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25 Dividend Stocks to Fund 20 Years of Retirement

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Retirement is not what it used to be. The time when stashing money in cash in your basement was enough to get you through retirement is long gone. First, all Americans are living longer than ever. Secondly, when you live longer, you spend more as well. So, if you are wondering how to survive your retirement in happiness and financial sustainability, think no more, because dividend stocks can help you.

By definition, dividend stocks are companies that pay out regular dividends. As a general rule, dividend stocks are well-established companies with a long track record of distributing earning. In other words, dividends stocks are your pension. But, how can you get dividend stocks and where you should invest? Look no more, because we have got you covered. Here are the top 25 high-quality dividend stocks that will last at least 20 years of retirement, if not more.

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25. Universal Health Realty Income Trust

MARKET VALUE: $1.4 billion

Universal Health Realty Income Trust, or otherwise UHT, is a real estate development trust (REIT), spread across 20 states, with 69 investments in health-care properties. Almost three-quarters of UHT is medical office clinics and buildings, next to hospitals, child-care centers, and freestanding emergency departments.

The famous REIT was founded in 1986 and ever since its one of the financially the most reliable institutions. The company has increased its dividend every year since 1986. Payouts are usually twice annually, and the REIT’s current 68-cent-per-share dividend is about 1.5% better than it was in 2018. Experts predict that the stock’s dividend should remain safe and growing in years to come because the management is focused on the high-quality area of health care.

24. Realty Income

MARKET VALUE: $24.2 billion

So far, Realty Income positioned as a good income investment for retirees for one reason – it pays dividends every month. Moreover, Realty Income for 590 months in a row has paid an uninterrupted dividend. Until today, the company owns more than 5,900 commercial real estate properties, and more than 260 tenants, including FedEx.

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Realty Income is focused on single-tenant commercial buildings where insurance and maintenance are on tenants. This, next to the long-term nature of its leases, enable growth in the past 22 years. Only one year was without a significant increase. Simply said, Realty Income is one of the most dependable dividend growth stocks in the market.

23. National Retail Properties

MARKET VALUE: $9.2 billion

National Retail Properties or NNN demonstrated massive growth in the last 30 years. NNN owns around 3,000 freestanding properties that are leased to more than 400 world-known tenants, including 7-Eleven. Their properties are mostly used by e-commerce-resistant businesses such as restaurants and even convenience stores.

Interestingly, no matter how much retail industry changes, NNN keeps its properties on solid ground. Their secret? Their tenants are focused on necessity-based shopping, such as restaurants and grocery stores.

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22. Welltower

MARKET VALUE: $36.1 billion

Americans are living longer than ever before. Therefore, they are spending more, and they spend more time in hospitals. Baby boomers are getting older, and it’s expected for 80+ population to double in the next ten years. As expected, the outlook for health-care-focused real estate is growing.

Simply said, Welltower owns around 1,700 properties focused on health-care. Their portfolio is mostly senior housing buildings, and this is a conservatively manager REIT. Welltower has been paying dividends since 1971, and that trend seems likely to continue.

21. Toronto-Dominion Bank

MARKET VALUE: $104.5 billion

Toronto-Dominion Bank is one of the most important financial institutions in the States. This famous bank has a wide range, from simple operations, over insurance, to asset management, next to card services. This bank is not too much into investment banking or trading.

Further, TD is one of the ten largest banks on the continent. Since 1857 shareholders are receiving cash distributions. TD management believes the bank can quickly grow in the future, thanks to its adjusted earnings per share.

20. Duke Energy

MARKET VALUE: $70.1 billion

When you want steady dividend stocks, you can’t go wrong with Duke Energy. For 93 years straight, Duke Energy regularly pays cash dividends. Overall, Duke Energy services around 7.7 million retail electric customers across six states in the Southeast and Midwest.

Also, this company distributes natural gas to about 1.6 million customers across Tennesee, Kentucky, Carolinas, and Ohio. This famous company plans massive growth in years to come, by generating 4% and 6% annual EPS growth by 2023.

19. Southern Company

MARKET VALUE: $64.8 billion

No matter what you do or how rich you are, you still must pay utilities, right? This is where Southern Company steps in. This company has an almost perfect record of paying dividends in a row since 1948. In recent years, the company went through some rough times, but the worst is behind it.

It’s expected for the company to grow in the next five years, especially once the construction of its nuclear project is done. In the meantime, Southern Company continues to reward shareholders with growing and generous dividends.

