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One of the best paying dividend stock on our list is Murgitroyd Group. Dividend stocks are a great way to hedge your portfolio as they provide both steady income and cushion against market risks Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Here are other similar dividend stocks that could be valuable additions to your current holdings.
Murgitroyd Group PLC (AIM:MUR)
Murgitroyd Group PLC, through its subsidiaries, provides intellectual property advisory services. Formed in 1975, and currently lead by Keith Young, the company currently employs 257 people and with the market cap of GBP £47.45M, it falls under the small-cap group.
MUR has a wholesome dividend yield of 3.24% and is currently distributing 61.73% of profits to shareholders . In the case of MUR, they have increased their dividend per share from £0.06 to £0.17 so in the past 10 years. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. It should comfort potential investors that the company isn’t expensive when we look at its PE ratio compared to the GB Professional Services industry. Murgitroyd Group’s PE ratio is 17.5 while its industry average is 17.9. Interested in Murgitroyd Group? Find out more here.
Harvey Nash Group plc (AIM:HVN)
Harvey Nash Group plc, together with its subsidiaries, provides recruitment and outsourcing solutions primarily in the United Kingdom and Northern Europe. Founded in 1988, and currently run by Albert Ellis, the company currently employs 2,526 people and has a market cap of GBP £63.36M, putting it in the small-cap category.
HVN has an alluring dividend yield of 4.70% and pays 43.47% of it’s earnings as dividends . The company’s dividends per share have risen from £0.02 to £0.04 over the last 10 years. They have been consistent too, not missing a payment during this 10 year period. More on Harvey Nash Group here.
Air Partner plc (LSE:AIR)
Air Partner plc provides aircraft charter broking services worldwide. Formed in 1961, and currently run by Mark Briffa, the company currently employs 257 people and has a market cap of GBP £70.42M, putting it in the small-cap category.
AIR has a great dividend yield of 4.03% and distributes 79.97% of its earnings to shareholders as dividends . Although there has been some volatility in the company’s dividend yield, the DPS over a 10 year period has increased from £0.04 to £0.05. More detail on Air Partner here.
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.