The Highest-Dividend US Stocks (2026): Reliable Yield in America
The S&P 500 yields under 2%, so income investors are told to look at bonds. But a set of large, cash-generative US companies still pay 4-7%, funded by real free cash flow rather than financial engineering. The catch is that a high yield is sometimes a warning, not a gift. This guide ranks the highest-yielding US stocks we cover and explains how to separate a durable dividend from a trap. The table updates daily from filings.
Where the yield actually is
High, sustainable US yields cluster in a few mature industries: telecom, tobacco, integrated energy and midstream, some pharma and consumer staples, and the occasional out-of-favour industrial. These are slow-growth cash cows that return capital because they cannot reinvest it all. That is a feature, not a flaw, for an income buyer, but it also means you are usually buying a business the market expects to grow little. Price the stock on that basis.
The number that lies: yield versus cut risk
Dividend yield is price-sensitive by construction: when a stock falls, its yield rises. So the highest yield on any screen is often the market pricing in a cut. Three checks separate real income from a trap:
- Payout ratio and free-cash-flow cover. Is the dividend comfortably covered by earnings and, better, by free cash flow after capex? A payout above ~80% of FCF is a yellow flag.
- The balance sheet. Debt-funded dividends do not last. Check net debt and interest cover; a stretched balance sheet is where cuts start.
- Why is the yield high? Generous policy, or a falling price telling you the earnings are about to drop? Cross-check the trend, not just the level.
We compute dividend yield alongside P/E, EV/EBITDA and ROE for every issuer daily, so you can sanity-check the payout against the valuation and the returns.
The highest-dividend US stocks right now
US names ranked by trailing dividend yield (capped to skip obvious payout traps). A research starting point, not a buy list; click any name for the payout history, cash flow and balance sheet.
| # | Company | Market | Div yield | P/E | EV/EBITDA | Mcap, $bn |
|---|---|---|---|---|---|---|
| 1 | Northern Oil and Gas, Inc. NOG | US | 7.4% | — | 4.7x | 2.6 |
| 2 | VERIZON COMMUNICATIONS INC VZ | US | 6.0% | 11.8x | 7.6x | 193.1 |
| 3 | Altria Group MO | US | 5.5% | 15.9x | 13.4x | 128.7 |
| 4 | British American Tobacco BTI | US | 5.3% | 13.1x | — | 134.2 |
| 5 | AT&T INC. T | US | 5.0% | 11.4x | 7.7x | 150.0 |
| 6 | PEPSICO INC PEP | US | 4.0% | 18.0x | 12.5x | 196.2 |
| 7 | Murphy Oil Corporation MUR | US | 3.8% | 11.0x | 3.9x | 5.2 |
| 8 | Chord Energy Corporation CHRD | US | 3.6% | 8.5x | 2.7x | 7.6 |
| 9 | California Resources Corporation CRC | US | 3.4% | — | 5.2x | 4.2 |
| 10 | Philip Morris International Inc. PM | US | 3.1% | 28.6x | 18.5x | 306.0 |
| 11 | Matador Resources Company MTDR | US | 3.0% | 9.0x | 4.0x | 6.4 |
| 12 | Magnolia Oil & Gas Corporation MGY | US | 2.9% | 14.7x | 7.5x | 6.3 |
| 13 | NEXTERA ENERGY INC NEE | US | 2.8% | 21.2x | 18.6x | 180.3 |
| 14 | Permian Resources Corporation PR | US | 2.8% | 11.7x | 4.7x | 18.7 |
| 15 | SM Energy Company SM | US | 2.8% | 7.8x | 3.0x | 7.3 |
| 16 | Canadian Natural Resources Limited CNQ | US | 2.8% | 10.1x | 6.8x | 102.6 |
| 17 | INTERNATIONAL BUSINESS MACHINES CORP IBM | US | 2.7% | 21.0x | 18.6x | 234.6 |
| 18 | MCDONALDS CORP MCD | US | 2.7% | 21.6x | 17.2x | 193.9 |
| 19 | EOG Resources, Inc. EOG | US | 2.7% | 9.7x | 5.3x | 79.7 |
| 20 | HOME DEPOT, INC. HD | US | 2.6% | 24.6x | 16.6x | 350.5 |
US income versus emerging-market income
A US 5-6% yield is reliable but rarely spectacular. If you can tolerate currency and geography risk, emerging-market banks and franchises pay double that - see the highest-dividend stocks in emerging markets. The right answer is usually a blend: the stability of US payers, topped up with a measured slice of the far higher yields abroad.
The risks
The cut. A dividend is a policy, not a promise; when cash flow falls, the payout is what management protects last. Rates. High-yield equities compete with bonds, so their prices move with interest rates. Secular decline. Some of the fattest yields sit in industries in slow structural decline - the income can be real and the capital still erode. Yield is one input; buy the business, not the number.
Screen the whole market
Build your own income shortlist on our screeners - highest dividend yield, lowest P/E, cheapest by EV/EBITDA - and compare markets on the global valuation map. This guide is analysis, not investment advice.
See also: valuation map · stock screeners · market research