The stock market is undergoing a major shift toward value stocks. Companies that have raised dividends consistently for at least ten years, but fewer than twenty-five, are considered dividend contenders. These industries also have the highest dividend yields, making it a good time to buy when the market is down. Investors are increasingly looking for companies with a strong cash flow position that will produce growing dividends over time, given the rising global inflation. BMY, JPMorgan Chase & Co., and Best Buy Co., Inc. are some of the most popular dividend-paying stocks among the world’s top hedge funds.
Insider Monkey selected the dividend contenders for 2022. Incorporated in Detroit, DTE Energy Company is an energy company. DTE’s dividend yield is 2.99%, and it has increased dividends for the past 12 years in a row. In addition, by 2021, the company plans to increase its renewable energy capacity by 40%. Data center real estate investment trust Digital Realty Trust, Inc. is based in California. Data centers are located in 26 countries, including North America and South America as well as Asia-Pacific and Europe/London. The REIT has over 280 data centers. In the list of the best dividend-paying stocks to buy in 2022, Auburn National Bancorporation, Inc. made it into the top 5. For the past 20 years, the dividend has grown at an annual rate of 3.10 percent. Move-in and move-out services, as well as secure climate-controlled storage, are all available through CubeSmart. During the past decade and a half, the company has consistently increased dividends to shareholders. CubeSmart has declared a quarterly dividend of $0.43 per share, representing a 26.5 percent increase over the prior payout. In the pharmaceutical industry, Bristol-Myers Squibb Company is a major player, producing prescription pharmaceuticals and biologic medicines. Dividends have increased each year for the past 13 years. As of the third quarter of 2021, the largest stakeholder was Warren Buffett’s Berkshire Hathaway. For more details, click the 10 Best Dividend Contenders To Buy For 2022.