Reliable Income Streams: 3 Dividend-Paying Giants
Investors seeking steady passive income often turn to companies with a proven track record of consistently increasing their dividend payouts. Three stalwarts that fit the bill are PepsiCo, Invitation Homes, and S&T Bancorp, each boasting a long history of rewarding shareholders with growing dividend yields.
PepsiCo: A Snack and Beverage Powerhouse
PepsiCo, Inc. (NYSE:PEP) is a global leader in the snack and beverage industry, with a diverse portfolio of iconic brands including Pepsi, Mountain Dew, Gatorade, Lay’s, Cheetos, and Doritos. The company’s dominance in the global savory snacks market and second-place ranking in the beverage market behind Coca-Cola make it an attractive choice for income-focused investors.
A 52-Year Dividend Streak
PepsiCo has increased its dividends every year for the past 52 years, with its most recent quarterly dividend hike of 7% to $1.355 per share, equivalent to $5.42 annually. The stock currently yields 3.55%. With annual revenue of $91.9 billion as of September 30, PepsiCo’s financials demonstrate its ability to generate consistent cash flow.
Invitation Homes: A Leader in Single-Family Home Leasing
Invitation Homes (NYSE:INVH) is the nation’s premier single-family home leasing and management company, providing high-quality, updated homes with valued features such as proximity to jobs and access to good schools. The company has raised its dividends consecutively since 2017.
A 3.6% Dividend Hike
Invitation Homes’ most recent dividend announcement on December 13 saw a 3.6% increase to $0.29 per share, equivalent to an annual figure of $1.16 per share. The stock currently yields 3.61%. With annual revenue of $2.6 billion as of September 30, Invitation Homes’ financials demonstrate its ability to generate consistent cash flow.
S&T Bancorp: A Bank Holding Company with a Strong Dividend Track Record
S&T Bancorp, Inc. (NASDAQ:STBA) is a bank holding company operating in five markets: western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio, and upstate New York. The company has consistently increased its dividends for the last 12 years.
A 3.46% Dividend Yield
S&T Bancorp’s most recent dividend announcement on October 23 saw a quarterly dividend hike from $0.33 to $0.34 per share, equivalent to an annual figure of $1.36. The stock currently yields 3.46%. With annual revenue of $392.7 million as of September 30, S&T Bancorp’s financials demonstrate its ability to generate consistent cash flow.
Attractive Options for Income-Focused Investors
PepsiCo, Invitation Homes, and S&T Bancorp offer reliable passive income streams, with dividend yields of over 3% and a long history of consistent hikes. These companies are attractive options for investors seeking steady income generation.
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