Yahoo Finance Best-In-Class Dividend Stocks
SCANA 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. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
SCANA Corporation (NYSE:SCG)
SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in the United States. Started in 1924, and now led by CEO Jimmy Addison, the company employs 5,228 people and has a market cap of USD $5.16B, putting it in the mid-cap group.
SCG has a substantial dividend yield of 6.78% and distributes -289.55% of its earnings to shareholders as dividends , and analysts are expecting a 66.68% payout ratio in the next three years. SCG’s dividends have seen an increase over the past 10 years, with payments increasing from US$1.84 to US$2.45 in that time. Much to the delight of shareholders, the company has not missed a payment during this time. Interested in SCANA? Find out more here.
Sonoco Products Company (NYSE:SON)
Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. Founded in 1899, and now led by CEO Robert Tiede, the company provides employment to 21,000 people and with the company’s market capitalisation at USD $5.30B, we can put it in the mid-cap stocks category.
SON has a solid dividend yield of 3.08% and the company currently pays out 79.97% of its profits as dividends . The company’s DPS has increased from US$1.08 to US$1.64 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. Sonoco Products is a strong prospect for its future growth, with analysts expecting the company’s earnings to increase by 88.67% over the next three years. Continue research on Sonoco Products here.
Leggett & Platt, Incorporated (NYSE:LEG)
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. Founded in 1883, and currently headed by CEO Karl Glassman, the company employs 22,000 people and with the market cap of USD $5.73B, it falls under the mid-cap group.
LEG has a good-sized dividend yield of 3.48% and the company currently pays out 68.45% of its profits as dividends . LEG’s last dividend payment was US$1.52, up from it’s payment 10 years ago of US$1.00. 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 51.82% earnings per share increase in the next three years. Interested in Leggett & Platt? 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.
