3 High Yielding Dividend Champions Yielding Over 5%
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Dividend growth investors should consider high-quality dividend stocks when looking for high yields, such as the Dividend Champions. This is a group of over 130 stocks that have dividend increase streaks of at least 25 years.
With that sort of longevity, their business models can stand the test of competition, recessions, and technological changes that inevitably occur. Starting with this list of Champions and narrowing it down to the higher-yielding ones can produce truly great dividend stocks.
These 3 Dividend Champions have high yields above 5%, making them particularly appealing for income investors.
T. Rowe Price Group (TROW)
T. Rowe Price Group, founded in 1937 and headquartered in Baltimore, MD, is one of the largest publicly traded asset managers. The company provides a broad array of mutual funds, sub-advisory services, and separate account management for individual and institutional investors, retirement plans and financial intermediaries.
T. Rowe Price had assets under management (AUM) of nearly $1.6 trillion as of March 31st, 2025.
On February 11th, 2025, T. Rowe Price raised its quarterly dividend 2.4% to $1.27, marking the company’s 39th year of increasing its payout.
On May 2nd, 2025, T. Rowe Price reported first quarter results for the period March 31st, 2025. For the quarter, revenue grew 0.6% to $1.76 billion, though this was $20 million less than expected. Adjusted earnings-per-share of $2.23 compared unfavorably to $2.38 in the prior year, but this beat estimates by $0.10.
During the quarter, AUMs of $1.57 billion grew 1.9% year-over-year, but decreased 4.2% sequentially. Market depreciation of $37.1 billion and net cash outflows of $19.2 billion were partially offset by increases in money market and multi-asset inflows.
Asset managers like T. Rowe have low variable costs. As a result, higher revenues, driven primarily by increasing assets under management, allow for margin expansion and attractive earnings growth rates. Assets under management grow in two basic ways: increased contributions and higher underlying asset values.
On the contribution side, T. Rowe Price’s strong past performance is a key selling point and could attract customers going forward. In addition, T. Rowe has another growth lever in the way of share repurchases.
TROW stock currently yields 5.4%.
NNN REIT (NNN)
National Retail Properties is a REIT that owns single-tenant, net-leased retail properties across the United States. It is focused on retail customers because they are much more likely to accept rent hikes to avoid switching locations and losing their customer base.
On May 1, 2025, NNN REIT, Inc. reported its financial results for the first quarter ended March 31, 2025. The company achieved net earnings of $0.51 per diluted share, a slight decrease from $0.52 per share in the same period of the previous year.
Core Funds From Operations (Core FFO) and Adjusted Funds From Operations (AFFO) per diluted share both increased by 3.6% year-over-year, reaching $0.86 and $0.87, respectively. Total revenues grew to $230.9 million, up from $215.4 million in the first quarter of 2024.
During the quarter, NNN REIT invested $232.4 million in 82 properties, achieving an initial cash cap rate of 7.4% and a weighted average lease term exceeding 18 years, completing over 40% of its 2025 acquisition volume plan at the midpoint.
The company maintained a high occupancy rate of 97.7% across its portfolio of 3,641 properties.
National Retail’s payout ratio is being maintained at nearly three-quarters of FFO, and we believe it will stay there for the foreseeable future. Given this, the dividend is fairly safe at this point with the trust’s rising earnings. NNN has increased its dividend for 35 consecutive years and the stock currently yields 5.5%.
Polaris Inc. (PII)
Polaris designs, engineers, and manufactures snowmobiles, all-terrain vehicles (ATVs) and motorcycles. In addition, related accessories and replacement parts are sold with these vehicles through dealers located throughout the U.S.
The company operates under 30+ brands including Polaris, Ranger, RZR, Sportsman, Indian Motorcycle, Slingshot and Transamerican Auto Parts. The global powersports maker, serving over 100 countries, generated more than $7 billion in sales in 2024.
On April 29th, 2025, Polaris reported first quarter results for the period ending March 31st, 2025. For the quarter, revenue fell 11.5% to $1.54 billion, but this was $10 million above estimates. Adjusted earnings-per-share of -$0.90 compared unfavorably to $0.23 in the prior year, but this was $0.01 better than expected.
For the quarter, Marine sales decreased 7%, On-Road was lower by 20%, and Off-Road, the largest component of the company, declined 10%. As with previous quarters, decreases in all three businesses were mostly due to lower volumes.
Over the long-term Polaris can generate growth via the ongoing replacement need for ATVs, snowmobiles, and similar vehicles, continued growth in international markets, bolt-on acquisitions, and margin expansion.
PII stock currently yields 6.5%. The company has increased its dividend for 30 consecutive years.
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