One of the best paying dividend stock on our list is Black Hills. 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. Today I will share with you my best paying dividend shares you should be considering for your portfolio.
Black Hills Corporation (NYSE:BKH)
Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility company in the United States. Founded in 1941, and now led by CEO David Emery, the company employs 2,834 people and with the company’s market cap sitting at USD $2.77B, it falls under the mid-cap stocks category.
BKH has a good dividend yield of 3.75% and has a payout ratio of 47.88% , with analysts expecting the payout ratio in three years to be 59.34%. BKH has increased its dividend from $1.4 to $1.9 over the past 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. The company recorded earnings growth of 175.59% in the past year, comparing favorably with the us integrated utilities industry average of -1.95%. Interested in Black Hills? Find out more here.
Glacier Bancorp, Inc. (NASDAQ:GBCI)
Glacier Bancorp, Inc. operates as the holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. Founded in 2004, and currently run by Randall Chesler, the company size now stands at 2,278 people and with the company’s market capitalisation at USD $3.00B, we can put it in the mid-cap category.
GBCI has a nice dividend yield of 3.06% and pays out 55.97% of its profit as dividends . GBCI’s DPS have risen to $1.14 from $0.52 over a 10 year period. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. Analysts are optimistic on the company’s earnings in the next 12 months, estimating a 46.58% increase in EPS. Interested in Glacier Bancorp? Find out more here.
Spire Inc. (NYSE:SR)
Spire Inc., through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas customers in the United States. Started in 1857, and currently headed by CEO Suzanne Sitherwood, the company provides employment to 3,279 people and has a market cap of USD $3.04B, putting it in the mid-cap stocks category.
SR has a sizeable dividend yield of 3.54% and distributes 43.85% of its earnings to shareholders as dividends , with the expected payout in three years hitting 61.62%. SR has increased its dividend from $1.5 to $2.25 over the past 10 years. It should comfort existing and potential future shareholders to know that SR hasn’t missed a payment during this time. Spire’s performance over the last 12 months beat the us gas utilities industry, with the company reporting 63.20% EPS growth compared to its industry’s figure of 3.15%. Dig deeper into Spire here.
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.