Passive income is a sought-after source of revenue for many investors, and companies that consistently pay dividends and increase them over time are particularly attractive. Stanley Black & Decker, AES, and NiSource are three companies that have a long history of rewarding their shareholders with dividends and have recently announced dividend increases. With dividend yields of around 3-4%, these companies are solid options for investors looking to generate passive income.
Stanley Black & Decker, Inc. is a global leader in Tools and Outdoor products, with a workforce of approximately 50,000 employees. The company has been raising its dividends every year since 1968, showcasing its commitment to rewarding shareholders. In its most recent dividend announcement, Stanley Black & Decker increased its quarterly dividend from $0.81 to $0.82 per share, equating to $3.28 annually. With a current dividend yield of 3.28%, the company’s annual revenue stands at $15.6 billion. In its latest earnings report, the company exceeded expectations, demonstrating its strong performance in a challenging market.
The AES Corporation is a diversified power generation and utility company operating in the United States and internationally. AES has been increasing its dividends consecutively since 2014, highlighting its dedication to providing value to shareholders. In its most recent dividend hike announcement, AES raised its quarterly dividend from $0.1659 to $0.1725 per share, totaling $0.69 annually. With a dividend yield of 4.03%, the company’s annual revenue is $12.4 billion. Despite missing revenue expectations in its latest earnings report, AES posted better-than-expected earnings per share, showcasing its resilience in a competitive market.
NiSource Inc. is one of the nation’s largest natural gas distribution companies, serving millions of customers across several states. The company has raised its dividends every year for the last eight years, demonstrating its commitment to shareholder value. In its most recent dividend hike announcement, NiSource increased its quarterly dividend from $0.25 to $0.265 per share, or $1.06 annualized, with a yield of 3.19%. With an annual revenue of $5.2 billion, NiSource exceeded earnings expectations in its latest report, showcasing its ability to deliver consistent returns to shareholders.
Overall, Stanley Black & Decker, AES, and NiSource are solid options for investors seeking reliable passive income. With dividend yields of around 3-4% and a track record of consistent dividend hikes, these companies offer a compelling opportunity for income-focused investors. By investing in these companies, investors can benefit from a steady stream of passive income while also potentially seeing capital appreciation over time.
