25 High-Dividend Stocks in 2020 to Consider Buying

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high-dividend stocks

The year 2020 has proven to be a difficult one for many high-dividend stocks.

While securities have suffered ups and downs across the market, many of those companies increasing dividends year over year are now struggling to continue the trend. High-dividend stocks with companies hiking up dividend yields may be suffering serious financial losses to do so while others allow dividend payments to plummet in an effort to protect whatever capital they may have.

Investors should not be fooled by companies projecting only high dividend yields during this time. Dividend yield is calculated by a simple formula: total annual dividend divided by share price. Thus, a sudden drop in share price will make a company’s dividend yield look very attractive at the surface level, but a savvy investor will recognize that the losses brought on by a falling share price will almost always outweigh the benefits promised by a high dividend yield.

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Portfolio-worthy companies need to demonstrate success in several other metrics in addition to a promising dividend yield. Rather than decipher this information themselves, many investors will invest in high dividend stock exchange-traded funds (ETFs) or rely on indices that track reputable high-dividend stocks. Dividend Aristocrats and Dividend Kings do this well and are backed by long and successful track records, offering a reliable option for many investors.

Investors who prefer to dive in and perform their own analyses have a vast toolbox at their disposal. The Dividend Screener available at DividendInvestor.com, as well as other screening tools, allow investors to filter through thousands of high-dividend stocks at once to find equities meeting their specific needs.

This list may offer a great start. The 25 dividend stocks listed below have not only continued to pay high dividends during 2020, but increased their dividend payment and maintained a dividend growth rate of more than 5%. The companies meet a number of additional criteria as well, each of them having a market capitalization of more than $1 billion, a dividend yield of over 3.1%, and a positive return over the trailing 12 months.

 

25 High-Dividend Stocks in 2020: #25
Centamin plc (OCTBB:CELTF)

Market Cap: $1.35B

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Sector: Materials

First Dividend Paid: 2014

Consecutive Annual Dividend Hikes: 0 years

Dividend Frequency: Semiannually

Latest Close Stock Price: $1.25

Projected 12 Month Dividend Yield: 6.00%

Trailing 12 Month Dividend Yield: 6.00%

 

25 High-Dividend Stocks in 2020: #24

Algonquin Power & Utilities Corporation (NYSE:AQN)

Market Cap: $1.92B

Sector: Utilities

First Dividend Paid: 2009

Consecutive Annual Dividend Hikes: 9 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $7.50

Projected 12 Month Dividend Yield: 9.37%

Trailing 12 Month Dividend Yield: 9.37%

 

25 High-Dividend Stocks in 2020: #23

Medical Properties Trust Inc (NYSE:MPW)

Market Cap: $7.61B

Sector: Financials

First Dividend Paid: 2005

Consecutive Annual Dividend Hikes: 6 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $12.73

Projected 12 Month Dividend Yield: 9.03%

Trailing 12 Month Dividend Yield: 9.03%

 

25 High-Dividend Stocks in 2020: #22

HP Inc (NYSE:HPQ)

Market Cap: $29.55B

Sector: IT & Communications

First Dividend Paid: 1965

Consecutive Annual Dividend Hikes: 3 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $29.38

Projected 12 Month Dividend Yield: 3.40%

Trailing 12 Month Dividend Yield: 3.40%

 

25 High-Dividend Stocks in 2020: #21

Hellenic Telecommunications Organization SA (OTCBB:HLTOY)

Market Cap: $7.46B

Sector: IT & Communications

First Dividend Paid: 1999

Consecutive Annual Dividend Hikes: 4 years

Dividend Frequency: Annually

Latest Close Stock Price: $7.60

Projected 12 Month Dividend Yield: 4.76%

Trailing 12 Month Dividend Yield: 4.76%

 

25 High-Dividend Stocks in 2020: #20

Euronav NV (NYSE:EURN)

Market Cap: $4.39B

Sector: Industrials

First Dividend Paid: 2015

Consecutive Annual Dividend Hikes: 0 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $19.96

Projected 12 Month Dividend Yield: 0.90%

Trailing 12 Month Dividend Yield: 0.90%

 

25 High-Dividend Stocks in 2020: #19

Eaton Vance Limited Duration Income Fund (AMEX:EVV)

