3 High Income Dividend Stocks Yielding Over 5%

High dividend stocks are attractive for income investors. With the S&P 500 average yield at just 1.3%, it has gotten harder to find suitable yields in the stock market. And with the Federal Reserve poised to cut interest rates at some point this year, yields on savings accounts and CDs are likely to decline as well.

Fortunately, there are still plenty of quality high dividend stocks to choose from. The following 3 stocks have high yields above 5%, and the ability to raise their dividends over time. This makes them among the best high dividend stocks in the market today.

Verizon Communications (VZ)

Verizon Communications is one of the largest wireless carriers in the country. Wireless contributes three-quarters of all revenues, and broadband and cable services account for about a quarter of sales. The company’s network covers ~300 million people and 98% of the U.S. 

On September 5th, 2025, Verizon increased its quarterly dividend 1.8% to $0.69 for the November 3rd, 2025 payment, extending the company’s dividend growth streak to 21 consecutive years.

On October 29th, 2025, Verizon reported third quarter results for the period ending September 30th, 2025. For the quarter, revenue grew 1.5% to $33.8 billion, but this was $470 million below estimates. Adjusted earnings-per-share of $1.21 compared favorably to $1.19 in the prior year and was $0.02 better than expected.

For the quarter, Verizon Consumer had postpaid phone net losses of 7,000, which compares to net additions of 18,000 in the same period of last year. However, wireless retail core prepaid net additions grew 47,000, marking the fifth consecutive quarter of positive subscriber growth.

Consumer wireless retail postpaid phone churn rate remains low at 0.91%. The Consumer segment grew 2.9% to $26.1 billion while consumer wireless service revenue increased 2.4% to $17.4 billion. Consumer wireless postpaid average revenue per account grew 2.0% to $147.91.

Broadband totaled 306K net new customers during the period, which marks 13 consecutive quarters of at least 300K net adds. The total fixed wireless customer base is almost 5.4 million. Verizon aims to have 8 to 9 million fixed wireless subscribers by 2028.

Wireless retail postpaid net additions were 110K for the period. Free cash flow was $15.8 billion for the first three quarters of the year, up from $14.5 billion for the same period in 2024.

Verizon reaffirmed prior guidance for 2025 as well, with the company still expecting wireless service revenue to grow 2% to 2.8% for the year. Verizon is also expected to produce adjusted EPS growth in a range of 1% to 3%.

Verizon has increased its dividend for 21 consecutive years and the stock currently yields 6.8%.

General Mills (GIS)

General Mills is a packaged food giant, with more than 100 brands and operations in more than 100 countries. It has a market capitalization of $26 billion. General Mills has not cut its dividend for 125 consecutive years. The stock underperformed the market by a wide margin in 2015-2019 due to stagnation of sales amid increased health consciousness of consumers, but it then recovered, mostly thanks to the acquisition of Blue Buffalo and the pandemic, which greatly increased food consumption at home.

On June 30th, 2025, General Mills completed the sale of its North American yogurt business for $2.1 billion in cash. The proceeds will be used for share repurchases. The sale of this business, which generated 8% of total sales last year, is expected to reduce earnings-per-share by ~3% in fiscal 2026, which ends in May 2026. General Mills decided to sell its North American yogurt business for its low profit margins. 

In mid-December, General Mills reported (12/17/25) results for Q2-2026. Net sales and organic sales fell -7% and -1%, respectively, over the prior year’s quarter, primarily due to lower prices. It was one of the worst declines in the last five years, in line with the previous quarter. Gross margin shrank from 36.9% to 34.8%, partly due to higher input costs. Adjusted earnings-per-share decreased -21%, from $1.39 to $1.10, but exceeded the analysts’ consensus by $0.07.

General Mills has grown its earnings-per-share at a 4.1% average annual rate in the last decade. In recent years, the company accelerated, though it has stumbled in recent quarters due to tough comparisons and cost inflation. We expect approximately 4.0% annual earnings-per-share growth over the next five years, mostly thanks to Blue Buffalo. Earnings per-share will also benefit from a decent amount of share repurchases, as the proceeds from the sale of North American yogurt business will be allocated on share repurchases. Buybacks had paused due to the high debt load caused by the acquisition of Blue Buffalo but they have resumed in recent years.

GIS currently yields 5.6%.

Enterprise Products Partners LP (EPD)

Enterprise Products Partners was founded in 1968. It is structured as a Master Limited Partnership, or MLP, and operates as an oil and gas storage and transportation company. Enterprise Products has a tremendous asset base which consists of nearly 50,000 miles of natural gas, natural gas liquids, crude oil, and refined products pipelines. It also has storage capacity of more than 250 million barrels. These assets collect fees based on materials transported and stored.

On October 30, 2025, Enterprise Products Partners L.P. reported third-quarter 2025 results showing earnings per common unit of $0.61, missing the analyst consensus of approximately $0.68. Revenue for the quarter declined by about 12.7% year-over-year to $12.02 billion, but still slightly exceeded expectations around $11.83 billion.

Management cited headwinds from lower NGL and commodity service volumes, softer offshore export activity and modest mark-to-market hedging impacts, which weighed on net income despite stable downstream processing margins and strong midstream flows.

Enterprise Products has tremendous competitive advantages, primarily its vast network of assets. It would be enormously costly to build out a network of pipelines and terminals large enough to compete with Enterprise Products.

In terms of safety, Enterprise Products Partners is one of the strongest midstream MLPs. It has credit ratings of BBB+ from Standard & Poor’s and Baa1 from Moody’s, which are higher ratings than most MLPs. It also has a conservative distribution coverage ratio, leaving room for distribution increases and unit repurchases. Enterprise Products’ high quality assets generate strong cash flow, even in recessions. As a result, Enterprise Products has been able to raise its distribution to unitholders for 28 years in a row.