5 Best Dividend Aristocrats With Over 3% Yield

In this article, we discuss 5 best dividend aristocrats with over 3% yield. If you want to read our detailed analysis of the past performance of dividend aristocrats, go directly to read 11 Best Dividend Aristocrats With Over 3% Yield. 

5. Stanley Black & Decker, Inc. (NYSE:SWK)

Dividend Yield as of October 16: 4.18%

Stanley Black & Decker, Inc. (NYSE:SWK) is an American manufacturing company that mainly specializes in industrial tools and is also a provider of security products.

Stanley Black & Decker, Inc. (NYSE:SWK) has a strong dividend history, as the company has been making consistent dividend payments for the past 146 years. In addition to this, it has raised its dividend every year since 1968, coming through as one of the best dividend stocks. The company’s dividend payments will remain stable as it expects to generate $1.0 billion to $1.5 billion in free cash flow in the second half of 2022. As of October 16, the stock’s dividend yield came to be 4.18%.

In October, Barclays maintained an Overweight rating on Stanley Black & Decker, Inc. (NYSE:SWK) with a $118 price target, highlighting the company’s Tools and Outdoor segment’s performance.

At the end of Q2 2022, 32 hedge funds in Insider Monkey’s database owned stakes in Stanley Black & Decker, Inc. (NYSE:SWK), compared with 38 a quarter earlier. The collective value of these stakes is roughly $497 million. Among these hedge funds, Greenhaven Associates was the company’s leading stakeholder in Q2.