Market Cap: $1.09B

Sector: Financials

First Dividend Paid: 2003

Consecutive Annual Dividend Hikes: 1 year

Dividend Frequency: Monthly

Latest Close Stock Price: $10.30

Projected 12 Month Dividend Yield: 11.65%

Trailing 12 Month Dividend Yield: 11.65%

 

25 High-Dividend Stocks in 2020: #18

Steel Dynamics Inc. (NASDAQ:STLD)

Market Cap: $18.69B

Sector: Materials

First Dividend Paid: 2004

Consecutive Annual Dividend Hikes: 9 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $106.44

Projected 12 Month Dividend Yield: 1.20%

Trailing 12 Month Dividend Yield: 1.20%

 

25 High-Dividend Stocks in 2020: #17

Eastman Chemical Co (NYSE:EMN)

Market Cap: $10.42B

Sector: Materials

First Dividend Paid: 1994

Consecutive Annual Dividend Hikes: 6 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $86.88

Projected 12 Month Dividend Yield: 3.50%

Trailing 12 Month Dividend Yield: 3.50%

 

25 High-Dividend Stocks in 2020: #16

E.ON SE (OCTBB:EONGY)

Market Cap: $18.13B

Sector: Utilities

First Dividend Paid: 1998

Consecutive Annual Dividend Hikes: 2 years

Dividend Frequency: Annually

Latest Close Stock Price: $9.27

Projected 12 Month Dividend Yield: 4.09%

Trailing 12 Month Dividend Yield: 4.09%

 

25 High-Dividend Stocks in 2020: #15

State Street Corp (NYSE:STT)

Market Cap: $28.10B

Sector: Financials

First Dividend Paid: 1910

Consecutive Annual Dividend Hikes: 9 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $76.59

Projected 12 Month Dividend Yield: 3.06%

Trailing 12 Month Dividend Yield: 3.06%

 

25 High-Dividend Stocks in 2020: #14

Innovative Industrial Properties Inc (NYSE:IIPR)

Market Cap: $3.28B

Sector: Financials

First Dividend Paid: 2017

Consecutive Annual Dividend Hikes: 2 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $117.38

Projected 12 Month Dividend Yield: 5.79%

Trailing 12 Month Dividend Yield: 5.79%

 

25 High-Dividend Stocks in 2020: #13

Life Storage Inc (NYSE:LSI)

Market Cap: $9.12B

Sector: Financials

First Dividend Paid: 2013

Consecutive Annual Dividend Hikes: 0 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $107.30

Projected 12 Month Dividend Yield: 3.88%

Trailing 12 Month Dividend Yield: 3.88%

 

25 High-Dividend Stocks in 2020: #12

China Life Insurance Co Ltd (NYSE:LFC)

Market Cap: $9.12B

Sector: Financials

First Dividend Paid: 2006

Consecutive Annual Dividend Hikes: 0 years

Dividend Frequency: Annually

Latest Close Stock Price: $7.05

Projected 12 Month Dividend Yield: 0.00%

Trailing 12 Month Dividend Yield: 5.91%

 

25 High-Dividend Stocks in 2020: #11

Trinity Industrials (NYSE:TRN)

Market Cap: $28.10B

Sector: Industrials

First Dividend Paid: 1990

Consecutive Annual Dividend Hikes: 9 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $30.59

Projected 12 Month Dividend Yield: 3.01%

Trailing 12 Month Dividend Yield: 3.01%

 

25 High-Dividend Stocks in 2020: #10

CoreSite Realty Corp (NYSE:COR)

Market Cap: $7.49B

Sector: Financials

First Dividend Paid: 2010

Consecutive Annual Dividend Hikes: 8 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $169.41

Projected 12 Month Dividend Yield: 0.00%

Trailing 12 Month Dividend Yield: 3.70%

 

25 High-Dividend Stocks in 2020: #9

iShares MSCI South Korea ETF (NYSE:EWY)

Market Cap: $3.05B

Sector: Financials

First Dividend Paid: 2001

Consecutive Annual Dividend Hikes: 1 year

Dividend Frequency: Annually

Latest Close Stock Price: $56.86

Projected 12 Month Dividend Yield: 5.95%

Trailing 12 Month Dividend Yield: N/A

 

