Each of these stocks yields roughly 4% and can be expected to grow payouts more
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Overview
It is crucial to know what exactly a dividend is- so check out this quick video to learn everything you need to know! The companies in this list have paid dividends uninterrupted for two decades or more, have a secure payout, and have the potential to grow more over the years.
Companies
- Sector: Real Estate
- Market Value: $982.5 Million
- Dividend Yield: 3.9%
Universal Health Realty Income Trust (UHT) has been boasting 71 investments in health-care properties over 20 states. The company has hospitals, emergency departments, and child-care centers. Since its founding in 1986, the firm has increased its dividend each year. UHT does payouts twice a year with a 69 cent-per-share dividend, which is about 1.5% better then it was previously in 2019. The company is financially strong, and if the company focuses on delivering quality health care to the aging population, the dividend will remain safe and growing.
- Sector: Communications
- Market Value: $239.6 billion
- Dividend Yield: 4.3%
Verizon (VZ) has mostly focused on its core wireless business and even restructured in 2018 to prepared for the release of 5G service. The company plans to deliver its Ultra-Wideband 5G service to 60 cities by the end of this year. The company has excellent network quality and remains at the top of RootMetric’s rankings wireless reliability, network performance, and service. The company has a massive subscriber base as well, making It a reliable cash cow. Verizon has paid uninterrupted dividends for more than 30 years. The company’s most recent payout hike was 2% uptick in late 2019, and the yield is high among blue-chip dividend stocks.
- Sector: Utilities
- Market Value: $62.2 billion
- Dividend Yield: 4.6%
Duke Energy (DUK) is one of the steadiest dividend stocks. This year (2020) is the 94th consecutive year that the regulated utility paid in a cash dividend on its common stocks. In a sense, it could be labeled “recession-proof”. The company distributes natural gas to more than 1.6 million customers in Kentucky, Ohio, Tennessee, and the Carolinas. They also service about 7.7 million retail electric customers across the Midwest and Southeast. The utility plans to invest $50 billion between 2019 and 2023 to expand its regulated electric and gas earnings base. If this goes well, the company will be able to generate 4%-6% annual EPS growth through 2023, which in turn, will allow the dividend to increase, as well.
- Sector: Financials
- Market Value: $80.6 billion
- Dividend Yield: 5.3%
Toronto-Dominion Bank (TD) is one of America’s largest financial institutions. The revenue is balanced between lending operations such as home mortgages and fee-based businesses such as insurance, asset management, and card services. The company also maintains little exposure to investment banking and trading. Shareholders of TD have received cash distributions since 1857. The culture of corporate is conservative and strong investment-grade rating are potential reasons to believe the in the dividends going forward.
