Dividend-paying stocks are definitely desired by investors in this volatile stock-market environment. Thus, the names on our list today include blue-chip stocks that have a track record of increasing its dividend payout. As well, these companies have raised its dividend by more than 20%, and are currently yielding 3%+ to equity investors.
Lockheed Martin Corp. (NYSE: LMT) – $220.94
Aerospace & Defense
Lockheed Martin Corporation is a global security and aerospace company engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Company operates in five segments: Aeronautics, Information Systems & Global Solutions (IS&GS), Missiles and Fire Control (MFC), Mission Systems and Training (MST) and Space Systems.
- Market Cap: $67,396,047,744
- Dividend Yield (LFQ annualized): 4.8%
- Payout Ratio (LFQ): 94.2%
- Dividend Growth (Q/Q): 73.0%
Darden Restaurants Inc. (NYSE: DRI) – $64.71
Restaurants & Bars
Darden Restaurants, Inc. is a full service restaurant company that owns and operates more than 1,500 restaurants. The Company’s restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s Prime Seafood, Wildfish Seafood Grill and Yard House.
- Market Cap: $8,189,360,039
- Dividend Yield (LFQ annualized): 3.4%
- Payout Ratio (LFQ): 86.5%
- Dividend Growth (Q/Q): 61.5%
Paychex Inc. (NASDAQ: PAYX) – $52.15
Employment Services
Paychex, Inc., is a provider of integrated payroll, Human Resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. The Company focuses on providing payroll and Human Resource services; delivering these services; growing its client base, through the efforts of its direct sales force; improving client service, through its leading-edge technology; capitalizing on the growth opportunities within its existing client base and from new clients; investing in business through expansion of its services and product offerings; and supplementing its growth through strategic acquisitions.
- Market Cap: $18,670,561,000
- Dividend Yield (LFQ annualized): 3.3%
- Payout Ratio (LFQ): 72.6%
- Dividend Growth (Q/Q): 57.9%
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E I du Pont de Nemours and Co (NYSE: DD) – $60.37
Industrial Conglomerates
E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. Its subsidiaries and affiliates conduct manufacturing, seed production or selling activities and distribute products manufactured by the Company. The Company’s segments include Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection.
- Market Cap: $54,534,586,260
- Dividend Yield (LFQ annualized): 3.7%
- Payout Ratio (LFQ): 53.4%
- Dividend Growth (Q/Q): 25.0%
Public Storage (NYSE: PSA) – $230.61
Specialized REITs
Public Storage (the Trust) is a real estate investment trust (REIT). Its principal business activities include Domestic Self-Storage, European Self-Storage and Commercial. The Trust acquires, develops, owns and operates self-storage facilities, which offer storage spaces for lease, on a month-to-month basis, for personal and business use. It has direct and indirect equity interests in self-storage facilities in the United States operating under the Public Storage brand name.
- Market Cap: $39,765,193,075
- Dividend Yield (LFQ annualized): 3.0%
- Payout Ratio (LFQ): 111.5%
- Dividend Growth (Q/Q): 21.5%
