Here are 4 Great Companies You Know That Will Pay Great Dividends this 2016
There are at least two ways to earn a decent amount of money in the stock market. You can earn from the sale of stocks whose values have increased or you can earn from dividends! So what are dividends? A dividend is a sum of money paid regularly (mostly on a quarterly basis) by a company to its shareholders. The dividend is usually taken from profits or reserves.
Below are the top 4 stocks with the highest dividends this 2016!
- Chevron Corporation (CVX)
Chevron Corporation is based on San Ramon, California. It’s an American multi-energy corporation engaged in oil, geothermal and natural gas production and refining. This year, CVX offers a dividend yield of 4.62 percent. Chevron Corporation has 5-year dividend growth of 8.55 percent.
- Verizon Communications Inc. (VZ)
Verizon is one of the largest wireless communications provider in the United States. Although incorporated in Delaware, Verizon is currently headquartered in Midtown Manhattan, New York City. Verizon Communications Inc. offers a dividend yield of 4.18 percent and boasts a 5-year dividend growth of 2.99 percent.
- Caterpillar Inc. (CAT)
Caterpillar is an American corporation that manufactures, designs and sells insurance, financial products and engines through their massive global dealer network. The company is also famous for its heavy machinery. Caterpillar Inc. has a dividend yield of 4.09 percent and features a 5-year dividend growth of 11.58 percent.
- Pfizer Inc. (PFE)
Pfizer is a powerhouse when it comes to pharmaceutical products. The company is currently based in New York City while its main research facility is headquartered in Groton, Connecticut. Pfizer is one of the pharmaceutical giants in the world. The company is currently offering a dividend yield of 3.83 percent and reports a year dividend growth of 9.24 percent.