Exxon Mobil is one of the ten dividend stocks that can help raise your investment income by paying sizeable dividends. These stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
Exxon Mobil Corporation (NYSE:XOM)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. Founded in 1870, and run by CEO Darren Woods, the company employs 71,100 people and with the company’s market capitalisation at USD $339.99B, we can put it in the large-cap group.
XOM has a wholesome dividend yield of 3.82% and is distributing 98.90% of earnings as dividends . The company’s dividends per share have risen from $1.4 to $3.08 over the last 10 years. The company has been a dependable payer too, not missing a payment in this 10 year period. Over the next three years, analysts predict double digit earnings growth for Exxon Mobil of 56.8%.
AT&T Inc. (NYSE:T)
AT&T Inc. provides telecommunications and digital entertainment services. Started in 1983, and run by CEO Randall Stephenson, the company provides employment to 256,800 people and with the company’s market capitalisation at USD $211.86B, we can put it in the large-cap group.
T has a large dividend yield of 5.66% and their payout ratio stands at 94.00% . T’s dividends have seen an increase over the past 10 years, with payments increasing from $1.42 to $1.96 in that time. Much to the delight of shareholders, the company has not missed a payment during this time.
PacWest Bancorp (NASDAQ:PACW)
PacWest Bancorp operates as the holding company for Pacific Western Bank, a state chartered bank that provides commercial banking products and services. Founded in 1999, and headed by CEO Matthew Wagner, the company now has 1,669 employees and with the market cap of USD $5.76B, it falls under the mid-cap group.
PACW has a juicy dividend yield of 4.38% and has a payout ratio of 67.55% . Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from $1.28 to $2 over the past 10 years.
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our 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.