How State Street, Alliant Energy And Trinity Industries Can Put Cash In Your Pocket

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. State Street, Alliant Energy and Trinity Industries have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of over 3%.

State Street

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

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The company has raised its dividends every year for the last 13 years. According to its most recent dividend announcement on July 18, it increased the quarterly dividend from $0.69 to $0.76 per share, equal to $3.04 annually. Currently, the dividend yield on the stock stands at 3.08%.

State Street's annual revenue (as of Sept. 30) stood at $12.6 billion. As per the company’s most recent earnings announcement on Oct. 15, it generated Q3 2024 revenues of $3.26 billion and EPS of $2.26. Both figures exceeded consensus estimates.

Check out this article by Benzinga for 10 analysts’ insights on State Street stock.

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Alliant Energy

Alliant Energy LNT is the parent of two regulated utilities, Interstate Power and Light and Wisconsin Power and Light. These subsidiaries serve nearly one million electric customers and 425,000 natural gas-only customers. Both subsidiaries generate and distribute electricity and natural gas. Alliant also owns a 16% interest in American Transmission Co.

The company has increased its dividends every year for the last seven years. According to Alliant Energy’s most recent dividend hike announcement on Jan. 12, its board of directors raised the quarterly dividend from $0.45 to $0.48 per share, equal to $1.92 annually. Currently, the dividend yield on the stock stands at 3.22%.

Alliant Energy's annual revenue (as of Sept. 30) stood at $4 billion. According to the company's most recent earnings release on Oct. 31, it posted Q3 2024 revenues of $1.08 billion and EPS of $1.15, both exceeding consensus estimates.

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Trinity Industries

Trinity Industries TRN provides rail transportation products and services under the TrinityRail name in North America. It operates in three main segments: railcar leasing and management services, which owns railcars and provides fleet management and administration services; rail products, which builds, sells and modifies freight and tank railcars and their components; and all other, which sells highway products such as guardrails and other highway barriers. 

Trinity Industries has raised its dividends every year since 2011. According to its most recent dividend announcement on Dec. 4, it increased the quarterly dividend from $0.28 to $0.30 per share, equal to $1.20 annually. Currently, the company's dividend yield stands at 3.27%.

The company's annual revenue (as of Sept. 30) stood at $3.2 billion. According to its most recent earnings announcement on Oct. 31, it posted Q3 2024 revenues of $798.80 million and EPS of $0.43. Both figures exceeded consensus estimates.

State Street, Alliant Energy and Trinity Industries 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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