Investing

5 Highest-Yielding Dividend Aristocrat Stocks to Buy Now for 2021

Franklin Resources

This company is a mutual fund powerhouse and continues to grow its huge asset base. Franklin Resources Inc. (NYSE: BEN) is among the largest and most global managers. At times, 50% of its sales are from outside the United States, an advantage given a maturing U.S. market.

Franklin Resources offers its products and services under the brands of Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2, LibertyShares, and Edinburgh Partners.

The continuing bull market has proven to be a solid tailwind for the company, and while withdrawals from baby boomers may be a concern, the path forward looks solid.

Franklin Resources stock investors receive a 4.56% dividend. BofA Securities has set a $26 price target. The consensus target is $22.14, but shares closed above that level Wednesday at $24.74.

People’s United Financial

This off-the-radar financial institution looks to be offering investors huge value at current trading levels. People’s United Financial Inc. (NASDAQ: PBCT) is a bank and financial holding company. It engages in the provision of commercial banking, retail and business banking, and wealth management services to individual, corporate and municipal customers.

The Commercial Banking segment consists of commercial real estate lending, commercial and industrial lending and commercial deposit gathering activities. The Retail Banking segment comprises consumer lending and consumer deposit gathering activities, as well as merchant services. The Treasury segment covers the securities portfolio, short-term investments, brokered deposits, wholesale borrowings and the funding center.

Investors receive a 5.73% dividend. Seaport Global Securities has initiated coverage with a Buy rating and a $17 price target. That compares to the $13.21 consensus target. The shares ended Wednesday at $12.93.


All five stocks have reasonable upside to the Wall Street targets, and they all come with at least a 4% dividend and that is very dependable. With even moderate appreciation in the shares prices of these top companies, investors should be looking at double-digit total return potential. In a market that is very long in the tooth, that makes sense now.

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