Emerson Electric 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 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.
Emerson Electric Co. (NYSE:EMR)
Emerson Electric Co. designs and manufactures products, and delivers services to industrial, commercial, and consumer markets worldwide. Founded in 1890, and currently headed by CEO David Farr, the company now has 103,500 employees and with the stock’s market cap sitting at USD $41.01B, it comes under the large-cap group.
EMR has a solid dividend yield of 3.02% and is distributing 75.70% of earnings as dividends . EMR’s last dividend payment was $1.92, up from it’s payment 10 years ago of $1.05. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend.
Paychex, Inc. (NASDAQ:PAYX)
Paychex, Inc. provides payroll, human resource (HR), retirement, and insurance services for small to medium-sized businesses in the United States and Germany. Started in 1979, and now run by Martin Mucci, the company currently employs 13,700 people and with the company’s market capitalisation at USD $23.05B, we can put it in the large-cap stocks category.
PAYX has a decent dividend yield of 3.10% and is paying out 81.60% of profits as dividends . In the last 10 years, shareholders would have been happy to see the company increase its dividend from $1.2 to $2. Much to the delight of shareholders, the company has not missed a payment during this time.
Archer-Daniels-Midland Company (NYSE:ADM)
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. Formed in 1898, and currently lead by Juan Luciano, the company size now stands at 31,800 people and with the stock’s market cap sitting at USD $22.72B, it comes under the large-cap category.
ADM has a solid dividend yield of 3.14% and their current payout ratio is 58.65% . ADM has increased its dividend from $0.46 to $1.28 over the past 10 years. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend.
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.