CNA Financial 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. If you’re a long term investor, these high-performing top dividend stocks can boost your monthly portfolio income.
CNA Financial Corporation (NYSE:CNA)
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. Formed in 1853, and now led by CEO Dino Robusto, the company now has 6,300 employees and with the market cap of USD $14.54B, it falls under the large-cap group.
CNA has an appealing dividend yield of 5.97% and the company currently pays out 33.17% of its profits as dividends , with an expected payout of 79.22% in three years. Although there has been some volatility in the company’s dividend yield, the DPS over a 10 year period has increased from US$0.60 to US$3.20. Continue research on CNA Financial here.
Magellan Midstream Partners, L.P. (NYSE:MMP)
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. Founded in 2000, and currently headed by CEO Michael Mears, the company currently employs 1,747 people and with the stock’s market cap sitting at USD $15.20B, it comes under the large-cap group.
MMP has a great dividend yield of 5.52% and has a payout ratio of 94.14% . MMP’s dividends have seen an increase over the past 10 years, with payments increasing from US$1.32 to US$3.68 in that time. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. More detail on Magellan Midstream Partners here.
Omnicom Group Inc. (NYSE:OMC)
Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services. Founded in 1944, and currently run by John Wren, the company currently employs 77,300 people and with the company’s market capitalisation at USD $18.13B, we can put it in the large-cap category.
OMC has a good-sized dividend yield of 3.05% and their current payout ratio is 48.09% . OMC’s DPS have risen to US$2.40 from US$0.60 over a 10 year period. It should comfort existing and potential future shareholders to know that OMC hasn’t missed a payment during this time. More detail on Omnicom Group here.
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.