Owens & Minor is one of companies that can help grow your investment income by paying large dividends. These stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. If you’re a buy and hold investor, these healthy dividend stocks can generously contribute to your monthly portfolio income.
Owens & Minor, Inc. (NYSE:OMI)
Owens & Minor, Inc., together with its subsidiaries, operates as a healthcare services company in the United States, the United Kingdom, Ireland, France, Germany, and other European countries. Established in 1882, and now run by Paul Phipps, the company now has 8,600 employees and with the company’s market capitalisation at USD $1.08B, we can put it in the small-cap category.
OMI has a sumptuous dividend yield of 5.94% and is currently distributing 101.52% of profits to shareholders . Over the past 10 years, OMI has increased its dividends from US$0.53 to US$1.04. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. The company also looks promising for it’s future growth, with analysts expecting an earnings per share increase of 73.02% over the next three years. Interested in Owens & Minor? Find out more here.
Waddell & Reed Financial, Inc. (NYSE:WDR)
Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. Founded in 1937, and currently headed by CEO Philip Sanders, the company now has 1,430 employees and with the stock’s market cap sitting at USD $1.52B, it comes under the small-cap group.
WDR has a sumptuous dividend yield of 5.39% and is paying out 76.97% of profits as dividends . In the case of WDR, they have increased their dividend per share from US$0.76 to US$1.00 so in the past 10 years. The company has been a reliable payer too, not missing a payment during this time. Dig deeper into Waddell & Reed Financial here.
HNI Corporation (NYSE:HNI)
HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, and Taiwan. Formed in 1944, and run by CEO Stanley Askren, the company size now stands at 9,100 people and with the company’s market cap sitting at USD $1.60B, it falls under the small-cap category.
HNI has a good dividend yield of 3.21% and their current payout ratio is 56.91% . The company’s DPS has increased from US$0.86 to US$1.18 over the last 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. The company’s future earnings growth looks promising, with analysts expecting earnings growth over the next three years to reach 58.85%. Interested in HNI? Find out more 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.