Looking For Yields: Coca-Cola, Mid-America Apartment Communities And Bank OZK Are Consistent Moneymakers

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Coca-Cola, Mid-America Apartment Communities and Bank OZK have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of over 3%.

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Coca-Cola

The Coca-Cola Company KO is a beverage company that manufactures, markets and sells various nonalcoholic beverages worldwide. 

It has consistently increased dividends every year for the last 62 years. According to its most recent dividend hike announcement on Feb. 15, its board of directors raised the quarterly dividend by 5.4% to $0.4850 per share, equal to an annualized rate of $1.94 per share. The dividend yield on the stock currently stands at 3.01%.

Coca-Cola’s annual revenue (as of Sept. 30) was $46.4 billion. According to its most recent earnings release on Oct. 23, it posted revenues of $11.85 billion and an EPS of $0.77 for Q3 2024. Both figures were above the consensus estimates.

Check out this article by Benzinga, which decodes Coca-Cola’s options activity.

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Mid-America Apartment Communities

Mid-America Apartment Communities MAA is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and mid-Atlantic regions of the United States.

The company has consistently raised dividends every year since 2011. On Dec. 12, 2023, it announced its most recent dividend hike, increasing the quarterly dividend by 5% to $1.47 per share, which is equal to an annualized rate of $5.88 per share. The dividend yield on the stock is 3.56%.

Mid-America Apartment Communities' annual revenue (as of Sept. 30) was $2.2 billion. According to its most recent earnings release on Oct. 30, it generated Q3 2024 revenues of $551.13 million and an EPS of $2.21. Both figures came in above the consensus estimates.

Check out this article by Benzinga for 10 analysts' insights on Mid-America Apartment Communities.

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Bank OZK

Bank OZK OZK provides various retail and commercial banking services for individuals and businesses in the United States.

It has consistently increased dividends every year for the last 57 quarters. According to its most recent dividend announcement on Oct. 1, its board of directors raised the quarterly dividend by 2.5% to $0.41 per share, equal to an annualized rate of $1.64 per share. The dividend yield on the stock currently stands at 3.28%.

Bank OZK annual revenue (as of Sept. 30) was $1.7 billion. As per its most recent earnings release on Oct. 17, it posted Q3 2024 revenues of $423 million, slightly below the consensus estimate of $423.74 million and an EPS of $1.55, above the consensus of $1.54. 

Coca-Cola, Mid-America Apartment Communities and Bank OZK 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.

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