Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Virtus Investment Partners, TXNM Energy, and Cogent Communications have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 5%.

Virtus Investment Partners

Virtus Investment Partners Inc. VRTS provides investment management and related services to individuals and institutions. Its retail products include open-end mutual funds, closed-end funds, exchange-traded funds and variable insurance funds. 

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Virtus has raised its dividends consecutively for the past seven years. In its most recent dividend hike announcement on Aug. 15, the company increased the quarterly dividend by 18% to $2.25 per share, which is equal to $9 annually. The current dividend yield on the stock is 4.63%.

Virtus' annual revenue as of Sept. 30 stood at $884.28 million. According to its most recent earnings announcement on Jan. 31, it posted revenues of $233.49 million and EPS of $7.50 for Q4 2024. Both figures beat consensus estimates.

Check out this article by Benzinga for 4 analysts' insights on Virtus Investment Partners.

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TXNM Energy

TXNM Energy Inc. TXNM is a holding company that owns regulated utility companies providing energy to homes and businesses across Texas and New Mexico through its utilities.

TXNM has raised its dividends every year for the last 13 years. As per its most recent dividend announcement on Dec. 3, it increased the quarterly dividend by 5.2% to $0.4075 per share, which is equal to an annual figure of $1.63 per share. Currently, the dividend yield on the stock stands at 3.35%.

The company’s annual revenue as of Sept. 30 stood at $1.91 billion. In its most recent earnings announcement on Nov. 1, the company posted Q3 2024 revenues of $569.26 million vs. the consensus of $588.88 million and EPS of $1.43 vs. the consensus estimate of $1.41.

See Also: 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. 

Cogent Communications

Cogent Communications Holdings Inc. CCOI provides high-speed internet access, private network and global data center co-location space services. The company offers on-net internet access and private network services to various sectors, including law firms, financial services, advertising and marketing firms, health care providers and educational institutions. 

Cogent Communications has raised its dividend consecutively for the last 13 years. According to the company’s most recent dividend hike announcement on Nov. 7, its board of directors increased the quarterly dividend by $0.01 to $0.995 per share, equal to an annual figure of $3.98 per share. The dividend yield on the stock currently stands at 5.22%.

The company’s annual revenue as of Sept. 30 stood at $1.06 billion. In its most recent earnings release on Nov. 7, the company posted Q3 2024 revenues of $257.2 million and a per-share loss of $1.33, both coming in below consensus estimates.

Virtus Investment Partners, TXNM Energy, and Cogent Communications are good choices for investors seeking reliable passive income. Their dividend yields of around 3-5% and long history of consistent hikes make them attractive to income-focused investors.

Check out this article by Benzinga for 3 more stocks offering high dividend yields. 

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Interest Rates Are Falling, But These Yields Aren't Going Anywhere

Lower interest rates mean some investments won't yield what they did in months past, but you don't have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities.

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. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

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