Top 5 dividends stocks to buy in October 2021

Highlights 

  • Dividend-paying companies are generally well-established firms having stable cash flow through their business operations.
  • Investing in stocks which regularly pay dividend is a popular investment strategy for income investors.

Dividend stocks distribute part of their earnings to their shareholders in the form of regular cash pay-outs. These companies generally are well-established firms having stable cash flow through their business operations. Regular dividend-paying companies attract investors. Also, investment in dividend-paying stocks is a popular investment strategy followed by many.

Regular dividend-paying stocks

© 2021 Kalkine Media

Here is the list of stocks that pays regular dividends and can be considered for investment:

CMC Markets PLC (LON: CMCX)

FTSE250 listed company provides investment services to clients by offering an online financial trading portal. The company, for the five months ended 31 August 2021, posted strong growth, its, client income retention remained over 80%. The company expects to continue its current performance and is confident in the long-term growth prospects of the business. As a result of growth momentum in the first five months of a new financial year, the company has updated its net operating income expectations for the full year in the range of £250-280 million.

CMC Markets Plc’s current market cap is £813.05 million, while its current dividend yield stands at 11% as of 28 September 2021.

Centamin Plc (LON: CEY)

It is one of the leading companies operating in the gold mining sector. Its principal mining assets are located in West Africa and Egypt. During the six months ended 30 June 2021, the company’s total gold output was at 203,802 ounces generating revenue of USD 367.4 million despite disruption in operation and supply chain due to the Covid-19 pandemic. Further, the company expects production output of 400,000 to 430,000 oz by the end of this year with unchanged capex guidance of USD225 million. The company declared an interim dividend of 4 cents for the period.

Centamin Plc’s current market cap is £1,075 million, while its current dividend yield stands at 6.2% as of 28 September 2021.

Diversified Energy Company Plc (LON: DEC)

The company operates oil and gas assets primarily in the United States. It reported total revenue of USD 323,316 for the six months ended 30 June 2021, while its average production output stood at 106 MBoe per day. The company distributed USD62 million in dividends to its shareholders, with the most recent dividend of 2.88p per share payable on 24 September 2021.

Top 5 dividends stocks to buy in October 2021?

Diversified Energy Company Plc current market cap is at £982 million, while its current dividend yield stands at 10.1% as of 28 September 2021.

ContourGlobal Plc (LON: GLO)

The company acquires, develops, and operates wholesale power generation business across 18 countries focusing on thermal and renewable energy segments. The company reported solid operational performance with a 38% rise in revenue at USD 935 million during the first half of 2021. Higher revenue was attributed to the acquisition of Western Generation in February 2021 and favourable forex movement. As a result of superior results, the company has increased its full-year EBITDA guidance to USD 780-810 million.

ContourGlobal Plc’s current market cap is £1,240 million, while its current dividend yield stands at 6.8% as of 28 September 2021.

Ashmore Group (LON: ASHM)

The company operates in the assets management industry with a focus on emerging markets investment. The company reported a 13% rise in assets under management at USD 94.4 billion. As a result, it generated adjusted net revenues of £296.6 million with a profit before tax of £282.5 million during the financial year ended 30 June 2021. Consistent rise in emerging markets in recent times has helped the company’s fund to outperform the benchmark.

Ashmore Group current market cap is at £2,463 million, while its current dividend yield stands at 4.9% as of 28 September 2021.

Comment


Disclaimer