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Companies with a proven track record of maintaining and growing their dividends are very attractive to investors. Here we highlight three companies – ManpowerGroup, Northrop Grumman Corporation and Nexstar Media Group – that recently announced dividend hikes and are delivering solid returns.
Manpower Group
Manpower Group (NYSE:MAN) provides workforce solutions and services globally. The company offers staffing services including permanent, temporary and contract positions in the professional, administrative and industrial sectors. With its Manpower, Experis and Talent Solutions brands, the company has been creating value for clients and candidates in more than 70 countries for 75 years.
ManpowerGroup has maintained its dividend payment for 31 consecutive years and has increased it for the past 13 years. In May, the company increased its semi-annual dividend by 4.8% to $1.54 per share, or $3.08 per year, for a yield of $1.54 per share. 4.23%.
Over the past twelve months, the company generated $18.56 billion in revenue and $50.7 million in net income.
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Northrop Grumman
Northrop Grumman Corporation (NYSE:CNP) is a leading global aerospace and defense technology company. Its segments include Aerospace Systems, Defense Systems, Mission Systems and Space Systems, offering a range of products and services from aerospace systems to missile defense solutions and satellites.
Northrop Grumman has raised its dividend for 20 consecutive years. In May, the company announced a 10% increase in its quarterly dividend to $2.06 per share, or $8.24 per year, which would earn it 1.91%.
The company has exceeded EPS and revenue expectations over the past six quarters. Over the past twelve months, Northrop Grumman generated $40.12 billion in revenue and $2.15 billion in net income.
Nextstar Media
Nexstar Media Group, Inc. (NASDAQ:NXST) is a leading diversified media company that produces and distributes local and national news, sports and entertainment content across television and digital platforms.
Nexstar has maintained its dividend payments for 12 consecutive years and increased them for 11 years. In May, the company announced a 25% increase in its quarterly dividend to $1.69 per share, or $6.76 per year, which will earn it 4.28%.
Over the past 12 months, Nexstar generated $4.96 billion in revenue and $410 million in net income.
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There are better high yield opportunities
The current high-interest rate environment has created an incredible opportunity for income-seeking investors to capture massive returns, but not through dividend stocks… Some private market real estate investments give retail investors the chance to capitalize on these high-yielding opportunities, and Benzinga has identified some of the most attractive options to consider.
For example, Alpine Notes from Base Camp offers a target APY of 9% with a term of just three months, making it a powerful short-term cash management tool with incredible flexibility. EquityMultiple has issued 61 series of Alpine Notes and has met all payment and financing obligations with no missed or late interest payments. With a low minimum investment of just $1,000, Basecamp Alpine Notes makes it easier than ever to start building a high-yield portfolio.
Don’t miss this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga’s favorite high-yield deals.
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