Waddell & Reed Financial, Brinker International, and Provident Financial Services are three of the best paying dividend stocks for creating diversified portfolio income. Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. If you’re a long term investor, these high-performing top dividend stocks can boost your monthly portfolio income.
Waddell & Reed Financial, Inc. (NYSE:WDR)
Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. Established in 1937, and now led by CEO Philip Sanders, the company employs 1,430 people and has a market cap of USD $1.70B, putting it in the small-cap stocks category.
WDR has a sumptuous dividend yield of 5.06% and has a payout ratio of 96.42% . The company’s DPS has increased from US$0.76 to US$1.00 over the last 10 years. The company has been a reliable payer too, not missing a payment during this time. Over the next year, analysts are estimating a double digit EPS growth of 30.53%. Interested in Waddell & Reed Financial? Find out more here.
Brinker International, Inc. (NYSE:EAT)
Brinker International, Inc., together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. Founded in 1975, and currently run by Wyman Roberts, the company size now stands at 57,906 people and has a market cap of USD $1.71B, putting it in the small-cap stocks category.
EAT has a great dividend yield of 4.39% and is distributing 54.09% of earnings as dividends . EAT’s dividends have increased in the last 10 years, with DPS increasing from US$0.44 to US$1.52. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. The company’s future earnings growth looks promising, with analysts expecting earnings growth over the next three years to reach 56.27%. More detail on Brinker International here.
Provident Financial Services, Inc. (NYSE:PFS)
Provident Financial Services, Inc. operates as the holding company for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. Founded in 1839, and now led by CEO Christopher Martin, the company size now stands at 1,006 people and with the stock’s market cap sitting at USD $1.71B, it comes under the small-cap stocks category.
PFS has a good dividend yield of 3.12% and pays out 53.46% of its profit as dividends . The company’s DPS has increased from US$0.44 to US$0.80 over the last 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. More detail on Provident Financial Services 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.