Dividend Champions List Ranked By Yield: Top 10

9. National Retail Properties, Inc. (NYSE:NNN)

Dividend Yield as of December 20: 4.87%

National Retail Properties, Inc. (NYSE:NNN) is a Florida-based real estate investment trust that mainly invests in high-quality properties that are subject to long-term leases. The company currently pays a quarterly dividend of $0.55 per share for a dividend yield of 4.87%, as of December 20. The company has been raising its dividends consistently for the past 33 years, which places it as one of the best dividend stocks on our list.

In the third quarter of 2022, National Retail Properties, Inc. (NYSE:NNN) reported revenue of $193.4 million, which showed a 7.3% growth from the same period last year. At the end of September, the company had over $3.2 million available in cash and cash equivalents and its total assets amounted to roughly $8 billion.

In November, B. Riley maintained a Buy rating on National Retail Properties, Inc. (NYSE:NNN) with a $49 price target, presenting a neutral stance on the real estate sector.

As of the close of Q3 2022, 22 hedge funds tracked by Insider Monkey owned stakes in National Retail Properties, Inc. (NYSE:NNN), up from 18 in the previous quarter. The collective value of these stakes is over $186.7 million.