Dividend Investing: 5 Dividend Stocks with a 4% Dividend Yield

We wanted to talk about 5 dividend stocks with dividend yields over 4%! Dividend stocks with these yields will surely help you on your passive income journey. The road to financial freedom takes many steps and with these 5 dividend stocks, we hope that you can consider them on your journey!

Reference items:
►Dividend Diplomat Stock Screener: https://www.youtube.com/watch?v=oimCqajeCIk
►Dividend Stock Watch List: Lanny's August 2020 Edition https://www.dividenddiplomats.com/dividend-stock-watch-list-lannys-august-2020-edition/
►Dividend Aristocrats - Who & What are They?: https://youtu.be/cXRbPvVpKuE
►Dividend Investing - Bert's 5 Always Buy Stocks, Now and FOREVER: https://youtu.be/Gt13J9tFtfI

First, we chose dividend aristocrats due to their consistency. They have increased their dividend through all types of crisis time periods. This includes the Financial crisis, tech bubble bursting, housing bubble and even the global pandemic right now. In addition, owning these legacy and iconic companies helps you sleep at night.

Second, we are looking at dividend stocks at over a 4% dividend yield. We chose 4% as the dividend yield, to ensure double the S&P 500 current dividend yield and provide you more bang for your buck with each dollar invested. You know that this beats the "high yield savings account" interest rates, which currently sit at a 0.80%.

Third, enough with all of this other talk, here are the 5 dividend stocks to help you on your financial freedom journey below!

1.) AT&T (T) - AT&T has yielded over 7% for months it feels like now. They have increased their dividend for over 35+ consecutive years and they continue to grow their entertainment service platform.

2.) Consolidated Edison (ED) - Another one of our Top 5 Foundation Dividend Stocks, they have a dividend yield that has now swelled over the 4% dividend mark. Further, they are about as consistent as any dividend paying company, as they typically grow their dividend in the 3-5% range.

3.) 3M Company (MMM) - One of Bert's 5 Always Buy, Now and FOREVER dividend stocks, 3M holds a spot on the list. However, at the time of recording the dividend yield was over 4%, but their stock price has risen quite a bit and now yield just under. Given their production of products used to help fight the pandemic - think respirators, N95 masks, they could deserve a spot in your stock portfolio.

4.) Walgreens (WBA) - Walgreens dividend yield is over 4.70% and they are in the ever-dynamic healthcare industry. Competing with CVS, they are continuing to service the pharmaceutical industry, especially when the USPS is having significant delays in mailing prescriptions. I wonder if Walgreens would ever decide to merge with another entity, similar to CVS and Aetna.

5.) Peoples United Bancorp (PBCT) - PBCT is a dividend aristocrat, yielding well over 6%. Further, being in the banking industry, they have benefited significantly from the economic stimulus package, thanks to the federal reserve. PBCT was able to generate fee income, grow their loan portfolio and take in all of those stimulus checks as deposits. In addition, PBCT has been able to maintain their dividend, despite the Fed putting strict chains around lower-capitalized institutions with high dividend payout ratios.

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As always, we recommend conducting your own research to make your own decisions.

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