The following stocks have three of the best dividends on the market today. They’re worth considering if you want both growth and income from your portfolio. 2019’s stock market has come with a strong rally, giving some much needed confidence to investors. The strength of the economy is a definite boost, and a stabilizing trade climate is also helping.
However, even with all the good news, many investors want more than just the hope of a continued bull market. Dividends provide income from stocks, and they’re arguably the most crucial factor during uncertain times.
Iron Mountain Inc. (NYSE: IRM)
A unique business, Iron Mountain Inc. is a multinational company that provides information storage and management solutions. It specializes in highly secure data storage and destruction, including both digital and physical mediums.
Stock has been strong this year, increasing 10.21% since January. EPS is high at $1.08, and the dividend yield is 6.96%, one of the highest in the stock market today.
Iron mountain has increased sales consistently for the last three fiscal years. High demand for data management solutions has kept business booming, and Iron Mountain is considered a market leader. The high dividend combines with excellent growth potential to make this an interesting stock in February.
Macerich Co. (NYSE: MAC)
It’s hard to get confident when looking at the stock price of Macerich Co. This real estate investment company has seen stocks decline -25.99% in the last year. Even with the current market rally, stock has only increased 0.55% year to date. Much of the fear comes from the loss of Sears as a customer on its rental properties.
Macerich is a contrarian investment. You would be buying on the dip and while recovery is likely, it’s not guaranteed. What is promising about this stock is its dividend yield. EPS is currently $0.42, and the yield is an impressive 6.89%. This one is worth consideration as a minor component of your portfolio.
Kimco Realty Corp. (NYSE: KIM)
Kimco is a real estate investment trust company. Its primary investments are in shopping centers in the United States. It engages in both development and management.
Stock price has increased 19.86% year to date, as more investors become attracted to this growing real estate company. With a relatively small market cap of $7.49 billion, this stock falls close to the bargain category. However, this is not a junk stock. This is evident in its EPS of $0.59, and a dividend yield of 6.38%.
Promising Returns from Dividends Leaders
Future dividend can’t be guaranteed, but each company listed has displayed strong fiscal responsibility. This is important when weighing your options. As always, due diligence is necessary before making any financial decision.
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