Looking For Yields: Altria, Hershey And Cadence Bank Are Consistent Moneymakers

Companies with a long history of paying dividends and consistently increasing them remain appealing to income-focused investors. Altria, Hershey and Cadence Bank have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 7%.

Altria

Altria Group MO manufactures and sells smokeable and oral tobacco products, maintaining the leading position in cigarettes and smokeless tobacco in the U.S. and the number-two spot in machine-made cigars. 

Altria Group has increased its dividends 59 times in the past 55 years. In its most recent dividend hike announcement on Aug. 22, the company raised the quarterly dividend by 4.1% to $1.02 per share, equal to an annual figure of $4.08 per share. The dividend yield on the stock currently stands at 7.58%.

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Altria Group’s annual revenue as of Sept. 30 stood at $20.36 billion. According to its most recent earnings release on Jan. 30, it posted Q4 2024 revenues of $5.97 billion and EPS of $1.29, both beating consensus estimates. 

Hershey

Hershey HSY is a leading confectionery manufacturer in the United States and internationally. It offers chocolate and non-chocolate confectionery products, gum and mint refreshment products, protein bars, pantry items and snack items. The company primarily markets its products under the brands Hershey’s, Reese’s, Kisses, Jolly Rancher, Almond Joy, Brookside, Kit Kat, Payday, Rolo, Twizzlers and Whoppers.

Hershey has increased its dividends consecutively for the last 15 years. In its latest dividend hike announcement on Feb. 8, the company raised the quarterly dividend from $1.19 to $1.37 per share, equal to $5.48 annually. The dividend yield on the stock is currently 3.55%.

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Hershey's annual revenue as of Sept. 30 stood at $10.97 billion. In its most recent earnings release on Feb. 6, the company posted Q4 2024 revenues of $2.89 billion and EPS of $2.69. Both figures beat the Street estimates.

Check out this article by Benzinga, which provides a glimpse into the expert outlook on Hershey through 20 analysts.

Cadence Bank

Cadence Bank CADE provides commercial banking and financial services. Its products and services include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized and asset-based lending, commercial real estate, equipment financing and correspondent banking services.

Cadence Bank has increased its dividends every year for the last 12 years. In its most recent dividend hike announcement on Jan. 22, the company raised the quarterly dividend by 10% to $0.275 per share, equal to an annual figure of $1.10 per share. The dividend yield on the stock currently stands at 3.13%.

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The company’s annual revenue as of Sept. 30 stood at $1.37 billion. According to its most recent earnings release on Jan. 22, Cadence Bank posted Q4 2024 revenues of $450.70 million, missing the consensus estimate of $457.6 million, while EPS of $0.70 came in above the consensus of $0.68.

Check out this article by Benzinga for four analysts’ insights on Cadence Bank.

Altria, Hershey and Cadence Bank are strong choices for investors seeking reliable passive income. Their dividend yields of up to 7% and long history of consistent hikes make them attractive to income-focused investors.

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