WEC Energy Group, Eversource Energy, and Energy Transfer Equity are three of the best paying dividend stocks for creating diversified portfolio income. A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. As a long term investor with a short term temperament, I highly recommend these top dividend stocks.
WEC Energy Group, Inc. (NYSE:WEC)
WEC Energy Group, Inc., through its subsidiaries, generates and distributes electric energy. Formed in 1981, and headed by CEO Gale Klappa, the company now has 8,500 employees and with the market cap of USD $21.34B, it falls under the large-cap category.
WEC has a good dividend yield of 3.05% and is currently distributing 67.17% of profits to shareholders , with analysts expecting the payout ratio in three years to be 67.78%. The company’s DPS have increased from $0.5 to $2.08 over the last 10 years. The company has been a reliable payer too, not missing a payment during this time.
Eversource Energy (NYSE:ES)
Eversource Energy, a public utility holding company, engages in the energy delivery business. Started in 1927, and currently headed by CEO James Judge, the company size now stands at 7,762 people and with the stock’s market cap sitting at USD $20.04B, it comes under the large-cap category.
ES has a nice dividend yield of 3.02% and distributes 60.59% of its earnings to shareholders as dividends . ES’s dividends have increased since they started paying 10 years ago, with DPS increasing from $0.8 to $1.92. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period.
Energy Transfer Equity, L.P. (NYSE:ETE)
Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. Formed in 2002, and currently lead by Robert Owens, the company now has 30,992 employees and with the company’s market cap sitting at USD $19.68B, it falls under the large-cap stocks category.
ETE has a large dividend yield of 6.33% and is distributing 105.05% of earnings as dividends . ETE has increased its dividend from $0.3725 to $1.14 over the past 10 years. They have been dependable too, not missing a single payment in this time. Analyst estimates for Energy Transfer Equity’s future earnings are certainly promising, predicting a triple digit earnings growth over the next three 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.