How Horace Mann Educators, Cogent Communications And Entergy Can Put Cash In Your Pocket

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Horace Mann Educators, Cogent Communications and Entergy have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of around 3-5%.

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Horace Mann Educators

Horace Mann Educators HMN is a diversified insurance holding company that markets and underwrites personal lines of property and casualty insurance, retirement annuities and life insurance.

The company has raised its dividends consecutively for the last 15 years. According to Horace Mann Educators' most recent dividend hike announcement on March 4, its board of directors raised the quarterly dividend by 3% to $0.34 per share or $1.36 annualized. Currently, the dividend yield on the stock stands at 3.23%.

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Horace Mann Educators' annual revenue (as of Sept. 30) stood at $1.5 billion. According to the company’s most recent earnings announcement on Nov. 4, it generated Q3 2024 revenues of $412.10 million and an EPS of $0.76, both above Street estimates.

"We are confident we will deliver on the company's long-term objectives of expanding our share of the education market and achieving a sustainable double-digit ROE in 2025," said Horace Mann President & CEO Marita Zuraitis. "Third-quarter results, including double-digit sales growth in our Auto, Life and Individual Supplemental lines of business as well as continued progress toward restoring full-year Property & Casualty segment profitability, demonstrate we are executing on our plan."

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Cogent Communications

Cogent Communications Holdings 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. 

The company has raised its dividend every year for the last 12 years. According to its most recent dividend announcement on Nov. 7, its board of directors increased the quarterly dividend by 1% to $0.995 per share, equal to an annual figure of $3.98. The dividend yield on the stock currently stands at 5.04%.

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The company’s annual revenue (as of Sept. 30) was $1.1 billion. According to the company's most recent earnings release on Nov. 7, it posted Q3 2024 revenues of $257.20 million and an EPS of ($1.33), both below consensus estimates.

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Entergy

Entergy Corporation ETR engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes and sells electric power in portions of Arkansas, Louisiana, Mississippi and Texas, including the City of New Orleans and distributes natural gas.

Entergy has raised its dividends consecutively for the last nine years. According to its most recent dividend announcement on Oct. 25, it increased the quarterly dividend from $1.13 to $1.2 per share, equal to $4.80 annualized. The current dividend yield on the stock is 3.22%.

Entergy’s annual revenue (as of Sept. 30) stood at $11.9 billion. According to the company’s most recent earnings release on Oct. 31, it posted Q3 2024 revenues of $3.39 billion, below the consensus estimate of $3.66 billion, while the EPS of $2.99 came in above the consensus of $2.97.

Horace Mann Educators, Cogent Communications and Entergy 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.

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