Looking For Yields: Entergy, CubeSmart And Flowers Foods Are Consistent Moneymakers

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Entergy, CubeSmart and Flowers Foods have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of around 3-4%.

Entergy

Entergy Corporation 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.

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The company has increased its dividends consecutively for the last nine years. As per its most recent dividend announcement on Oct. 25, its board of directors raised the quarterly dividend from $1.13 to $1.20 per share, equaling $4.80 annualized. The dividend yield on the stock stands at 3.12%.

Entergy's annual revenue (as of Sept. 30) stood at $11.9 billion. As per the company's most recent earnings announcement on Oct. 31, it posted Q3 2024 revenues of $3.39 billion, missing the consensus estimate of $3.66 billion, while the EPS of $2.99 beat the consensus of $2.97.

See Also: During market downturns, investors are learning that unlike equities, these high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.

CubeSmart

CubeSmart CUBE is a real estate investment trust that acquires, owns and manages self-storage facilities throughout the United States. The company’s portfolio consists of buildings with numerous enclosed storage areas that residential and commercial customers rent, mainly monthly.

CubeSmart has raised its dividends consistently for the last 14 years. According to its most recent dividend hike announcement on Dec. 7, 2023, its board of directors increased the quarterly dividend by 4.1% to $0.51 per share, equaling an annual figure of $2.04 per share. The current dividend yield on the stock stands at 4.29%.

The company's annual revenue (as of Sept. 30) was $1.1 billion. According to its most recent earnings release on Oct. 31, it posted Q3 2024 revenues of $270.89 million, above the consensus estimate of $267.50 million, while the EPS of $0.67 missed the consensus of $0.68.

Check out this article by Benzinga analyzing CubeSmart’s recent short interest.

Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?

Flowers Foods

Flowers Foods FLO produces and markets packaged bakery food products in the United States. The company distributes its products, which include fresh bread, buns, rolls, snack cakes and tortillas, through a direct-store delivery system and a warehouse delivery system and operates bakeries. The key brands are Nature’s Own, Whitewheat, Cobblestone Bread, Wonder, Dave’s Killer Bread, Canyon Bakehouse, Mrs. Freshley’s and Tastykake.

Flowers Foods has increased its dividends every year for the last 10 years. On May 23, the company's most recent dividend hike announcement, its board of directors raised the quarterly dividend by 4.3% to $0.24 per share, which is equal to $0.96 annually. Currently, the dividend yield on the stock stands at 4.31%.

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The company's annual revenue (as of Sept. 30) is $5.1 billion. According to its Q3 earnings announcement on Nov. 8, it posted revenues of $1.19 billion, compared to the consensus estimate of $1.20 billion and an EPS of $0.33, compared to the consensus estimate of $0.29.

Entergy, CubeSmart and Flowers Foods are good choices for investors seeking reliable passive income. Their dividend yields of around 3-4% 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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Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

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