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Stock ScreenerStock IdeasBest Dividend Paying Stocks For The Long Term
Dividend Stock Screener: Best Dividend Paying Stocks For The Long Term
A dividend stock screener to help you uncover the best dividend paying stocks for the long term (to buy and hold)

Dividend Yield: Has dividends
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
AAPL
APPLE INC
$2.40T0.56%18.20%$0.1667$0.867%12023-02-102023-02-16
MSFT
MICROSOFT CORP
$1.91T0.99%28.20%$0.6800$2.5416%02023-02-152023-03-09
AMZN
AMAZON COM INC
$1.05T0.20%-74.10%$0.2000$0.201%0
NVDA
NVIDIA CORP
$518.79B0.08%6.70%$0.0400$0.160%1
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
$476.24B2.02%35.70%$0.4513$1.8639%12023-03-162023-04-13
V
VISA INC
$473.24B0.88%28.30%$0.4500$2.0313%02023-02-092023-03-01
XOM
EXXON MOBIL CORP
$460.14B3.18%28.70%$0.9100$3.5561%02023-02-132023-03-10
UNH
UNITEDHEALTH GROUP INC
$444.04B1.35%29.90%$1.6500$6.4024%0
JNJ
JOHNSON & JOHNSON
$427.10B2.72%60.00%$1.1300$4.4552%02023-02-172023-03-07
JPM
JPMORGAN CHASE & CO
$416.28B2.82%33.70%$1.0000$4.0053%0
WMT
WALMART INC
$379.39B1.59%68.40%$0.5600$2.2429%0
MA
MASTERCARD INC
$358.60B0.55%19.50%$0.5700$2.047%02023-02-09
HD
HOME DEPOT INC
$335.59B2.31%44.10%$1.9000$7.6045%0
PG
PROCTER & GAMBLE CO
$333.58B2.58%77.20%$0.9133$3.6550%02023-02-15
CVX
CHEVRON CORP
$328.02B3.35%31.70%$1.4200$5.6863%02023-02-152023-03-10
LLY
ELI LILLY & CO
$320.84B1.16%56.70%$0.9800$3.9220%02023-02-142023-03-10
NVO
NOVO NORDISK A S
$314.80B1.17%44.60%$0.5836$1.6220%82023-03-242023-04-04
BAC
BANK OF AMERICA CORP
$291.78B2.36%26.70%$0.2200$0.8646%02023-03-022023-03-31
MRK
MERCK & CO INC
$263.76B2.69%45.80%$0.7300$2.8052%02023-03-142023-04-10
ASML
ASML HOLDING NV
$262.27B1.81%68.30%$1.4905$11.9835%42023-05-012023-02-15
KO
COCA COLA CO
$260.21B2.93%76.30%$0.4400$1.7656%0
ABBV
ABBVIE INC
$256.47B3.94%74.90%$1.4800$5.7171%02023-02-15
AVGO
BROADCOM INC
$251.27B2.81%59.80%$4.6000$16.9053%0
PFE
PFIZER INC
$245.64B3.68%30.10%$0.4100$1.6167%02023-03-03
ORCL
ORACLE CORP
$238.70B1.45%38.90%$0.3200$1.2827%0
PEP
PEPSICO INC
$236.72B2.63%63.40%$1.1500$4.5350%02023-03-022023-03-31
COST
COSTCO WHOLESALE CORP
$228.78B0.70%26.30%$0.9000$3.609%32023-02-17
TMO
THERMO FISHER SCIENTIFIC INC
$225.97B0.21%6.50%$0.3000$1.201%0
SHEL
SHELL PLC
