NYSE Favorite Dividend Stocks
Star Group is one of our top dividend-paying companies that can help boost the investment income in your portfolio. These stocks are a safe way to create wealth as their stable and constant yields generally hedge against economic uncertainty and deliver downside protection. Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. If you’re a long term investor, these high-performing top dividend stocks can boost your monthly portfolio income.
Star Group, L.P. (NYSE:SGU)
Star Group, L.P. operates as a home heating oil and propane distributor and services provider in the United States. Established in 1995, and currently run by Steven Goldman, the company employs 3,362 people and with the market cap of USD $549.77M, it falls under the small-cap stocks category.
SGU has a juicy dividend yield of 4.85% and pays out 69.52% of its profit as dividends . In the case of SGU, they have increased their dividend per share from US$0.27 to US$0.47 so in the past 10 years. They have been consistent too, not missing a payment during this 10 year period. The company also looks promising for it’s future growth, with analysts expecting an impressive doubling of earnings per share over the next year. Dig deeper into Star Group here.
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. The company was established in 1974 and with the stock’s market cap sitting at USD $563.61M, it comes under the small-cap stocks category.
EMCI has a nice dividend yield of 3.37% and distributes 46.20% of its earnings to shareholders as dividends , with the expected payout in three years being 66.43%. EMCI’s dividends have increased in the last 10 years, with DPS increasing from US$0.48 to US$0.88. They have been consistent too, not missing a payment during this 10 year period. The company has a lower PE ratio than the US Insurance industry, which interested investors would be happy to see. The company’s PE is currently 14.2 while the industry is sitting higher at 15.7. More on EMC Insurance Group here.
Maiden Holdings, Ltd. (NASDAQ:MHLD)
Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. Founded in 2007, and run by CEO Arturo Raschbaum, the company size now stands at 219 people and with the company’s market cap sitting at USD $652.71M, it falls under the small-cap stocks category.
MHLD has a juicy dividend yield of 7.62% and is currently distributing -25.82% of profits to shareholders , with analysts expecting this ratio to be 59.14% in the next three years. MHLD’s dividends have increased in the last 10 years, with DPS increasing from US$0.10 to US$0.60. The company has been a dependable payer too, not missing a payment in this 10 year period. Over the past year, MHLD’s return on equity (-13.77%) surpassed the US Insurance industry average of 9.32%. More detail on Maiden Holdings 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.