Dividend stocks such as ITV and InterContinental Hotels Group can help diversify the constant stream of cash flows from your portfolio. 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.
ITV plc (LSE:ITV)
ITV plc operates commercial television channels in the United Kingdom. The company employs 6531 people and with the company’s market cap sitting at GBP £6.62B, it falls under the mid-cap category.
ITV has a juicy dividend yield of 7.46% and the company has a payout ratio of 72.29% . Dividends per share have increased during the past 10 years, but there have been a couple hiccups. However, they have historically always picked up again.
InterContinental Hotels Group PLC (LSE:IHG)
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels. Started in 1967, and now run by Keith Barr, the company now has 6,587 employees and with the company’s market capitalisation at GBP £8.85B, we can put it in the mid-cap stocks category.
IHG has a juicy dividend yield of 6.56% and the company currently pays out 44.24% of its profits as dividends , with the expected payout in three years being 44.71%. Although there has been some volatility in the company’s dividend yield, the DPS over a 10 year period has increased from $0.28 to $3.1.
Legal & General Group Plc (LSE:LGEN)
Legal & General Group Plc provides various insurance products and services worldwide. Established in 1836, and now run by Nigel Wilson, the company now has 6,862 employees and has a market cap of GBP £16.07B, putting it in the large-cap category.
LGEN has an alluring dividend yield of 5.30% and is paying out 56.58% of profits as dividends , with analysts expecting a 67.40% payout in three years. Despite there being some hiccups, dividends per share have increased during the past 10 years.
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.