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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Mondelez International, Restaurant Brands International and CareTrust REIT have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3-4%.
Mondelez International
Mondelez International, Inc. (NASDAQ:MDLZ) manufactures, markets and sells snack food and beverage products in Latin America, North America, Asia, the Middle East, Africa and Europe.
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Mondelez has raised its dividends every year since 2013. In its most recent dividend hike announcement on July 30, its board of directors increased the quarterly dividend by 11% to $0.47 per share, equating to $1.88 annually. The current yield on the dividend stands at 3.26%.
The company's annual revenue (as of Sept. 30, 2024) is $36.15 billion. On Oct. 29, the company reported its Q3 2024 earnings, posting an EPS of $0.99 and revenues of $9.20 billion. Both figures came in above the consensus estimates.
Restaurant Brands International
Restaurant Brands International Inc. (NYSE:QSR) operates as a quick-service restaurant company with a footprint that spans more than 31,000 restaurants in more than 100 countries. As of year-end 2023, the company’s portfolio is split among Burger King (7,144 units), Tim Hortons (4,525 units), Popeyes Louisiana Kitchen (3,394 units), Firehouse Subs (1,265 units) and international franchise units of those banners (14,742).
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The company has increased its dividends consecutively for the last 10 years. According to its most recent dividend hike announcement on Feb. 13, 2024, the company raised the quarterly dividend by 5.4% to $0.58 per share, equal to an annual figure of $2.32 per share. The current yield on the dividend stands at 3.82%.
The company’s annual revenue (as of Sept. 30, 2024) stood at $7.93 billion. In its most recent quarterly earnings announcement on Nov. 5, it posted Q3 2024 EPS of $0.93 and revenues of $2.29 billion. Both figures came in below the consensus estimates.