First Property Group, Games Workshop Group, and Morgan Advanced Materials are three of the best paying dividend stocks for creating diversified portfolio income. Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. As a long term investor with a short term temperament, I highly recommend these top dividend stocks.
First Property Group plc (AIM:FPO)
First Property Group plc is a real estate investment firm. The company size now stands at 47 people and has a market cap of GBP £56.73M, putting it in the small-cap group.
FPO has a decent dividend yield of 3.14% and the company currently pays out 27.48% of its profits as dividends , with the expected payout in three years being 35.15%. FPO has increased its dividend from UK£0.008 to UK£0.016 over the past 10 years. They have been dependable too, not missing a single payment in this time. First Property Group is also reasonably priced, with a PE ratio of 8.8 that compares favorably with the GB Real Estate average of 8.8. Interested in First Property Group? Find out more here.
Games Workshop Group PLC (LSE:GAW)
Games Workshop Group PLC, together with its subsidiaries, designs, manufactures, and distributes miniature figures and games in the United Kingdom, Continental Europe, North America, Australia, New Zealand, and Asia. Established in 1991, and now led by CEO Kevin Rountree, the company provides employment to 1,713 people and with the market cap of GBP £923.56M, it falls under the small-cap group.
GAW has a substantial dividend yield of 4.51% and distributes 69.31% of its earnings to shareholders as dividends , with an expected payout of 84.80% in three years. While the yield has dropped at times in the last 10 years, dividends per share during this time have increased overall from UK£0 to UK£1.30. Games Workshop Group’s earnings growth over the past 12 months has exceeded the europe leisure industry, with the company reporting an EPS growth of 160.15% while the industry totaled 4.12%. Dig deeper into Games Workshop Group here.
Morgan Advanced Materials plc (LSE:MGAM)
Morgan Advanced Materials plc operates as an advanced materials science and engineering company that focuses on ceramics, carbon, and composites primarily in the United Kingdom. Established in 1856, and now led by CEO Pete Raby, the company size now stands at 8,800 people and with the market cap of GBP £980.93M, it falls under the small-cap category.
MGAM has a nice dividend yield of 3.16% and has a payout ratio of 29.14% , with analysts expecting a 43.57% payout in three years. Over the past 10 years, MGAM has increased its dividends from UK£0.068 to UK£0.11. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. Morgan Advanced Materials’s earnings per share growth of 105.74% over the past 12 months outpaced the gb machinery industry’s average growth rate of 29.16%. More detail on Morgan Advanced Materials here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.