These Dividend Stocks Will Add Value To Your Portfolio

Dividend-paying companies such as Rogers Communications and Toronto-Dominion Bank can help grow your portfolio income through their sizeable dividend payouts. Great dividend payers create a safe bet to increase investors’ portfolio value as payouts provide steady income and cushion against market risks 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.

Rogers Communications Inc. (TSX:RCI.B)

Rogers Communications Inc. operates as a communications and media company in Canada. Started in 1920, and run by CEO Joseph Natale, the company now has 25,200 employees and with the company’s market capitalisation at CAD CA$32.96B, we can put it in the large-cap stocks category.

RCI.B has a nice dividend yield of 3.04% and pays 77.07% of it’s earnings as dividends . Over the past 10 years, RCI.B has increased its dividends from $0.5 to $1.92. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. Over the next 12 months, analysts are predicting double digit earnings growth of 42.10%.

TSX:RCI.B Historical Dividend Yield Jan 4th 18
TSX:RCI.B Historical Dividend Yield Jan 4th 18

The Toronto-Dominion Bank (TSX:TD)

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. Started in 1855, and currently run by Bharat Masrani, the company now has 83,160 employees and with the company’s market capitalisation at CAD CA$135.70B, we can put it in the large-cap category.

TD has a good-sized dividend yield of 3.26% and has a payout ratio of 42.62% , with the expected payout in three years being 44.76%. TD’s DPS have risen to $2.4 from $1.14 over a 10 year period. To the enjoyment of shareholders, the company hasn’t missed a payment during this period.

TSX:TD Historical Dividend Yield Jan 4th 18
TSX:TD Historical Dividend Yield Jan 4th 18

Royal Bank of Canada (TSX:RY)

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. Founded in 1864, and currently lead by David McKay, the company employs 78,210 people and with the company’s market cap sitting at CAD CA$149.13B, it falls under the large-cap category.

RY has a good-sized dividend yield of 3.54% and the company has a payout ratio of 45.88% , with the expected payout in three years being 48.77%. In the case of RY, they have increased their dividend per share from $2 to $3.64 so in the past 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend.

TSX:RY Historical Dividend Yield Jan 4th 18
TSX:RY Historical Dividend Yield Jan 4th 18

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.