3 Attractive High Dividend Stocks Yielding Over 5%

The average dividend yield in the S&P 500 Index remains low at 1.1%. As a result, income investors largely have to settle for less dividend income when buying stocks.

However, there are still quality high dividend stocks with current yields well above the market average. These 3 dividend stocks have yields above 5%, and the ability to grow their dividend payouts over the long run.

Hormel Foods (HRL)

Hormel Foods was founded in 1891 in Minnesota. Since that time, the company has grown into a juggernaut in the food products industry with about $12.3 billion in annual revenue. The company sells its products in 80 countries worldwide, and its brands include Skippy, SPAM, Applegate, Justin’s, and more than 30 others.

Hormel posted first quarter earnings on February 26th, 2026, and results were mixed. The company posted slightly higher revenue at +1.3% year-over-year, totaling $3.03 billion. That missed expectations by $30 million.

Adjusted earnings-per-share came to 34 cents, which was two cents better than estimates. Management noted gross profit was weak enough to offset top line growth as higher input costs and logistics expenses were worse than expected.

Adjusted SG&A was comparable to the year-ago period as a percentage of revenue, as higher employee and legal expenses were offset by reductions in marketing and advertising. Adjusted operating income was $247 million, while adjusted operating margin was 8.2% of revenue for the quarter. Cash flow from operations was $349 million, rising about $26 million year-over-year.

HRL has increased its dividend for 60 consecutive years and currently yields 5.7%.

Franklin Resources (BEN)

Franklin Resources is a global asset manager that offers investment management (which makes up the bulk of fees the company collects) and related services to its customers, including sales, distribution, and shareholder servicing. As of December 31st, 2025, assets under management (AUM) totaled $1.684 trillion.

On December 17th, 2025, Franklin Resources announced a $0.33 quarterly dividend, marking a 3% year-over-year increase and the company’s 46th consecutive year of increasing its payment. The company qualifies as a Dividend Aristocrat due to its history of annual dividend increases.

In the 2026 first quarter, total assets under management equaled $1.684 trillion, up $23 billion sequentially, as a result of $28 billion of long-term net inflows, and $6.1 billion from the Apera Asset Management acquisition. AUM growth was partly offset by $10.1 billion of net market change, distributions, and other, plus $1.2 billion of cash management net outflows.

For the quarter, operating revenue totaled $2.327 billion, up 3% year-over-year. On an adjusted basis, net income equaled $378 million or $0.70 per share, up 19% from $0.59 in Q1 2025.

Share buybacks will help boost future earnings-per-share growth. During Q1, Franklin repurchased 1.8 million shares of stock for $42 million. Franklin ended the quarter with $6.2 billion in cash and investments.

Enbridge Inc. (ENB)

Enbridge is an oil & gas company that operates the following segments: Liquids Pipelines, Gas Distributions, Energy Services, Gas Transmission & Midstream, and Green Power & Transmission. Enbridge was founded in 1949 and is headquartered in Calgary, Canada.

Enbridge reported its fourth quarter earnings results in February. The company generated revenues of CAD$17.2 billion during the period, which was up 6% compared to the previous year’s quarter, and which pencils out to US$12.5 billion.

During the quarter, Enbridge managed to grow its adjusted EBITDA by 2% year over year, to CAD$5.2 billion, up from CAD$5.1 billion during the previous year’s quarter. During the fourth quarter, Enbridge was able to generate distributable cash flows of CAD$3.2 billion, which equates to US$2.3 billion, or US$1.06 on a per-share basis. Distributable cash flows rose by 4% in 2025.

Enbridge put billions worth of projects into service over the last couple of years, and more growth projects are under construction, which includes new energy assets such as wind farms as well as hydrocarbon assets such as pipelines. According to management, growth will persist going forward, as Enbridge targets long-term cash flow per share growth of around 5%.

ENB has increased its dividend for over 30 years in its home currency.