Xerox is one of the ten dividend stocks that can help raise your investment income by paying sizeable dividends. These stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
Xerox Corporation (NYSE:XRX)
Xerox Corporation provides document management solutions worldwide. Formed in 1906, and now led by CEO Jeffrey Jacobson, the company now has 36,100 employees and with the market cap of USD $7.19B, it falls under the mid-cap stocks category.
XRX has a good-sized dividend yield of 3.53% and the company has a payout ratio of 48.97% . XRX’s dividends have seen an increase over the past 10 years, with payments increasing from $0.68 to $1 in that time. To the enjoyment of shareholders, the company hasn’t missed a payment during this period.
OGE Energy Corp. (NYSE:OGE)
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. Established in 1995, and currently run by R. Trauschke, the company provides employment to 2,453 people and with the company’s market cap sitting at USD $7.08B, it falls under the mid-cap group.
OGE has a nice dividend yield of 3.44% and has a payout ratio of 63.24% , with analysts expecting this ratio in three years to be 69.61%. OGE’s dividends have seen an increase over the past 10 years, with payments increasing from $0.68 to $1.33 in that time. It should comfort existing and potential future shareholders to know that OGE hasn’t missed a payment during this time.
Nordstrom, Inc. (NYSE:JWN)
Nordstrom, Inc., a fashion specialty retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. Started in 1901, and currently run by , the company provides employment to 78,000 people and with the stock’s market cap sitting at USD $6.66B, it comes under the mid-cap stocks category.
JWN has a decent dividend yield of 3.62% and pays out 51.13% of its profit as dividends , with analysts expecting a 56.13% payout in the next three years. Over the past 10 years, JWN has increased its dividends from $0.54 to $1.48. It should comfort existing and potential future shareholders to know that JWN hasn’t missed a payment during 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.