$222.26B2.56%25.20%$0.5000$1.4849%1
AZN
ASTRAZENECA PLC
$196.66B2.28%261.30%$0.4650$1.4544%10
MCD
MCDONALDS CORP
$196.23B2.11%69.00%$1.5200$5.6641%02023-02-282023-03-15
CSCO
CISCO SYSTEMS INC
$195.42B3.20%54.50%$0.3800$1.5261%0
NKE
NIKE INC
$194.95B1.00%35.00%$0.3400$1.2616%0
ABT
ABBOTT LABORATORIES
$193.10B1.73%42.10%$0.5100$1.9233%02023-02-15
DHR
DANAHER CORP
$192.00B0.38%10.40%$0.2500$1.004%1
ACN
ACCENTURE PLC
$187.44B1.47%36.10%$1.1200$4.1827%12023-02-15
WFC
WELLS FARGO & COMPANY
$181.68B2.41%25.70%$0.3000$1.1547%12023-03-01
NVS
NOVARTIS AG
$181.16B3.93%105.20%$3.3575$3.3671%3
VZ
VERIZON COMMUNICATIONS INC
$173.37B6.26%55.80%$0.6525$2.5986%0
BHP
BHP GROUP LTD
$167.22B9.85%53.20%$3.5000$6.5093%6
MS
MORGAN STANLEY
$167.15B3.06%42.30%$0.7750$3.0358%02023-02-15
CMCSA
COMCAST CORP
$166.58B2.73%88.50%$0.2700$1.0852%02023-04-042023-04-26
TXN
TEXAS INSTRUMENTS INC
$164.02B2.64%50.30%$1.2400$4.7851%02023-02-14
UPS
UNITED PARCEL SERVICE INC
$163.26B4.03%43.50%$1.5200$7.6072%02023-02-172023-03-10
LIN
LINDE PLC
$159.62B1.45%60.00%$1.1700$4.6827%0
BMY
BRISTOL MYERS SQUIBB CO
$158.46B2.94%69.90%$0.5700$2.1956%0
PM
PHILIP MORRIS INTERNATIONAL INC
$157.83B4.95%89.30%$1.2700$5.0480%0
TTE
TOTALENERGIES SE
$157.80B6.43%45.30%$0.7187$3.8786%7
NEE
NEXTERA ENERGY INC
$150.05B2.25%85.60%$0.4250$1.7044%0
SCHW
SCHWAB CHARLES CORP
$149.08B1.33%24.20%$0.2200$1.0624%02023-02-092023-02-24
QCOM
QUALCOMM INC
$148.22B2.20%28.00%$0.7500$2.9343%02023-03-012023-03-23
HSBC
HSBC HOLDINGS PLC
$148.22B3.76%35.50%$0.4500$1.3568%10
SAP
SAP SE
$147.08B2.68%150.30%$3.2028$3.2051%3
RTX
RAYTHEON TECHNOLOGIES CORP
$143.54B2.21%70.40%$0.5500$2.1643%1
RY
ROYAL BANK OF CANADA
$142.36B4.05%49.60%$0.9880$4.1673%32023-02-24
T
AT&T INC
$139.55B5.67%49.00%$0.2775$1.1184%1
HON
HONEYWELL INTERNATIONAL INC
$137.18B2.45%49.60%$1.0300$5.0048%0
COP
CONOCOPHILLIPS
$133.94B4.64%28.60%$0.7000$4.9978%52023-02-132023-03-01
AXP
AMERICAN EXPRESS CO
$131.87B1.18%19.90%$0.5200$2.0820%02023-02-10
CAT
CATERPILLAR INC
$130.84B1.87%33.40%$1.2000$4.7136%02023-02-17
LOW
LOWES COMPANIES INC
$130.54B1.83%36.00%$1.0500$3.9535%02023-02-08
AMGN
AMGEN INC
$130.11B3.18%60.50%$1.9400$7.7661%02023-02-142023-03-08
UNP
UNION PACIFIC CORP
$128.47B2.43%44.20%$1.3000$5.0847%0
UL
UNILEVER PLC
$128.06B3.58%84.40%$0.4211$1.8066%1
GS
GOLDMAN SACHS GROUP INC
