Looking For Yields: CareTrust, Virtus, And TXNM Energy Are Consistent Moneymakers

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. CareTrust, Virtus Investment Partners, and TXNM Energy have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 5%.

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CareTrust REIT

CareTrust REIT Inc. CTRE is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of seniors housing and healthcare-related properties.

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CareTrust REIT has raised its dividends every year for the last 10 years. In its most recent dividend announcement on March 18, the company's board increased its quarterly payout from $0.29 to $0.335 per share, equal to an annual figure of $1.34 per share. The current dividend yield on the stock is 4.78%.

The company’s annual revenue as of March 31 stood at $246.41 million. In its Q1 2025 earnings release on May 1, it posted revenues of $96.62 million and EPS of $0.42, both missing the Street estimates.

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Virtus Investment Partners

Virtus Investment Partners Inc. VRTS is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients.

Virtus has increased its dividends consecutively for the past seven years. In its most recent dividend hike announcement on Aug. 15, it raised its quarterly payout by 18% to $2.25 per share, equaling an annual figure of $9 per share. More recently, in its dividend announcement on May 15, the company maintained the payout at the same level. The current yield on the dividend is 5.11%.

Its annual revenue as of March 31 stood at $898.60 million. According to its most recent earnings report on April 25, the company posted Q1 2025 revenues of $217.93 million and EPS of $5.73, both better than the consensus estimates.

Check out this article by Benzinga for P/E ratio insights for Virtus Investment Partners.

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TXNM Energy

TXNM Energy Inc. TXNM provides electricity and electric services in the U.S.

TXNM has increased its dividends every year for the last 13 years. In its most recent dividend hike announcement on Dec. 3, the company's board raised the quarterly payout by 5.2% to $0.4075 per share, equal to an annual figure of $1.63 per share. More recently, in its dividend announcement on Feb. 25, the company maintained the payout at the same level. The current dividend yield on the stock is 3.07%.

The company's annual revenue as of March 31 stood at $2.02 billion. As per its most recent earnings release on May 9, the company posted Q1 2025 revenues of $482.79 million, beating the consensus of $432.72 million, while EPS of $0.19 came in below the consensus estimate of $0.20.

CareTrust, Virtus Investment Partners, and TXNM Energy are good choices for investors seeking reliable passive income. Their dividend yields of up to 5% 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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