Investing

The 5 Highest-Yielding Dividend Kings May Be Among the Safest Stock Ideas Now

Leggett & Platt also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems, motors and actuators and cables; titanium, nickel and stainless-steel tubing, formed tubes, tube assemblies and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile original equipment manufacturers (OEMs) and Tier 1 suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs.

Leggett & Platt stock investors receive a 4.65% dividend. The $52 Goldman Sachs target price compares with the $46.75 consensus target and Tuesday’s close at $36.16 a share.

Universal

While this company’s products may not be for everyone, they have strong demand and have been in business for almost 150 years. Universal Corp. (NYSE: UVV) processes and supplies leaf tobacco and plant-based ingredients worldwide. It engages in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.


The company contracts, purchases, processes and sells flue-cured, burley and oriental tobaccos that are primarily used in the manufacture of cigarettes, and dark air-cured tobaccos principally used in the manufacture of cigars, natural wrapped cigars and cigarillos, smokeless and pipe tobacco products. It also provides value-added services, including blending, chemical and physical testing of tobacco; service cutting for various manufacturers; manufacturing reconstituted leaf tobacco; just-in-time inventory management services; electronic nicotine delivery systems; and smoke testing services for customers.

In addition, Universal Corporation offers testing services for crop protection agents and tobacco constituents in seed, leaf and finished products, including e-cigarette liquids and vapors. Its analytical services include chemical compound testing in finished tobacco products and mainstream smoke. Further, it provides various value-added manufacturing processes to produce specialty vegetable and fruit-based ingredients for the food and beverage end markets, as well as provides water pipe style leaf tobacco and recycles waste materials from tobacco production.

Investors receive a 5.40% dividend. There is a Buy rating listed but we could not confirm which Wall Street firm has it. We did find that BlackRock owns a stunning 16% of the shares. Over the past year, the stock has traded between $46.24 and $61.48 per share. The closing price on Tuesday was $57.98.


Any company that has paid shareholders dividends for 50 years or more is the epitome of safe and dependable. All these outstanding stocks have support from top Wall Street analysts, making them good ideas for nervous investors. In these turbulent times, “better safe than sorry” are words to live by for sure, especially given the multitude of events and situations that are threatening a stock market that ran way past its intrinsic value some time ago.

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