19 blue chip stocks with dividends for 2022
If you own stocks, you’ve probably seen their the value goes down This year. As difficult as it may be, you probably also know that historically stock prices have always tended to rise over time. But the other thing to keep in mind is that with some stocks there is another way to make money besides price appreciation, and that is dividends.
Some companies pay dividends to their shareholders in order to generate profits. Even if the stock price drops, the company can still pay dividends as long as it makes money.
Which Bluechip stock is the best?
There are companies that pay dividends each year and others who only pay them when they have earned enough to justify them. And then there are the so-called dividend kings. These are companies that have not only paid an annual dividend, but have increased their dividend every year. Moreover, these companies have been increasing their annual dividend every year for at least 50 years.
These are the blue chip stocks with dividends from the S&P 500 that have increased their dividend every year since at least 1972. Future dividends are expressed as a dollar amount per share and a forward dividend yield, which is the percentage of the current action. price the company expects to pay over the next 12 months.
1. 3M Company
3M Company (NYSE: MMM) has paid an increasing dividend every year for the past 64 years. Currently, its forward dividend is $5.96 with a yield of 4.71%. 3M, originally known as Minnesota Mining and Manufacturing Company, manufactures well-known consumer products such as Scotch Tape, Command Hooks and Post-it Notes. In addition to these household favorites, the company makes industrial products for the automotivehealthcare, transport, electronics and energy, among others.
2. Abbott Laboratories
Abbott Laboratories (NYSE:ABT) celebrated 50 years of increasing dividends this year alone. The company’s forward dividend is $1.88, yielding 1.89%. Abbott Laboratories provides medical devices, diagnostics, generic drugs and nutritional products to healthcare consumers in more than 160 countries.
3. AbbVie, Inc.
AbbVie (NYSE: ABBV) spun off from Abbott Laboratories in 2013, but has maintained a growing dividend ever since, with a forward dividend of $5.92 and a yield of 4.01%. AbbVie is a biopharmaceutical company which provides products and drugs in the areas of immunology, oncology, neuroscience, eye care, virology and women’s health.
4.Becton, Dickinson & Co.
Becton, Dickinson & Co. (NYSE: BDX) is another dividend kingpin, celebrating 50 years of increasing dividends this year. The company’s forward dividend is $3.48, yielding 1.48%. Becton, Dickinson & Co., known as BD, is a medical technology company focused on improving medical discovery, diagnostics and healthcare delivery. The company employs more than 75,000 people worldwide and manufactures more than 45 billion devices a year.
5. Cincinnati Financial Corp.
Cincinnati Financial Corp. (Nasdaq: CINF) has increased its dividend every year for 62 years, and its forward dividend is now $2.76, yielding 2.69%. Cincinnati Financial Corp. is the parent company of a group of insurance companies that provides businesses, homeowners, auto and life insuranceas well as surplus and surplus lines, through independent agents.
Coca-Cola (NYSE:KO) has 60 years of increasing dividends under its belt. Its term dividend is $1.76, or 2.90%. Best known for its ubiquitous soft drinks including Coke, Diet Coke, Sprite, and more, the company produces and markets more than 200 brands in more than 200 countries and territories.
7. Colgate Palmolive
Colgate-Palmolive (NYSE:CL) has also increased its dividend over the past 60 years and has a forward dividend of $1.88 with a yield of 2.52%. This consumer products giant markets popular brands such as Colgate toothpaste, Palmolive dishwashing liquid, Speed Stick deodorant, Irish Spring soap and Tom’s of Maine products.
8. Dover Corporation
Dover Corp. (NYSE:DOV) is one of three dividend kings tied for the longest dividend increase record – 66 years! The company’s forward dividend is $2.02 with a yield of 1.53%. Dover Corporation is a manufacturing conglomerate providing products and services for the industrial automation, vehicle aftermarket, aerospace and defense markets.
9. Emerson Electric Co.
Emerson Electric Co. (NYSE: EMR) has been paying out growing dividends for 60 years. Currently, the company’s forward dividend is $2.06, a yield of 2.36%. Emerson Electric provides automation solutions and commercial and residential solutions for businesses, with an emphasis on sustainability, responsibility and social responsibility.
10. Federal Real Estate Investment Trust
Federal Realty Investment Trust (NYSE:FRT) has a 55-year history of increasing dividends, a record for real estate investment trusts. Currently, its forward dividend is $4.32, yielding 4.37%. The Company owns, operates and develops shopping centers, urban mixed-use properties and other real estate on the East and West Coasts and in Chicago.
