How Exxon Mobil, State Street And First Merchants Can Put Cash In Your Pocket

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Exxon Mobil, State Street and First Merchants have rewarded their shareholders for several decades and recently announced dividend increases. Furthermore, these companies offer high dividend yields of over 3%.

Don’t Miss:

• This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
• Your biggest returns may not come from the stock market. Invest the way colleges, pension funds, and the 1% do. For a limited time, earn a 1% return boost on your first EquityMultiple investment when you sign up here (Accredited Investors Only)*.

Exxon Mobil 

Exxon Mobil XOM is a global leader in the energy sector. It focuses on the exploration, production and sale of crude oil and natural gas. The company operates through the Upstream, Energy Products, Chemical Products and Specialty Products segments, offering products from fuels and lubricants to petrochemicals. 

The company has increased its dividends every year for the last 42 years. Per its most recent press release on Nov. 1, the company raised its quarterly dividend by 4% to $0.99 per share or $3.96 annualized. Currently, the dividend yield on the stock stands at 3.34%.

The company’s annual revenue (as of June 30) stood at $340.7 billion. According to the company's most recent earnings release on Nov. 1, it posted Q3 2024 revenues of $90.02 billion, missing the consensus estimate of $93.94 billion. Meanwhile, an EPS of $1.92 came in better than the consensus of $1.88. 

How to earn $100 per month from Exxon Mobil stock? Check out this article by Benzinga to learn more.

Trending: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!

State Street

State Street STT is a leading provider of financial services, including investment servicing, investment management and investment research and trading. 

State Street has increased its dividends consecutively for the last 13 years. According to the company’s most recent dividend announcement on July 18, its board of directors raised the quarterly dividend from $0.69 to $0.76 per share, equating to an annual figure of $3.04. Currently, the company’s dividend yield stands at 3.27%.

State Street’s annual revenue (as of Sept. 30) is $12.6 billion. According to the company's most recent earnings report on Oct. 15, it generated revenues of $3.26 billion and EPS of $2.26 in Q3 2024. Both figures came in above the Street estimates.

“We delivered strong financial performance and significant momentum across most business lines in the third quarter, all while supporting our clients in a dynamic operating environment. Our revenue performance reflected broad-based fee growth and higher NII, which drove positive fee and total operating leverage relative to the year-ago quarter,” said Ron O’Hanley, Chairman and Chief Executive Officer.

Check out this article by Benzinga for six analysts' insights on State Street.

Trending: Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

First Merchants

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

The company has consistently raised its dividends yearly for the last 12 years. As per its most recent dividend hike announcement on May 8, the company raised its dividend from $0.34 to $0.35 per share, equating to $1.40 annually. The dividend yield on the stock currently stands at 3.73%.

The company’s annual revenue (as of Sept. 30) is $626.1 million. According to the company's most recent earnings release on Oct. 24, it posted Q3 2024 revenues of $155.98 million, compared to the consensus estimate of $166.33 million and an EPS of $0.95, compared to the consensus of $0.90. 

Exxon Mobil, State Street and First Merchants are good choices for investors seeking reliable passive income. Their dividend yields of over 3% and long history of consistent hikes make them attractive to income-focused investors.

A 9% Return In Just 3 Months

EquityMultiple's ‘Alpine Note — Basecamp Series' is turning heads and opening wallets. This short-term note investment offers investors a 9% rate of return (APY) with just a 3 month term and $5K minimum. The Basecamp rate is at a significant spread to t-bills. This healthy rate of return won't last long. With the Fed poised to cut interest rates in the near future, now could be the time to lock in a favorable rate of return with a flexible, relatively liquid investment option. 

What's more, Alpine Note — Basecamp can be rolled into another Alpine Note for compounding returns, or into another of EquityMultiple's rigorously vetted real estate investments, which also carry a minimum investment of just $5K. Basecamp is exclusively open to new investors on the EquityMultiple platform.

Benzinga Readers: Earn a 1% return boost on your first EquityMultiple investment when you sign up here (accredited investors only).