MDU Resources Group is one of companies on my list of top dividend stocks. Dividend stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
MDU Resources Group, Inc. (NYSE:MDU)
MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. Started in 1924, and now run by David Goodin, the company size now stands at 10,140 people and has a market cap of USD $5.18B, putting it in the mid-cap stocks category.
MDU has a good-sized dividend yield of 3.01% and pays out 53.26% of its profit as dividends . Over the past 10 years, MDU has increased its dividends from US$0.58 to US$0.79. The company has been a dependable payer too, not missing a payment in this 10 year period. The company outperformed the us integrated utilities industry’s earnings growth of -1.40%, reporting an EPS growth of 22.29% over the past 12 months. Dig deeper into MDU Resources Group here.
Target Corporation (NYSE:TGT)
Target Corporation operates as a general merchandise retailer. Established in 1902, and now led by CEO Brian Cornell, the company employs 323,000 people and with the market cap of USD $38.69B, it falls under the large-cap category.
TGT has a decent dividend yield of 3.56% and is currently distributing 45.94% of profits to shareholders , with an expected payout of 49.20% in three years. The company’s DPS has increased from US$0.56 to US$2.48 over the last 10 years. They have been dependable too, not missing a single payment in this time. More on Target here.
Kimberly-Clark Corporation (NYSE:KMB)
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. Founded in 1872, and currently lead by Thomas Falk, the company employs 42,000 people and with the company’s market cap sitting at USD $39.19B, it falls under the large-cap group.
KMB has a nice dividend yield of 3.57% and pays out 60.23% of its profit as dividends . The company’s dividends per share have risen from US$2.32 to US$4.00 over the last 10 years. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Dig deeper into Kimberly-Clark here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.