Why ManpowerGroup, Regions Financial, And Nexstar MediaAre Winners For Passive Income

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

ManpowerGroup

ManpowerGroup MAN provides workforce solutions and services under the Talent Solutions, Manpower, and Experis brands worldwide.

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The company has raised its dividend every year since 2011. Its semiannual payout stands at $1.54 per share, equal to an annual figure of $3.08 per share. The current yield on the dividend is 5.24%.

ManpowerGroup’s annual revenue as of Dec. 31 stood at $17.85 billion. As per its most recent earnings report on Jan. 30, the company posted Q4 2024 revenues of $4.40 billion, missing the consensus estimate of $4.43 billion, while EPS of $1.02 came in above the consensus of $1.

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Regions Financial

Regions Financial Corporation RF provides various banking and related products and services to individual and corporate customers.

Regions Financial has raised its dividends consecutively for the last 12 years. In its most recent dividend hike announcement on July 17, 2024, its board increased the quarterly payout from $0.24 to $0.25 per share, equaling an annual figure of $1 per share. More recently, in its dividend announcement on Feb. 12, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 4.54%.

Regions Financial's annual revenue as of Dec. 31 stood at $7.08 billion. In its Q4 2024 earnings report on Jan. 17, the company posted revenues of $1.84 billion, missing the consensus estimate of $1.86 billion, while EPS of $0.59 came in above the consensus of $0.55.

Check out this article by Benzinga for four analysts' insights on Regions Financial.

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Nexstar Media Group

Nexstar Media Group NXST operates as a diversified media company that produces and distributes local and national news, sports, and entertainment content on television and digital platforms in the U.S.

The company has increased its dividends consecutively for the last 12 years. In its most recent dividend hike announcement on Jan. 29, the company raised the quarterly payout by 10% to $1.86 per share, which is equal to an annual figure of $7.44 per share. Currently, the dividend yield on the stock is 4.09%.

Nexstar Media's annual revenue as of Dec. 31 stood at $5.41 billion. In the company’s Q4 2024 earnings release on Feb. 27, it posted revenues of $1.49 billion, slightly above the consensus estimate of $1.48 billion, while EPS of $7.56 missed the consensus of $8.02.

ManpowerGroup, Regions Financial, and Nexstar Media 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.

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