Bendigo and Adelaide Bank is one of our top dividend-paying companies that can help boost the investment income in your portfolio. These stocks are a safe way to create wealth as their stable and constant yields generally hedge against economic uncertainty and deliver downside protection. A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. If you’re a long term investor, these high-performing top dividend stocks can boost your monthly portfolio income.
Bendigo and Adelaide Bank Limited (ASX:BEN)
Bendigo and Adelaide Bank Limited provides banking and financial services in Australia. Established in 1858, and run by CEO Michael Hirst, the company currently employs 4,413 people and has a market cap of AUD A$5.57B, putting it in the mid-cap group.
BEN has an appealing dividend yield of 5.91% and their payout ratio stands at 74.78% , with the expected payout in three years hitting 77.89%. While there’s been some level of instability in the yield, BEN has overall increased DPS over a 10 year period from $0.58 to $0.68. Comparing Bendigo and Adelaide Bank’s PE ratio against the AU Banks industry draws favorable results, with the company’s PE of 12.7 being below that of its industry (13.2).
Sonic Healthcare Limited (ASX:SHL)
Sonic Healthcare Limited, a healthcare company, provides medical diagnostic services, and administrative services and facilities to medical practitioners. The company provides employment to 33000 people and with the stock’s market cap sitting at AUD A$9.72B, it comes under the mid-cap category.
SHL has a solid dividend yield of 3.35% and the company has a payout ratio of 75.01% . In the case of SHL, they have increased their dividend per share from $0.46 to $0.77 so in the past 10 years. To the enjoyment of shareholders, the company hasn’t missed a payment during this period.
National Australia Bank Limited (ASX:NAB)
National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, Asia, the United States, and the United Kingdom. Started in 1834, and currently lead by Andrew Thorburn, the company now has 33,422 employees and with the stock’s market cap sitting at AUD A$80.12B, it comes under the large-cap stocks category.
NAB has a large dividend yield of 6.70% and has a payout ratio of 86.77% . While there’s been some level of instability in the yield, NAB has overall increased DPS over a 10 year period from $1.9 to $1.98.
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.