Why Mosaic, Spire And Terreno Realty Are Winners For Passive Income

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Mosaic, Spire and Terreno Realty have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of around 3-4%.

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Mosaic

The Mosaic Company MOS is the world’s leading integrated producer of concentrated phosphate and potash – two of agriculture's three most important nutrients. The company employs over 13,000 people in six countries to serve farmers worldwide.

Mosaic has raised its dividends every year for the last 5 years. As per its most recent dividend hike announcement on Dec. 15, 2023, the company increased the quarterly dividend from $0.20 to $0.21 per share, equaling an annual figure of $0.84. The current dividend yield stands at 3.05%.

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Mosaic’s annual revenue (as of Sept. 30) stood at $11.50 billion. According to the company’s most recent earnings announcement on Nov. 12, it posted Q3 2024 revenues of $2.81 billion and an EPS of $0.34. Both figures missed consensus estimates.

Check out this article from Benzinga for five analysts' insights on Mosaic. 

Spire

Spire Inc. SR engages in the purchase, retail distribution and sale of natural gas to residential, commercial, industrial and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing and Midstream. 

Spire has increased its dividends every year for the last 22 years. According to its most recent dividend announcement on Nov. 14, the company raised the quarterly dividend from $0.755 to $0.785 per share, equaling an annual figure of $3.14 per share. Currently, the dividend yield on the stock is 4.34%.

Spire’s annual revenue (as of Sept. 30) was $2.6 billion. According to the company's Q4 2024 earnings announcement on Nov. 20, it generated revenues of $293.80 million and an EPS of ($0.54). Both figures came in below consensus expectations.

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Terreno Realty

Terreno Realty TRNO acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C.

Terreno Realty has raised its dividends consecutively for the last 11 years. On Aug. 7, the company announced its most recent dividend hike, increasing the quarterly dividend by 8.9% to $0.49 per share or $1.96 annualized. The dividend yield on the stock stands at 3.24%.

Terreno Realty's annual revenue (as of Sept. 30) stood at $365.4 million. Per the company's most recent earnings release on Nov. 6, it generated Q3 2024 revenues of $99.64 million and an EPS of $0.63, which were above consensus estimates.

Mosaic, Spire and Terreno Realty are good choices for investors seeking reliable passive income. Their dividend yields of around 3-4% and long history of consistent hikes make them attractive to income-focused investors.

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

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