The stock market has always been a rewarding place for investors. This is an ever-evolving market where companies and businesses come and go. But even during all this change, one thing remains constant: dividends.

Dividends are a portion of a company’s profits that are paid out to shareholders. They can be paid as cash payments, additional shares, or special dividends (a one-time payment). And while not every company pays a dividend, those that do offer some of the best returns you can find in the market.

Which stocks pay the highest dividends?

In this article, we’ll take a look at the top 5 stocks that are currently paying the highest dividends. So let’s get started!

which stocks pay the highest dividends
Best stocks by dividend

1. Altria Group Inc. (MO)

Altria Group is a tobacco company that has been in operation for more than 100 years. It is the parent company of Philip Morris USA, John Middleton, and US Smokeless Tobacco Company. It is the biggest producer of cigarettes in the United States and also manufactures smokeless tobacco and cigars.

Altria has a dividend yield of 6.88%, and it has been paying dividends for more than 50 years. The company has increased its dividend every year for the past 10 years, and it is expected to continue doing so.

2. Universal Corp (UVV)

Number two on our list is Universal Corp, a tobacco company that is headquartered in Richmond, Virginia. It is the largest leaf tobacco merchant in the world and has been in operation for more than 75 years.

Universal Corp has a dividend yield of 5.37%, and it has been paying dividends for a long time. The company has increased its dividend every year for the past 36 years, and it is expected to continue doing so.

which stocks pay the highest dividends
Best stocks by dividend photo by Alesia Kozik from Pexels

3. Philip Morris International Inc (PM)

Philip Morris International Inc. is a Swiss-American multinational cigarette and tobacco manufacturing company that is known for its Marlboro and Miller brands. It was founded in 1847 and is the largest cigarette company in the world.

Philip Morris International has a dividend yield of 4.88%, and it has been paying dividends for a very long time. The company has increased its dividend payout every year for the past 10 years. The company has also seen a growth in revenue and earnings in each of the past three years.

4. ONEOK Inc (OKE)

This company is engaged in the gathering, processing, and transportation of natural gas in the United States. It also has significant involvement in the marketing and trading of natural gas liquids. It is a well-known company and pays a healthy dividend yield of 5.29%.

The company is part of the Fortune 500 and S&P 500 and has a market cap of over $30 billion. So if you are looking for a steady and reliable income stream, ONEOK Inc could be a great pick for you.

which stocks pay the highest dividends
Which stocks pay the highest dividends photo by Artem Podrez from Pexels

5. LyondellBasell Industries NV (LYB)

The last one on our list is the chemical company LyondellBasell Industries NV. It is one of the world’s largest plastics, chemicals, and refining companies. The company has a market cap of over $40 billion and pays a dividend yield of 4.75%

It’s a multinational corporation headquartered in the Netherlands with United States operations based in Houston, Texas, and offices in London, UK. The firm is the world’s largest licensor of polyethylene and polypropylene manufacturing processes.

Why should you consider investing in these stocks?

As you can see, all of these companies have a few things in common. They are all large, well-established companies that have been paying dividends for many years. They also have a history of increasing their dividend payout every year. So if you’re looking for stocks that offer a reliable and consistent income stream, these are some of the best options out there.

No matter how established the company or stock is, make sure to do your research before investing.

which stocks pay the highest dividends
Best stocks by dividend photo by Mikhail Nilov from Pexels

Final thoughts

So there you have it! These are the top 5 best stocks by dividend. If you are looking for a reliable and steady income stream, then these stocks could be a great option for you. But remember, always do your research before investing in any stock. These are just a few examples, and there may be other stocks out there that would be a better fit for your portfolio. Thanks for reading!

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