From 24/7 Wall St. · Chris Lange · · 2m
5 Dividend Stocks Yielding Up to 8% That Could Keep Paying for Years
Five dividend stocks with yields up to 8% offer steady payouts backed by cash flow, contracts, or regulation.
In brief
Five dividend stocks with yields up to 8% offer steady payouts backed by cash flow, contracts, or regulation. Five income stocks including Kimberly-Clark, General Mills, W. P. Carey, VICI Properties, and Consolidated Edison provide yields from 3.22% to 7.83% with long histories of dividend payments. Originally…
Kimberly-Clark: 54-Year Dividend Streak
Kimberly-Clark pays $1.28 quarterly at $104.77 share, yielding 4.89% with 54 consecutive years of dividend increases.
“The quarterly payout has gone up every year in the dividend record, from $0.26 in 1999 to $1.26 in 2.025 and $1.28 in 2026.”
General Mills: 127-Year Dividend History
General Mills pays $0.61 quarterly at $32.87 share, yielding 7.42% with 127 consecutive years of uninterrupted payments.
“The company calls this its 127th consecutive year of uninterrupted dividend payments, and the quarterly record shows no missed payments from 1999 through the most recent October 13, 2026 ex-dividend date.”
W. P. Carey: Quarterly Dividend Reset
W. P. Carey raised its quarterly dividend to $0.95, yielding 5.90% at $64.45 share after a post-spin-off reset.
“After the office spin-off, the quarterly dividend fell from $1.071 to $0.86 in late 2023. It has been raised every quarter since.”
VICI Properties: 100% Occupancy REIT
VICI Properties pays $0.46 quarterly at $23.51 share, yielding 7.83% with 100% occupancy and 39.6-year leases.
“The record shows an increase every year since the 2018 IPO, from $0.2875 per quarter in 2018 to today’s $0.46.”
Consolidated Edison: 52-Year Raise Streak
Consolidated Edison pays $0.8875 quarterly at $110.37 share, yielding 3.22% with 52 consecutive years of dividend increases.
“The 2026 raise was 4.4%, and the dividend record shows a higher quarterly rate in every year from 2017 ($0.69) onward.”
Dividend Safety Metrics
Kimberly-Clark covers 95% of EPS with $321m free cash flow; General Mills uses 79% of EPS guidance; W. P. Carey has 70% AFFO payout ratio.
“The annualized dividend equals about 95% of trailing GAAP EPS of $5.37, although adjusted results run higher.”
Bull Case: Kimberly-Clark
Kimberly-Clark’s profits rose 6.2% to $757m with a fifth straight earnings beat, trading at 13x forward earnings.
“Second-quarter adjusted operating profit rose 6.2% to $757 million. Adjusted EPS of $2.12 beat the $2.01 consensus, the company’s fifth beat in a row.”
Bull Case: General Mills
General Mills trades at 12x forward earnings with a 24.45% year-to-date decline and strong EPS guidance.
“The stock is down 24.45% year to date and trades at just 12 times forward earnings.”
Bull Case: W. P. Carey
W. P. Carey’s AFFO rose 4.7% to $1.34 per share with strong balance sheet and low debt levels.
“Second-quarter AFFO of $1.34 per share rose 4.7% and beat the $1.24 consensus.”
Bull Case: VICI Properties
VICI Properties’ revenue rose 5.7% with AFFO guidance higher despite a GAAP EPS miss.
“Revenue rose 5.7% to $1.06 billion last quarter and affo guidance moved higher.”
Bull Case: Consolidated Edison
Consolidated Edison’s EPS beat the $0.77 consensus with 8.8% annualized revenue growth through electrification.
“Second-quarter adjusted eps of $0.83 beat the $0.77 consensus.”
Risks to Watch
Kimberly-Clark faces acquisition integration risks; General Mills sees shrinking profits; W. P. Carey faces higher refinancing costs.
“The pending acquisition of the maker of Tylenol and Listerine is expected to close by end of 2026. It brings integration risk to a balance sheet with little equity cushion.”
What Happens Next
VICI’s tenant concentration, Kimberly-Clark’s acquisition close, and General Mills’ dividend resumption are key to these stocks’ future performance.
“The next items to track are VICI’s tenant concentration, the close of Kimberly-Clark’s acquisition, and whether General Mills resumes raises.”
What matters most
Five income stocks including Kimberly-Clark, General Mills, W. P. Carey, VICI Properties, and Consolidated Edison provide yields from 3.22% to 7.83% with long histories of dividend payments.
