Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Cogent Communications, Peoples Bancorp and Prologis have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of around 3-5%.
Cogent Communications
Cogent Communications (NASDAQ:CCOI) provides high-speed internet access, private network and global data center co-location space services. The company offers on-net internet access and private network services to various sectors, including law firms, financial services, advertising and marketing firms, health care providers and educational institutions.
Cogent Communications has increased its dividend every year for the last 12 years. As per the company's most recent dividend announcement on Nov. 7, its board of directors raised the quarterly dividend by $0.01 to $0.995 per share, which is equal to an annual figure of $3.98 per share. Currently, the dividend yield on the stock stands at 5.23%.
The company's annual revenue (as of Sept. 30) stood at $1.1 billion. According to its most recent earnings announcement on Nov. 7, it posted revenues of $257.20 million and an EPS of ($1.33) for Q3 2024. Both figures came in below consensus estimates.
Check out this article by Benzinga for six analysts' insights on Cogent Communications.
Peoples Bancorp (NASDAQ:PEBO) is the holding company for Peoples Bank, which provides commercial and consumer banking products and services.
The company has raised its dividends consecutively for the last nine years. As per the company's most recent dividend hike announcement on April 23, it increased its quarterly dividend from $0.39 to $0.40 per share, which is equal to an annual figure of $1.60 per share. The dividend yield on the stock currently stands at 4.58%.
The company’s annual revenue (as of Sept. 30) stood at $442.4 million. According to Peoples Bancorp’s most recent earnings release on Oct. 22, it generated Q3 2024 revenues of $114.89 million and an EPS of $0.89, above consensus estimates.
Prologis (NYSE:PLD) is a global leader in logistics real estate, focusing on high-barrier, high-growth markets. Formed by the June 2011 merger of AMB Property and Prologis Trust, the company develops, acquires and operates approximately 1.2 billion square feet of industrial and logistics facilities worldwide.
The company has increased its dividends every year for the last 10 years. According to its most recent dividend hike announcement on Feb. 22, it raised the quarterly dividend by 10% to $0.96 per share, which is equal to an annual figure of $3.84 per share. Currently, the dividend yield on the stock stands at 3.53%.
Prologis’ annual revenue (as of Sept. 30) stood at $7.9 billion. As per its most recent earnings release on Oct. 16, it posted Q3 2024 revenues of $1.90 billion, in line with expectations and an EPS of $1.43, beating the consensus estimate of $1.38.
Check out this article by Benzinga, which highlights seven analysts' reviews on Prologis.
Cogent Communications, Peoples Bancorp and Prologis are good choices for investors seeking reliable passive income. Their dividend yields of around 3-5% and long history of consistent hikes make them attractive to income-focused investors.
Looking For Higher-Yield Opportunities In A Shifting Market?
The changing interest rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks... Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider.
For instance, the Ascent Income Fund from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-focused investors. First-time investors with EquityMultiple can now invest in the Ascent Income Fund with a reduced minimum of just $5,000. Benzinga Readers: Earn a 1% return boost on your first EquityMultiple investment when you sign up here (accredited investors only).
