Top Dividend Paying Companies
RLI, Energy Transfer Equity, and Duke Energy have one big thing in common. They are on my list of the best dividend stocks which have generously contributed to my portfolio income over the past couple of months. 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.
RLI Corp. (NYSE:RLI)
RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Started in 1965, and currently headed by CEO Jonathan Michael, the company now has 889 employees and with the company’s market cap sitting at USD $2.83B, it falls under the mid-cap stocks category.
RLI has a great dividend yield of 4.05% and the company has a payout ratio of 34.80% , and analysts are expecting a 118.59% payout ratio in the next three years. RLI’s last dividend payment was US$2.59, up from it’s payment 10 years ago of US$0.46. The company has been a dependable payer too, not missing a payment in this 10 year period. The company performed well against its industry over the past year. Its ROE of 12.30% outpaced the US Insurance industry (9.43%). Continue research on RLI here.
Energy Transfer Equity, L.P. (NYSE:ETE)
Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. Started in 2002, and run by CEO John McReynolds, the company now has 29,486 employees and with the market cap of USD $16.80B, it falls under the large-cap stocks category.
ETE has a enticing dividend yield of 7.85% and distributes 115.21% of its earnings to shareholders as dividends . In the case of ETE, they have increased their dividend per share from US$0.41 to US$1.22 so in the past 10 years. It should comfort existing and potential future shareholders to know that ETE hasn’t missed a payment during this time. If analysts are correct, Energy Transfer Equity has some strong future growth on the horizon with an expected increase in EPS of 97.48% over the next three years. Continue research on Energy Transfer Equity here.
Duke Energy Corporation (NYSE:DUK)
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. The company provides employment to 29060 people and with the market cap of USD $53.34B, it falls under the large-cap stocks category.
DUK has a substantial dividend yield of 4.68% and their current payout ratio is 79.86% . DUK’s dividends have seen an increase over the past 10 years, with payments increasing from US$2.64 to US$3.56 in that time. They have been consistent too, not missing a payment during this 10 year period. Continue research on Duke Energy 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.
