Dividend-paying companies such as Portland General Electric and Navient can diversify your portfolio cash flow by paying constant and 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 a key role in compounding returns over time and can form a large part of our portfolio return. Today I will share with you my best paying dividend shares you should be considering for your portfolio.
Portland General Electric Company (NYSE:POR)
Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. Formed in 1930, and run by CEO Maria Pope, the company now has 2,906 employees and with the stock’s market cap sitting at USD $3.51B, it comes under the mid-cap group.
POR has a nice dividend yield of 3.46% and their current payout ratio is 63.82% . POR has increased its dividend from US$0.94 to US$1.36 over the past 10 years. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. More detail on Portland General Electric here.
Navient Corporation (NASDAQ:NAVI)
Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. Established in 1973, and currently headed by CEO John Remondi, the company now has 6,700 employees and with the market cap of USD $3.55B, it falls under the mid-cap category.
NAVI has a great dividend yield of 4.75% and the company currently pays out 60.27% of its profits as dividends . Despite some volatility in the yield, DPS has risen in the last 10 years from US$0 to US$0.64. Over the next 12 months, analysts are predicting double digit earnings growth of 85.30%. Interested in Navient? Find out more here.
United Bankshares, Inc. (NASDAQ:UBSI)
United Bankshares, Inc., a financial holding company, primarily provides commercial and retail banking products and services in the United States. Started in 1982, and now run by Richard Adams, the company now has 2,381 employees and with the company’s market cap sitting at USD $3.93B, it falls under the mid-cap category.
UBSI has a decent dividend yield of 3.66% and their current payout ratio is 86.26% . UBSI’s last dividend payment was US$1.36, up from it’s payment 10 years ago of US$1.16. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. Analysts are enthusiastic about the company’s future growth, estimating a 61.10% earnings per share increase over the next 12 months. Dig deeper into United Bankshares here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers. Or create your own list by filtering companies based on fundamentals such as intrinsic discount, health score and future outlook using this free stock screener.
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.