5 Top-Ranked Dividend Stocks for Solid Returns

Dividend paying stocks are primarily mature companies, which are less susceptible to large swings in the market. Their market leading position, large customer base, sustainable business model, long track of profitability and strong liquidity allow them to offer outsized payouts or sizable yields on a regular basis irrespective of the market direction. As a result, these stocks provide greater stability and more scope for capital appreciation as opposed to those that pay high yields. Further, a history of strong dividend growth indicates that a future hike is likely. This makes the portfolio healthy and safe. Here are five of the 13 stocks that fit the bill...

Owens Corning Inc. (OC - Free Report) : This Toledo, TX-based company develops, manufactures and markets insulation, roofing and fiberglass composites. Lam Research Corporation (LRCX - Free Report) : This California-based company designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Juniper Networks Inc. (JNPR - Free Report) : This California-based company is a provider of Internet infrastructure solutions that enable Internet service providers and other telecommunications service providers to meet demand resulting from the rapid growth of the internet. GATX Corporation (GATX - Free Report) : This Illinois-based company is the leading global railcar lessor specializing in railcar and locomotive operating leasing, aircraft operating leasing, information technology leasing, and venture finance for customers in diverse industrial sectors worldwide. Microchip Technology Inc. (MCHP - Free Report) develops and manufactures specialized semiconductor products for a wide variety of embedded control applications.

Source: Zacks

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