Which Blue Chip Stocks Pay High Dividends? Top 60 High Dividend Stocks

 

While there’s no exact definition of blue chip stocks, they’re usually large, well-known, high-quality industry leaders with reliable financial performance and growth (see our full definition + 30 examples of blue chips stocks).

So which blue chip stocks have the highest dividends?

Well, if you consider the Dow Jones Industrial Average (DJIA) to be blue chip stocks, you can see that Verizon (VZ), IBM (IBM), Exxon Mobil (XOM), Chevron (CVX), and Procter & Gamble (PG) currently pay the highest dividends with yields from 4.4% down to 3.5%.

Top 30 High Dividend Blue Chip Stocks in the Dow Jones Industrial Average (DJIA)

Blue Chip Stock Company Name Recent Price Dividend Yield
VZ Verizon $54.33 4.4%
IBM IBM $142.69 4.4%
XOM Exxon Mobil $84.52 3.9%
CVX Chevron $122.60 3.7%
PG Procter & Gamble $81.44 3.5%
KO Coca-Cola $45.68 3.4%
PFE Pfizer $44.51 3.1%
CSCO Cisco Systems $45.63 2.9%
JPM JPMorgan Chase $111.47 2.9%
MCD McDonald's $168.37 2.8%
MRK Merck $70.45 2.7%
MMM 3M $202.15 2.7%
INTC Intel $44.80 2.7%
JNJ Johnson & Johnson $137.73 2.6%
DWDP DowDuPont $59.32 2.6%
WBA Walgreens $72.31 2.4%
TRV Travelers Companies $128.17 2.4%
CAT Caterpillar $143.72 2.4%
WMT Walmart $95.76 2.2%
UTX United Technologies $131.12 2.1%
HD Home Depot $193.70 2.1%
BA Boeing $367.47 1.9%
MSFT Microsoft $106.16 1.7%
AXP American Express $103.57 1.5%
DIS Walt Disney $112.86 1.5%
GS Goldman Sachs $214.89 1.5%
UNH Unitedhealth $263.08 1.4%
AAPL Apple $216.36 1.4%
NKE Nike $74.94 1.1%
V Visa $135.52 0.6%

However, if we expand our definition of blue chip stocks to consider all companies in the S&P 500, we can find even higher yields. CenturyLink (CTL), L Brands (LB), Ford (F), Iron Mountain (IRM), and Kimco Realty (KIM) currently pay the highest dividends in the S&P 500 with yields from 10.3% down to 7.2%.

Top 30 High Dividend Blue Chip Stocks in the S&P 500

Blue Chip Stock Company Name Recent Price Dividend Yield
CTL CenturyLink $20.92 10.3%
LB L Brands $28.52 8.4%
F Ford $8.82 8.3%
IRM Iron Mountain $32.45 7.2%
KIM Kimco Realty $15.48 7.2%
T AT&T $32.85 6.1%
STX Seagate Technology $43.66 5.8%
MAC Macerich $51.42 5.8%
VTR Ventas $54.90 5.8%
HCP HCP $25.80 5.7%
IVZ Invesco $21.14 5.7%
SO Southern Co $43.94 5.5%
WELL Welltower $63.96 5.4%
PM Philip Morris $84.62 5.4%
PPL PPL $30.45 5.4%
NLSN Nielsen $26.31 5.3%
MO Altria Group $62.91 5.1%
NWL Newell Brands $18.07 5.1%
WMB Williams Cos $27.20 5.0%
OKE ONEOK $67.31 4.9%
WY Weyerhaeuser $29.10 4.7%
GM General Motors $32.60 4.7%
SPG Simon Property Group $172.62 4.6%
O Realty Income $57.31 4.6%
M Macy's $32.76 4.6%
D Dominion Energy $73.21 4.6%
DUK Duke Energy $81.88 4.5%
KHC Kraft Heinz $55.74 4.5%
GIS General Mills $43.94 4.5%
KMI Kinder Morgan $18.00 4.4%

You’ll also notice that nearly one third of the top 30 high dividend stocks in the S&P 500 are real estate investment trusts (REITs), which are known for their high dividend yields. 

We think (the right) REITs can be a powerful addition to a high dividend portfolio since they provide very high income and offer exposure to the real estate industry without having to buy physical property.

Data as of 10/10/18

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