Value-Adding Dividend Stocks To Buy Now
A great investment for income investors with a long time horizon is in dividend-paying companies like Pfizer. Dividend stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Here are other similar dividend stocks that could be valuable additions to your current holdings.
Pfizer Inc. (NYSE:PFE)
Pfizer Inc. discovers, develops, manufactures, and sells healthcare products worldwide. Started in 1849, and now led by CEO Ian Read, the company provides employment to 96,500 people and with the stock’s market cap sitting at USD $211.19B, it comes under the large-cap category.
PFE has a solid dividend yield of 3.56% and distributes 77.17% of its earnings to shareholders as dividends . Despite some volatility in the yield, DPS has risen in the last 10 years from $1.16 to $1.28.
Schlumberger Limited (NYSE:SLB)
Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. Formed in 1926, and currently run by Paal Kibsgaard, the company size now stands at 100,000 people and has a market cap of USD $86.08B, putting it in the large-cap stocks category.
SLB has a sizeable dividend yield of 3.22% with a large payout ratio. . SLB’s DPS have risen to $2 from $0.7 over a 10 year period. They have been consistent too, not missing a payment during this 10 year period. Analysts are optimistic about SLB’s near future, with expectations of an impressive triple digit earnings growth over the next three years.
Duke Energy Corporation (NYSE:DUK)
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. Established in 2005, and headed by CEO Lynn Good, the company provides employment to 28,798 people and with the company’s market capitalisation at USD $62.04B, we can put it in the large-cap stocks category.
DUK has a substantial dividend yield of 4.02% and has a payout ratio of 88.53% . Over the past 10 years, DUK has increased its dividends from $2.64 to $3.56. They have been dependable too, not missing a single payment in this time.
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.
