These Dividend Stocks Will Add Value To Your Portfolio

Wayside Technology Group, Elmira Savings Bank, and Penns Woods Bancorp have one big thing in common. They are on my list of the best dividend stocks which have generously contributed to my portfolio income over the past couple of months. Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.

Wayside Technology Group, Inc. (NASDAQ:WSTG)

Wayside Technology Group, Inc. operates as an information technology channel company worldwide. Founded in 1982, and now led by CEO David DeWindt, the company now has 139 employees and with the stock’s market cap sitting at USD $64.21M, it comes under the small-cap group.

WSTG has an alluring dividend yield of 4.77% and pays out 57.02% of its profit as dividends . WSTG has increased its dividend from US$0.60 to US$0.68 over the past 10 years. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. When we compare Wayside Technology Group’s PE ratio with its industry, the company appears favorable. The US Electronic industry’s average ratio of 22.9 is above that of Wayside Technology Group’s (11.9). Dig deeper into Wayside Technology Group here.

NasdaqGM:WSTG Historical Dividend Yield Jun 26th 18
NasdaqGM:WSTG Historical Dividend Yield Jun 26th 18

Elmira Savings Bank (NASDAQ:ESBK)

Elmira Savings Bank provides banking products and services to individual and commercial customers. Started in 1869, and now run by Thomas Carr, the company employs 130 people and with the stock’s market cap sitting at USD $71.39M, it comes under the small-cap stocks category.

ESBK has a enticing dividend yield of 4.27% and is paying out 70.20% of profits as dividends . ESBK’s last dividend payment was US$0.88, up from it’s payment 10 years ago of US$0.60. Much to the delight of shareholders, the company has not missed a payment during this time. Elmira Savings Bank’s earnings per share growth of 23.08% over the past 12 months outpaced the us mortgage industry’s average growth rate of 8.64%. Continue research on Elmira Savings Bank here.

NasdaqCM:ESBK Historical Dividend Yield Jun 26th 18
NasdaqCM:ESBK Historical Dividend Yield Jun 26th 18

Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Penns Woods Bancorp, Inc. operates as the bank holding company for Jersey Shore State Bank and Luzerne Bank, which provides banking and financial services to individuals, partnerships, non-profit organizations, and corporations. Started in 1934, and currently headed by CEO Richard Grafmyre, the company size now stands at 319 people and with the market cap of USD $209.17M, it falls under the small-cap stocks category.

PWOD has a juicy dividend yield of 4.22% and is distributing 85.72% of earnings as dividends . PWOD has increased its dividend from US$1.84 to US$1.88 over the past 10 years. They have been consistent too, not missing a payment during this 10 year period. Interested in Penns Woods Bancorp? Find out more here.

NasdaqGS:PWOD Historical Dividend Yield Jun 26th 18
NasdaqGS:PWOD Historical Dividend Yield Jun 26th 18

For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.