The average dividend yield in the S&P 500 Index remains low at around 1.3%. As a result, many stocks have lower dividend yields than they did several years ago, due to rising share prices.
However, there are still quality dividend stocks with high dividend yields.
Importantly, the best high dividend stocks can maintain their dividends over time, even during recessions.
These 3 dividend stocks have yields above 5%, and have secure dividend payouts.
Bristol-Myers Squibb Co (NYSE:BMY)
Bristol-Myers Squibb is a leading drug maker of cardiovascular and anti-cancer therapeutics with annual revenues of about $46 billion.
On July 31st , 2025, Bristol-Myers announced second quarter results for the period ending June 30th , 2025. For the quarter, revenue inched higher by 0.6% to $12.3 billion, which was $890 million more than expected. Adjusted earnings-per-share of $1.46 compared unfavorably to $2.07 in the prior year and was $0.36 below estimates. That said, EPS had favorable impact of $0.57per share related to an in-process research and development charge related to the company’s partnership with BioNTech.
Eliquis, which prevents blood clots, grew 8% to $3.7 billion as U.S. growth was partially offset by changes in Medicare Part D related to legislation to lower drug prices. Eliquis remains the top oral anticoagulant outside of the U.S. and generated more than $13 billion in revenue for 2024, which was a 9% increase from the prior year. Camzyos, which helps prevent the heart muscles from thickening, surged 87% to $260 million due to higher demand throughout markets, particularly in the U.S.
Opdivo, which treats cancers such as advanced renal carcinoma, was higher by 7% to $2.6 billion due once again to global volume growth. Reblozyl, which is used to treat anemia in adults with certain blood disorders, increased 34% to $568 million due to new launches and higher demand. Revenue for Orencia, which treats rheumatoid arthritis, was up 2% to $963 million.
Future growth will be led by the company’s pipeline of new drugs. For example, Cobenfy, the company’s treatment for schizophrenia, contributed $35 million to second-quarter results. This product was approved on September 26th, 2024 and was launched in the U.S. during Q4 2024. Peak sales could reach upwards of $5 billion or more by 2030. Other planned registrational studies include Alzheimer’s, Autism, and bipolar disorder.
With a dividend payout ratio below 40% for 2025, the dividend appears highly secure. BMY currently yields 5.1%.
Franklin Resources Inc (NYSE:BEN)
Franklin Resources, founded in 1947 and headquartered in San Mateo, CA, is a global asset manager with a long and successful history. The company offers investment management (which makes up the bulk of fees the company collects) and related services to its customers, including sales, distribution, and shareholder servicing. As of June 30th , 2025, assets under management (AUM) totaled $1.612 trillion.
On August 1st, 2025, Franklin Resources reported third-quarter 2025 results for the period ending June 30, 2025. Total assets under management equaled $1.612 trillion, up $71 billion sequentially, as a result of $78 billion of net market change, distributions, and other, and $2.7 billion of cash management net inflows, partly offset by $9.3 billion of long-term net outflows. For the quarter, operating revenue totaled $2.064 billion, down 3% year-over-year.
On an adjusted basis, net income equaled $263 million or $0.49 per share, down 18% from $0.60 in Q3 2024. During Q3, Franklin repurchased 7.3 million shares of stock for $157 million. Franklin ended the quarter with $5.9 billion in cash and investments.
Franklin Resources has been acquiring alternative AUM through purchases such as Legg Mason, Lexington Partners, and Alcentra. It also closed its acquisition of Putnam Investments on January 1, 2024, which added $148 billion of assets to the company that has since grown approximately 20%. There are opportunities available in the way of synergies and complementary product offerings.
The dividend payout ratio has never been especially high, which has allowed the company to retire a meaningful number of shares and pay the occasional special dividend. BEN has increased its dividend for 45 consecutive years, and the dividend is still well-covered. BEN stock currently yields 5.2%.
Enterprise Products Partners LP (NYSE: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 July 28, 2025, Enterprise Products Partners L.P. reported its financial results for the second quarter of 2025. Enterprise Products Partners LP (EPD) reported strong financial results for Q2 2025, with adjusted EBITDA at $2.4 billion and distributable cash flow at $1.9 billion, up 7% from the prior year, achieving a coverage ratio of 1.6 times. Net income attributable to common unitholders was $1.4 billion, consistent with Q2 2024, while net income per common unit increased 3% to $0.66 from $0.64. Adjusted cash flow from operations remained at $2.1 billion, and the company declared a distribution of $0.545 per common unit, a 3.8% increase year-over-year. EPD repurchased 3.6 million common units for $110 million and invested $1.3 billion in capital, including $1.2 billion for growth projects.
Operationally, EPD set five volumetric records, processing 7.8 billion cubic feet of natural gas daily and transporting over 1 million barrels per day of refined products and petrochemicals. The company advanced nearly $6 billion in organic growth projects, including two Permian gas processing plants and the operational Natus River terminal, initially loading 120,000 barrels of ethane daily, with expansion planned.
Enterprise has positive growth potential moving forward, thanks to new projects and exports. It has several billion dollars’ worth of major capital projects currently under construction. They expect all of these projects to come online in the coming years, boosting cash flows. Exports are also a key growth catalyst. Demand for liquefied petroleum gas and liquefied natural gas, or LPG and LNG respectively, is growing at a high rate across the world.
EPD has increased its distribution for 28 consecutive years and currently yields 6.9%.
