Unlocking Wealth: A Deep Dive into the Top 10 Dividend Champions
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Chapter 1: Understanding Dividend Champions
Welcome to the realm of wealth accumulation through dividends! This article explores the elite category of "Dividend Champions," which includes companies celebrated for their unwavering dedication to rewarding investors. A Dividend Champion serves as more than just a stock; it's a dependable financial partner, offering not only returns but also a continual income stream to its shareholders. These companies have shown remarkable resilience, successfully navigating economic challenges while consistently increasing their dividend payouts each year. Join us as we investigate the top 10 Dividend Champions ranked by yield, unveiling the strategies to create a strong and sustainable investment portfolio. Get ready to discover the blend of stability, growth, and passive income these champions offer!
The first video, titled "I'm PROOF that Anyone Can Get Wealthy with Dividends," illustrates how dividends can be a pathway to financial success for everyone.
Section 1.1: Top 10 Dividend Champions
- Universal Corporation (NYSE:UVV)
As of this writing: Price $54.19 | Dividend Yield 5.95%
Universal Corporation stands out as a prominent player in the leaf tobacco industry, partnering with growers worldwide to procure raw tobacco. Notably, the company has maintained an impressive track record with 53 consecutive years of dividend growth, currently offering a quarterly dividend of $0.80 per share. As of November 19, the stock showcases a dividend yield of 5.95%. Insider Monkey's data indicates a rise in hedge fund interest, with 16 funds holding shares in Universal Corporation by the end of Q2 2023, up from 13 in the prior quarter, representing a total value exceeding $68.3 million.
- 3M Company (NYSE:MMM)
As of this writing: Price $93.95 | Dividend Yield 6.29%
3M Company, a well-known diversified conglomerate, is another Dividend Champion. By the end of Q2 2023, it appeared in 49 hedge fund portfolios, with a total value over $726.7 million. Having increased its dividends for an impressive 65 consecutive years, 3M currently pays a quarterly dividend of $1.50 per share, leading to a dividend yield of 6.29% as of November 19.
- UGI Corporation (NYSE:UGI)
As of this writing: Price $21.99 | Dividend Yield 6.66%
UGI Corporation operates in various energy sectors and recently declared a consistent quarterly dividend of $0.375 per share on November 16. This company has raised its dividends for 39 straight years, yielding 6.66% as of November 19. According to Insider Monkey, 22 hedge funds held stakes in UGI Corporation by Q2 2023, valued at over $180.5 million.
- The First of Long Island Corporation (NASDAQ:FLIC)
As of this writing: Price $11.40 | Dividend Yield 7.08%
The First of Long Island Corporation, a bank holding company, is committed to delivering banking services. With a quarterly dividend of $0.21 per share, it boasts a dividend yield of 7.08%. The company has increased dividends for 27 consecutive years, and in Q2 2023, seven hedge funds held shares, with a total value exceeding $5.55 million.
- Universal Health Realty Income Trust (NYSE:UHT)
As of this writing: Price $39.02 | Dividend Yield 7.18%
This real estate investment trust focuses on healthcare facilities. It raised its quarterly dividend by 0.7% to $0.72 per share in June, marking 39 years of dividend growth. As of November 19, it has a dividend yield of 7.18%. By Q2 2023, two hedge funds held investments in UHT, valued at over $1.5 million.
- Enterprise Products Partners L.P. (NYSE:EPD)
As of this writing: Price $26.51 | Dividend Yield 7.61%
Specializing in midstream energy, Enterprise Products Partners has raised its dividends for 25 consecutive years, currently offering $0.50 per share and achieving a yield of 7.61% as of November 19. In Q2 2023, 25 hedge funds maintained investments in EPD, with a total value exceeding $272.7 million.
- Enbridge Inc. (NYSE:ENB)
As of this writing: Price $33.85 | Dividend Yield 7.70%
Enbridge is a major player in energy infrastructure, announcing a quarterly dividend of C$0.8875 per share on November 1. With 28 years of dividend growth, it boasts a yield of 7.70% as of November 19. Insider Monkey indicates that 28 hedge funds held stakes in ENB, valued at nearly $450 million.
- Leggett & Platt, Incorporated (NYSE:LEG)
As of this writing: Price $23.23 | Dividend Yield 7.79%
This manufacturing company offers a quarterly dividend of $0.46 per share, yielding 7.79% as of November 19. It has achieved 52 years of dividend growth. In Q2 2023, 18 hedge funds held shares in LEG, with a combined value exceeding $68.4 million.
- Walgreens Boots Alliance, Inc. (NASDAQ:WBA)
As of this writing: Price $21.01 | Dividend Yield 9.08%
A leader in health and wellness, Walgreens Boots Alliance has a dividend growth streak of 47 years, currently distributing $0.48 per share and achieving a yield of 9.08% as of November 19. By Q2 2023, 34 hedge funds held shares, valued at over $440.8 million.
- Altria Group, Inc. (NYSE:MO)
As of this writing: Price $40.81 | Dividend Yield 9.60%
Leading our list, Altria Group offers a substantial dividend yield of 9.60% as of November 19. It disburses a quarterly dividend of $0.98 per share, maintaining a remarkable 54-year streak of dividend increases. According to Insider Monkey, 43 hedge funds held shares in Altria Group, valued at over $446.2 million.
The second video, "Top Dividend Investing Strategies ft. Dividend Aristocrats & High Dividend Yielding Stocks," elaborates on effective strategies for investing in dividend stocks, focusing on proven methods and high-yielding options.
Disclaimer:
If you're contemplating investing in any of these companies, please remember that I am not a financial advisor. The information provided in this article is purely for educational purposes and should not be taken as financial advice. For personalized guidance, it's best to consult a licensed financial advisor.
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