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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%.
CareTrust REIT Inc. (NYSE: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 Inc. (NYSE: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 Inc. (NYSE:TXNM) provides electricity and electric services in the U.S.
