $1.2 billion. It currently offers a quarterly dividend of $0.8275 per share and has a dividend yield of 5.89%, as of May 13. EIX is one of the best dividend stocks on our list as the company has raised its payouts for 21 years straight.
4. United Parcel Service, Inc. (NYSE:UPS)
Dividend Yield as of May 13: 6.84%
United Parcel Service, Inc. (NYSE:UPS) ranks fourth on our list of the best dividend growth stocks with high yields. The American multinational shipping and supply chain management company is one of the world’s largest organizations. The company offers a wide array of comprehensive logistics services to clients across over 200 countries and regions worldwide.
In the first quarter of 2025, United Parcel Service, Inc. (NYSE:UPS) reported revenue of $21.5 billion, compared with $21.7 billion in the same period last year. The revenue exceeded analysts’ estimates by $496.7 million. The company reported consolidated operating profit of $1.7 billion in the first quarter, reflecting a 3.3% increase year-over-year and a 0.9% rise on an adjusted non-GAAP basis. In the US segment, revenue rose by 1.4%, supported by gains in air cargo and a 4.5% uptick in revenue per piece, which helped counterbalance lower volumes. The adjusted operating margin for the segment stood at 7.0%.
United Parcel Service, Inc. (NYSE:UPS) generated $2.3 billion in operating cash flow, and its free cash flow amounted to $$1.48 billion. Due to this consistent cash generation, the company has been able to raise its payouts for 23 consecutive years. It offers a quarterly dividend of $1.64 per share and has a dividend yield of 6.84%, as of May 13.
3. Enterprise Products Partners L.P. (NYSE:EPD)
Dividend Yield as of May 13: 6.88%
Enterprise Products Partners L.P. (NYSE:EPD) is an American midstream energy company that operates an extensive portfolio of infrastructure. The limited partnership manages a vast network of more than 50,000 miles of pipelines, which carry crude oil, natural gas, natural gas liquids (NGLs), and various hydrocarbons throughout the United States. In addition, it owns and operates natural gas processing units, storage facilities for liquids, fractionation plants, and other midstream infrastructure. Its financial performance remains resilient and is not heavily influenced by changes in commodity prices. The stock has delivered an over 10% return in the past 12 months.
In the first quarter of 2025, Enterprise Products Partners L.P. (NYSE:EPD) reported revenue of $15.4 billion, which showed a 4.45% growth from the same period last year. The revenue also exceeded analysts’ estimates by $1.4 billion. The company’s operating income came in at $1.76 billion, and its net income was $1.4 billion.
Enterprise Products Partners L.P. (NYSE:EPD)’s cash position makes it one of the best dividend stocks on our list. In the most recent quarter, the company reported an operating cash flow of $2.1 billion, and its free cash flow came in at $1.05 billion. Its quarterly dividend comes in at $0.535 per share for a dividend yield of 6.88%, as of May 13. The company’s dividend growth streak spans 27 years.
2. Polaris Inc. (NYSE:PII)
Dividend Yield as of May 13: 6.98%
Polaris Inc. (NYSE:PII) is a well-established automotive manufacturer with a 70-year history. The company focuses on powersports vehicles, which are divided into three core segments: off-road vehicles (such as ATVs, snowmobiles, and side-by-sides), on-road vehicles (including motorcycles and light-duty utility models), and marine offerings like pontoons and deck boats. Polaris maintains a leading or second-place market position across all the categories it serves. Its extensive dealer network helps the company effectively distribute its vehicles and accessories while supporting robust investment in R&D to enhance safety, performance, design, and innovation.
In the first quarter of 2025, Polaris Inc. (NYSE:PII) posted mixed results. Revenue reached $1.5 billion, down 12% year-over-year. However, the revenue still came in $10 million above Wall Street expectations. North American sales, which made up 84% of the total, were close to $1.3 billion, representing an 11% decline from the prior year. The overall sales dip was mainly driven by weaker volumes and softer net pricing, partly due to increased promotional activity, though this was somewhat balanced by a better product mix.
Despite these challenges, Polaris Inc. (NYSE:PII) maintained a solid financial position. The company closed the quarter with $291.7 million in cash and cash equivalents. Operating cash flow also saw a turnaround, improving to $83.2 million compared to an outflow of $105 million in the same quarter of 2024. The company has been growing its payouts for 30 consecutive years, which makes it one of the best dividend stocks. Its quarterly dividend is $0.67 per share for a dividend yield of 6.98%, as of May 13.
1. Altria Group, Inc. (NYSE:MO)
Dividend Yield as of May 13: 7.21%
Altria Group, Inc. (NYSE:MO) is a Virginia-based tobacco company that produces a variety of cigarette and nicotine-related products. As smoking rates have declined, the company has relied on price increases to maintain its revenue base—a strategy that was evident in its first-quarter performance. While total cigarette shipment volumes dropped by 13.7%, the Marlboro brand saw a 13.3% decline, other premium brands fell by 9.2%, and discount brands experienced a steep 24.9% drop. Cigar shipments also edged down by 2.9%.
Despite these volume declines, Altria Group, Inc. (NYSE:MO)’s smokeable products segment delivered growth in adjusted operating income, supported by Marlboro’s strong contribution. In the oral tobacco segment, the on! brand continued to build momentum, with Helix investing strategically to enhance its market position. Altria generated $4.5 billion in revenue during the quarter, a 4.2% year-over-year decline that came in below analyst expectations by $96.2 million.
Nonetheless, Altria Group, Inc. (NYSE:MO) remained committed to shareholder returns, distributing $1.7 billion in dividends during the period. The company also maintained a solid liquidity position, closing the quarter with $4.7 billion in cash and cash equivalents. It offers a per-share dividend of $1.02 every quarter and has a dividend yield of 7.2%, as of May 13. The company is a Dividend King with 55 consecutive years of dividend growth under its belt.
Overall, Altria Group, Inc. (NYSE:MO) ranks first on our list of the best dividend growth stocks with high yields. While we acknowledge the potential of MO as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than MO but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.
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