Black Hills 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. Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. As a long term investor with a short term temperament, I highly recommend these top dividend stocks.
Black Hills Corporation (NYSE:BKH)
Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility company in the United States. Founded in 1941, and headed by CEO David Emery, the company employs 2,744 people and with the company’s market cap sitting at USD $3.12B, it falls under the mid-cap stocks category.
BKH has a wholesome dividend yield of 3.26% and has a payout ratio of 38.99% , with the expected payout in three years hitting 59.51%. BKH’s dividends have increased in the last 10 years, with DPS increasing from US$1.40 to US$1.90. The company has been a reliable payer too, not missing a payment during this time. Black Hills’s earnings per share growth of 43.47% outpaced the us integrated utilities industry’s -0.95% average growth rate over the last year. Interested in Black Hills? Find out more here.
Spire Inc. (NYSE:SR)
Spire Inc., through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas customers in the United States. Started in 1857, and currently run by Suzanne Sitherwood, the company now has 3,279 employees and with the market cap of USD $3.59B, it falls under the mid-cap stocks category.
SR has a wholesome dividend yield of 3.16% and is distributing 47.20% of earnings as dividends , with analysts expecting this ratio to be 64.10% in the next three years. In the last 10 years, shareholders would have been happy to see the company increase its dividend from US$1.50 to US$2.25. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. The company recorded earnings growth of 48.76% in the past year, comparing favorably with the us gas utilities industry average of 28.56%. More detail on Spire here.
Cardinal Health, Inc. (NYSE:CAH)
Cardinal Health, Inc. operates as an integrated healthcare services and products company worldwide. Founded in 1979, and now led by CEO Michael Kaufmann, the company now has 50,000 employees and with the company’s market cap sitting at USD $17.18B, it falls under the large-cap category.
CAH has a solid dividend yield of 3.45% and the company has a payout ratio of 34.24% . In the case of CAH, they have increased their dividend per share from US$0.56 to US$1.91 so in the past 10 years. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. Cardinal Health’s earnings per share growth of 26.00% outpaced the us healthcare industry’s 8.76% average growth rate over the last year. Interested in Cardinal Health? 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.