In This Article:
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. Nexstar Media, Avista and ALLETE have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 4-5%.
Nexstar Media Group
Nexstar Media Group, Inc. (NASDAQ:NXST) is a diversified media company producing and distributing engaging local and national news, sports and entertainment content across television and digital platforms in the United States. It is the largest television station owner-operator in the United States, with over 200 stations in 116 markets. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC and ABC.
Don't Miss:
-
Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum.
-
Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!
The company has raised its dividends every year since 2013. In its most recent dividend hike announcement on January 26, 2024, Nexstar Media increased the quarterly dividend by 25% to $1.69 per share, equal to an annual figure of $6.76 per share. Currently, the dividend yield on the stock stands at 4.29%.
Nexstar Media’s annual revenue (as of September 30, 2024) stood at $5.22 billion. According to the company's most recent earnings report, released on November 7, 2024, it generated Q3 2024 revenues of $1.37 billion and an EPS of $5.27, both below the consensus estimates.
Revenues from Advertising rose 22.2% to $622 million, led by a $135 million year-over-year rise in election-year political advertising, as reported by Benzinga.
See Also: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!
Avista Corporation
Avista Corporation (NYSE:AVA) is an energy company that produces, transmits, distributes and operates other energy-related businesses. Avista Utilities provides electric service to 415,000 customers and natural gas to 378,000 customers.
Avista has raised its dividends consecutively for the last 22 years. According to its most recent dividend hike announcement on February 7, 2024, the company increased the quarterly dividend from $0.46 to $0.475 per share, which is equal to an annual figure of $1.90 per share. Currently, the dividend yield on the stock stands at 5.20%.