One of the best paying dividend stock on our list is Portland General Electric. Dividend stocks are a great way to hedge your portfolio as they provide both steady income and cushion against market risks Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
Portland General Electric Company (NYSE:POR)
Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. Established in 1930, and now run by Maria Pope, the company provides employment to 2,906 people and with the stock’s market cap sitting at USD $3.51B, it comes under the mid-cap stocks category.
POR has a nice dividend yield of 3.38% and the company currently pays out 63.82% of its profits as dividends . In the last 10 years, shareholders would have been happy to see the company increase its dividend from US$0.94 to US$1.36. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. Continue research on Portland General Electric here.
Navient Corporation (NASDAQ:NAVI)
Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. Formed in 1973, and run by CEO John Remondi, the company currently employs 6,700 people and with the company’s market cap sitting at USD $3.52B, it falls under the mid-cap group.
NAVI has a sumptuous dividend yield of 4.82% and pays 60.27% of it’s earnings as dividends . Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from US$0 to US$0.64 over the past 10 years. Analyst estimates for Navient’s future earnings are certainly promising, predicting a triple digit earnings growth over the next three years. Continue research on Navient here.
United Bankshares, Inc. (NASDAQ:UBSI)
United Bankshares, Inc., a financial holding company, primarily provides commercial and retail banking products and services in the United States. Started in 1982, and now run by Richard Adams, the company employs 2,381 people and with the market cap of USD $3.69B, it falls under the mid-cap stocks category.
UBSI has a good-sized dividend yield of 3.94% and the company has a payout ratio of 86.26% . UBSI’s DPS have risen to US$1.36 from US$1.16 over a 10 year period. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. Over the next year, analysts are estimating a double digit EPS growth of 60.32%. More on United Bankshares 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.