Southside Bancshares, Safety Insurance Group, and Schweitzer-Mauduit International are three of the best paying dividend stocks for creating diversified portfolio income. A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Here are other similar dividend stocks that could be valuable additions to your current holdings.
Southside Bancshares, Inc. (NASDAQ:SBSI)
Southside Bancshares, Inc. operates as a bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Established in 1960, and currently lead by Lee Gibson, the company employs 679 people and with the company’s market cap sitting at USD $1.20B, it falls under the small-cap category.
SBSI has a decent dividend yield of 3.31% and is distributing 54.23% of earnings as dividends . Despite some volatility in the yield, DPS has risen in the last 10 years from $0.3207 to $1.14.
Safety Insurance Group, Inc. (NASDAQ:SAFT)
Safety Insurance Group, Inc. provides private passenger and commercial automobile insurance in Massachusetts, New Hampshire, and Maine. Founded in 1979, and now run by George Murphy, the company now has 643 employees and with the company’s market cap sitting at USD $1.22B, it falls under the small-cap stocks category.
SAFT has a good dividend yield of 4.00% and pays out 69.43% of its profit as dividends . SAFT has increased its dividend from $1.6 to $3.2 over the past 10 years. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. The company has not experienced any significant earnings growth decline in the last five years, sustaining positive EPS growth during this period.
Schweitzer-Mauduit International, Inc. (NYSE:SWM)
Schweitzer-Mauduit International, Inc., together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. Established in 1995, and headed by CEO Jeffrey Kramer, the company currently employs 3,000 people and with the stock’s market cap sitting at USD $1.36B, it comes under the small-cap group.
SWM has a solid dividend yield of 3.88% and is paying out 65.35% of profits as dividends . In the last 10 years, shareholders would have been happy to see the company increase its dividend from $0.3 to $1.72. To the enjoyment of shareholders, the company hasn’t missed a payment during this period.
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.