18. Verizon

MARKET VALUE: $250.2 billion

Verizon is an American company offering various services on its core wireless business. At the moment, the company is focused on its rollout of 5G service. In 2020, the company should deliver 5G in a total of 15 markets. Verizon at the top when it comes to wireless speed, network performance, and wireless reliability.

As expected, these features result in a massive subscriber base, making the firm a reliable cash cow. Truth be told, Verizon and its predecessors have paid dividends for more than 30 years in a row.

17. Dominion Energy

MARKET VALUE: $64.9 billion

Dominion Energy is one of the most significant transporters and generators of energy in the States. So far, Dominion Energy has paid dividends in a row for more than eight decades. Still, this utility company went through significant changes in recent years.

However, in 2010 Dominion decided to focus on the development of wide-moar projects with specific and more conservative strategies. Simply said, the business has become even more resilient. Based on a recent firm’s actions and plans, it’s expected for the dividend to remain safe and to grow.

16. W.P. Carey

MARKET VALUE: $15.4 billion

W.P. Carey company is in the real estate sector, owning more than one thousand warehouses, industrial, and retail properties. In general, entire properties are leased out to 320 various tenants under long-term contracts, while 99% of its leases are always on the rise.

WPC went public in 1998, and ever since has paid higher dividends. This is possible due to company qualities and conservative and strong credit management.

15. Ennis

MARKET VALUE: $503.4 million

Ennis is known for selling various forms such as tags, envelopes, labels, and presentation folders. The company is one of the oldest companies around, being founded in 1909. Today, Ennis has grown to serve more than 40,000 distributors. Ennis is a cash cow that has paid dividends for more than 20 years.

In June 2018, Ennis announced a 12.5% dividend increase, which only increases financial health. This is not one of the fast-growing businesses, but it’s definitely one of the oldest companies determined to stay.

14. Urstadt Biddle Properties

MARKET VALUE: $932.6 million

Urstadt Biddle Properties is known for being a small-cap REIT with an impressive payout history. So far, Urstadt Biddle Properties has delivered dividends for almost 50 years. During that time, dividends increased every 25 years.

Urstadt Biddle Properties owns 85 different properties, located along the East Coast, where stores are mostly focused on wholesale clubs, supermarkets, and pharmacies. Since these stores provide essential products, such as food, they are more resilient to the e-commerce boom.

13. Oneok

MARKET VALUE: $30.6 billion

Oneok is a big midstream service provider. It’s also one of the largest NGL (natural gas liquids) in the country. On top of that this is one of the oldest businesses in the State, running since 1906. Oneok’s earnings are generated from fee-based business today. Oneok maintains an investment-grade credit rating and targets dividend coverage ratios higher than 1.2 times earnings.

Since the company is growing in recent years, one of the company’s goals is to reward shareholders with a 9% annual dividend growth through 2021. All in, Oneok offers a mix of growth, stability, and income.

12. Monmouth Real Estate Investment Corporation

MARKET VALUE: $1.4 billion

Monmouth Real Estate Investment Corporation is a famous industrial-property REIT founded in 1968. So far, the company rents out its 100-plus industrial properties under long-term leases. One of their biggest renters is Coca-Cola. Monmouth Real Estate Investment Corporation has relatively new features, with properties located mostly near airports, manufacturing facilities, and transportation hubs. The result? The cash-rich business model that has paid stakeholders for the last 27 years in a row.

In 2017, the management team resided its dividend by astonishing 6.25%. Still, considering how the company grows, stakeholders can expect significant growth in the years to come.

11. Exxon Mobil

MARKET VALUE: $301.0 billion

Exxon Mobil is a member of the famous group Dividend Aristocrats. This is an elite group of 57 dividend stocks that are responsible for increasing payout on every 25 years. Exxon is also incredibly generous to regular cash investors for more than 100 years.

In 2018, the company decided to spend around $200 billion until 2025, so it could increase chemical and upstream production. At the same time, the company is planning to invest capital across each of its business segments. If everything goes as planned, stakeholders can expect a rise of 6.1%.

10. Pembina Pipeline

MARKET VALUE: $19.0 billion

Pembina Pipeline is public since 1997. The company is known for providing natural gas, natural gas liquids, and transport oil, primarily across western Canada. Pembina Pipeline delivers steady payouts thanks to its business model, which is built by long-term, fee-for-service contracts.

Actually, their management has a target of generating 80% of Pembina’s EBITDA (earnings before interest, taxes, depreciation, and amortization) from fee-based activities in 2019. Pembina’s business model should help PBA continue to produce safe dividends for years to come.

