One of the best paying dividend stock on our list is Federal Realty Investment Trust. Dividend stocks are a great way to hedge your portfolio as they provide both 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. If you’re a long term investor, these high-performing top dividend stocks can boost your monthly portfolio income.
Federal Realty Investment Trust (NYSE:FRT)
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. Founded in 1962, and now led by CEO Donald Wood, the company now has 319 employees and with the stock’s market cap sitting at USD $8.47B, it comes under the mid-cap group.
FRT has a good dividend yield of 3.50% and pays 99.68% of it’s earnings as dividends , with analysts expecting a 111.71% payout in three years. Federal Realty Investment Trust’s earnings growth over the past 12 months has exceeded the us reits industry, with the company reporting an EPS growth of 15.22% while the industry totaled 4.17%. Dig deeper into Federal Realty Investment Trust here.
Pinnacle West Capital Corporation (NYSE:PNW)
Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. Formed in 1920, and now led by CEO Donald Brandt, the company employs 6,339 people and with the market cap of USD $8.79B, it falls under the mid-cap stocks category.
PNW has a good dividend yield of 3.53% and is currently distributing 56.29% of profits to shareholders , with an expected payout of 63.60% in three years. More detail on Pinnacle West Capital here.
CenterPoint Energy, Inc. (NYSE:CNP)
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. Established in 1882, and now led by CEO Scott Prochazka, the company provides employment to 7,727 people and with the market cap of USD $11.60B, it falls under the large-cap stocks category.
CNP has an appealing dividend yield of 4.13% and their current payout ratio is 76.50% . More detail on CenterPoint Energy 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.