Looking For Yields: Delek Logistics, Edison International And Shutterstock Are Consistent Moneymakers
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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Delek Logistics Partners, Edison International and Shutterstock have rewarded shareholders for many years and recently announced dividend increases. These companies currently offer dividend yields of up to 11%.
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Delek Logistics Partners
Delek Logistics Partners (NYSE:DKL) owns and operates logistics and marketing assets for crude oil and intermediate & refined products.
Delek Logistics Partners has consistently raised its dividends since 2013. On Oct. 29, in the company’s most recent dividend announcement, its board of directors increased the quarterly dividend from $1.09 to $1.10 per share, equal to $4.40 annualized. Currently, the dividend yield on the stock stands at 11.3%.
Delek Logistics Partners' annual revenue (as of Sept. 30) stood at $984.9 million. According to the company's most recent earnings announcement on Nov. 6, it posted Q3 2024 revenues of $214.07 million and an EPS of $0.71. Both figures missed consensus estimates.
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Edison International
Edison International (NYSE:EIX) is one of the nation’s largest electric utility holding companies, focused on providing clean and reliable energy through its independent companies. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility delivering electricity to 15 million people across Southern, Central and Coastal California.
The company has raised its dividends every year for the last twenty years. On Dec. 14, 2023, its board of directors announced its most recent dividend hike: a 5.8% increase in the quarterly dividend to $0.78 per share, which is equal to an annual figure of $3.12. The dividend yield on the stock currently stands at 3.80%.
Edison International's annual revenue (as of Sept. 30) is $17.3 billion. As per the company's most recent earnings release on Oct. 29, it posted Q3 2024 revenues of $5.20 billion and an EPS of $1.51. Both figures came in above consensus estimates.