Tupperware Brands, Mercury General, and Federated Investors are three of the best paying dividend stocks for creating diversified portfolio income. Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Here are other similar dividend stocks that could be valuable additions to your current holdings.
Tupperware Brands Corporation (NYSE:TUP)
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. Established in 1996, and now run by E. Goings, the company provides employment to 12,000 people and with the company’s market capitalisation at USD $2.58B, we can put it in the mid-cap group.
TUP has a enticing dividend yield of 5.62% and the company currently pays out -52.08% of its profits as dividends , with analysts expecting this ratio in three years to be 53.91%. In the case of TUP, they have increased their dividend per share from US$0.88 to US$2.72 so in the past 10 years. Much to the delight of shareholders, the company has not missed a payment during this time. Analysts are expecting strong shareholder returns over the next three years, estimating TUP’s ROE in three years to be 67.81%. More on Tupperware Brands here.
Mercury General Corporation (NYSE:MCY)
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. Established in 1960, and headed by CEO Gabriel Tirador, the company employs 4,300 people and has a market cap of USD $2.59B, putting it in the mid-cap stocks category.
MCY has an appealing dividend yield of 5.36% and their current payout ratio is 95.17% . MCY has increased its dividend from US$2.32 to US$2.50 over the past 10 years. The company has been a dependable payer too, not missing a payment in this 10 year period. Mercury General’s earnings growth over the past 12 months has exceeded the us insurance industry, with the company reporting an EPS growth of 98.34% while the industry totaled 9.67%. Dig deeper into Mercury General here.
Federated Investors, Inc. (NYSE:FII)
Federated Investors, Inc. is a publicly owned asset management holding company. Started in 1955, and currently run by John Donahue, the company employs 1,441 people and has a market cap of USD $3.44B, putting it in the mid-cap group.
FII has a sizeable dividend yield of 3.02% and distributes 34.80% of its earnings to shareholders as dividends , with analysts expecting the payout in three years to be 47.61%. The company’s DPS has increased from US$0.84 to US$1.00 over the last 10 years. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. Federated Investors’s earnings growth over the past 12 months has exceeded the us capital markets industry, with the company reporting an EPS growth of 39.07% while the industry totaled 15.28%. More detail on Federated Investors here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers. Or create your own list by filtering companies based on fundamentals such as intrinsic discount, health score and future outlook using this free stock screener.
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.