When investors are looking for the best dividend stocks, they are looking for high yield and reliability.
The dividend aristocrats are a group of about 50 stocks that have raised their dividend payments for at least 25 years in a row.
Many other companies were simply fighting to survive during the low points of the past quarter century. The dividend aristocrats have upped their payout every single year.
In addition to their remarkable consistency, these stocks have delivered higher returns and lower volatility than the S&P 500 in the past decade.
Here’s a look at the five current dividend aristocrats with the highest yields.
Dividend Aristocrat Stocks: Chevron Corporation (NYSE:CVX)
Dividend Yield: 4.2%
If Chevron Corporation (NYSE:CVX) wants to maintain its status as a dividend aristocrat, the company will need to up its next payout.
CVX currently pays a $1.07 quarterly dividend. At that payout, the stock yields about 4.2% annually. However, CVX has not raised its quarterly payout since May of 2014.
If it maintains or cuts its final quarterly dividend of 2016, its streak of 30 years of payout hikes will come to an end.
Investors can blame the global oil market collapse.
Dividend Aristocrat Stocks: Mercury General Corporation (NYSE:MCY)
Dividend Yield: 4.5%
Insurance holding company Mercury General Corporation (NYSE:MCY) currently yields…
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