In this article, we will take a look at the 5 Best Dividend Stocks with 5%+ Yields and Growing Cash Flows. For deeper discussion and analysis, read 10 Best Dividend Stocks with 5%+ Yields and Growing Cash Flows.
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5. Pfizer Inc. (NYSE:PFE)
Short Percentage of Float: 2.34%
Dividend Yield as of May 14: 6.68%
Levered Free Cash Flow: $12.38 Billion
On May 14, Wolfe Research analyst Alexandria Hammond raised the firm’s price recommendation on Pfizer Inc. (NYSE:PFE) to $26 from $25. It reiterated an Underperform rating on the shares following what the firm described as “a rather uneventful print.” The analyst said the revenue beat “likely warranted a guidance raise if it weren’t for the unpredictable COVID” business. The target increase reflected the firm’s view on five-year sales CAGR and Vyndamax exclusivity through 2031.
During the Q1 2026 earnings call, Pfizer described the quarter as operationally strong. Chairman and CEO Albert Bourla highlighted two legal developments that he said strengthened the company’s long-term outlook. Bourla said the recent settlement agreements related to patent infringement claims involving Vyndamax could meaningfully improve Pfizer’s growth profile after 2028. He added that the agreements increased management’s confidence that the company could achieve five years of high single-digit revenue CAGR beginning in 2029.
He also pointed to the Belgian court ruling tied to EU Comirnaty contracts, saying it should support future EPS and cash flow. According to Bourla, stronger cash flow visibility gives the company more flexibility in its broader capital allocation strategy, including maintaining and supporting the dividend.
Pfizer Inc. (NYSE:PFE) is a research-based global biopharmaceutical company focused on the discovery, development, manufacturing, marketing, sale, and distribution of biopharmaceutical products worldwide.
4. MPLX LP (NYSE:MPLX)
Short Percentage of Float: 2.23%
Dividend Yield as of May 14: 7.75%
Levered Free Cash Flow: $2 Billion
On May 14, Barclays analyst Theresa Chen raised the firm’s price recommendation on MPLX LP (NYSE:MPLX) to $59 from $58. It reiterated an Overweight rating on the shares. The firm said it sees an “increasingly constructive backdrop” for U.S. crude production.
During the Q1 2026 earnings call, MPLX reported more than $1.7 billion in adjusted EBITDA. President, CEO, and Chairman Maryann Mannen said the results supported the return of more than $1.1 billion to unitholders. She added that 2026 would largely focus on execution, with several projects expected to move from construction into operations and begin contributing to EBITDA.
Mannen said the company’s expected growth in 2026 is tied to the timing of major projects entering service. She noted that Secretariat I began operations in April, Harmon Creek III is expected to come online in the third quarter, and the Titan gas treating complex is projected to exceed 400 million cubic feet per day of treating capacity in the fourth quarter. According to Mannen, these projects should help drive stronger year-over-year growth in 2026 compared with 2025.
She also highlighted progress across the company’s midstream and downstream infrastructure projects. Mannen said the Blackcomb natural gas pipeline remains on schedule and is expected to enter service in the fourth quarter. The BANGL pipeline expansion to 300,000 barrels per day is also projected to begin operations during the fourth quarter.
MPLX LP (NYSE:MPLX) is a diversified large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets while also providing fuels distribution services. Its operations are organized into two segments: Crude Oil and Products Logistics, and Natural Gas and NGL Services.
3. Enterprise Products Partners L.P. (NYSE:EPD)
Short Percentage of Float: 1.17%
Dividend Yield as of May 14: 5.61%
Levered Free Cash Flow: $1.02 Billion
On May 14, Goldman Sachs raised its price recommendation on Enterprise Products Partners L.P. (NYSE:EPD) to $39 from $37. It reiterated a Neutral rating on the shares. The firm said Enterprise Products delivered a stronger-than-expected quarter, supported by strength in gas marketing. Analysts also pointed to more constructive long-term commentary around US energy export demand and global supply dynamics. The research note added that investors are still weighing the company’s previously conservative guidance, geopolitical support for pricing, and the possibility of additional upside from future optimization efforts and macro-driven pricing improvements.
