Looking For Yields: Nexstar Media, Avista And ALLETE Are Consistent Moneymakers

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Nexstar Media, Avista and ALLETE have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 4-5%.

Nexstar Media Group

Nexstar Media Group, Inc. NXST is a diversified media company producing and distributing engaging local and national news, sports and entertainment content across television and digital platforms in the United States. It is the largest television station owner-operator in the United States, with over 200 stations in 116 markets. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC and ABC. 

Don't Miss:

• Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. 
• Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!

The company has raised its dividends every year since 2013. In its most recent dividend hike announcement on January 26, 2024, Nexstar Media increased the quarterly dividend by 25% to $1.69 per share, equal to an annual figure of $6.76 per share. Currently, the dividend yield on the stock stands at 4.29%.

Nexstar Media’s annual revenue (as of September 30, 2024) stood at $5.22 billion. According to the company's most recent earnings report, released on November 7, 2024, it generated Q3 2024 revenues of $1.37 billion and an EPS of $5.27, both below the consensus estimates.

Revenues from Advertising rose 22.2% to $622 million, led by a $135 million year-over-year rise in election-year political advertising, as reported by Benzinga. 

See Also: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!

Avista Corporation

Avista Corporation AVA is an energy company that produces, transmits, distributes and operates other energy-related businesses. Avista Utilities provides electric service to 415,000 customers and natural gas to 378,000 customers.

Avista has raised its dividends consecutively for the last 22 years. According to its most recent dividend hike announcement on February 7, 2024, the company increased the quarterly dividend from $0.46 to $0.475 per share, which is equal to an annual figure of $1.90 per share. Currently, the dividend yield on the stock stands at 5.20%. 

The company's annual revenue (as of September 30, 2024) stood at $1.92 billion. In its most recent earnings release on November 7, it posted Q3 2024 revenues of $383.75 million, compared to the consensus of $389.29 million and an EPS of $0.23, compared to the consensus estimate of $0.13.

Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.

ALLETE

ALLETE, Inc. ALE is an energy company generating electricity from coal, biomass co-fired natural gas, hydroelectric power, wind and solar energy. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 nonaffiliated municipal customers. 

ALLETE has increased its dividends every year for the last 14 years. In its most recent dividend hike announcement on January 26, 2024, the company's Board of Directors raised the quarterly dividend by 4.10% to $0.705, equal to an annual figure of $2.82 per share. Currently, the dividend yield is 4.32%.

The company's annual revenue (as of September 30, 2024) stood at $1.57 billion. According to its most recent earnings release on October 30, ALLETE posted Q3 2024 revenues of $407.20 million, compared to the consensus of $391 million and an EPS of $0.78, compared to the consensus estimate of $0.93.

Nexstar Media, Avista and ALLETE are good choices for investors seeking reliable passive income. Their dividend yields of around 4-5% 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. 

Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

Interest Rates Are Falling, But These Yields Aren't Going Anywhere

Lower interest rates mean some investments won't yield what they did in months past, but you don't have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities.

Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

Looking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings.