You Should Diversify With These Dividend Stocks
One of the best paying dividend stock on our list is J. M. Smucker. Dividend stocks are a great way to hedge your portfolio 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. If you’re a buy and hold investor, these healthy dividend stocks can generously contribute to your monthly portfolio income.
The J. M. Smucker Company (NYSE:SJM)
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. Formed in 1897, and headed by CEO Mark Smucker, the company provides employment to 7,140 people and has a market cap of USD $11.78B, putting it in the large-cap stocks category.
SJM has a good-sized dividend yield of 3.06% and is distributing 63.62% of earnings as dividends . Over the past 10 years, SJM has increased its dividends from $1.2 to $3.12. The company has been a reliable payer too, not missing a payment during this time. The company also looks promising for it’s future growth, with analysts expecting an earnings per share increase of 53% over the next three years.
Greif, Inc. (NYSE:GEF)
Greif, Inc. produces and sells industrial packaging products. Established in 1877, and run by CEO Peter Watson, the company now has 12,370 employees and with the market cap of USD $2.88B, it falls under the mid-cap category.
GEF has a decent dividend yield of 3.03% and the company has a payout ratio of 85.64% . Over the past 10 years, GEF has increased its dividends from $1.12 to $1.68. Much to the delight of shareholders, the company has not missed a payment during this time. Analysts are optimistic about GEF’s near future, with expectations of an impressive triple digit earnings growth over the next three years.
Meredith Corporation (NYSE:MDP)
Meredith Corporation operates as a diversified media company in the United States. Formed in 1902, and currently run by Stephen Lacy, the company size now stands at 3,560 people and with the market cap of USD $2.35B, it falls under the mid-cap category.
MDP has a good-sized dividend yield of 3.92% and is distributing 48.73% of earnings as dividends , with the expected payout in three years hitting 60.80%. The company’s DPS have increased from $0.74 to $2.08 over the last 10 years. The company has been a reliable payer too, not missing a payment during this time. The company outperformed the US Media industry’s earnings growth of 0.07397%, reporting an EPS growth of % over the past 12 months.
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.