25 High-Dividend Stocks in 2020: #8

EDP Energias de Portugal M.A. (OTCBB:EDPFY)

Market Cap: $13.87B

Sector: Utilities

First Dividend Paid: 1998

Consecutive Annual Dividend Hikes: 0 years

Dividend Frequency: Semiannually

Latest Close Stock Price: $46.22

Projected 12 Month Dividend Yield: 4.32%

Trailing 12 Month Dividend Yield:

 

25 High-Dividend Stocks in 2020: #7

Pfizer Inc (NYSE:PFE)

Market Cap: $64.70B

Sector: Health Care

First Dividend Paid: 1901

Consecutive Annual Dividend Hikes: 9 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $49.08

Projected 12 Month Dividend Yield: 3.26%

Trailing 12 Month Dividend Yield: 3.26%

 

25 High-Dividend Stocks in 2020: #6

Tate & Lyle Plc (United Kingdom) (OCTBB:TATYY)

Market Cap: $3.31B

Sector: Consumer Products

First Dividend Paid: 1990

Consecutive Annual Dividend Hikes: 0 years

Dividend Frequency: Semiannually

Latest Close Stock Price: $35.29

Projected 12 Month Dividend Yield: 1.60%

Trailing 12 Month Dividend Yield: 1.60%

 

25 High-Dividend Stocks in 2020: #5

Four Corners Property Trust Inc (NYSE:FCPT)

Market Cap: $2.26B

Sector: Financials

First Dividend Paid: 2016

Consecutive Annual Dividend Hikes: 2 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $26.98

Projected 12 Month Dividend Yield: 4.93%

Trailing 12 Month Dividend Yield: 4.93%

 

25 High-Dividend Stocks in 2020: #4

United Utilities Group Plc (OCTBB:UUGRY)

Market Cap: $5.30B

Sector: Utilities

First Dividend Paid: 2008

Consecutive Annual Dividend Hikes: 0 years

Dividend Frequency: Semiannually

Latest Close Stock Price: $24.72

Projected 12 Month Dividend Yield: 4.15%

Trailing 12 Month Dividend Yield: 4.15%

 

25 High-Dividend Stocks in 2020: #3

MSC Industrial Direct Co Inc (NYSE:MSM)

Market Cap: $4.04B

Sector: Industrials

First Dividend Paid: 2003

Consecutive Annual Dividend Hikes: 4 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $85.47

Projected 12 Month Dividend Yield: 3.56%

Trailing 12 Month Dividend Yield: 3.56%

 

25 High-Dividend Stocks in 2020: #2

AbbVie Inc (NYSE:ABBV)

Market Cap: $282.59B

Sector: Health Care

First Dividend Paid: 2013

Consecutive Annual Dividend Hikes: 6 years

Dividend Frequency: Quarterly

Latest Close Stock Price: $159.79

Projected 12 Month Dividend Yield: 3.53%

Trailing 12 Month Dividend Yield: 3.53%

 

25 High-Dividend Stocks in 2020: #1

PLDT Inc (NYSE:PHI)

Market Cap: $4.68B

Sector: IT & Communications

First Dividend Paid: 1995

Consecutive Annual Dividend Hikes: 1 year

Dividend Frequency: Semiannually

Latest Close Stock Price: $27.70

Projected 12 Month Dividend Yield: 5.69%

Trailing 12 Month Dividend Yield: 5.69%

 

These companies meet several metrics and continue to pay high dividends throughout the turbulence of today’s markets. This resilence shows an opportunity for income investors to receive regular dividend payouts and potentially gain capital appreciation.

For additional reading on dividend-paying equities, refer to 10 High Dividend Stocks Under $20.

 

Related Articles:

7 High Dividend Stocks to Buy Now

High Dividend Stocks

The 10 High Dividend Stocks Owned by Warren Buffet

20 High Dividend Stocks Under $20

5 High Dividend Blue Chip Stocks to Buy Now


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jonathan

 

Jonathan Wolfgram is the assistant editor of website content at Eagle Financial Publications. He graduated from the University of Minnesota with Bachelor’s degrees in Finance and Philosophy. Jonathan writes for www.DividendInvestor.com and www.StockInvestor.com.


 

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