Dividend-paying companies can help grow your portfolio income through their sizeable dividend payouts. Great dividend payers create a safe bet to increase investors’ portfolio value as payouts provide steady income and cushion against market risks Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
PACCAR Inc (NASDAQ:PCAR) designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. American Electric Power Company, Inc. (NYSE:AEP), an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. Eaton Corporation plc (NYSE:ETN) operates as a power management company worldwide.
Source: Simply Wall St.
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But why are these stocks your favorite? Can you elaborate on why you chose $PCAR $AEP and $ETN?