Dividend Champions, Contenders and Challengers List: 5 Highest Yielding Stocks

4. Lincoln National Corporation (NYSE:LNC)

Dividend Yield as of May 1: 8.38%

Lincoln National Corporation (NYSE:LNC) is an American insurance company that offers insurance and other investment management services to its consumers. On February 16, the company declared a quarterly dividend of $0.45 per share, which fell in line with its previous dividend. It has been raising its dividends consistently for the past 11 years, which makes it one of the best dividend stocks on our list. The stock’s dividend yield on May 1 came in at 8.38%.

As of the close of Q4 2022, 36 hedge funds tracked by Insider Monkey reported having stakes in Lincoln National Corporation (NYSE:LNC), valued at roughly $505 million collectively.