ONEOK is one of companies that can help grow your investment income by paying large dividends. These stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
ONEOK, Inc. (NYSE:OKE)
ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. Started in 1906, and currently lead by Terry Spencer, the company currently employs 2,384 people and with the company’s market cap sitting at USD $20.62B, it falls under the large-cap group.
OKE has an appealing dividend yield of 5.46% and their current payout ratio is 37.62% , and analysts are expecting the payout ratio in three years to hit 139.27%. OKE has increased its dividend from $0.72 to $2.98 over the past 10 years. Much to the delight of shareholders, the company has not missed a payment during this time. ONEOK’s future earnings growth looks strong, with analysts expecting 60.3% EPS growth in the next three years.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT)
Tanger Factory Outlet Centers, Inc. (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 43 upscale outlet shopping centers and one additional center currently under construction. Founded in 1981, and currently lead by Steven Tanger, the company size now stands at 478 people and with the company’s market cap sitting at USD $2.25B, it falls under the mid-cap group.
SKT has a sumptuous dividend yield of 5.93% and pays 88.63% of it’s earnings as dividends , with analysts expecting a 141.45% payout in three years. In the last 10 years, shareholders would have been happy to see the company increase its dividend from $0.72 to $1.37. The company has been a dependable payer too, not missing a payment in this 10 year period. When we compare Tanger Factory Outlet Centers’s PE ratio with its industry, the company appears favorable. The US Equity Real Estate Investment Trusts (REITs) industry’s average ratio of 33.2 is above that of Tanger Factory Outlet Centers’s (15.3).
Compass Minerals International, Inc. (NYSE:CMP)
Compass Minerals International, Inc., produces and sells salt, and specialty plant nutrition and chemical products in the United States, Canada, Brazil, the United Kingdom, and internationally. Formed in 1993, and now run by Francis Malecha, the company now has 3,103 employees and with the company’s market capitalisation at USD $2.22B, we can put it in the mid-cap group.
CMP has a enticing dividend yield of 4.35% and pays out 67.08% of its profit as dividends , with analysts expecting the payout in three years to be 67.36%. CMP’s dividends have increased since they started paying 10 years ago, with DPS increasing from $1.28 to $2.88. The company has been a dependable payer too, not missing a payment in this 10 year period. The company has also had a strong past 12 months, reporting a double digit EPS growth of 17.1%.
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.