Unitil 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 can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. As a long term investor with a short term temperament, I highly recommend these top dividend stocks.
Unitil Corporation (NYSE:UTL)
Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. Established in 1984, and headed by CEO Thomas Meissner, the company size now stands at 510 people and with the company’s market capitalisation at USD $686.90M, we can put it in the small-cap category.
UTL has a decent dividend yield of 3.02% and pays 70.26% of its earnings as dividends . UTL’s dividends have increased in the last 10 years, with DPS increasing from US$1.38 to US$1.46. The company has been a reliable payer too, not missing a payment during this time. Interested in Unitil? Find out more here.
Speedway Motorsports, Inc. (NYSE:TRK)
Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. Founded in 1959, and currently lead by Marcus Smith, the company currently employs 866 people and with the market cap of USD $730.62M, it falls under the small-cap category.
TRK has a decent dividend yield of 3.40% and their payout ratio stands at 16.60% , with an expected payout of 46.57% in three years. In the case of TRK, they have increased their dividend per share from US$0.34 to US$0.60 so in the past 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. The company recorded earnings growth of 274.88% in the past year, comparing favorably with the us hospitality industry average of 14.79%. Continue research on Speedway Motorsports here.
Universal Health Realty Income Trust (NYSE:UHT)
Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human service related facilities including acute care hospitals, rehabilitation hospitals, sub-acute care facilities, medical/office buildings, free-standing emergency departments and childcare centers. Universal Health Realty Income Trust was established in 1986 and with the company’s market capitalisation at USD $814.51M, we can put it in the small-cap stocks category.
UHT has a sumptuous dividend yield of 4.41% and is distributing 78.85% of earnings as dividends . UHT’s dividends have seen an increase over the past 10 years, with payments increasing from US$2.32 to US$2.66 in that time. The company has been a dependable payer too, not missing a payment in this 10 year period. The company recorded earnings growth of 165.00% in the past year, comparing favorably with the us reits industry average of 5.17%. Continue research on Universal Health Realty Income Trust 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.