U.S dividend paying stocks to watch out for in the second half of 2021 |

With the Naira constantly dropping worth traders are exploring overseas markets, notably the U.S inventory market, to preserve their funds protected from the clutches of devaluation. Conservative traders are wanting for dividend-paying stocks to make investments in to earn passive revenue whereas additionally positioning for comparable to time as once they can get pleasure from capital appreciation from an increase in the worth of these stocks.Investing in dividend stocks has confirmed to be a wealth-building technique particularly for these wanting for a gentle stream of revenue that’s paid a minimum of as soon as yearly.The main US inventory markets, NYSE and NASDAQ record dozens of stocks which are nice paying dividend stocks. At Nairametrics we contemplate stocks that pay dividends with a yield of between 4 to 7% and above as nice for any portfolio.These are our prime picks for the week.Altria Group Incorporated (MO)Altria Group Inc. is one of the world’s largest producers and entrepreneurs of tobacco, cigarettes and associated merchandise. It operates worldwide and maintains that the future of the Tobacco trade is about innovation, hurt discount and knowledgeable client alternative.Its Q1, 2021 outcomes present that the firm generated a income of $4.88 billion. Its web revenue stands at $1.42 billion with a revenue margin of 29.18%. Its share worth up to now has carried out properly this yr because it has grown by 14.12%, appreciating from $41.00 to $46.79 with two dividends already paid throughout the yr, as of the time of penning this report.Altria Group Inc elevated its dividend pay by 2.4% from $0.84 to $0.86 when it introduced its dividend cost in July 2020. It has a dividend yield of 7.35%, an earnings per share (EPS) of 4.32 and a worth to earnings ratio (P/E Ratio) that stands at 10.84.The firm has up to now been in line with quarterly dividend funds and primarily based on previous traits, is predicted to announce one other payout in the direction of the finish of July or the first week in August.Oneok Incorporated (OKE)Oneok is a diversified Fortune 500 company primarily based in Tulsa, Oklahoma. It owns main pure gasoline liquid methods due to the 2005 acquisition of Koch Industries pure gasoline companies. The firm is a number one midstream service supplier and owns one of America’s premier pure gasoline liquids methods, connecting NGL provide in the Rocky Mountain, Mid-Continent and Permian areas with key market centres.The firm generated a income of $3.19 billion in the first quarter of 2021. Its web revenue stood at $386.18 million with a revenue margin of 12.09%. Its share worth has additionally carried out properly this yr, appreciating by 44.45% from $38.38 to its present buying and selling worth of $55.44 with two dividends declared and paid this yr, as of the time of penning this report.Oneok elevated its dividend pay by 2.19% from $0.915 to $0.935, when it introduced its dividend cost in the final quarter of 2019. It has a dividend yield of 6.75%, an earnings per share (EPS) of 2.58 and a worth to earnings ratio (P/E Ratio) that stands at 21.52.The firm has been in line with quarterly dividend funds since 2014 and is predicted to announce one other payout in the direction of the finish of July.Gaming and Leisure Properties Incorporated (GLPI)Gaming and Leisure Properties is an actual property funding belief primarily based in Wyomissing, Pennsylvania. The firm specializes in on line casino properties and owns 47 such properties. It has partnerships with the likes of Penn National Gaming, Caesars Entertainment, Boyd Gaming Corporation, Casino Queen and Bally’s.The firm’s first-quarter outcomes revealed a income era of $301.54 million. Its web revenue stood at $127.18 million with a revenue margin of 42.18%. Its share worth is doing properly, gaining 8.99% yr to date (YTD), from $42.40 to at present stand at $46.21 with two dividends declared and paid up to now this yr, as of the time of penning this report.The firm elevated its dividend cost by 3.08% from $0.65 to $0.67, when it introduced its dividend cost in the second quarter of this yr. It has a dividend yield of 5.80%, an earnings per share (EPS) of 2.20 and a worth to earnings ratio (P/E Ratio) that stands at 20.99.The firm is in line with quarterly dividend funds and primarily based on previous traits, is predicted to announce one other payout in August.Universal Corporation (UVV)Universal Corporation is one of the world’s main tobacco retailers. The firm is dedicated to setting trade requirements in offering merchandise which are responsibly sourced and processed.The firm’s first-quarter outcome revealed a income era of $617.59 million. It generated a web revenue of $39.36 million with a revenue margin of 6.37%. Its share worth has grown by 15.28%, appreciating from $48.61 to commerce at present at $56.04 with three declared dividends and two paid up to now this yr, as of the time of penning this report.The firm elevated its dividend cost by 1.30% from $0.77 to $0.78, when it introduced its dividend cost in the second quarter of this yr. It has a dividend yield of 5.60%, an earnings per share (EPS) of 4.78 and a worth to earnings ratio (P/E Ratio) that stands at 11.67.Universal Corporation is in line with quarterly dividend funds and is predicted to announce one other payout any second from now, primarily based on previous traits.Safety Insurance Group Inc. (SAFT)Safety Insurance Group Inc. gives private traces property and casualty insurance coverage centered completely in Massachusetts U.S. The firm is engaged in property and casualty insurance coverage operations and presents a portfolio of property and casualty insurance coverage merchandise.Its first-quarter outcome revealed a income era of $221.91 million. It generated a web revenue of $36.17 million with a revenue margin of 16.30%. Its share worth on the different hand has declined marginally by 2.76%, declining from $77.90 to commerce at present at $75.75 with two declared and paid dividends up to now, as of the time of penning this report.The firm has a dividend yield of 4.74%, an earnings per share (EPS) of 9.10 and a worth to earnings ratio (P/E Ratio) that stands at 8.35.Safety Insurance Group Inc can also be in line with paying dividends quarterly. Based on previous traits, the firm is predicted to announce one other dividend payout in August.Why this issuesThe corporations listed above pay dividends quarterly and are anticipated to pay two extra dividends in the second half of the yr. To earn these dividends, traders should purchase these stocks earlier than the markdown date as stipulated by the corporations. All statistics have been gotten from Bloomberg.Nairametrics just lately reported that SEC has commenced the problem of working licenses to fintechs and funding platforms in Nigeria, starting with Chaka, a digital funding platform for buying and selling stocks. This is an effective signal that extra of these platforms might quickly observe, making it simpler for savvy Nigerian traders to take benefit of the alternatives supplied to make investments in overseas equities as a method to shield the worth of their cash, earn overseas foreign money and develop their wealth as properly.

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