LTC Properties is one of the top dividend stocks I think are worth considering today. Dividend stocks are a great way to hedge your portfolio 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. If you’re a long term investor, these high-performing top dividend stocks can boost your monthly portfolio income.
LTC Properties, Inc. (NYSE:LTC)
LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. Established in 1992, and currently run by Wendy Simpson, the company now has 20 employees and with the company’s market cap sitting at USD $1.47B, it falls under the small-cap group.
LTC has a sumptuous dividend yield of 6.13% and is currently distributing 103.31% of profits to shareholders . LTC’s last dividend payment was US$2.28, up from it’s payment 10 years ago of US$1.56. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. The company has a lower PE ratio than the US REITs industry, which interested investors would be happy to see. The company’s PE is currently 16.9 while the industry is sitting higher at 20.6. More on LTC Properties here.
NorthWestern Corporation (NYSE:NWE)
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. Established in 1923, and now run by Robert Rowe, the company size now stands at 1,557 people and has a market cap of USD $2.75B, putting it in the mid-cap category.
NWE has a nice dividend yield of 3.96% and pays out 63.01% of its profit as dividends , and analysts are expecting the payout ratio in three years to hit 66.12%. NWE’s last dividend payment was US$2.20, up from it’s payment 10 years ago of US$1.32. It should comfort existing and potential future shareholders to know that NWE hasn’t missed a payment during this time. Interested in NorthWestern? Find out more here.
Host Hotels & Resorts, Inc. (NYSE:HST)
Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. Founded in 1927, and currently headed by CEO James Risoleo, the company employs 205 people and has a market cap of USD $14.87B, putting it in the large-cap group.
HST has a great dividend yield of 4.28% and their current payout ratio is 89.70% , with analysts expecting this ratio in three years to be 92.31%. While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. The company has a good track record, averaging double digit earnings growth over the last 5 years (33.59%). Dig deeper into Host Hotels & Resorts 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.