This indicates Hormel’s defensive qualities. Walmart is arguably one of the safest dividend stocks, because of its extremely recession-resistant business model. Disruption in the equities market, combined with higher life insurance claims among policyholders age 70 and up, has weighed on performance. BWA began paying a quarterly dividend of 12.5 cents per share in 2013, which increased to 17 cents by the end of 2017. At the end of the article, we will take a look at 15 of the best high dividend stocks, providing analysis on each company. For younger investors, that's less money you can put back to work and compound over time. Wedbush analyst Jay McCanless only has a Neutral rating on shares, but he recently raised his price target from $45 per share to $56, citing "a mixture of good news from the Retail segment with double-digit volume gains due to high demand from UFP's customers.". Meanwhile, OSK's payout has doubled since its resumption in 2013. Look to see how quickly the dividend grows each year, and how reliable that growth is. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. But in all cases, conservative dividend management is serving them (and investors) well. The average S&P 500 payout ratio in 2019 was 42%. So if you're specifically looking for dividend growth, some of the other safe dividend stocks on this list will be more your speed. Discover Financial Services (DFS, $52.39) has been a boon to shareholders for most of the past decade, delivering a total return (price plus dividends) of 576% through the start of this year – more than double the S&P 500's 257% return. In addition, Hormel is a member of the Dividend Kings, having increased its dividend for 54 consecutive years. Since then, however, BWA has been extremely conservative with its payout. TFSA Investors: Prepare for a 2021 Stock Market Crash . In fact, sometimes a high yield can indicate problems as investors could have sold the stock or are demanding more from the firm. But its quarterly dole appears safe for now. Far less exciting is how safe the dividend is – but if 2020 isn't a lesson in why it's important to invest in safe dividend stocks, nothing is. FILE - This June 25, 2019, file photo shows the entrance to a Walmart in Pittsburgh. Apple (NASDAQ:AAPL) In a technological age, it is hardly surprising to find tech companies at the forefront of dividend stocks to consider. The current annual dividend payout of $2.16 per share constituted 44% of Walmart’s 2019 adjusted earnings-per-share of $4.93, meaning even a significant decline in EPS is unlikely to endanger the dividend payout. And that adversity absolutely has arrived in 2020. Add a Comment. Growth in these areas helped offset weak performance in the company’s Medication Management Solutions business, which posted a revenue decline of 8%. Investors fretted that sales of boats and other marine craft, among the most discretionary of purchases, would suffer amid a sharp recession. And despite the downdraft of the pandemic on the auto industry, the company's fundamentals are solid. This bodes well for the likelihood of future rising dividend payments far into the future. BDX was founded all the way back in 1897 — today, it has almost 50,000 employees across 190 countries, and the company generates annual revenue of approximately $18 billion. By Wayne Duggan, Contributor April 27, … The best dividend stocks in Canada will give you a consistent dividend yield for years to come. UFPI also deserves an "atta boy" for the growth in its dividend. The company currently pays a $1.50 per-share quarterly dividend, which works out to a dividend yield of about 2.3%. Hormel has proven brand strength, with steady demand from year to year. 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