5 dividend-paying mid-cap stocks to watch: WLL, ZIM, SBLK, GOGL & ARCH

Mid-cap stocks, as the name suggests, are smaller than large-cap companies but bigger than small-cap firms in terms of market capitalization. Mid-cap companies hold a market capitalization between US$2 billion and US$10 billion. 

These are relatively new and growing companies with strong growth potential than the already established large caps firms and are less risky than their small-cap peers. 

Here we discuss five dividend-paying mid-cap stocks that rose more than 40% in one year.

Whiting Petroleum Corporation (NYSE: WLL)

Closing price on April 27, 2022: US$72.11
Dividend yield: 1.38%
Annualized dividend: US$1.00

Whiting Petroleum Corp is an independent oil and gas company. Headquartered in Denver, Colorado, it is engaged in developing, producing, acquiring, and exploring activities majorly in the Rocky Mountains region in the US. The company explores the production of crude oil, natural gas, and natural gas liquids. 

For the fiscal year ended December 31, 2021, it reported total operating revenue of US$1.53 billion and a net income of US$428 million. The earnings per share diluted for fiscal 2021 came in at US$10.78.

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On April 14, it declared its second-quarter cash dividend of US$0.25 per common share, payable on June 1, to shareholders of record as of May 20, 2022. 

WLL has a market capitalization of US$2.83 billion. Its P/E ratio is 6.71, and the forward P/E for one year is 3.10. The stock moved in the price range of US$90.89 to US$36.81 in one year.

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ZIM Integrated Shipping Services Ltd. (NYSE: ZIM)

Closing price on April 27, 2022: US$56.62
Dividend yield: 37.07%
Annualized dividend: US$19.50

Haifa, Israel based ZIM Integrated Shipping Services is a container liner shipping company. The company offers tailored services, including Cargo Services, Shipping Trades and Lines, Digital Services, and Schedules for land transportation and logistical services, transportation of out-of-gauge cargo, refrigerated cargo, and dangerous & hazardous cargo. 

ZIM’s revenue for the fiscal year 2021 was US$10.73 billion compared to US$3.99 billion for the previous year. The increase in revenue was due to the rise in prices and carried volume. Its net income was US$4.65 million or US$39.02 per diluted share compared to US$0.524 billion or US$4.96 per diluted share for the fiscal year 2020. 

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Its cash and equivalents grew to US$1.54 billion as of December 31, 2021, from US$0.570 billion as of December 31, 2020.

The stock has a market capitalization of US$6.78 billion. Its P/E ratio is 1.46, and the forward P/E for one year is 1.54. The stock moved in the price range of US$91.23 to US$32.83 in the last 52 weeks. 

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Arch Resources, Inc. (NYSE: ARCH)

Closing price on April 27, 2022: US$171.12
Dividend yield: 0.63%
Annualized dividend: US$1.00

Arch Resources is a metallurgical and coking coal producer. It sells coal to power plants, steel mills, and industrial facilities. Its operating segment includes Powder River Basin (PRB), Metallurgical (MET), and Other Thermal and Corporate. The company is based in Saint Louis, Missouri. 

For the first quarter ended March 31, 2021, it earned a revenue of US$867.9 million compared to US$357.5 million in the same quarter the previous year. Arch reported a net income of US$271.9 million or US$12.89 per share diluted against the net loss of US$6.04 million or US$0.40 per share diluted in Q1, 2020.

The stock has a market capitalization of US$2.65 billion. Its P/E ratio is 5.45, and the forward P/E for one year is 2.83. The stock moved in the price range of US$176.35 to US$44.20 in one year.

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Star Bulk Carriers Corp. (NASDAQ: SBLK)

Closing price on April 27, 2022: US$29.38
Dividend yield: 29.61%
Annualized dividend: US$8.00

Star Bulk Carriers provides marine transportation solutions in the dry bulk sector. The seaborne transportation company owns and operates dry bulk carrier vessels to transport iron ore, bauxite, coal, grains, fertilizers, and steel products. The company is based in Athens, Greece.

The company reported revenue of US$1.43 billion compared to the fiscal year ended December 31, 2021, compared to US$0.693 billion in the previous fiscal year. The net income of the company came in at US$680.5 million or US$6.71 per diluted share compared to US$9.66 million or US$0.10 per diluted share in the previous fiscal year. 

As of December 31, 2021, Star Bulk owned 128 vessels. Its cash and equivalents, restricted cash was US$471 million versus US$190.5 million as of December 31, 2020.

The stock has a market capitalization of US$3.02 billion. Its P/E ratio is 4.41, and the forward P/E for one year is 4.79. The stock moved in the price range of US$32.41 to US$16.56 in one year.

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Golden Ocean Group Limited (NASDAQ: GOGL)

Closing price on April 27, 2022: US$12.66
Dividend yield: 30.72%
Annualized dividend: US$3.60

Hamilton, Bermuda based Golden Ocean Group Ltd is a dry bulk shipping company. It transports dry bulk cargo, including grains, fertilizers, ores, and coal, through its owned, chartered vessels, commercial management vessels, and bareboat vessels.

For the fiscal year ended December 31, 2021, its net income was US$527 million or US$2.73 per share, diluted on the total operating revenue of US$1.2 billion. The company incurred a net loss of US$137.7 million or US$0.96 per diluted share on the revenue of US$0.608 billion in fiscal 2020.

The stock has a market capitalization of US$2.54 billion. Its P/E ratio is 4.8, and the forward P/E for one year is 8.12. The stock moved in the price range of US$14.27 to US$7.58 in the last 52 weeks.

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Bottom line:

The S&P 400 Mid Cap Index declined about 8.8% in one year, while S&P 500 generated 0.7% in the same period. Mid-cap stocks are more volatile than large-cap stocks. Thus, investors should carefully analyze the companies before investing in stocks.