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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Edison International, Cogent Communications and VICI Properties have rewarded their shareholders for several decades and recently announced dividend increases. Furthermore, these companies offer high dividend yields of up to 5%.

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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.

Edison International has increased its dividends every year since 2004. On Dec. 14, 2023, the company announced its most recent dividend hike, raising the quarterly dividend by 5.8% to $0.78 per share, equating to an annual figure of $3.12. The dividend yield on the stock stands at 3.69%.

"Today's 5.8% increase in our dividend reflects the board and management's continued confidence and commitment to delivering 5% to 7% core EPS growth for 2021-2025 and 2025-2028," said Pedro J. Pizarro, president and CEO of Edison International.

The company’s annual revenue (as of June 30) is $16.8 billion. According to its most recent earnings announcement on July 25, it posted revenues of $4.34 billion and an EPS of $1.23 for Q2 2024, both figures beating the consensus estimates.

Check out this article by Benzinga to learn how much it would take to earn $100 a month from Consolidated Edison stock.

Cogent Communications

Cogent Communications (NASDAQ:CCOI) provides high-speed internet access, private network and global data center co-location space services. The company offers on-net internet access and private network services to various sectors, including law firms, financial services, advertising and marketing firms, health care providers and educational institutions. 

The company consecutively raised its dividend for the last 48 quarters. As per its most recent dividend announcement on Aug. 8, its Board of Directors raised the quarterly dividend from $0.975 to $0.985 per share, equaling an annual figure of $3.94. Currently, the dividend yield on the stock stands at 5.12%.

The company's annual revenue (as of June 30) stands at $1.1 billion. According to its most recent earnings report on Aug. 8, it posted Q2 2024 revenues of $260.44 million, below the consensus of $264.41 million and an EPS of ($0.68), better than the consensus estimate of ($1.27). 

Check out this article by Benzinga for seven analysts' insights on Cogent Communications stock.

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VICI Properties

VICI Properties (NYSE:VICI) is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

VICI Properties raised its dividends every year for the last six years. As per its most recent dividend announcement on Sept. 5, its Board of Directors increased the quarterly dividend by 4.2% to $0.4325 per share, or $1.73 annually, yielding 5.34%.

As of June 30, VICI Properties' annual revenue stood at $3.7 billion. According to the company's Q2 2024 earnings release on July 31, it generated revenues of $957 million, beating the consensus estimate of $952.44 million. It also met analyst expectations with EPS of $0.57. 

The company raised its AFFO guidance for 2024, estimating it to be between $2,350 million and $2,370 million, or between $2.24 and $2.26 per diluted common share.

Edison International, Cogent Communications and VICI Properties 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.

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.

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This article Why Edison International, Cogent Communications And VICI Properties Are Winners For Passive Income originally appeared on Benzinga.com