Why PepsiCo, Invitation Homes And S&T Bancorp Are Winners For Passive Income

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. PepsiCo, Invitation Homes and S&T Bancorp have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of over 3%.

PepsiCo

PepsiCo, Inc. PEP is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay’s, Cheetos and Doritos. The company dominates the global savory snacks market and ranks as the second-largest beverage provider globally behind Coca-Cola. It has diversified exposure to carbonated soft drinks, water, sports and energy drink offerings.

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PepsiCo has increased its dividends every year for the past 52 years. According to the company's most recent dividend announcement on Nov. 19, its board of directors raised the quarterly dividend by 7% to $1.355, equal to $5.42 annually. The dividend yield on the stock currently stands at 3.55%.

The company's annual revenue as of Sept. 30 stood at $91.9 billion. As per its most recent earnings announcement on Oct. 8, it posted a Q3 2024 EPS of $2.31, above consensus of $2.29, while revenues of $23.32 billion came in below the consensus estimate of $23.82 billion.

Check out this article by Benzinga for 10 analysts' insights on PepsiCo.

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Invitation Homes

Invitation Homes INVH is the nation’s premier single-family home leasing and management company. It meets changing lifestyle demands by providing access to high-quality, updated homes with valued features such as proximity to jobs and access to good schools.

Invitation Homes has raised its dividends consecutively since 2017. As per its most recent dividend announcement on Dec. 13, it increased the quarterly dividend by 3.6% to $0.29 per share, equaling an annual figure of $1.16 per share. Currently, the dividend yield on the stock stands at 3.61%.

The company's annual revenue as of Sept. 30 stood at $2.6 billion. According to the company’s most recent earnings announcement on Oct. 30, it posted Q3 2024 revenues of $660.32 million and an EPS of $0.47, with both figures exceeding consensus estimates. 

Check out this article by Benzinga, which looks into Invitation Homes’s recent short interest.

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S&T Bancorp

S&T Bancorp, Inc. STBA is a bank holding company that operates in five markets: western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio and upstate New York.

The company has consistently increased its dividends for the last 12 years. According to its most recent dividend announcement on Oct. 23, its board of directors raised the quarterly dividend from $0.33 to $0.34 per share, equal to an annual figure of $1.36. The current dividend yield on the stock is 3.46%.

S&T Bancorp’s annual revenue as of Sept. 30 stood at $392.7 million. According to its most recent earnings release on Oct. 17, the company posted Q3 2024 revenues of $96.35 million, compared to a consensus estimate of $98.89 million and an EPS of $0.85, compared to a consensus of $0.81.

PepsiCo, Invitation Homes and S&T Bancorp 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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