Why Virtus Investment Partners, Cadence Bank, And Cogent Communications Are Winners For Passive Income

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02-08-2025

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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Virtus Investment Partners, Cadence Bank, and Cogent Communications have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 8%.
Virtus Investment Partners
Virtus Investment Partners Inc. (NYSE:VRTS) is an asset management company that provides investment products and services to individual and institutional clients.
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Virtus has increased its dividends every year for the last seven years. In its most recent dividend hike announcement on Aug. 15, it raised the quarterly payout by 18% to $2.25 per share, equal to 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 dividend yield on the stock stands at 4.55%.
Its annual revenue as of March 31 stood at $898.60 million. The company on July 25 posted Q2 2025 revenues of $210.53 million and EPS of $6.25, both beating expectations.
Check out this article by Benzinga for five analysts' insights on Virtus Investment Partners.
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Cadence Bank
Cadence Bank (NYSE:CADE) provides commercial banking and financial services in the U.S.
Cadence Bank has raised its dividends consecutively for the last 12 years. In its most recent dividend hike announcement on Jan. 22, its board increased the quarterly payout by 10% to $0.275 per share, equaling an annual figure of $1.10 per share. More recently, in its dividend announcement on July 23, the company maintained the payout at the same level. Currently, the dividend yield is 3.02%.
Cadence Bank's annual revenue as of Dec. 31 stood at $1.79 billion. The company on July 23 posted Q2 2025 revenues of $476.32 million and EPS of $0.73, both coming in above the consensus estimates.
Check out this article by Benzinga for four analysts' insights on Cadence Bank.Cogent Communications
Cogent Communications Holdings Inc. (NASDAQ:CCOI) provides high-speed Internet access, private network, and data center colocation space services globally.
Cogent Communications has raised its dividend every year for the last 51 years. In its most recent dividend announcement on May 8, the company increased the quarterly payout from $1.005 to $1.01 per share, equal to an annual figure of $4.04 per share. The dividend yield on the stock currently stands at 8.27%.
The company's annual revenue as of March 31 stood at $1.02 billion. Cogent on May 8 posted Q1 2025 revenues of $247.05 million, below the consensus estimate of $250.81 million, while the per-share loss of $1.09 beat the consensus of $1.11 loss per share.
Virtus Investment Partners, Cadence Bank, and Cogent Communications are good choices for investors seeking reliable passive income. Their dividend yields of up to 8% and long history of consistent hikes make them attractive to income-focused investors.
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This article Why Virtus Investment Partners, Cadence Bank, And Cogent Communications Are Winners For Passive Income originally appeared on Benzinga.com