Consistent Dividend Hikes & Attractive Yields: Starbucks, Archer-Daniels Midland, And First Merchants

Companies with a long history of maintaining and growing dividends are always appealing for income-focused investors. Starbucks, Archer-Daniels Midland, and First Merchants have consistently rewarded their shareholders over the years. Alongside their impressive track records, they currently offer solid dividend yields of over 3%. 

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Starbucks

Starbucks SBUX is one of the most widely recognized restaurant brands in the world. It is a roaster, marketer, and retailer of coffee. The company operates more than 38,000 stores across more than 80 countries. It offers coffee and tea beverages, roasted whole beans and ground coffees, single-serve products, and ready-to-drink beverages, as well as various food products, such as pastries, breakfast sandwiches, and lunch items.

Starbucks has consistently raised its dividends every year since 2010. The most recent dividend hike was announced in September 2023, when Starbucks increased its dividend from $0.50 to $0.53 per share, equating to $2.28 annually. The current yield on the dividend stands at 3.13%.

The company's annual revenue (as of March 31) is $36.5 billion. Its upcoming quarterly earnings report is scheduled for July 30. Wall Street analysts estimate a quarterly EPS of $0.94 and revenue of $9.3 billion. 

Starbucks stock is down around 23% YTD.

Archer-Daniels Midland

Archer-Daniels-Midland Company ADM engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions globally. 

The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on human and animal ingredients and is a large producer of corn-based sweeteners, starches, and ethanol.

Archer-Daniels-Midland has paid uninterrupted quarterly dividends for more than 92 years. The most recent dividend hike was announced in January, when the company increased its dividend from $0.45 to $0.50 per share, equating to $2 annually. The current yield on the dividend stands at 3.17%.

The company's annual revenue (as of March 31) is $91.7 billion. Its upcoming quarterly earnings report is scheduled for July 23. Wall Street analysts estimate a quarterly EPS of $1.28 and revenue of $23.3 billion. 

Archer-Daniels-Midland stock is down around 11% YTD.

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First Merchants

First Merchants Corp FRME provides community banking services. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. 

First Merchants Corp has consistently raised its dividends every year since 2012. The most recent dividend hike was announced in May, when the company increased its dividend from $0.34 to $0.35 per share, equating to $1.40 annually. The current yield on the dividend stands at 4.25%.

The company's annual revenue (as of March 31) is $$635.6 million. Its upcoming quarterly earnings report is scheduled for July 25. Wall Street analysts estimate a quarterly EPS of $0.81 and revenue of $160.3 million. 

First Merchants stock is down around 9% YTD.

Are You Missing Out On Higher Yields?

The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider. 

For example, the Jeff Bezos-backed investment platform just launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings. 

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