$125.57B2.43%22.30%$2.5000$9.0047%02023-03-012023-03-30
TD
TORONTO DOMINION BANK
$124.26B4.04%38.60%$0.7035$2.7672%2
HDB
HDFC BANK LTD
$123.56B1.78%23.20%$0.5805$1.1934%1
IBM
INTERNATIONAL BUSINESS MACHINES CORP
$123.12B4.84%463.40%$1.6500$6.5979%02023-02-092023-03-10
DE
DEERE & CO
$122.35B1.10%18.60%$1.2000$4.5118%02023-02-08
PLD
PROLOGIS INC
$121.33B2.40%55.20%$0.7900$3.1647%0
SBUX
STARBUCKS CORP
$120.70B2.41%87.20%$0.5300$2.5347%02023-02-092023-02-24
RIO
RIO TINTO LTD
$120.20B10.10%73.90%$2.6700$7.4694%9
SPGI
S&P GLOBAL INC
$120.11B0.90%27.00%$0.8500$3.3214%02023-02-232023-03-10
LMT
LOCKHEED MARTIN CORP
$119.76B2.43%52.40%$3.0000$11.4047%02023-02-282023-03-24
INTC
INTEL CORP
$118.69B5.09%74.90%$0.3650$1.4681%02023-03-01
INTU
INTUIT INC
$116.58B0.70%42.60%$0.7800$2.9210%0
SNY
SANOFI
$115.89B3.92%67.00%$1.7968$1.8070%2
ELV
ELEVANCE HEALTH INC
$114.32B1.07%19.30%$1.2800$5.1218%02023-03-092023-03-24
MDT
MEDTRONIC PLC
$113.38B3.13%81.10%$0.6800$2.6760%0
CVS
CVS HEALTH CORP
$112.02B2.65%91.70%$0.6050$2.2651%0
BLK
BLACKROCK INC
$111.50B2.63%51.10%$4.8800$19.5250%12023-03-062023-03-23
DEO
DIAGEO PLC
$108.96B2.21%60.00%$2.2775$3.8543%9
GILD
GILEAD SCIENCES INC
$108.32B3.38%108.60%$0.7300$2.9263%02023-03-142023-03-30
BP
BP PLC
$108.22B4.98%-39.60%$0.3604$1.7480%1
SYK
STRYKER CORP
$102.74B1.04%42.80%$0.7500$2.8417%0
AMT
AMERICAN TOWER CORP
$102.70B2.66%90.20%$1.5600$5.8651%0
BUD
ANHEUSER-BUSCH INBEV SA
$102.02B0.92%28.00%$0.5431$0.5414%8
AMAT
APPLIED MATERIALS INC
$99.35B0.87%13.60%$0.2600$1.0213%02023-02-222023-03-16
C
CITIGROUP INC
$98.51B4.01%27.60%$0.5100$2.0472%02023-02-24
EQNR
EQUINOR ASA
$93.38B2.59%17.20%$0.3098$0.7550%5
EL
ESTEE LAUDER COMPANIES INC
$93.30B0.94%58.90%$0.6600$2.4614%02023-02-272023-03-15
TJX
TJX COMPANIES INC
$92.61B1.43%39.50%$0.2950$1.1526%02023-02-082023-03-02
ADP
AUTOMATIC DATA PROCESSING INC
$92.60B1.96%57.70%$1.2500$4.3737%02023-03-092023-04-01
BTI
BRITISH AMERICAN TOBACCO PLC
$92.30B7.88%104.60%$0.7404$2.9690%6
ADI
ANALOG DEVICES INC
$90.43B1.71%56.10%$0.7600$3.0432%0
MDLZ
MONDELEZ INTERNATIONAL INC
$90.21B2.22%74.60%$0.3850$1.4743%02023-03-302023-04-14
GE
GENERAL ELECTRIC CO
$89.98B0.39%-5.90%$0.0800$0.324%2
JD
JDCOM INC
$88.81B2.22%666.10%$1.2600$1.2643%0
CB
CHUBB LTD
$88.76B1.54%22.50%$0.8300$3.2929%0
CI
CIGNA CORP
$88.19B1.55%20.60%$1.1200$4.4829%02023-03-072023-03-23

