Compass Minerals International is one of the top dividend stocks I think are worth considering today. Dividend stocks are a great way to hedge your portfolio as they provide both steady income and cushion against market risks. A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Today I will share with you my best paying dividend shares you should be considering for your portfolio.
Compass Minerals International, Inc. (NYSE:CMP)
Compass Minerals International, Inc., produces and sells salt, and specialty plant nutrition and chemical products in the United States, Canada, Brazil, the United Kingdom, and internationally. Established in 1993, and currently headed by CEO Francis Malecha, the company now has 3,103 employees and with the market cap of USD $2.29B, it falls under the mid-cap category.
CMP has an appealing dividend yield of 4.57% with a generous payout ratio. . The company also looks promising for it’s future growth, with analysts expecting an impressive doubling of earnings per share over the next year. Dig deeper into Compass Minerals International here.
People’s United Financial, Inc. (NASDAQ:PBCT)
People’s United Financial, Inc. operates as the bank holding company for People’s United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. Started in 1842, and now led by CEO John Barnes, the company employs 4,961 people and has a market cap of USD $6.66B, putting it in the mid-cap category.
PBCT has a solid dividend yield of 3.50% and is distributing 70.88% of earnings as dividends . Analysts are enthusiastic about the company’s future growth, estimating a 30.97% earnings per share increase over the next 12 months. Continue research on People’s United Financial here.
PacWest Bancorp (NASDAQ:PACW)
PacWest Bancorp operates as the holding company for Pacific Western Bank, a state chartered bank that provides commercial banking products and services. Established in 1999, and now led by CEO Matthew Wagner, the company size now stands at 1,669 people and with the company’s market capitalisation at USD $6.89B, we can put it in the mid-cap stocks category.
PACW has a decent dividend yield of 3.71% and pays 68.78% of it’s earnings as dividends . Despite there being some hiccups, dividends per share have increased during the past 10 years. Interested in PacWest Bancorp? Find out more here.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.