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For investors looking for reliable income, companies with a history of steady dividend growth are highly appealing. Here, we highlight three companies—Morgan Stanley, Equinix, and Voya Financial—that have not long ago announced significant dividend hikes.
Morgan Stanley
Morgan Stanley (NYSE:MS) is a leading global financial services firm offering investment banking, securities, wealth management, and investment management services. With offices in 42 countries, it serves clients worldwide, including corporations, governments, institutions, and individuals.
Morgan Stanley has maintained dividend payments for 32 consecutive years and increased them for the last 10 years. In June 2023, the company raised its quarterly dividend by 9.6% to $0.85 per share, or $3.40 annually, yielding 3.48%.
The company has beaten EPS and revenue estimates for the last six quarters. Over the past twelve months, Morgan Stanley generated $54.47 billion in revenue and $9.5 billion in net income.
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Equinix
Equinix (NASDAQ:EQIX) is the world’s digital infrastructure company, enabling organizations to interconnect foundational infrastructure at software speed. It supports digital leaders in scaling operations, launching services, and achieving sustainability goals.
Equinix has raised its dividend for 7 consecutive years. In October 2023, the company hiked its quarterly dividend by 24.9% to $4.26 per share, or $17.04 annually, yielding 2.20%.
Over the past twelve months, Equinix generated $7.88 billion in revenue and $941.2 million in net income.
Voya Financial
Voya Financial, Inc. (NYSE:VOYA) provides workplace benefits and savings products through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers retirement products, wealth management services, and financial advisory services. The Health Solutions segment provides various insurance products, including stop loss, group life, and disability insurance. The Investment Management segment offers fixed income, equity, and alternative products.
Voya Financial has maintained dividend payments for 12 consecutive years and increased them for the last 5 years. In July, the company raised its quarterly dividend by 100% to $0.40 per share, or $1.60 annually, yielding 2.21%.
Over the past twelve months, Voya Financial generated $7.56 billion in revenue and $793 million in net income.
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This article Morgan Stanley, Equinix And Voya Financial Announce Major Dividend Hikes originally appeared on Benzinga.com
Source: finance.yahoo.com
