American Railcar Industries 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 large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Below are more huge dividend-paying stocks that continues to add value to my portfolio holdings.
American Railcar Industries, Inc. (NASDAQ:ARII)
American Railcar Industries, Inc., together with its subsidiaries, designs and manufactures hopper and tank railcars in North America. Founded in 1988, and now led by CEO Jeffrey Hollister, the company employs 2,159 people and with the company’s market cap sitting at USD $767.94M, it falls under the small-cap stocks category.
ARII has a sizeable dividend yield of 3.98% and their payout ratio stands at 58.11% , with the expected payout in three years being 68.26%. Although there has been some volatility in the company’s dividend yield, the DPS over a 10 year period has increased from $0.12 to $1.6. It should comfort potential investors that the company isn’t expensive when we look at its PE ratio compared to the US Machinery industry. American Railcar Industries’s PE ratio is 14.6 while its industry average is 23.9.
Speedway Motorsports, Inc. (NYSE:TRK)
Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. Established in 1959, and now run by Marcus Smith, the company employs 944 people and with the stock’s market cap sitting at USD $793.13M, it comes under the small-cap group.
TRK has a good dividend yield of 3.10% and pays out 70.67% of its profit as dividends . In the last 10 years, shareholders would have been happy to see the company increase its dividend from $0.335 to $0.6. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period.
Urstadt Biddle Properties Inc. (NYSE:UBA)
Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.1 million square feet of space. Founded in 1969, and run by CEO Willing Biddle, the company currently employs 51 people and with the market cap of USD $818.86M, it falls under the small-cap stocks category.
UBA has an alluring dividend yield of 4.67% and pays 98.50% of it’s earnings as dividends , with analysts expecting this ratio to be 141.98% in the next three years. In the last 10 years, shareholders would have been happy to see the company increase its dividend from $0.92 to $1.06. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. The company outperformed the US Equity Real Estate Investment Trusts (REITs) industry’s earnings growth of 0.00184%, reporting an EPS growth of % over the past 12 months.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.