3 Dividend Kings With The Highest Return On Investment

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Dividends are an excellent way of earning passive income and greatly reflect a company's performance. A company's ability to consistently pay dividends demonstrates financial stability and commitment to investors. 

The Dividend Kings are a group of dividend stocks that have increased their dividends for at least 50 consecutive years. These companies have stood the test of time, and continue to increase dividends, making them attractive to long-term investors. This list of companies includes stocks from international markets, so for this article, I will only be discussing American stocks.

Dividend yield is the ratio of a company’s dividend to the share price. The higher the dividend yield, the higher the return on investment is for a shareholder. The following stocks are the Dividend Kings with the highest yields as of the close on September 6th.

Altria Group Inc (NYSE: MO)

Tobacco giant Altria Group has a dividend yield of 7.50%, the highest of the Dividend Kings. Altria Group will be paying out a dividend of $1.02 on 10/10/2024 with an ex-dividend date of 9/16/2024. Along with consistently growing its dividends, the Altria Group’s stock has grown 29.12% this year currently sitting at $53.69, an overall great investment.

Universal Corporation (NYSE: UVV)

Universal Corporation, another tobacco company, has a dividend yield of 6.10%. The Universal Corporation will pay a dividend of $0.81 on 11/4/2024 with an ex-dividend date of 10/11/2024. Unlike the Altria Group, Universal Corporation stock is down 22.22% this year, sitting at $52.25.

Northwest Natural Holding Co. (NYSE: NWN)

Energy company Northwest Natural Holding Co has a dividend yield of 4.90%. NWN has not yet announced its next dividend, which should be expected in the coming months. The dividend can be expected to be $0.49. NWN stock has dropped 1.16% this year at $39.22. 

When deciding whether to invest in a stock there are many things to consider. While dividend stocks are good to make a passive income, if the value of the stock tanks too much the investment could be made worthless. Especially when considering dividend stocks, its good to consider other things such as payout ratio. It’s always a good idea to consider all parts of a company when investing, and to have a plan B if things don’t go right.