These Three Companies Just Raised Dividend Payouts
One of the best ways to protect your portfolio and earn passive income is with dividend stocks.
Especially those with a strong history of raising dividends.
Look at Realty Income (SYM:O), for example. With a yield of 5.06%, the real estate investment trust (REIT) has been paying out a dividend for 29 consecutive years. In fact, its latest dividend of $0.2630 will be paid on September 13 to shareholders of record as of September 3.
Even better, Realty Income has been one of the top performers on the market. Since July, the REIT soared from low of about $52 to $62.77. So, not only did investors make money from the company’s consistent dividends, they also made money from stock appreciation.
Here are three more stocks with respectable yields.
T-Mobile (SYM:TMUS)
Just days ago, T-Mobile (SYM:TMUS) raised its dividend by 35%, which now brings its yield to 1.74%.
According to the company, it will pay out a cash dividend of 88 cents on December 12 to shareholders of record as of November 27.
Even better, the company just said it’s selling the iPhone 16 at a greater rate than last year’s model. “The first week was better than last year,” CEO Mike Sievert said, as quoted by CNBC. “Not only good, but better than last year, and people are buying Pros, they’re buying Maxs, so they’re buying up the food chain, and they’re buying at a greater rate than last year.”
In addition, the company, which expects to see adjusted free cash flow of between $18 billion and $19 billion in 2027, says it plans to return up to $50 billion to shareholders in 2027 with share buybacks and dividend payouts. Not only can you collect respectable yield with TMUS, but you can capitalize on TMUS’ stock appreciation.
Idacorp (SYM:IDA)
Electric utility, Idacorp (SYM:IDA) just raised its dividend to 86 cents per share, or $3.44 annualized. That now brings IDA’s yield to 3.22%.
“IDACORP’s Board of Directors has approved a dividend increase every year since 2011, resulting in a cumulative dividend increase of 187% and compound annual dividend growth rate of 7.8% since 2011,” said Lisa Grow, IDACORP President and Chief Executive Officer.
Helping, earnings have been strong. In its second quarter, EPS of $1.71 beat by 33 cents. Revenue of $451.04 million, up about 9% year over year, beat by $10.89 million. It also increased the lower-end of its full-year 2024 earnings guidance to a new range of $5.30 and $5.45 per diluted share.
Winnebago (SYM:WGO)
Winnebago just increased its dividend by 10% to 34 cents. That’s payable on September 25 to shareholders of record as of September 11. If you missed this one, more are on the way. The company has paid out dividends for the last 41 consecutive quarters.
“Our healthy balance sheet and strong cash flows allow us to invest in profitable growth while maintaining a balanced approach to capital allocation that consistently benefits our shareholders,” added the company.
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