Find the Best Dividend Paying Stocks to Buy and Hold (For the Long Term)

Dividend stocks have a reputation among the investing public as safe, reliable, and yes, boring investments.

The famous dividend aristocrats list - a list of companies in the S&P 500 with 25+ years of consecutive dividend increases, are generally considered stable, safe companies.

However, just because a company is generating dividends, doesn't necessarily make it a safe investment.

In this article, you will learn:

  • Why high dividend yield is not necessarily good
  • How to avoid dividend traps
  • What to look for in long-term dividend stocks

Before we dive into finding the best dividend paying stocks for the long term, let's step back and examine why some companies offer higher dividends than others in the first place.

Why Do Some Dividend Paying Stocks Offer Higher Yields Than Others?

A high dividend yield may be a reflection of a company's mature status.

Some large, established businesses may find it difficult to identify enough growth investments to efficiently deploy their profits. In such a case, management often returns profits to shareholders in the form of dividends.

A good example of this would be telecommunications and utility companies.

In other instances, the business structure of a company itself may require the company to distribute the majority of their cash flow to investors for tax purposes, as is the case with REITs (real estate investment trusts). REITs were created in the 1960s as a tax-efficient vehicle to fund the growth of American real estate. These entities are not required to pay federal income tax, provided they payout 90%+ of their income as dividends.

Unfortunately, boosting dividend yields can also be a way for management to pacify frustrated investors when the stock isn't performing. As you can imagine, this almost never works out well - the temporary yield boost can make the stock look tempting at first, but as profits drop and the struggling company's financial woes deepen, these unsustainable payouts eventually get cut. This can be a dangerous trap for dividend investors seeking yield.

To avoid these so-called "dividend traps", it's important to understand the overall health of a company, and also how dividends fit into management's overall corporate strategy.

Why High Yield Is Not Always Good

Investors nearing retirement are attracted to high dividend stocks because of the generous passive income they can provide.

The highest paying dividend stocks can offer a yield greater than 4% a year, and some high dividend paying stocks even yield more than 10% a year.

However, not all high yield dividend stocks are safe. The best dividend stocks to buy and hold not only pay a high dividend yield (anything above 4% can be considered high), but also show indicators of dividend stability, dividend growth, and a sustainable earnings stream that can support their dividend payouts.

Furthermore, it's important to consider dividend yield in conjunction with a stock's overall value. After all, dividends are just a percentage of a company's profits being paid out to owners (shareholders) - when you use a dividend screener to screen companies based solely on dividend yield, you'll see that many of these companies are not necessarily top performers in the long term.

The best dividend paying stocks for the long term pay a stable, steady dividend built on a foundation of healthy earnings and a strong balance sheet.

Dividend Payout Ratio

One of the key factors in determining whether a company can sustain their dividend payout is whether the company is generating sufficient earnings. The dividend payout ratio is a metric that tracks the percentage of a company's earnings being paid out as a dividend.

It is a key metric to watch if you're looking for the best long term dividend stocks, since it is a sign that the dividend paying company has the necessary profits to support future dividend payments.

Here at WallStreetZen, we run an automated due diligence check that fails when a company pays out more than 90% of its earnings as a dividend. However, conservative dividend investors may want to see a dividend payout ratio in the 50% range, meaning the company only pays out half of its earnings as a dividend.

The dividend payout ratio you'd want to target really depends on your risk tolerance and personal goal as an investor. A retiree who is entirely dependent on their dividends for living expenses may want to target a more conservative payout ratio, while for a younger investor who only has a chunk of their portfolio set aside for dividend stocks, a 90% payout ratio may be a good benchmark.

Is the Dividend Stable?

While past performance does not always equal future performance, a company that has a long history of stable dividend payouts is generally a better dividend stock for a long-term buy and hold than one that has gone up and down over time.

Here at WallStreetZen, we run an automated due diligence check that checks how many times a company's stock has dropped over the past 10 years. If it has dropped at any point, it fails the check.

How Risky Is the Stock?

Some other important risk factors to consider when evaluating a dividend stock for the long-term are the amount of debt on the balance sheet, the leverage inherent in the business model, the size of the company, and the valuation multiple.

At WallStreetZen, we run due diligence checks that analyze a company's financials and valuation, you can learn more about our process for automating fundamental analysis checks here.

Don't Over Concentrate Your Portfolio Chasing Dividend Yields

Finally, dividend investors should also be wary of overconcentration in their portfolio.

Because certain sectors such as utilities, energy trusts and REITs tend to produce companies with high yield dividends, a dividend investor's portfolio can become overweighted in these sectors over time if they focus solely on finding the best dividend paying stocks to buy and hold, without considering other factors.

It's important for dividend investors to maintain a balanced portfolio that focuses on dividend growth and yield, but also continue to pay attention to traditional investing priorities such as diversification.

While building your dividend portfolio, keep in mind these 4 important factors that will affect the volatility of your holdings:

  1. number of holdings
  2. correlation between holdings (industry diversification)
  3. leverage that each holding has (higher leverage means more volatility)
  4. market cap of each holding (smaller companies tend to be more volatile)

Don't Invest in Dividend Paying Stocks You Don't Understand

Like with any investment, it should go without saying that you shouldn't invest in anything you don't understand.

If a dividend stock has a high yield but you don't understand the business, keep in mind Warren Buffett's mental model of staying within one's circle of competence.

Keeping this maxim in mind will serve you well in your search for the best dividend paying stocks to buy and hold - for the long term.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.