May Top Dividend Paying Stocks
Dividend stocks such as Westar Energy and Pinnacle West Capital can help diversify the constant stream of cash flows generated by your portfolio. These stocks are a safe bet to increase your portfolio value 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. Here are other similar dividend stocks that could be valuable additions to your current holdings.
Westar Energy, Inc. (NYSE:WR)
Westar Energy, Inc., an electric utility company, generates, transmits, and distributes electricity in Kansas. Formed in 1924, and currently headed by CEO Mark Ruelle, the company provides employment to 2,205 people and with the market cap of USD $7.63B, it falls under the mid-cap category.
WR has a decent dividend yield of 3.03% and is currently distributing 70.34% of profits to shareholders . WR’s dividends have increased in the last 10 years, with DPS increasing from US$1.16 to US$1.60. They have been consistent too, not missing a payment during this 10 year period. More on Westar Energy here.
Pinnacle West Capital Corporation (NYSE:PNW)
Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. Started in 1920, and run by CEO Donald Brandt, the company employs 6,292 people and with the market cap of USD $8.61B, it falls under the mid-cap category.
PNW has a solid dividend yield of 3.64% and the company has a payout ratio of 64.51% . PNW has increased its dividend from US$2.10 to US$2.78 over the past 10 years. The company has been a dependable payer too, not missing a payment in this 10 year period. Continue research on Pinnacle West Capital here.
Macy’s, Inc. (NYSE:M)
Macy’s, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. Established in 1830, and headed by CEO Jeffrey Gennette, the company size now stands at 130,000 people and with the market cap of USD $10.15B, it falls under the large-cap stocks category.
M has an appealing dividend yield of 4.46% and the company currently pays out 21.54% of its profits as dividends , with analysts expecting a 49.89% payout in three years. While the yield has dropped at times in the last 10 years, dividends per share during this time have increased overall from US$0.53 to US$1.51. The company outperformed the us multiline retail industry’s earnings growth of 17.33%, reporting an EPS growth of 176.80% over the past 12 months. More on Macy’s 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.
