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Companies with a strong track record of maintaining and growing their dividends are highly appealing to investors. Here, we highlight three companies—ManpowerGroup, Northrop Grumman Corporation, and Nexstar Media Group—that have recently announced dividend hikes and offer solid yields.
ManpowerGroup
ManpowerGroup (NYSE:MAN) provides workforce solutions and services globally. The company offers recruitment services, including permanent, temporary, and contract positions across professional, administrative, and industrial sectors. With its brands Manpower, Experis, and Talent Solutions, the company has been creating value for clients and candidates in over 70 countries for 75 years.
ManpowerGroup has maintained dividend payments for 31 consecutive years and raised them 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 annually, yielding 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:NOC) operates as a leading aerospace and defense technology company globally. Its segments include Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems, offering a range of products and services from aircraft systems to missile defense solutions and satellites.
Northrop Grumman has raised its dividend for 20 consecutive years. In May, the company announced a 10% hike in its quarterly dividend to $2.06 per share, or $8.24 annually, yielding 1.91%.
The company has beaten consensus EPS and revenue estimates for the last six quarters. Over the past twelve months, Northrop Grumman generated $40.12 billion in revenue and $2.15 billion in net income.
Nexstar 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 dividend payments for 12 consecutive years and raised them for 11 years. In May, the company announced a 25% increase in its quarterly dividend to $1.69 per share, or $6.76 annually, yielding 4.28%.
Over the past twelve 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 earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider.
For instance, Basecamp Alpine Notes offers a target APY of 9% with a term of only three months, making it a powerful short-term cash management tool with incredible flexibility. EquityMultiple has issued 61 Alpine Notes Series and has met all payment and funding 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 out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga’s favorite high-yield offerings.
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This article Looking For Dividend Ideas? Here Is A Diversified Mix originally appeared on Benzinga.com
