Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Saturday, July 5
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»Why Best Buy, Stanley Black & Decker And Essential Utilities Are Winners For Passive Income
    Utilities

    Why Best Buy, Stanley Black & Decker And Essential Utilities Are Winners For Passive Income

    October 21, 20244 Mins Read


    Why Best Buy, Stanley Black & Decker And Essential Utilities Are Winners For Passive Income

    Why Best Buy, Stanley Black & Decker And Essential Utilities Are Winners For Passive Income

    Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

    Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Best Buy, Stanley Black & Decker and Essential Utilities have rewarded their shareholders for several decades and recently announced dividend increases. Furthermore, these companies offer high dividend yields of over 3%.

    Don’t Miss Out:

    Best Buy

    Best Buy (NYSE:BBY) is the world’s largest specialty consumer electronics retailer. It operates over 1,000 retail stores in North America and has over 85,000 employees.

    Best Buy has consistently raised its dividends every year since 2014. On Feb. 29, its Board of Directors announced its most recent dividend hike: a 2% increase in the quarterly dividend to $0.94 per share, equating to $3.76 annually. The current yield on the dividend stands at 3.86%.

    The company’s annual revenue (as of July 31) is $42.5 billion. According to its most recent earnings release on Aug. 29, it posted Q2 2025 revenues of $9.29 billion and an EPS of $1.34. Both figures were above the consensus estimates.

    “Today, we are reporting better-than-expected sales and profitability results for the second quarter,” said Corie Barry, Best Buy CEO. “We delivered strong results in our Domestic tablet and computing categories, which together posted comparable sales growth of 6% versus last year. With our market position, expert sales associates and compelling merchandising, we capitalized on the demand driven by customers’ desire to replace or upgrade their products combined with innovation.”

    Stanley Black & Decker

    Stanley Black & Decker, Inc. (NYSE:SWK) is a worldwide leader in Tools and Outdoor, operating manufacturing facilities globally. The company’s approximately 50,000 diverse and high-performing employees produce innovative, end-user-inspired power tools, hand tools, storage, digital jobsite solutions, outdoor and lifestyle products and engineered fasteners to support the world’s builders, tradespeople and DIYers.

    Stanley Black & Decker has increased its dividends yearly for the last 56 years. According to the company’s most recent dividend announcement on July 25, the quarterly dividend was raised from $0.81 to $0.82 per share, which is equal to an annual figure of $3.28 per share. The current yield on the dividend is 3.07%.

    The company’s annual revenue (as of June 30) is $15.6 billion. According to its most recent earnings release on July 30, it generated Q2 2024 revenues of $4.02 billion, matching Street expectations and an EPS of $1.09, beating the consensus of $0.84.

    Check out this article by Benzinga, which highlights Stanley Black & Decker’s recent short interest.

    Trending: This billion-dollar fund has invested in the next big real estate boom, here’s how you can join for $10.
    This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund’s prospectus. Read them carefully before investing.

    Essential Utilities

    Essential Utilities, Inc. (NYSE:WTRG) is a Pennsylvania-based holding company for water, wastewater and natural gas distribution utilities. The company’s water business serves three million people in eight states.

    The company has raised its dividends consistently for the last 33 years. Essential Utilities’ most recent dividend announcement on July 31 increased the quarterly dividend by 6% to $0.3255 per share, equal to $1.302 annually. Currently, the company’s dividend yield is 3.39%.

    Essential Utilities’ annual revenue (as of June 30) is $1.9 billion. According to its most recent earnings announcement on Aug. 5, the company posted Q2 2024 EPS of $0.28 and revenues of $434.41 million. Both figures missed the consensus estimates.

    Check out this article by Benzinga for five analysts’ insights on Essential Utilities stock.

    Best Buy, Stanley Black & Decker and Essential Utilities are good choices for investors seeking reliable passive income. Their dividend yields of over 3% and long history of consistent hikes make them attractive to income-focused investors.

    Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

    Keep Reading:

    This article Why Best Buy, Stanley Black & Decker And Essential Utilities Are Winners For Passive Income originally appeared on Benzinga.com



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin: The psychology behind BTC’s boom, and why $73K is calling
    Next Article Bitcoin at 3-month high as Trump odds drive currencies By Reuters

    Related Posts

    Utilities

    United Utilities : Changement d’opinion, de Réduire à Acheter

    July 4, 2025
    Utilities

    Canadian Utilities Limited: Analyse Fondamentale et Notations Financières | CDUL.Y | US1367175841

    July 3, 2025
    Utilities

    Utilities, communication services stocks drag Sri Lankan shares – Markets

    July 3, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Property

    Portugal’s Property Market Predicted to Grow at Over Twice the Rate of EU, UK, and North America Until 2027

    May 22, 2025
    Property

    Market Reaction and Industry Insights, ET RealEstate

    June 11, 2025
    Finance

    Ma minute finance : comptes joints ou comptes séparés, que choisir ?

    June 15, 2025
    What's Hot

    US looks to resurrect more nuclear reactors, White House adviser says

    October 8, 2024

    Kamala and Crypto? How Biden’s Potential Replacements Feel About Bitcoin

    July 20, 2024

    Bitcoin Gearing Up for ‘Monstrous’ Breakout Amid Shallower Dips, Says Top Analyst – Here’s His Outlook

    October 27, 2024
    Most Popular

    Salesforce president Brian Millham sells $277,676 in stock By Investing.com

    October 25, 2024

    les fondamentaux de l’or restent bons

    September 4, 2007

    US election results 2024: US election 2024 results prediction: Donald Trump, Kamala Harris’ White House race may be decided by these factors. Details here

    October 9, 2024
    Editor's Picks

    Springs Utilities proposing gas rate increase, could go into effect in April

    March 19, 2025

    Bitcoin Hasn’t Reached Bull Cycle Top Yet, Quant Explains Why

    July 16, 2024

    l’histoire inspirante de Carole Benaroya, co-fondatrice de Kujten

    March 26, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.