5 Highest Dividend-Paying Stocks in the S&P 500

4. Lincoln National Corporation (NYSE:LNC)

Dividend Yield as of March 12: 6.62%

Lincoln National Corporation (NYSE:LNC) is a diversified financial services company that offers life insurance products, including term life, whole life, universal life, and variable universal life insurance policies. The company has been making regular dividend payments to shareholders since 1989, which makes LNC one of the best dividend stocks with high yields. Currently, it offers a quarterly dividend of $0.45 per share and has a dividend yield of 6.62%, as of March 12.

At the end of December 2023, 31 hedge funds in Insider Monkey’s database reported having stakes in Lincoln National Corporation (NYSE:LNC), up from 25 in the preceding quarter. The total value of these stakes is over $270 million.

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