Top 10 dividend stocks to consider for financial freedom after retirement

August 03, 2021 08:42 AM AEST | By Team Kalkine Media
 Top 10 dividend stocks to consider for financial freedom after retirement
Image source: docstockmedia, Shutterstock.com

Summary

  • Iron Mountain Incorporated (Delaware) (NYSE:IRM) gave an annual dividend of US$2.474.
  • Discover Financial Services (NYSE:DFS) reported US$2.5 billion in revenue in Q2, 2021.
  • Crown Castle International Corp (NYSE:CCI) has a market capitalization of US483.4 billion.

Dividend stocks are companies that give a portion of their earnings to their shareholders. These companies are generally stable, well established and pay regular dividends to shareholders. These periodic pay-outs from the earnings are called dividends, given in cash or stocks.

Here we explore the top 10 dividend stocks in the market.

Iron Mountain Incorporated (Delaware) (NYSE:IRM)

Iron Mountain Incorporated (Delaware) stores data backup and records. The annual dividend of the company is US$2.474.

The stock of the IRM traded at US$44.07 at 1.13 pm ET on August 2, up by 0.71 percent over the closing price of July 30. The stock value

The market capitalization of the company is US$12.6 billion. The P/E ratio and the forward P/E ratio is 38.85 and 16.64. The stock value of the commercial REIT’s went up by 49.12 percent YTD.

Source: Pixabay.

The total revenue of the US-based company is US$1 billion in Q1, 2021 against US$1 billion in Q1, 2020. Net loss for this period is US$7.1 million and net income for Q1, 2020 is US$29.6 million.

Also read: FAANG earnings update: Profit streak continues in June quarter

Discover Financial Services (NYSE:DFS)

Discover Financial Services offers student loans, credit card loans, personal and home loans. It availed an annual dividend of US$2 to its shareholders.

The stock of DFS traded at US$124.49 at 1.32 pm ET on August 1, 0.14 percent up over the closing price of July 30. The stock value of this banking enterprise went up by 37.61 percent YTD.

The P/E ratio is 7.98, and the forward P/E ratio is 7.48. The EPS is US415.63. The total revenue of the US Company in Q2, 2021 is US$ US$2.5 billion versus US$2.6 in Q2, 2020. The net income for the period is US$753 million against US$669 of Q2, 2020.

Source: Pixabay.

Top dividend paying financial stocks to consider

Realty Income Corporation (NYSE:O)

Realty Income Corporation, a real estate investment trust, is into asset management, real estate research, and house acquisitions. The company gave an annual dividend of US$2.826.

The stock of the O traded at US$70.12 at 1.53 pm ET on August 2, down by 0.24 percent over the closing price of July 30. The stock value of the O went up by 13.09 percent YTD.

The total revenue of the commercial REIT is US$442.8 million in Q1, 2021 against US$414.3 million in Q1, 2020. The net income for the period is US$95.9 million against US$146.8 million in Q1, 2020.

Crown Castle International Corp (NYSE:CCI)

This investment trust is engaged in the cell tower and route miles fibre business. CCI gave an annual dividend of US$5.32.

The stock of the CCI traded at US$192.94 at 1.47 pm ET on August 2, down by 0.07 percent over the closing price of July 30. The stock value of the specialised REIT Company went up by 21.25 percent YTD.

The market capitalization of the American company is US$83.4 billion. The P/E ratio and the forward P/E one year is 74.28 and 29.48. The EPS is US$2.60.

The total revenue of the CCI is US$1.5 billion in Q3, 2021 and US$1.4 billion in Q3 2020. The net income for this period is US$334million against US$163 million in Q3, 2020.

Also read: Five Hot Growth Stocks That May Fly High

Antero Midstream Corporation (NYSE:AM)

Antero Midstream Corporation gathers and operates water handling and processing. The annual dividend of the AM is US$0.90.

The stock of the AM traded at US$9.435 2.16 pm ET on August 2, down by 0.68 percent over the closing price of July 30. The stock value of the energy infrastructure company surged by 21.66 percent YTD.

The market capitalization of the US company is US$4.4 billion. The P/E ratio is 13.06, and the EPS is US$0.72.

The total revenue of this midstream company is US$232.8 million in Q2, 2021, against US$233.4 million in Q2, 2020. And the net income for this period is US$80.2 million versus US$88.4 in Q2, 2020.

Antero Midstream Corporation (NYSE:TGT)

Antero Midstream Corporation sells products like dry grocery, perishable food, clothing, and fashion products through stores and online platforms. The annual dividend by the company is US$3.60.

The stock of the TGT traded at US$257.15 2.08 pm ET on August 2, down by 1.50 percent over the closing price of July 30. The stock value of the discount store went up by 45.50 percent YTD.

The market capitalization of the merchandise retailer is US$127 billion. The P/E ratio is 20.96, and the EPS is US$12.26.

Total revenue for Q1, 2021 is US$24.1 against US$11.9 billion of Q1, 2020/. And the net income for the period is US$2 billion versus US$284 million of Q1 previous year.

AGNC Investment Corp. (Nasdaq:AGNC)

AGNC Investment Corp, a real estate investment trust, is into residential mortgage, collateral mortgage. The annual dividend by AGNC is US$1.44.

The stock of the AGNC traded at US$15.97 at 2.38 pm ET on August 2, up by 0.63 percent over the closing price of July 30. The stock value of the specialised REIT surged by 2.34 percent YTD. Market capitalisation is US$8.3 billion, and the P/E ratio is 4.61.

The total revenue of the real estate investment trust is US$372 million in Q2, 2021 versus US$876 million in Q2, 2020. The company incurred a loss of US$411 during this period and an income of US$718 million in Q2 the previous year.

Newmont Corporation (NYSE:NEM)

Newmont Corporation explores precious metals including gold and silver, across the globe. The gold company gave an annual dividend of US$2.20.

The stock of the NEM traded at US$62.035 at 2.42 pm ET on August 2, down by 1.25 percent over the closing price of July 30. The stock value of the precious metal company went up by 3.56 percent YTD. The P/E is 17.56, and the market capitalization is US$49.5 billion.

The total revenue for Q2, 2021 is US$3 billion against US$2.3 billion Q2, 2020. The net income for this period is US$650million against US$344 million in Q2, 2020.  

Edison International (NYSE:EIX)

Electric utility company gave annual dividend of US$2.65 to its stockholders. Its stock traded at US$55.20 at 3.03 pm ET on August 2, up by 1.30 percent over the closing price of July 30. The stock value of the EIX went down by 12.56 percent YTD. The market capitalization is US$20 billion, and the P/E ratio is 25.64.

New Residential Investment Corp (NYSE:NRZ)

New Residential Investment Corp gave an annual dividend of US$0.80. The real estate investment trust's stock value went down by 1.76 percent YTD. The market capitalization is US$4.5 billion, and the P/E ratio is 7.76.

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


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