Dividend Kings Ranked By Yield: Top 10

In this article, we discuss 10 dividend kings with the highest dividend yields. If you want to read our detailed analysis of dividend-growing stocks and their performance over the years, go directly to read Dividend Kings Ranked By Yield: Top 25.

10. Kimberly-Clark Corporation (NYSE:KMB)

Dividend Yield as of November 10: 3.94%

Kimberly-Clark Corporation (NYSE:KMB) is a Texas-based consumer goods company that primarily focuses on the production and marketing of paper-based consumer products. The company’s quarterly dividend comes in at $1.18 per share for a dividend yield of 3.94%, as of November 10. It is one of the best dividend kings with 51 years of consecutive dividend growth under its belt.

As of the close of Q2 2023, 38 hedge funds tracked by Insider Monkey held stakes in Kimberly-Clark Corporation (NYSE:KMB), compared with 40 in the previous quarter. The overall value of these stakes is more than $817.5 million.

9. Target Corporation (NYSE:TGT)

Dividend Yield as of November 10: 4.11%

Target Corporation (NYSE:TGT) is a large American retail corporation with a diverse range of products and services. The company’s dividend growth streak spans over 52 years and it currently pays a quarterly dividend of $1.10 per share. The stock’s dividend yield on November 10 came in at 4.11%.

At the end of Q2 2023, 45 hedge funds in Insider Monkey’s database reported having stakes in Target Corporation (NYSE:TGT), down slightly from 46 in the previous quarter. These stakes have a consolidated value of over $882.8 million.  With over 2 million shares, Millennium Management was the company’s leading stakeholder in Q2.

8. AbbVie Inc. (NYSE:ABBV)

Dividend Yield as of November 10: 4.48%

AbbVie Inc. (NYSE:ABBV) is a global pharmaceutical company that focuses on the discovery, development, and commercialization of innovative medicines. The company has raised its dividends for 51 consecutive years and it offers a quarterly dividend of $1.55 per share. As of November 10, the stock has a dividend yield of 4.48%, becoming one of the best dividend kings on our list.

The number of hedge funds owning stakes in AbbVie Inc. (NYSE:ABBV) stood at 74 at the end of Q2 2023, according to Insider Monkey’s database. The total value of these stakes is more than $2.3 billion.

7. Federal Realty Investment Trust (NYSE:FRT)

Dividend Yield as of November 10: 4.75%

Federal Realty Investment Trust (NYSE:FRT) is an American real estate investment trust company that primarily invests in and owns retail properties, including shopping centers and mixed-use developments. On November 2, the company declared a quarterly dividend of $1.09 per share, which was in line with its previous dividend. In 2023, the company stretched its dividend growth streak to 56 years. The stock has a dividend yield of 4.75%, as of November 10.

At the end of June 2023, 15 hedge funds in Insider Monkey’s database owned stakes in Federal Realty Investment Trust (NYSE:FRT), worth collectively nearly $125 million.

6. Black Hills Corporation (NYSE:BKH)

Dividend Yield as of November 10: 5.15%

Black Hills Corporation (NYSE:BKH) is a diversified energy company that operates in the utility and non-utility sectors, providing a range of energy-related products and services. The company pays a quarterly dividend of $0.625 per share and has a dividend yield of 5.15%, as of November 10. It has been growing its payouts for 52 years running, which makes it one of the best dividend kings on our list.

Black Hills Corporation (NYSE:BKH) was a part of 20 hedge fund portfolios at the end of Q2 2023, up from 18 in the previous quarter, according to Insider Monkey’s database. The collective value of stakes owned by these hedge funds is over $113.4 million.

5. Northwest Natural Holding Company (NYSE:NWN)

Dividend Yield as of November 10: 5.41%

Northwest Natural Holding Company (NYSE:NWN) is an Oregon-based company that is primarily involved in the distribution of natural gas. On October 12, the company hiked its quarterly dividend by 0.6% to $0.4875 per share. Through this increase, the company stretched its dividend growth streak to 68 years. As of November 10, the stock has a dividend yield of 5.41%.

As of the close of Q2 2023, 13 hedge funds in Insider Monkey’s database reported having stakes in Northwest Natural Holding Company (NYSE:NWN), up from 12 in the previous quarter. The total value of these stakes is over $13.7 million.

4. Universal Corporation (NYSE:UVV)

Dividend Yield as of November 10: 6.19%

Universal Corporation (NYSE:UVV) is a global leaf tobacco supplier and processor. The company offers a quarterly dividend of $0.80 per share, growing it by 1.3% in May this year. This marked the company’s 53rd consecutive year of dividend growth. The stock’s dividend yield on November 10 came in at 6.19%.

The number of hedge funds tracked by Insider Monkey owning stakes in Universal Corporation (NYSE:UVV) grew to 16 in Q2 2023, from 13 in the previous quarter. The consolidated value of these stakes is more than $68.3 million. Among these hedge funds, Pzena Investment Management was the company’s leading stakeholder in Q2.

3. 3M Company (NYSE:MMM)

Dividend Yield as of November 10: 6.54%

An American multinational conglomerate, 3M Company (NYSE:MMM) is next on our list of the best dividend kings to invest in. As of November 10, the stock offers a dividend yield of 6.54%. The company currently pays a quarterly dividend of $1.50 per share and has raised its payouts for 65 years straight.

As per Insider Monkey’s database of Q2 2023, 49 hedge funds owned stakes in 3M Company (NYSE:MMM), down from 51 in the previous quarter. Their collective stake value is over $726.7 million.

2. Leggett & Platt, Incorporated (NYSE:LEG)

Dividend Yield as of November 10: 8.07%

Leggett & Platt, Incorporated (NYSE:LEG) is a diversified manufacturer that designs and produces a wide range of engineered components and products. On November 7, the company announced a quarterly dividend of $0.46 per share, which was in line with its previous dividend. The company’s dividend growth streak currently stands at 51 years. The stock offers a dividend yield of 8.07%, as of November 10.

At the end of Q2 2023, 18 hedge funds in Insider Monkey’s database owned stakes in Leggett & Platt, Incorporated (NYSE:LEG), growing from 11 in the preceding quarter. The total value of these stakes is over $68.4 million.

Altria Group, Inc. (NYSE:MO)

Dividend Yield as of November 10: 9.79%

Altria Group, Inc. (NYSE:MO) tops our list of the best dividend kings with the highest yields. The tobacco company offers a quarterly dividend of $0.98 per share for a dividend yield of 9.79%, as recorded on November 10. It holds a 54-year streak of consistent dividend growth.

Altria Group, Inc. (NYSE:MO) was included in 43 hedge fund portfolios at the end of Q2 2023, compared with 49 in the preceding quarter, as per Insider Monkey’s data. The stakes owned by these hedge funds have a total value of more than $446.2 million.

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