On May 12, Scotiabank analyst Brandon Bingham raised the firm’s price goal on EPD to $40 from $39. It maintained a Sector Perform rating on the shares. The analyst said the Q1 reporting season highlighted the ability of midstream companies to generate outsized earnings during periods of market turbulence and disruption.
Enterprise Products Partners L.P. (NYSE:EPD) provides midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, refined products, and petrochemicals.
2. Energy Transfer LP (NYSE:ET)
Short Percentage of Float: 0.93%
Dividend Yield as of May 14: 6.63%
Levered Free Cash Flow: $1.72 Billion
On May 14, Barclays raised its price recommendation on Energy Transfer LP (NYSE:ET) to $23 from $22. It reiterated an Overweight rating on the shares. The firm said it sees an “increasingly constructive backdrop” for U.S. crude production. The analyst added that Energy Transfer “remains undervalued given fundamental tailwinds on multiple fronts.”
During the Q1 2026 earnings call, Energy Transfer reported adjusted EBITDA of about $4.9 billion for the quarter. Co-CEO Thomas Long said distributable cash flow attributable to partners, as adjusted, totaled roughly $2.7 billion. Long said the company raised its 2026 adjusted EBITDA guidance and now expects results to range between about $18.2 billion and $18.6 billion. He also noted that Energy Transfer increased its 2026 organic growth capital spending outlook to a range of about $5.5 billion to $5.9 billion.
According to Long, the quarter’s results were supported by strong operating performance across the business. He pointed to record volumes in midstream gathering, NGL fractionation, NGL exports, and crude oil transportation. He also highlighted progress on expansion projects across the company’s infrastructure network. Long said Energy Transfer recently approved the construction of the new Springerville Lateral on the existing Transwestern Pipeline. The project is expected to provide about 625 million cubic feet per day of capacity, is supported by 20-year agreements, and is projected to enter service in the fourth quarter of 2029.
Energy Transfer LP (NYSE:ET) owns and operates a diversified portfolio of energy assets across the United States, including more than 140,000 miles of pipeline and related energy infrastructure. Its network spans 44 states and includes assets across all major U.S. production basins.
1. Lincoln National Corporation (NYSE:LNC)
Short Percentage of Float: 0.01%
Dividend Yield as of May 14: 5.21%
Levered Free Cash Flow: $2.8 Billion
On May 14, UBS raised its price recommendation on Lincoln National Corporation (NYSE:LNC) to $39 from $37. It reiterated a Neutral rating on the shares. The firm said it updated its model following the company’s Q1 earnings report.
Lincoln Financial Group said first-quarter results reflected continued execution across the business. Chairman, President, and CEO Ellen Cooper stated that adjusted operating income increased 16%, marking the company’s seventh consecutive quarter of year-over-year growth. She added that Lincoln remains focused on strengthening its capital position, improving its operating model, and driving profitable growth across its businesses.
Cooper also pointed to changes within the annuities segment. She said total sales reached $3.9B, with spread-based products making up 64% of sales as the company continues working toward a more balanced business mix with lower market sensitivity. She added that variable annuity sales declined from the prior year, which aligned with Lincoln’s longer-term strategy to reduce exposure to market volatility.
In the life insurance segment, Cooper said first-quarter sales rose more than 30% year over year to $129M. She noted that the stronger sales momentum would take time to contribute meaningfully to earnings and free cash flow.
Executive Vice President and CFO Christopher Neczypor said the quarter’s results were supported by underwriting performance and investment income. He stated that adjusted operating income available to common stockholders totaled $326M, or $1.66 per diluted share. Neczypor also noted that the quarter included two normalizing items, including alternative investment performance and a one-time $7M unfavorable tax-related impact.
Lincoln National Corporation (NYSE:LNC) is a holding company that operates insurance and retirement businesses through subsidiary companies. Its operations are organized into four segments: Annuities, Life Insurance, Group Protection, and Retirement Plan Services.
While we acknowledge the potential of LNC 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 LNC and that has 100x upside potential, check out our report about the cheapest AI stock.
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