Dividend-paying companies such as MDU Resources Group and Target can help grow your portfolio income through their sizeable dividend payouts. Great dividend payers create a safe bet to increase investors’ portfolio value as payouts provide 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.
MDU Resources Group, Inc. (NYSE:MDU)
MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. Started in 1924, and run by CEO David Goodin, the company provides employment to 10,140 people and with the market cap of USD $5.18B, it falls under the mid-cap group.
MDU has a nice dividend yield of 3.01% and their payout ratio stands at 53.26% . The company’s DPS has increased from US$0.58 to US$0.79 over the last 10 years. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. MDU Resources Group’s performance over the last 12 months beat the us integrated utilities industry, with the company reporting 22.29% EPS growth compared to its industry’s figure of -1.40%. Continue research on MDU Resources Group here.
Target Corporation (NYSE:TGT)
Target Corporation operates as a general merchandise retailer. Founded in 1902, and currently run by Brian Cornell, the company now has 323,000 employees and with the stock’s market cap sitting at USD $38.69B, it comes under the large-cap stocks category.
TGT has a wholesome dividend yield of 3.56% and is distributing 45.94% of earnings as dividends , with the expected payout in three years being 49.20%. TGT’s dividends have seen an increase over the past 10 years, with payments increasing from US$0.56 to US$2.48 in that time. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. More detail on Target here.
Kimberly-Clark Corporation (NYSE:KMB)
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. Formed in 1872, and currently headed by CEO Thomas Falk, the company currently employs 42,000 people and with the market cap of USD $39.19B, it falls under the large-cap stocks category.
KMB has a solid dividend yield of 3.57% and is distributing 60.23% of earnings as dividends . In the last 10 years, shareholders would have been happy to see the company increase its dividend from US$2.32 to US$4.00. Much to the delight of shareholders, the company has not missed a payment during this time. Interested in Kimberly-Clark? Find out more 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.