Yahoo Finance Best NYSE Dividend Payers
L Brands, Campbell Soup, and CenterPoint Energy 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. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
L Brands, Inc. (NYSE:LB)
L Brands, Inc. operates as a specialty retailer of women’s intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. Established in 1963, and run by CEO Leslie Wexner, the company currently employs 59,200 people and has a market cap of USD $9.97B, putting it in the mid-cap group.
LB has a substantial dividend yield of 6.67% and pays out 72.30% of its profit as dividends , and analysts are expecting the payout ratio in three years to hit 88.49%. Although investors would have seen a few years of reduced payments, it has picked up again, with dividends increasing from US$0.60 to US$2.40 over the past 10 years. L Brands is also reasonably priced, with a PE ratio of 10.8 that compares favorably with the US Specialty Retail average of 20.2. More on L Brands here.
Campbell Soup Company (NYSE:CPB)
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. Founded in 1869, and headed by CEO Keith McLoughlin, the company size now stands at 18,000 people and with the company’s market capitalisation at USD $11.13B, we can put it in the large-cap group.
CPB has a wholesome dividend yield of 3.78% and is paying out 86.96% of profits as dividends . CPB’s DPS have risen to US$1.40 from US$0.88 over a 10 year period. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Campbell Soup’s future earnings growth looks strong, with analysts expecting 97.86% EPS growth in the next three years. Interested in Campbell Soup? Find out more here.
CenterPoint Energy, Inc. (NYSE:CNP)
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. Started in 1882, and headed by CEO Scott Prochazka, the company employs 7,977 people and with the company’s market capitalisation at USD $11.38B, we can put it in the large-cap group.
CNP has a large dividend yield of 4.21% and their current payout ratio is 26.38% , and analysts are expecting the payout ratio in three years to hit 68.56%. CNP’s last dividend payment was US$1.11, up from it’s payment 10 years ago of US$0.73. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. The company outperformed the us integrated utilities industry’s earnings growth of 4.92%, reporting an EPS growth of 275.53% over the past 12 months. Dig deeper into CenterPoint Energy 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.
