We know that dividend stocks offer you distributions from the company regularly in the form of cash payments, and it can be a good source of passive income and increase your wealth over time. But all dividend stocks will not give you adequate returns, and this is where you need to exercise your expertise in assessing the best ones.
In this article, you can go through the top dividend stocks that will give you better returns in 2022. So, you can invest in the following high dividend stocks or hold on to them if you have them in your investment portfolio.
Top stocks paying dividends for 2022
Check out these dividend stocks from which you can derive many benefits in the form of returns.
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Johnson & Johnson (NYSE: JNJ)
The yield from this dividend stock is 2.5%. There are several products under the banner of this company that includes medical devices pharmaceutical products and it is recognized as one of the reputed brands across the globe. It is one of the best dividend stocks to buy now.
Over the last year, the company has created $22 billion as free cash flow, and as such, the investors would want to hold on to the stocks or invest in them in 2022.
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Hormel Foods (NYSE:HRL)
The yield from the company is 2.2%. You might be surprised to know that few of the best dividend stocks come from grocery stores. And one of the classic examples of this is Hormel Foods, which sell food and beverage weekly. It has a portfolio of nuts, spreads, soups, and meats that it sells, to name just a few. The management is disciplined and has very little debt on the company’s balance sheet.
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Lancaster Colony (NASDAQ: LANC)
The yield from the company is 2%. It is one of the better dividend stocks to invest in right now if you have not already. The company is like that of Hormel Foods, where the consumers are well aware of the company’s many products, and these products are pretty popular among the customers as well. It occupies a place in the so-called Dividend King Club and boats of a market cap of lower than $5 billion.
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Altria Group (NYSE: MO)
Although many investors do not prefer to invest in tobacco products, it will not be wrong to say that this company offers an excellent yield of 7.7%. It is one of the top companies in the Dividend King Club. Marlboro is one brand that the company sells, a very popular cigarette brand in the United States.
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American States Water (NYSE: AWR)
The yield is 1.4%. Water is needed by all that makes it undoubtedly the essential product that any company can deal in. It is an electric utility and water company and caters to the needs of more than 1 million residents spread among the nine states.
Each of the companies is likely to be an excellent option for you to go for in regard to getting top dividends to say the least.
