Looking For Yields: Terreno Realty, Portland General Electric And Skyworks Solutions Are Consistent Moneymakers
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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Terreno Realty, Portland General Electric and Skyworks Solutions have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3-4%.
Terreno Realty
Terreno Realty Corporation (NYSE:TRNO) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C.
The company has increased its dividends every year for the last 11 years. In its most recent dividend hike announcement on Aug. 7, the board of directors raised the quarterly dividend by 8.9% to $0.49 per share, equal to an annual figure of $1.96 per share. Currently, the dividend yield on the stock stands at 3.28%.
Terreno Realty’s annual revenue (as of Sept. 30) stood at $365.40 million. According to the company’s most recent earnings release on Nov. 6, it generated revenues of $99.64 million and an EPS of $0.63 for Q3 2024. Both figures came in above consensus estimates.
Check out this article by Benzinga for six analysts' insights on Terreno Realty.
Portland General Electric Company (NYSE:POR) is a regulated electric utility in Oregon that provides electricity generation, wholesale purchase, transmission, distribution and retail sales. It operates six thermal plants, three wind farms and seven hydroelectric facilities.
Portland General Electric has raised its dividends consecutively for the last 19 years. In its most recent dividend hike announcement on April 19, the company increased the quarterly dividend by 5.3% to $0.50 per share, equal to $2 per share annually. The current dividend yield on the stock stands at 4.87%.
The company's annual revenue (as of Sept. 30) stood at $3.34 billion. As per its most recent earnings announcement on Oct. 25, it posted revenues of $942 million and an EPS of $0.90 for Q3 2024. Both figures beat consensus estimates.
Skyworks Solutions, Inc. (NASDAQ:SWKS) produces semiconductors for wireless handsets and other devices that enable wireless connectivity. Its main products include power amplifiers, filters, switches and integrated front-end modules that support wireless transmissions. Skyworks’ customers are mostly large smartphone manufacturers, but the firm also has a growing presence in non-handset applications such as wireless routers, medical devices and automobiles.
Skyworks Solutions has increased its dividends for the last 11 consecutive years. In its most recent dividend hike announcement on July 30, the company raised the quarterly dividend by 3% to $0.70 per share, equaling an annual figure of $2.80 per share. The current yield on the dividend stands at 3.06%.
The company’s annual revenue (as of Sept. 30) stood at $4.18 billion. According to its most recent earnings release on Nov. 12, it posted Q4 2024 revenues of $1.02 billion and an EPS of $1.55, both coming in above Street estimates.
Check out this article by Benzinga for 13 analysts' projections for Skyworks Solutions.
Terreno Realty, Portland General Electric and Skyworks Solutions are good choices for investors seeking reliable passive income. Their dividend yields of around 3-4% and long history of consistent hikes make them attractive to income-focused investors.
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