Value-Adding Dividend Stocks To Buy Now

Black Hills 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. Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. Here are other similar dividend stocks that could be valuable additions to your current holdings.

Black Hills Corporation (NYSE:BKH)

Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility company in the United States. Started in 1941, and run by CEO David Emery, the company currently employs 2,744 people and with the stock’s market cap sitting at USD $3.12B, it comes under the mid-cap stocks category.

BKH has a good-sized dividend yield of 3.26% and the company currently pays out 38.99% of its profits as dividends , with analysts expecting a 59.51% payout in three years. BKH has increased its dividend from US$1.40 to US$1.90 over the past 10 years. They have been dependable too, not missing a single payment in this time. Black Hills’s earnings per share growth of 43.47% outpaced the us integrated utilities industry’s -0.95% average growth rate over the last year. Continue research on Black Hills here.

NYSE:BKH Historical Dividend Yield May 13th 18
NYSE:BKH Historical Dividend Yield May 13th 18

Spire Inc. (NYSE:SR)

Spire Inc., through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas customers in the United States. Established in 1857, and currently lead by Suzanne Sitherwood, the company employs 3,279 people and with the market cap of USD $3.59B, it falls under the mid-cap stocks category.

SR has a good dividend yield of 3.16% and the company has a payout ratio of 47.20% , with analysts expecting a 64.10% payout in three years. In the case of SR, they have increased their dividend per share from US$1.50 to US$2.25 so in the past 10 years. The company has been a reliable payer too, not missing a payment during this time. The company recorded earnings growth of 48.76% in the past year, comparing favorably with the us gas utilities industry average of 28.56%. Interested in Spire? Find out more here.

NYSE:SR Historical Dividend Yield May 13th 18
NYSE:SR Historical Dividend Yield May 13th 18

Cardinal Health, Inc. (NYSE:CAH)

Cardinal Health, Inc. operates as an integrated healthcare services and products company worldwide. Founded in 1979, and now run by Michael Kaufmann, the company provides employment to 50,000 people and with the company’s market cap sitting at USD $17.18B, it falls under the large-cap category.

CAH has a solid dividend yield of 3.45% and has a payout ratio of 34.24% . CAH’s DPS have risen to US$1.91 from US$0.56 over a 10 year period. The company has been a reliable payer too, not missing a payment during this time. The company outperformed the us healthcare industry’s earnings growth of 8.76%, reporting an EPS growth of 26.00% over the past 12 months. Dig deeper into Cardinal Health here.

NYSE:CAH Historical Dividend Yield May 13th 18
NYSE:CAH Historical Dividend Yield May 13th 18

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