Tamawood 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. Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Today I will share with you my best paying dividend shares you should be considering for your portfolio.
Tamawood Limited (ASX:TWD)
Tamawood Limited, together with its subsidiaries, provides contract home construction, home design, project management, and other associated services in Australia and New Zealand. Tamawood is currently run by Timothy Bartholomaeus. With the stock’s market cap sitting at AUD A$105.46M, it falls under the small-cap category
TWD has a sumptuous dividend yield of 6.55% and is currently distributing 78.66% of profits to shareholders . TWD’s dividends have seen an increase over the past 10 years, with payments increasing from AU$0.20 to AU$0.27 in that time. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. Comparing Tamawood’s PE ratio against the AU Consumer Durables industry draws favorable results, with the company’s PE of 12 being below that of its industry (15.5). Continue research on Tamawood here.
Wellcom Group Limited (ASX:WLL)
Wellcom Group Limited provides advertising and marketing content production and content management services in Australia, the United Kingdom, New Zealand, Asia, and the United States. Founded in 2000, and headed by CEO Wayne Sidwell, the company now has 422 employees and with the company’s market cap sitting at AUD A$174.40M, it falls under the small-cap group.
WLL has a great dividend yield of 5.28% and their payout ratio stands at 84.54% . WLL’s DPS have risen to AU$0.23 from AU$0.12 over a 10 year period. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Interested in Wellcom Group? Find out more here.
Collection House Limited (ASX:CLH)
Collection House Limited provides debt collection and receivables management services in Australia and New Zealand. Formed in 1992, and headed by CEO Anthony Rivas, the company provides employment to 797 people and with the company’s market capitalisation at AUD A$216.07M, we can put it in the small-cap group.
CLH has a substantial dividend yield of 4.94% and pays out 60.68% of its profit as dividends . CLH’s DPS have risen to AU$0.078 from AU$0.044 over a 10 year period. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Analysts are enthusiastic about the company’s future growth, estimating a 34.03% earnings per share increase over the next 12 months. Dig deeper into Collection House 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.