The 8 Highest Yielding Stocks With Safe Dividends

|
 |  Includes: ABT, AWR, CLX, ED, JNJ, KMB, PEP, PG
by: Dividend Stocks Online

There is nothing like 35 years of consecutive dividend increases that helps a dividend investor sleep at night. Our list of safe dividend stocks covers stocks that have increased their dividend for 25 years or more but it turns out that the 8 highest yielding stocks on this list have been doing it for 35 year or more.

Dividend growth drives stock prices higher and also helps maintain yields as stock prices climb. There are just over 30 companies that have increased their dividend for 35 years or more. Of those even less have current payout ratios under 70%. Today we are highlighting those with the highest yields.

Consolidated Edison (NYSE:ED)

Consolidated Edison has a dividend yield of 4.1% and has increased its dividend for 37 consecutive years. The company has been paying dividend since 1885 and has a payout ratio of 67%. ED has a 5 year dividend growth rate of just 1%.

Kimberly-Clark (NYSE:KMB)

Kimberly-Clark has a dividend yield of 3.8% and has been paying dividends since 1935. The company has increased its dividend for 37 consecutive years and has a 5 year dividend growth rate of 7.4%. KMB has a payout ratio of 67%.

Johnson & Johnson (NYSE:JNJ)

Johnson & Johnson has a dividend yield of 3.5% and has been paying dividends since 1944. The company has increased its dividend every year for the last 49 years and has a 5 year dividend growth rate of 8.7%. JNJ has a payout ratio of 65%.

Clorox Co (NYSE:CLX)

Clorox has a dividend yield of 3.5% and has increased its dividend for 35 consecutive years. The company has been paying dividends since 1968 and has a 5 year dividend growth rate of 15%. CLX has a payout ratio of 58%.

Abbott Laboratories (NYSE:ABT)

Abbott Labs has a dividend yield of 3.4% and has a 5 year dividend growth rate of 10.2%. The company started paying dividends in 1926 and has increased its dividend for the last 39 years. ABT has a payout ratio of 64%.

PepsiCo Inc (NYSE:PEP)

Pepsi has a dividend yield of 3.3% and has increased its dividend for 40 consecutive years. The company started paying dividends in 1952 and has a 5 year dividend growth rate of 12.3%. PEP has a payout ratio of 52%.

Procter & Gamble (NYSE:PG)

Procter & Gamble has a dividend yield of 3.1 and a payout ratio of 62%. The company started paying dividends in 1891 and had increased its dividend for 58 years. It has a 5 year dividend growth rate of 11.1%.

American States Water (NYSE:AWR)

American States Water has a dividend yield of 3% and has been paying dividends since 1931. The company has increased its dividend for 58 consecutive years and has a 5 year dividend growth rate of 4%. AWR has a payout ratio of 48%.

Disclosure: I am long JNJ.