Looking For Yields: AES, Agree Realty And Hormel Foods Are Consistent Moneymakers

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. AES, Agree Realty and Hormel Foods have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of around 3-5%.

The AES Corporation

The AES Corporation AES is a diversified power generation and utility company operating in 15 countries.

The company has increased its dividends every year for the last 10 years. According to its most recent dividend hike announcement on Dec. 6, its board of directors raised the quarterly dividend by 2% to $0.17595 per share, which is equal to $0.7038 annually. Currently, the dividend yield on the stock stands at 5.19%.

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The company's annual revenue (as of Sept. 30) stood at $12.3 billion. According to AES' most recent earnings announcement on Oct. 31, it posted Q3 2024 revenues of $3.29 billion, compared to the consensus estimate of $3.46 billion and an EPS of $0.71, compared to the consensus of $0.64.

Agree Realty

Agree Realty Corporation ADC operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The company mainly focuses on acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.

See Also: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?

The company has raised its dividends consecutively for the last 11 years. As per the company’s most recent dividend hike announcement on Oct. 10, it increased the monthly dividend to $0.253 per share, which is equal to $3.036 annually. Currently, the company’s dividend yield is 4.07%.

Agree Realty’s annual revenue (as of Sept. 30) stood at $600.5 million. According to the company's most recent earnings announcement on Oct. 22, it posted Q3 2024 revenues of $154.33 million, beating the consensus of $152.40 million and adjusted Funds from Operations (AFFO) of $1.03, in line with expectations.

How much would it take to earn $100 monthly from Agree Realty stock? Check out this article by Benzinga to learn more.

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Hormel Foods

Hormel Foods HRL develops, processes and distributes various meat, nut and other products to retail, food service, deli and commercial customers.

The company has raised its dividends consecutively for the last 59 years. According to its most recent dividend announcement on Nov. 25, it increased the quarterly dividend by 3% to $0.29 per share, equaling an annualized figure of $1.16. Currently, the dividend yield on the stock stands at 3.52%.

Hormel Foods’ annual revenue (as of Oct. 31) stood at $11.9 billion. According to its most recent earnings release on Dec. 4, it posted Q4 2024 revenues of $3.14 billion and an EPS of $0.42, both in line with expectations.

AES, Agree Realty and Hormel Foods 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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