4 Highest Dividend Paying Stocks by The Uptrend Center Analyst

London, UK — The Dividend is a term used to describe a specific payment made to shareholders of a company. It is a shared portion of the profits. The company’s board of directors voted to set this amount to pay for the dividend period to shareholders. The investors, who own the company stocks, receive the payment base on the number of shares they own. A company gives dividends to its shareholders in various forms, such as payments in cash or stocks. Shareholders are eligible if they hold the company’s stock before its ex-dividend date. When a company purchases its shares of stocks on the open market, it is called a stock buyback. This process, also known as repurchase, is the best method to use the capital for that time and is used by companies to increase their shareholder value. Companies adopt this method to create a rising share price for their shareholders and get a more significant dividend. Repurchasing boosts the demands of the stocks that create value for all shareholders.

According to Jacob Zimmerman, a stocks analyst at The Uptrend Center, Companies that pay dividends are seen as financially strong companies generating profit that is enough to share with their investors. The Dividend is a strategy used by companies to attract investors seeking profit-stable companies.

Zimmerman believes that some companies pay Dividend for the following reasons:

To Attract More Investors: 

Some investors use dividends as their income by buying and holding a company’s stocks. Companies that have dividend-paying stocks attract such investors. These investors tend to find such companies which pay large dividends as a key indicator for purchase.

Dividends also attract investors who want to benefit from stock growth. This happens so because a stock’s growth increases when dividends are announced.

To Share Profits:

Buying shares of the stock of a company makes one a shareholder. Shareholders become equity owners of the company. Dividends give an opportunity to these shareholders to participate in the profits. Well-established companies pay dividends and are seen as financially stable companies compared to growing companies.

Large Companies That Pay Dividends

Listed below are the most popular stocks that pay dividends to their investors/shareholders:

  1. Exxon Mobil Corp. (XOM)
  2. Suncor Energy Inc. (SU)
  3. Whirlpool Corp. (WHR)
  4. Citigroup Inc. (C) 
  5. Wells Fargo & Co. (WFC) 
  6. Blackstone Inc. (BX)
  7. Honda Motor Co., Ltd. (HMC)

4 Highest Paying Dividend Stocks:

1. Exxon Mobil Corporation (XOM):

Exxon Mobil Corporation is involved in the energy sector. The company’s main business includes exploration, production, manufacturing, trade, transport, and sale of natural oil, gas, and petroleum products, including specialty products. Exxon Mobil Corp has three segments: Upstream, downstream, and chemical.

The Upstream segment works to explore and produce natural gas and crude oil.

The Downstream segment deals with the manufacturing, trading, and selling of petroleum products. The next segment operates in manufacturing and selling of petrochemicals and is known as Chemical segment.

The shares of Exxon Mobil Corp are listed on New York Stock Exchange (NYSE) under the ticker symbol XOM. The company has a market capitalization of $412.62 Billion with revenues of $306.87 Billion. From January to June 2022, the XOM shares have seen a positive growth of about 98.17%. It is a sign that the company is proliferating, and the shares outperform big companies in the market. Therefore, XOM shares could be an outstanding investment opportunity for those looking to find some stocks to add to their portfolios in 2022. Its Earnings per Share (EPS) is 6.02, and the Price to Earnings Ratio (P/E) is 15.94.

2. Suncor Energy Inc. (SU):

Suncor Energy Inc., acting as an incorporated company, basically specializes in developing petroleum aid basins in Canada’s Athabasca oil sands. Its understanding is exploration, improvement, and manufacturing, transportation, refining, and advertising of crude oil in Canada and worldwide.

The Oil Sands segment is engaed in recovering bitumen from mining and in situ operations and enhancements it into refinery feedstock and diesel gas or blends the bitumen with diluent for direct sale to market.

The Exploration and manufacturing section is concerned with offshore operations off the east coast of Canada and within the North Sea and running onshore belongings in Libya and Syria.

The next Refining and Marketing segment deals in refining of crude oil and intermediate feedstock into numerous petroleum and petrochemical products. They also market refined petroleum merchandise to retail, business, and business clients via different retail dealers.

The Corporate and Eliminations segment deals with four wind farms in Ontario and Western Canada.

The shares of Suncor Energy Inc. are listed on New York Stock Exchange (NYSE) under the ticker symbol SU. The market capitalization of this company is $57.24 Billion. Its Earnings per Share (EPS) is 3.4, and the Price to Earnings Ratio (P/E) is 11.87. The company started in 1917 with the name Suncor Inc. which changed to Suncor Energy Inc. in 1997. Its headquarters are in Calgary.

3. Citigroup Inc. (C):

Citigroup Inc. is a diversified financial services holding company working as a multinational investment bank and financial services corporation. The company focuses on providing financial products and services to consumers, corporations, governments, and institutions in North America, Europe, Asia, Latin America, and Africa. It operates in Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

The GCB segment offers banking services through retail banking to consumers through a network of local branches and an electronic delivery system.

ICG segment provides wholesale banking services and products to corporate, institutional, public sector, and high-net-worth clients.

The shares of Citigroup Inc. are listed on New York Stock Exchange under the ticker symbol (C). The market capitalization of Citigroup Inc. is $102.03 Billion. Its Earnings per Share (EPS) is 8.48, with a revenue of $40.49 Billion. Citigroup Inc. started in 1812, and its headquarters is in New York, New York.

4. Whirlpool Corporation (WHR):

Whirlpool Corporation is an American multinational kitchen and laundry company. It manufactures and markets home appliances under the Whirlpool, KitchenAid, Maytag, JennAir, Amana, Roper, and Swash. Whirlpool Corp. operates in three segments: North America; Europe, the Middle East and Africa (EMEA); and Latin America. The company WHR provides products in different parts of the world under different brand names.

The shares of Whirlpool Corporation are listed on New York Stock Exchange under the ticker symbol WHR. The market capitalization of this company is $10.25 Billion. Its Earnings per Share (EPS) is 26.57. The Price to Earnings Ratio (P/E) is 6.93, with a revenue of $21.55 Billion. It is headquartered in Benton Charter Township, Michigan.

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