Reliable Income Streams: 3 Stocks with Consistent Dividend Hikes
Investors seeking steady passive income often turn to companies with a long history of paying dividends and consistently increasing them. Horace Mann Educators, WesBanco, and CME Group are three such companies that have rewarded shareholders for decades and recently announced dividend increases.
Horace Mann Educators: A Diversified Insurance Holding Company
Horace Mann Educators (NYSE: HMN) is a diversified insurance holding company that markets and underwrites personal lines of property and casualty insurance, retirement annuities, and life insurance. The company has increased its dividends every year for the last 15 years, with a recent 3% hike to $0.34 per share, equal to an annual figure of $1.36 per share. Currently, the dividend yield on the stock is 3.42%. With annual revenue of $1.54 billion and a strong Q3 2024 earnings report, Horace Mann Educators is an attractive option for income-focused investors.
WesBanco: A Multifaceted Financial Services Provider
WesBanco (NASDAQ: WSBC) provides a range of financial services, including retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking, and insurance services. The company has raised its dividends consecutively for the last 14 years, with a recent increase from $0.36 to $0.37 per share or $1.48 annualized. Currently, the dividend yield on the stock stands at 4.43%. WesBanco’s annual revenue of $584.63 million and strong Q3 2024 earnings report make it an appealing choice for investors seeking reliable passive income.
CME Group: A Leading Contract Market Operator
CME Group Inc. (NASDAQ: CME) operates contract markets for trading futures and options on futures contracts worldwide. The company has increased its dividends consecutively for the last 14 years, with a recent declaration of a 2024 annual variable dividend of $5.80 per share in addition to the quarterly dividend of $1.15 per share. The annualized dividend on the stock is $10.40 per share, with a current dividend yield of 4.35%. With annual revenue of $6.04 billion and a strong Q3 2024 earnings report, CME Group is an attractive option for investors seeking passive income.
A Trio of Winners for Passive Income
Horace Mann Educators, WesBanco, and CME Group are good choices for investors seeking reliable passive income. Their dividend yields of around 3-4% and long history of consistent hikes make them attractive to income-focused investors. By investing in these companies, investors can generate a steady stream of income to help achieve their financial goals.
Leave a Reply