Due to year-to-date investment and capital markets activity, the company raised its 2024 AFFO guidance to $2.30 to $2.32 per diluted share from the prior range of $2.29 to $2.31 per diluted share.

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Ameren

Ameren Corporation (NYSE:AEE) operates as a public utility holding company in the U.S. It owns rate-regulated generation, transmission and distribution networks that deliver electricity and natural gas in Missouri and Illinois, serving over 2.4 million electricity customers and 900,000 natural gas customers.

Ameren has increased its dividends every year since 2014. On Feb. 9, the company announced its most recent dividend hike, raising the quarterly dividend by 6.3% to $0.67 per share, which is equal to $2.68 annually. The current dividend yield on the stock is 3.05%.

“Today’s increase affirms the Ameren Board of Directors’ confidence in our sustainable long-term growth strategy, which includes a robust pipeline of future investments that will continue to modernize the grid, enable our transition to a cleaner energy future, drive increasing value for our customers, support job creation and economic development and provide strong returns for our shareholders,” said Martin J. Lyons, Jr., chairman, president and chief executive officer of Ameren.

Ameren's annual revenue (as of June 30) is $7.2 billion. As per the company’s most recent earnings announcement on Aug. 1, it generated Q2 2024 revenues of $1.69 billion, below the Street estimate of $1.87 billion, while the EPS of $0.97 beat the consensus estimate of $0.94.

Check out this article by Benzinga for seven analysts' insights on Ameren stock.

Delek Logistics, Getty Realty and Ameren are good choices for investors seeking reliable passive income. Their dividend yields of up to 10% and long history of consistent hikes make them attractive to income-focused investors.

Check out this Benzinga piece, highlighting three more stocks offering solid dividend yields.

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This article Looking For Yields: Delek Logistics, Getty Realty And Ameren Are Consistent Moneymakers originally appeared on Benzinga.com