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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Trinity Industries, Sempra, and Rexford Industrial Realty have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 4%.
Trinity Industries
Trinity Industries (NYSE:TRN) provides railcar products and services under the TrinityRail trade name in North America.
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Trinity Industries has increased its dividends consecutively since 2011. As per its most recent dividend announcement on Dec. 5, the company raised the quarterly payout from $0.28 to $0.30 per share, equal to $1.20 annually. Currently, the dividend yield on the stock stands at 3.87%.
The company’s annual revenue as of Dec. 31 stood at $3.08 billion. In its most recent earnings release on Feb. 20, it posted Q4 2024 revenues of $629.40 million and EPS of $0.39. Both figures beat the Street estimates.
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Sempra
Sempra (NYSE:SRE) operates as an energy infrastructure company in the U.S. and internationally.
The company increased its dividends every year for the last 15 years. In its most recent dividend hike announcement on Feb. 25, it raised the quarterly payout from $0.62 to $0.645 per share, which is equal to an annual figure of $2.58 per share. The current yield on the dividend is 3.59%.
Sempra’s annual revenue as of Dec. 31 stood at $13.19 billion. In its Q4 2024 earnings announcement on Feb. 25, the company posted revenues of $3.76 billion and EPS of $1.50. Both figures came in below expectations.
Check out this article by Benzinga for ten analysts’ insights on Sempra.
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Rexford Industrial Realty
Rexford Industrial Realty (NYSE:REXR) is a real estate investment trust, investing in, operating and redeveloping industrial properties throughout infill Southern California, the world’s fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation.