Dividends are a great way to ensure regular income from your portfolio. It is important for investors to diversify their portfolios and include at least one dividend-paying stock. Companies that pay dividends are often well-established and financially sound. Their stock prices tend to be less volatile, providing stability during market downturns or periods of economic uncertainty.
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Dividends can also act as an effective hedge against inflation. Many companies with a strong track record of paying dividends often increase their payouts over time. In addition to providing income, many dividend-paying companies also offer the potential for stock price growth, giving you the dual benefits of regular payouts and possible capital gains.
Leveraging TipRanks’ Best High Dividend Stocks US Tool, we have identified three companies offering very attractive dividends. Let’s take a quick look at these three stocks.
Cal-Maine Foods (CALM) – Cal-Maine Foods is one of the largest producers and distributors of shell eggs in the U.S. CALM stock offers an attractive dividend yield of 13.75%. The company pays a quarterly dividend of $3.456 per share. The company has been paying variable dividends since the third quarter of 2008. Over the past three months, two Wall Street analysts covering CALM stock have rated it a Hold. Combined, their 12-month average Cal-Maine Foods price target indicates that shares are almost fully valued at current levels. CALM stock has gained 59.8% over the past year.
Smithfield Foods (SFD) – Smithfield Foods is one of America’s largest pork producers and packaged meat companies. SFD currently pays a regular dividend of $0.50 per share, representing a lucrative yield of 12.52%. In the last three months, eight Wall Street analysts covering SFD stock have rated it a Buy, while only one analyst has rated it a Hold. Together, their 12-month average Smithfield Foods price target indicates an upside of 16.8%. Over the past year, SFD stock has surged 15.2%.
Crescent Capital BDC (CCAP) – Crescent Capital is a specialty finance company focused on originating and investing in the debt of private middle-market companies principally located in the U.S. CCAP pays a regular quarterly dividend of $0.42 per share and a special dividend of $0.05 per share. CCAP currently carries an above-sector yield of 11.4%. Over the past three months, three Wall Street analysts covering CCAP stock rated it a Buy, while two analysts assigned a Hold rating. Together, their 12-month average Crescent Capital price target indicates an upside of 17.7%. Unfortunately, CCAP stock has lost 24.3% in the past year.
To learn more about dividend-paying stocks, visit the TipRanks Best High Dividend Stocks US page.