Insteel Industries 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. A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Today I will share with you my best paying dividend shares you should be considering for your portfolio.
Insteel Industries, Inc. (NASDAQ:IIIN)
Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. Started in 1953, and currently lead by Howard Woltz, the company currently employs 803 people and has a market cap of USD $513.35M, putting it in the small-cap category.
IIIN has a juicy dividend yield of 4.04% and distributes 10.12% of its earnings to shareholders as dividends . Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from $0.12 to $1.12 over the past 10 years. The company also looks promising for it’s future growth, with analysts expecting an impressive triple-digit earnings per share increase over the next three years.
EMC Insurance Group Inc. (NASDAQ:EMCI)
EMC Insurance Group Inc., an insurance holding company, provides property and casualty insurance, and reinsurance products in the United States. EMC Insurance Group was started in 1974 and has a market cap of USD $638.99M, putting it in the small-cap category.
EMCI has a solid dividend yield of 3.03% and pays out 51.98% of its profit as dividends , with an expected payout of 58.62% in three years. In the last 10 years, shareholders would have been happy to see the company increase its dividend from $0.48 to $0.88. They have been consistent too, not missing a payment during this 10 year period. EMC Insurance Group has been a solid performer in the last five years. Its earnings per share have grown by 11.6% each year in this period.
Innophos Holdings, Inc. (NASDAQ:IPHS)
Innophos Holdings, Inc., through its subsidiaries, produces performance-critical and nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care, and industrial end markets. Established in 2004, and now led by CEO Kim Mink, the company provides employment to 1,319 people and with the company’s market cap sitting at USD $876.10M, it falls under the small-cap category.
IPHS has a juicy dividend yield of 4.34% and their current payout ratio is 86.79% . In the last 10 years, shareholders would have been happy to see the company increase its dividend from $0.68 to $1.92. They have been dependable too, not missing a single payment in this time.
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.