Principal Financial Group 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 play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. As a long term investor, I favour these great dividend-paying stocks that continues to add value to my portfolio.
Principal Financial Group, Inc. (NASDAQ:PFG)
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. Formed in 1879, and currently headed by CEO Daniel Houston, the company employs 15,378 people and with the stock’s market cap sitting at USD $18.26B, it comes under the large-cap stocks category.
PFG has a nice dividend yield of 3.25% and the company currently pays out 23.38% of its profits as dividends , and analysts are expecting a 39.43% payout ratio in the next 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$0.90 to US$2.04. The company recorded earnings growth of 75.50% in the past year, comparing favorably with the us insurance industry average of 6.15%. More on Principal Financial Group here.
DTE Energy Company (NYSE:DTE)
DTE Energy Company engages in the utility operations. Started in 1903, and currently headed by CEO Gerard Anderson, the company now has 10,200 employees and with the stock’s market cap sitting at USD $18.88B, it comes under the large-cap stocks category.
DTE has a solid dividend yield of 3.42% and is paying out 53.09% of profits as dividends , with analysts expecting a 62.64% payout in the next three years. DTE’s last dividend payment was US$3.53, up from it’s payment 10 years ago of US$2.12. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. More detail on DTE Energy here.
WEC Energy Group, Inc. (NYSE:WEC)
WEC Energy Group, Inc., through its subsidiaries, generates and distributes electric energy. Established in 1981, and currently run by Gale Klappa, the company size now stands at 8,000 people and with the market cap of USD $19.54B, it falls under the large-cap category.
WEC has a nice dividend yield of 3.42% and the company has a payout ratio of 54.54% , with analysts expecting this ratio in three years to be 67.29%. In the last 10 years, shareholders would have been happy to see the company increase its dividend from US$0.54 to US$2.08. The company has been a dependable payer too, not missing a payment in this 10 year period. The company recorded earnings growth of 28.19% in the past year, comparing favorably with the us integrated utilities industry average of -1.40%. More on WEC Energy 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.