Suppose you are investing for the long term. In that case, picking stocks with higher dividend yields helps you reduce the cost of acquisition and earn some extra income. Regular dividend payout helps reduce the cost of acquisition for investors and magnifies the total return on the investment.
Usually, the higher the dividend yield, the more attractive a stock is for investors. So, let’s look at the ten biggest companies with over 5% dividend yield. We have used the market capitalization of companies (as of Aug. 26, 2022) to rank the ten biggest companies with over 5% dividend yield.
10. Dow
Founded in 1897 and headquartered in Midland, Mich., Dow Inc (NYSE:DOW) is a materials science company that integrates science and technology to develop innovative solutions. The shares are down by over 3% year to date and almost 21% in the last three months. It reported revenue of more than $54 billion in 2021 and over $38 billion in 2020. Dow has a market capitalization of over $40 billion as of this writing.
9. Kinder Morgan
It is an energy infrastructure company founded in 1997 and headquartered in Houston. Kinder Morgan (NYSE:KMI) shares are up by over 20% year to date but are down by almost 5% in the last three months. It reported revenue of more than $17 billion in 2021 and over $11 billion in 2020. Kinder Morgan has a market capitalization of over $43 billion as of this writing.
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Devon Energy
Founded in 1971 and headquartered in Oklahoma City, this company deals in the exploration, development, and production of oil and natural gas properties. Devon Energy Corporation (NYSE:DVN) shares are up by over 24% year to date but are down by almost 3% in the last three months. It reported revenue of more than $13 billion in 2021 and over $4 billion in 2020. Devon Energy has a market capitalization of over $48 billion as of this writing.
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Enterprise Products Partners
Founded in 1998 and headquartered in Houston, it is a holding company that deals in producing natural gas and petrochemicals. Enterprise Products Partners (NYSE:EPD) shares are up by almost 24% year to date but are down by over 1% in the last three months. It reported revenue of more than $41 billion in 2021 and over $26 billion in 2020. As of this writing, Enterprise Products Partners has over $59 billion in market capitalization.
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Pioneer Natural Resources
Founded in 1997 and headquartered in Irving, Texas, it is an independent oil and gas exploration and production company. Pioneer Natural Resources Co (NYSE:PXD) shares are up by over 44% year to date but are down by over 6% in the last three months. It reported revenue of more than $17 billion in 2021 and over $7 billion in 2020. Pioneer Natural Resources has a market capitalization of over $60 billion as of this writing.
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Altria Group
Founded in 1919 and headquartered in Richmond, Va., this company makes and sells cigarettes in the U.S. Altria Group (NYSE:MO) shares are down by almost 2% year to date and down almost 15% in the last three months. It reported revenue of more than $21 billion in 2021 and over $20 billion in 2020. Altria Group has a market capitalization of over $80 billion as of this writing.
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Blackstone
This company was founded in 1985, headquartered in New York City, and offered investment and fund management services. Blackstone Group (NYSE:BX) shares are down by almost 20% year to date and down almost 14% in the last three months. It reported revenue of more than $12 billion in 2021 and over $6 billion in 2020. Blackstone has a market capitalization of over $125 billion as of this writing.
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AT&T
Founded in 1983 and headquartered in Dallas, this company offers telecommunications media and technology services. AT&T (NYSE:T) shares are down by almost 3% year to date and down almost 16% in the last three months. It reported revenue of more than $168 billion in 2021 and over $171 billion in 2020. AT&T had over $128 billion in market capitalization as of this writing.
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Philip Morris International
Founded in 1847 and headquartered in New York City, this company makes and sells cigarettes, tobacco, and nicotine-containing products. Philip Morris International Inc. (NYSE:PM) shares are up by almost 3% year to date but are down by almost 9% in the last three months. It reported revenue of more than $31 billion in 2021 and over $28 billion in 2020. As of this writing, Philip Morris International has over $150 billion in market capitalization.
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Verizon Communications
Founded in 1983 and headquartered in New York City, this company provides communications, information, and entertainment products and services to government institutions, businesses and consumers. Verizon Communications (NYSE:VZ) shares are down by over 16% year to date and down over 15% in the last three months. It reported revenue of more than $130 billion in 2021 and over $128 billion in 2020. As of this writing, Verizon Communications has a market capitalization of over $182 billion.