Dividend stocks such as Western Union and Garmin can help diversify the constant stream of cash flows from your portfolio. 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.
The Western Union Company (NYSE:WU)
The Western Union Company provides money movement and payment services worldwide. Started in 2006, and now led by CEO Hikmet Ersek, the company size now stands at 11,500 people and with the company’s market cap sitting at USD $9.32B, it falls under the mid-cap group.
WU has a decent dividend yield of 3.80% and pays -58.79% of it’s earnings as dividends , with the expected payout in three years being 39.87%. WU’s DPS have risen to US$0.76 from US$0.04 over a 10 year period. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. If analysts are right, WU shareholders can expect strong returns over the next few years. They are estimating the company’s three year return on equity to be 39.48%. Interested in Western Union? Find out more here.
Garmin Ltd. (NASDAQ:GRMN)
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. Established in 1990, and currently run by Clifton Pemble, the company size now stands at 12,300 people and with the company’s market cap sitting at USD $11.41B, it falls under the large-cap group.
GRMN has a sizeable dividend yield of 3.39% and has a payout ratio of 55.14% , with analysts expecting the payout ratio in three years to be 65.04%. While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. The company outperformed the us consumer durables industry’s earnings growth of 10.37%, reporting an EPS growth of 36.06% over the past 12 months. More detail on Garmin here.
Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT)
Public Joint-Stock Company Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan, and Armenia. Founded in 1993, and headed by CEO Andrey Dubovskov, the company employs 66,870 people and with the company’s market cap sitting at USD $12.14B, it falls under the large-cap group.
MBT has a substantial dividend yield of 6.94% and distributes 89.02% of its earnings to shareholders as dividends . Dividends per share have increased during the past 10 years, but there have been a couple hiccups. However, they have historically always picked up again. Dig deeper into Public Joint-Stock Company Mobile TeleSystems 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.