10 dividend stocks that could be value for money

Summary

• Dividend-paying stocks could be a good pick to boost your regular income.
• All the companies listed below have a dividend yield of more than 2%.
• Dividend stocks could be unattractive if the companies pay from debt.

Dividend stocks are a favorite for people seeking regular income. Few companies like to share a part of their profit with investors regularly, which is generally on a monthly or quarterly basis. However, dividend stocks may also be unappealing if the companies pay from debt.

Here we explore 10 dividend stocks that have a dividend yield of over 2%.

McGrath RentCorp (NASDAQ: MGRC) is a B2B rental company that provides movable modular buildings, compact storage containers, electronic equipment, etc., on rent. Its dividend yield is 2.16%, and its annualized dividend is US$1.74. P/E ratio is 19.87, and market capitalization is US$1.95 billion. It declared most recent dividend on June 9 for US$0.435.

The company’s total revenue has constantly been increasing for the last five years as per the data available. For FY 2020, revenue was US$572.6 million, and net income was US$102 million.

The stock price grew nearly 48% in one year at the closing of US$79.72 on June 29, 2021.

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Source: Pixabay

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Leggett & Platt, Incorporated (NYSE: LEG) designs and produces different engineered components and products used in homes and automobiles.

LEG’s market capitalization is US$6.88 billion. Its P/E ratio is 24.35. The company’s annualized dividend is US$1.68, and dividend yield 3.29%. Its last dividend was declared on May 3, 2021, for US$0.42 per share, which will be paid on July 15, 2021.

Revenue for FY 2020 was US$4.28 billion, and net income was US$247.6 million. The cash and cash equivalent were US$348.9 million.

Its stock rose 49% in one year and closed at US$51.25 on June 29, 2021.

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Illinois Tool Works Inc. (NYSE: ITW) was founded in 1912. It is a global manufacturer of industrial products and instruments. ITW has 83 divisions in 52 countries for this purpose.

It has a market capitalization of US$ 70.58 billion. Its P/E ratio is 32.06. The company’s dividend yield is 2.03%, and annualized dividend is US$ 4.56.

The latest dividend was declared on May 7, 2021, for US$1.14 per share, which will be paid on July 15.

Its FY2020 operating revenue was US$12.57 billion, and its net income of US$2.1 billion. Net income was US$ 2.52 billion and US$ 2.56 billion in FY 2019 & 2018, respectively.

Its cash and cash equivalent were US$2.6 billion as of December 31, 2020. Its stock increased by 29% in one year. It closed at US$223 on June 29.

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McDonald's Corporation (NYSE: MCD) has a market capitalization of US$172.6 billion. Its restaurant chain has a presence across the world.

Its P/E ratio is 33.57. The company pays an annualized dividend of US$ 5.16, and the dividend yield is 2.23%.

The recent dividend declaration date was May 20, 2021, for US$1.29 per share, paid on June 15. It has been increasing its quarterly dividend payout every year.

FY 2020 reported revenue was US$ 19.2 billion, lower than last three years standalone revenues. Its net income for December 31 ended in FY 2020, was US$4.73 billion compared to US$6 billion in FY 2019.

Cash and cash equivalent stood at US$3.45 billion. The stock saw 25% growth in the past year. It closed at US$230.37 on June 29. 

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UGI Corporation (NYSE: UGI) is a US$9.65 company engaged in the transportation and marketing of energy products and services. Its P/E ratio is 10.96. The company’s dividend yield is 2.94%, and annualized dividend is US$ 1.38.

Its revenue and net income were US$ 6.56 billion and US$532 million, respectively, for FY 2020 compared to revenue of US$7.32 billion and net income of US$256 million in FY 2019. The cash and cash equivalent were US$ 357 million for FY 2020.

UGI stock grew 46% in a year at the closing price of US$46.52 on June 29.

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Hormel Foods Corporation (NYSE: HRL) is a branded food company focused on protein products with a market capitalization of US$25.8 billion. Its P/E ratio is 29.23.

The company’s dividend yield is 2.05%, and annualized dividend is US$ 0.98.

Its revenue for FY2020 ended October was US$9.6 billion, and net income was US$908 million. Revenue grew from the previous year, but net income fell slightly compared to US$979 million in FY 2019. The cash and cash equivalent for FY 2020 was US$1.7 billion.

Its stock was trading almost flat over the past year. It closed at US$47.54 on June 29.

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Source: Pixabay

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) is the largest retail pharmacy in the US and Europe. Its market capitalization is US$ 45.44 billion.

WBA dividend yield is 3.58, and annualized dividend is US$1.87.

The company reported sales of US$139.5 billion in FY 2020, and they have constantly been increasing for the last five years. Its net earnings were US$456 million compared to US$3.98 billion in FY 2019. The cash and cash equivalent were US$0.5 billion for FY 2020.

WBA stock saw 27% growth in one year. The share closed at US$51.99 on June 29, 2021.

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General Dynamics Corporation (NYSE: GD) is a defense contractor and a business jet manufacturer. Its market capitalization is US$53.2 billion, and its P/E ratio is 17.04.

GD’s dividend yield is 2.52%, and its annualized dividend is US$4.76.

Its FY 2020 revenue and net income were US$37.9 billion and US$3.17 billion, respectively. Its revenues have constantly been growing for the last five years, barring 2020 due to coronavirus. Its cash and cash equivalent were US$2.8 billion for FY 2020. Its stock grew nearly 27% in a year and closed at US$186.7 on June 29.

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Cincinnati Financial Corporation (NASDAQ: CINF) is a property and casualty insurance company. Its revenue comes from written premiums. Its market capitalization is US$18.79 billion, and its P/E ratio is 6.17.

CINF’s dividend yield is 2.15%, and its annualized dividend is US$ 2.52.

Share rose approximately 81% in one year. The stock closed at US$116.36 on June 29.

Revenue and net income for FY 2020 were US$8.4 billion and US$1.32 billion, respectively. The cash and cash equivalent were US$41.54 billion in FY 2020.

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Atmos Energy Corporation (NYSE: ATO) is a publicly-traded natural gas utility company. Its market capitalization is US$12.56 billion, and its P/E ratio is 17.47.

ATO’s dividend yield is 2.53%, and its annualized dividend is US$ 2.50.

Its revenue was US$ 2.8 billion, and net income was US$ 601 million in FY 2020. The cash and cash equivalent were US$20.8 million.

The stock price is down 4% in one year. It closed at US$96.41 on June 29, 2021.

Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.