In This Article:
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Financial stocks with a proven track record of maintaining and consistently raising dividends are particularly appealing to investors seeking reliable income. This article highlights three companies — Cullen/Frost Bankers, Morgan Stanley, and Federal Agricultural Mortgage — that exemplify this stability and growth, offering solid yields alongside their long history of dividend increases.
Cullen/Frost Bankers
Cullen/Frost Bankers (NYSE:CFR) is a financial holding company offering commercial and consumer banking services, trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services across Texas, including Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley and San Antonio.
The company has paid consistent dividends for 32 consecutive years and raised them for 31 consecutive years. Cullen/Frost pays a quarterly dividend of $0.92 per share, or $3.68 annualized. The annual yield on the dividend is 3.64%.
Over the last 12 months, the company earned $1.93 billion in revenues and $556 million in net income.
Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
Morgan Stanley
Morgan Stanley (NYSE:MS) is a global investment bank with institutional securities, wealth management, and investment management segments. Approximately 45% of its net revenue comes from its institutional securities business, 45% from wealth management, and 10% from investment management.
The company has maintained consistent dividend payments for 32 years and raised them for 10 consecutive years.
Morgan Stanley pays a quarterly dividend of $0.85 per share, or $3.40 annualized. The annual yield on the dividend currently stands at 3.41%. On June 28, the company announced it would increase its dividend by 8.8% to $0.925 per share, which the Board of Directors is expected to declare in Q3 2024.
Over the last 12 months, the company generated $54.47 billion in revenues and $9.52 billion in net income.
Don’t Miss: Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York. Investing in its booming real estate market has never been more accessible.
Federal Agricultural Mortgage
Federal Agricultural Mortgage Corp (NYSE:AGM), provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S.
The company has maintained dividend payments for 21 consecutive years and raised them consistently for 12 years. It pays a quarterly dividend of $1.40 per share, or $5.60 annualized. The annual yield on the dividend is 3.07%.