Dividend-paying companies such as RLI and Navient can help grow your portfolio income through their sizeable dividend payouts. Great dividend payers create a safe bet to increase investors’ portfolio value as payouts provide steady income and cushion against market risks Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Today I will share with you my best paying dividend shares you should be considering for your portfolio.
RLI Corp. (NYSE:RLI)
RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Started in 1965, and now led by CEO Jonathan Michael, the company currently employs 889 people and with the market cap of USD $2.97B, it falls under the mid-cap category.
RLI has a nice dividend yield of 4.00% and the company has a payout ratio of 38.03% , with analysts expecting this ratio in three years to be 114.20%. RLI’s last dividend payment was US$2.63, up from it’s payment 10 years ago of US$0.50. The company has been a dependable payer too, not missing a payment in this 10 year period. Continue research on RLI here.
Navient Corporation (NASDAQ:NAVI)
Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. Started in 1973, and currently headed by CEO John Remondi, the company size now stands at 6,700 people and has a market cap of USD $3.56B, putting it in the mid-cap group.
NAVI has a enticing dividend yield of 4.69% and their payout ratio stands at 52.12% . While there’s been some level of instability in the yield, NAVI has overall increased DPS over a 10 year period from US$0 to US$0.64. If analysts are correct, Navient has some strong future growth on the horizon with an expected increase in EPS of 92.98% over the next three years. More on Navient here.
Portland General Electric Company (NYSE:POR)
Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. Started in 1930, and currently headed by CEO Maria Pope, the company provides employment to 2,906 people and with the market cap of USD $3.66B, it falls under the mid-cap stocks category.
POR has a wholesome dividend yield of 3.56% and the company currently pays out 68.07% of its profits as dividends . POR’s dividends have increased in the last 10 years, with DPS increasing from US$0.98 to US$1.45. The company has been a reliable payer too, not missing a payment during this time. Dig deeper into Portland General Electric here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.