Chasing high yields can be risky, as they might be due to recent stock price drops or unsustainable payout ratios. However, focusing on high-quality dividend companies like Dividend Kings with Wall Street buy ratings can help mitigate risks. Using Barchart’s Stock Screener, 33 Dividend Kings were identified based on criteria like payout ratio and analyst ratings.
The top three highest-yielding, buy-rated Dividend Kings are Northwest Natural Gas Company, Federal Realty Investment Trust, and Stanley Black & Decker Inc. Northwest Natural serves over two million customers, paying out $1.96 per share annually with a 4.9% yield. Federal Realty operates 102 properties with a 4.95% yield, and Stanley Black & Decker pays $3.28 annually with a 4.7% yield.
Northwest Natural, Federal Realty, and Stanley Black & Decker have dividend payout ratios of 65.02%, 92.32%, and 73.58%, respectively. These companies have long track records of dividend increases and are considered reliable investments. It’s essential to monitor fundamental metrics, industry conditions, and payout sustainability to ensure continued income and growth objectives are met.
Read more at Yahoo Finance: 3 Dividend Kings You’ll Want to Hold Forever