11. Genuine Parts Company
Genuine Parts Company (NYSE: GPC) is one of three companies on the Dividend Kings List that has been raising dividends for 66 years. The company’s forward dividend is $3.58 with a yield of 2.00%. The company distributes automotive and industrial spare parts worldwide.
12. Illinois Tool Works
Illinois Tool Works (NYSE: ITW) has been paying its shareholders growing dividends for 51 years. The company’s forward dividend is $5.24 with a yield of 2.45%. Illinois Tool Works designs and manufactures solutions in the automotive OEM, construction products, food equipment, polymers and fluids, test and measurement, welding, and specialty products industries.
13. Johnson & Johnson
Johnson & Johnson (NYSE: JNJ) is a household name that has been delivering growing dividends to shareholders for 60 years. The forward dividend is $4.52, with a yield of 258%. J&J makes consumer health products, including bandages, Johnson baby shampoo, Tylenol, Aveeno skin care and Listerine mouthwash. The company is also important in the medical technology and pharmaceutical sectors.
PPG Industries (NYSE:PPG) has a 50-year record of increasing dividends. Its term dividend is $2.48, or 2.17%. PPG is a manufacturer of paints, coatings and sealants for household, automotive, industrial and aerospace applications.
15. Overseer and wager
Proctor & Gamble (NYSE:PG) is a consumer products juggernaut that has increased its dividend every year for 66 years, putting it at the top of the list of dividend kings. P&G’s forward dividend is $3.65, a yield of 2.70%. The company makes such ubiquitous consumer brands as Tide laundry detergent, Bounty paper towels, Oral-B toothbrushes and Luvs diapers.
16. Stanley Black & Decker
Stanley Black & Decker (NYSE: SWK) has increased its dividend every year for 54 years. Its term dividend is $3.20, or 4.08%. The company is the largest tool manufacturer in the world, with well-known brands such as Dewalt, Black+Decker, Stanley, Craftsman, Troy-Bilt and many more.
17. Target Corp.
Target Corp. (NYSE: TGT) has been offering its shareholders dividends for 50 years, with each year being greater than the last. The company’s forward dividend is $4.32, or 2.58%. The department store chain was founded in 1962 as the discount arm of Dayton’s, beginning with four stores in Minnesota. In 2021, the company recorded revenue of $106 billion.
18. VF Company
VF Corp. (NYSE: VFC) marks 50 years of increasing dividends with a forward dividend of $2.04 and a yield of 7.22%. The apparel, footwear and accessories company focuses on the active lifestyle and includes brands such as The North Face, Vans, Timberland, Dickies, JanSport and many more.
19. WW Grainger Inc.
WW Grainger Inc. (NYSE: GWW) has 51 years of increasing dividends under its belt and a forward dividend of $6.88, yielding 1.19%. Grainger is a hardware manufacturer and also provides technical support and inventory management. It produces over 1.5 million products for safety and security, lighting and electrical, cleaning and janitorial, material handling, fleet and vehicle maintenance, engines and transmission of power, etc.
Despite the current state of the market, these dividend kingpins should continue to produce revenue for shareholders as they have for at least half a century. If you’re looking for ROI that goes beyond price appreciation, the dividend kings are worth considering.
Blue Chip Stock FAQs
Here are the answers to some of the most frequently asked questions about blue chip stocks.
- Which blue chip stocks pay the highest dividends?
- In this guide, the blue chip stocks that pay the highest dividends are 3M Company (MMM), AbbVie, Inc. (ABBV), Illinois Tool Works (GPC), Johnson & Johnson (JNJ), Target (TGT). The stock that pays the best dividend according to this guide is WW Grainger Inc. (GWW), currently with a forward dividend yield of over $6.
- Are blue chip stocks dividend stocks?
- Blue chip stocks often pay dividends, but not all of them. Blue chip stocks that do not pay dividends include Amazon (AMZN), Meta (META), Monster Beverage Cp (MNST) and Alphabet (GOOG, GOOGL).
- How often do blue chip stocks pay dividends?
- Dividends are paid quarterly – or four times a year – for the most part, although there are some instances where they are paid on a semi-annual or even monthly basis.
Melanie Grafil contributed reporting for this article.
The information is accurate as of October 31, 2022.
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