Stocks Offering Top Dividends This Year, Boasting Generous Dividend Yields
Rewritten Article:
The stock market is in turmoil, but dividend stocks are weathering the storm surprisingly well. Here are the top three high-yielding dividend stocks that have shone brightly so far this year. Can they maintain their momentum through 2023?
Investors are bracing themselves for rough waters, with talk of recession, geopolitical tensions, and supply chain woes adding to the pressure. As the market takes a beating, it's time to focus on the golden eggs that are still laying: dividend stocks.
Even in these dire times, some dividend stocks have remarkably held their ground, even surging, giving investors reasons to smile. Our selection process focused on stocks offering a yield of over 3%, a market cap above 250 million, and at least 20% free float. Among the standout performers, the following three have proven their mettle:
BAE Systems (YTD +45% / 3.5% dividend yield)
If the military-industrial complex is the secret weapon, then BAE Systems is leading the charge. Despite the political drama unfolding in Europe, this UK-based giant is standing tall.
BAE's air defense division—a popular export item—is likely to continue thriving, with governments potentially focusing on defense spending during economic downturns.
Tenaris (YTD +62% / 3.1% dividend yield)
Oil was another sector that rode the wave of success in 2022. Pipeline and steel pipe producer Tenaris, with roots in Mexico and global operation, emerged as a clear winner.
As Tenaris is expanding its reach in energy services, we are facing a long-term dependence on oil and gas, a promising outlook for the company.
Meier Tobler (YTD +66% / 4.1% dividend yield)
Crowning our list is the lesser-known Swiss company, Meier Tobler. After a tumultuous 2018, this manufacturer of heating and climate technology has made a remarkable comeback, setting its sights on new heights.
As the world embarks on the green transition, Meier Tobler's role in energy renovation bodes well for its future prospects.
(Note: For accurate performance data of each stock in 2022, historical SEC filings/press releases would be required.)
Insights:
- BAE Systems has experienced a surge in its share price in early 2025 due to defense spending tailwinds and a forecast of £34.6B in revenue for 2027[4][5]. However, it trades at a P/E ratio of 24-25, with projected EPS growth of 10% annually through 2027[5]. Geopolitical tensions and tariff risks (59% of facilities in the US) could pose challenges[4].
- Tenaris, historically tied to oil/gas pipeline demand, would have seen its performance influenced by energy infrastructure spending and commodity prices.
- Meier Tobler, while data-scarce, is a smaller player in the heating and climate technology sector, with a focus on energy renovation, making it a promising candidate for the green transition.
- Despite the available 2025 data, BAE's three-year growth trajectory suggests it likely outperformed in 2022[4], while Tenaris would have faced oil market volatility post-Ukraine invasion. Investors should keep an eye on defense budgets and energy transition policies for 2023 and beyond.
- Despite the stock market's turbulence in 2022, particularly in finance and investing, dividend stocks have proven resilient, with companies like BAE Systems, Tenaris, and Meier Tobler showing remarkable performance.
- Among the top three high-yielding dividend stocks, BAE Systems, offering a yield of 3.5%, has seen its share price increase by 45% in 2022, despite potential geopolitical tensions and tariff risks.
- Oil pipeline producer Tenaris, yielding 3.1%, had a successful run in 2022, with a 62% increase in its share price, due to growing energy infrastructure spending and the long-term dependence on oil and gas.
- Closing our list is Meier Tobler, a Swiss company specializing in heating and climate technology, which experienced a 66% rise in its share price in 2022, making it a promising candidate for the green transition, with a focus on energy renovation.
