The company has raised its dividend every year for the last 12 years. According to its most recent dividend announcement on Nov. 7, its board of directors increased the quarterly dividend by 1% to $0.995 per share, equal to an annual figure of $3.98. The dividend yield on the stock currently stands at 5.04%.

Trending: These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends

The company’s annual revenue (as of Sept. 30) was $1.1 billion. According to the company's most recent earnings release on Nov. 7, it posted Q3 2024 revenues of $257.20 million and an EPS of ($1.33), both below consensus estimates.

Wall Street’s most accurate analysts weigh in on two more Tech and Telecom stocks with over 4% dividend yields. Check out this article by Benzinga to learn more.

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Entergy

Entergy Corporation (NYSE:ETR) engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes and sells electric power in portions of Arkansas, Louisiana, Mississippi and Texas, including the City of New Orleans and distributes natural gas.

Entergy has raised its dividends consecutively for the last nine years. According to its most recent dividend announcement on Oct. 25, it increased the quarterly dividend from $1.13 to $1.2 per share, equal to $4.80 annualized. The current dividend yield on the stock is 3.22%.

Entergy’s annual revenue (as of Sept. 30) stood at $11.9 billion. According to the company’s most recent earnings release on Oct. 31, it posted Q3 2024 revenues of $3.39 billion, below the consensus estimate of $3.66 billion, while the EPS of $2.99 came in above the consensus of $2.97.

Horace Mann Educators, Cogent Communications and Entergy are good choices for investors seeking reliable passive income. Their dividend yields of around 3-5% and long history of consistent hikes make them attractive to income-focused investors.

Diversify Your Monthly Income Stream With Fractional Real Estate

While Realty Income is a solid choice for investors seeking consistent monthly dividend income, it's important to remember that publicly traded stocks are subject to market volatility. Real estate investing through platforms like Arrived is worth considering for those looking to diversify their income streams and potentially reduce exposure to market fluctuations.

Arrived allows individuals to invest in shares of rental properties for as little as $100, providing the potential for monthly rental income and long-term appreciation without the hassles of being a landlord. With over $1 million in dividends paid out last quarter and a growing selection of properties across various markets, Arrived offers an attractive alternative for investors seeking to build a diversified real estate portfolio.

This article How Horace Mann Educators, Cogent Communications And Entergy Can Put Cash In Your Pocket originally appeared on Benzinga.com

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