3 Highest-yielding Dividend Aristocrats That’ll Pay You For Generations

Meanwhile, 16 analysts rate the stock a “Moderate Buy”. It has around 20% upside if it achieves its high target of $60.

The second Dividend Aristocrat is Federal Realty Investment Trust, a REIT that operates retail and mixed-use properties in high-income U.S. markets, primarily through shopping centers and urban retail locations.

Its most recent quarterly financials reported that sales were up 6% YOY to $322 million. Net income also increased 1% to $61 million. Federal Realty’s operating cash flow rose 3.37% over the past year, while its EPS grew 3.51%, which is pretty solid as REITs are not usually built for rapid earnings expansion.

Federal Realty has increased its dividends for 58 consecutive years, and currently pays a forward annual dividend of $4.52, translating to a yield of approximately 4.3%.

Further, a consensus among 19 analysts rates the stock a “Moderate Buy” and suggests there’s around 15% upside should it reach its target high of $120.

The final Dividend Aristocrat on my list today is McCormick & Company, a renowned food company known mainly for its wide range of spices used to enhance the taste of home and commercial food meals around the world. Actually, I think there’s a strong chance that at least one of its products is already sitting in my kitchen cabinet.

In its recent quarterly financials, McCormick reported sales increased 3% YOY to $1.9 billion, and operating cash flow rose 4.37%. On the bottom line, net income grew 5.3% to $227 million.

In terms of providing shareholder value, McCormick increased its dividends for 40 consecutive years, paying a forward annual dividend of $1.92, translating to a yield of ~2.7%.

With that, a consensus among 13 analysts rate the stock a “Moderate Buy” with as much as 24% upside potential if the stock hits its high target of $89.

There you have it, three of the highest-yielding Dividend Aristocrats worth buying today. They didn’t make the noisiest headlines, but they do continue to provide a stable source of income even through volatility. Though, as they say, nothing lasts forever, and past years’ results may not be as good as this year. But remember, it’s how all funds are sold- so it’s never wrong consider the fundamentals first.

On the date of publication, Rick Orford did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com