9. AT&T

MARKET VALUE: $273.1 billion

AT&T is known for paying dividends for 35 years in a row, and it’s featured on Simply Safe Dividends’ best high-dividend stocks list. In recent years, the company went through massive changes, from acquiring DirecTv to merging with Time Warner. In a short period, the company built a base of 370 million customers.

AT&T is on a mission to increase the value of its customers and eventually develop an advertising business. While AT&T has grown each year, its pace of dividend growth will remain moderate and evolve in the future.

8. Universal Corporation

MARKET VALUE: $1.3 billion

Universal Corp. is focused on supplying tobacco leaves to manufacturers of tobacco products. The company is one of the biggest in this field. Universal Corp. handles between 30% to 40% of Africa’s annual production, 30% to 40% of U.S. production, and 15% to 25% of Brazil’s. Since Universal Corp. is so massive and well-spread tobacco products, manufacturers have no choice but to provide a steady flow of demand.

Since the tobacco business is going down every year, Universal Corp. moves its cash to agricultural business because its management believes that these opportunities could represent up to 20% of UVV’s earning in five years. In general, tobacco industries are losing their reputation for paying dividends. Still, if they can provide a reasonable payout ratio and financial flexibility like Universal can, then dividend growth record overtime is expected.

7. Enterprise Products Partners LP

MARKET VALUE: $63.2 billion

When it comes to big energy companies, Enterprise Products Partners LP is one of the biggest. It operates across the States and has over 50,000 miles of pipelines. Almost 85% of Enterprise’s gross operating margin is from fee-based activities.

Enterprise raises payouts every quarter, not only once a year, as the majority does. Because Enterprise Products Partners LP has cash flow and organic growth potential, the future is bright.

6. Enbridge

MARKET VALUE: $71.6 billion

Enbridge is one of Canada’s most successful companies. It offers excellent growth and very high yield, which is rarely seen in most dividend stocks – and experts say that it will continue to do so in years to come.

Enbridge owns a network of storage assets and transportation connecting most crucial North America’s gas-and-oil producing regions. So far, yields are around 6%, and the growth is expected.

5. Tanger Factory Outlet Centers

MARKET VALUE: $2.2 billion

Tanger Factory Outlet Centers was founded in 1981, and so far, this REIT owns 44 outlet centers across the States and Canada. This is also one of the most controversial companies on the list because as e-commerce is rising, many wonder what will happen with stores made out of bricks.

So, Tanger is focused on premium customer experience and quality tenants, such as Michael Kors, Ralph Lauren, and Tapestry. Still, Tanger maintains an investment-grade credit rating and so far has delivered a higher dividend yearly since 1993.

4. Meredith Corporation

MARKET VALUE: $2.2 billion

Meredith Corporation has been in business for more than 115 years so far. Overall, Meredith Corporation is known as a diversified media company with various content. Initially, the business makes money through subscription, next to print, and digital advertising. Meredith has been able to pay dividends since 1947 for 24 consecutive years.

However, the media world is changing fast today, so they are also moving from printed to digital media. Since their transition is going well, they remain committed to the dividend.

3. General Mills

MARKET VALUE: $26.7 billion

Some companies are here to stay, and General Mills is no exception. General Mills knows how to adapt, and now they are investing more in advertising and product innovation. In-house innovations will lead to a broader customer range and a better balance of product and price.

In 2018, General Mills announced that they would acquire natural pet food company Blue Buffalo for $8 billion. So far, the company has been paying dividends for 199 years, without interruptions. That tradition will remain in years to come.

2. International Business Machines

MARKET VALUE: $130.7 billion

IBM is one of the most potent and popular companies, globally. Even famous Warren Buffett invested in this company, and accumulate a significant part of his fortune thanks to this company. IBM has been paying dividends for more than 100 years, with a total of 23 years when dividends went up.

It’s interesting to see where this company will be heading in the next decades. Since IBM is heavily dependent on hardware and IT software businesses, the rise of clouds will make hardware and software suffer a bit. Still, that won’t happen in a period of just a few years.

1. Schweitzer-Mauduit International

MARKET VALUE: $1.2 billion

Schweitzer-Mauduit International, or shortly SWM, is a little-known dividend stock with a bright future. The core of the company is in energy, thanks to engineered solutions and materials for various industries.

Simply said, Schweitzer-Mauduit actually supplies the material used in recon-based heat sticks. Schweitzer-Mauduit has been paying dividends since 1996, and the last increase in payouts was in November 2017, for 2%.

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