SpartanNash is one of companies on my list of top dividend stocks. Dividend stocks are a safe bet to increase your portfolio value 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. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
SpartanNash Company (NASDAQ:SPTN)
SpartanNash Company distributes and retails grocery products. Established in 1917, and currently lead by David Staples, the company employs 11,950 people and with the company’s market cap sitting at USD $656.91M, it falls under the small-cap group.
SPTN has a juicy dividend yield of 4.08% and is paying out -46.94% of profits as dividends , and analysts are expecting a 34.30% payout ratio in the next three years. SPTN’s last dividend payment was US$0.72, up from it’s payment 10 years ago of US$0.20. They have been dependable too, not missing a single payment in this time. More on SpartanNash here.
Pentair plc (NYSE:PNR)
Pentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. Established in 1966, and currently headed by CEO , the company provides employment to 18,400 people and has a market cap of USD $12.00B, putting it in the large-cap stocks category.
PNR has a good dividend yield of 3.12% and pays 49.79% of its earnings as dividends , and analysts are expecting the payout ratio in three years to hit 58.25%. PNR’s last dividend payment was US$1.40, up from it’s payment 10 years ago of US$0.68. Much to the delight of shareholders, the company has not missed a payment during this time. In the last 12 months, Pentair has experienced an earnings growth of 14.70%. Continue research on Pentair here.
Ventas, Inc. (NYSE:VTR)
Ventas, Inc., an S&P 500 company, is a leading real estate investment trust. Formed in 1983, and now run by Debra Cafaro, the company provides employment to 493 people and has a market cap of USD $18.45B, putting it in the large-cap group.
VTR has a large dividend yield of 6.03% and is currently distributing 90.01% of profits to shareholders , with the expected payout in three years being 172.75%. VTR’s DPS have risen to US$3.16 from US$2.05 over a 10 year period. They have been consistent too, not missing a payment during this 10 year period. The company recorded earnings growth of 77.02% in the past year, comparing favorably with the us reits industry average of 12.71%. Interested in Ventas? Find out more 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.