5 Best Long-Term Dividend Stocks with Over 4% Yield

3. Universal Corporation (NYSE:UVV)

Dividend Yield as of April 4: 5.37%

Number of Years of Consecutive Dividend Increases: 51

Number of Hedge Fund Holders: 7

Universal Corporation (NYSE:UVV) is a significant dividend king, with the company increasing its dividends for 51 years back-to-back. Universal Corporation (NYSE:UVV) is a Virginia-based supplier of leaf tobacco and plant-based ingredients worldwide. The company offers a dividend yield that is higher than the average consumer staples sector yield of 1.89%. 

On February 2, Universal Corporation (NYSE:UVV) declared a quarterly dividend of $0.78 per share. The dividend is distributable on May 2, for shareholders of the company as of April 11. Universal Corporation (NYSE:UVV) delivers a dividend yield of 5.37% as of April 4, and is one of the best long-term dividend stocks to consider. 

Universal Corporation (NYSE:UVV) announced its financial results for the fourth quarter of 2021 on February 2, posting non-GAAP earnings per share of $1.80. The company’s revenue for Q4 came in at $652.6 million. 

According to the fourth quarter database of Insider Monkey, 7 hedge funds held long positions in Universal Corporation (NYSE:UVV), with collective stakes amounting to $79.3 million. Pzena Investment Management is the biggest shareholder of the company, with 883,485 shares worth $48.5 million.