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Federal Realty Investment Trust, Pinnacle West Capital, and CenterPoint Energy have one big thing in common. They are on my list of the best dividend stocks which have generously contributed to my portfolio income over the past couple of months. Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. Today I will share with you my best paying dividend shares you should be considering for your portfolio.
Federal Realty Investment Trust (NYSE:FRT)
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. Established in 1962, and now run by Donald Wood, the company size now stands at 319 people and with the market cap of USD $8.47B, it falls under the mid-cap category.
FRT has a sizeable dividend yield of 3.50% and is distributing 99.68% of earnings as dividends , with analysts expecting a 111.71% payout in the next three years. The company recorded earnings growth of 15.22% in the past year, comparing favorably with the us reits industry average of 4.17%. More on Federal Realty Investment Trust here.
Pinnacle West Capital Corporation (NYSE:PNW)
Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. Formed in 1920, and currently run by Donald Brandt, the company currently employs 6,339 people and with the market cap of USD $8.79B, it falls under the mid-cap stocks category.
PNW has a wholesome dividend yield of 3.53% and pays out 56.29% of its profit as dividends , with the expected payout in three years being 63.60%. More detail on Pinnacle West Capital here.
CenterPoint Energy, Inc. (NYSE:CNP)
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. Founded in 1882, and headed by CEO Scott Prochazka, the company size now stands at 7,727 people and with the company’s market capitalisation at USD $11.60B, we can put it in the large-cap group.
CNP has an alluring dividend yield of 4.13% and is currently distributing 76.50% of profits to shareholders . Dig deeper into CenterPoint Energy 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.