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This Month's Bonus Article 3 Data Center Beneficiaries Raising Dividends Up to 60%Reported by Leo Miller. Publication Date: 1/19/2026. 
Quick Look - With load growth set to explode over the next several years, CenterPoint is adding juice to its dividend.
- Bookings growth is soaring in SNX's hyperscaler supply business, with dividends moving up as well.
- Data centers are boosting EME's demand, shares, and dividends.
Dividends are rising at three companies that are benefiting from strong data center demand. Their expertise spans energy generation, server supply, and construction management. Some have boosted payouts by as much as 60%, signaling earnings stability and potential appeal for income investors. Below we review those dividend hikes and the longer-term outlook for each company. CNP's Yield Tops 2% as Load Demand Looks Poised to Soar First up is CenterPoint Energy (NYSE: CNP). The Houston-based regulated utility company posted a strong 2025, delivering a total return of roughly 24%. Data center expansion is supporting CenterPoint's growth: the firm connected 0.5 gigawatts (GW) of data center capacity in 2025 and sees room to expand further. The former CEO of Google calls it the most important thing to happen in 500, maybe 1,000 years of human society. A former U.S. Treasury Secretary says when your great-grandchildren write the history of this period, the political headlines will be the second or third story. The first story is something none of us have seen before. The dot-com collapse, global financial crisis, and COVID-19 pandemic don't compare to what's coming next. We may be entering a period of dramatic, almost unimaginable change. See the full warning and how to prepare now. In the Houston area alone, CenterPoint forecasts its peak load demand to increase by 10 GW by 2031, a roughly 50% rise over six years. The company expects adjusted earnings growth near the mid-to-high end of its 7%–9% range from 2026 to 2028. Gabelli data indicates this is one of the strongest earnings growth targets among U.S. electric utilities over the next few years. Tying in with this outlook, CenterPoint raised its quarterly dividend to $0.23 per share on Dec. 11, a 4.5% increase versus the prior payout. Overall, the stock now carries an indicated dividend yield of about 2.1%. SNX Finds Data Center Demand Through Hyve Division Next is TD SYNNEX (NYSE: SNX). The stock returned just under 30% in 2025. While the company is primarily a distributor of personal computers, mobile phones, and other hardware, its Hyve division designs and delivers custom servers, storage, and networking solutions to the hyperscale infrastructure market. Hyve is a significant growth driver. TD SYNNEX's overall gross billings rose about 10% last quarter, while gross billings at Hyve increased by more than 50%. Management attributes the strength to "broad-based demand in cloud data center infrastructure from our hyperscaler customers." That said, TD SYNNEX is a low-margin IT solutions distributor: its adjusted operating margin last quarter was just under 3%. Alongside its Jan. 8 earnings release, the company announced a 9% increase to its quarterly dividend. The stock's indicated dividend yield is about 1.3%. EME's Dividend Takes a Massive Step Up EMCOR Group (NYSE: EME) is another clear data center beneficiary and had a very strong 2025, delivering a 35% total return. As one of the largest specialty contractors in the U.S., EMCOR is gaining momentum from data center buildouts: remaining performance obligations (RPOs) in its Network and Communications end market jumped to $4.3 billion last quarter, a record and nearly a 100% increase year over year. That outpaced the roughly 70% average revenue increase across the network and communications sector, suggesting EMCOR's strong growth in this area can continue. While acquisitions have helped EMCOR capture data center work, more than 80% of the growth in this segment is organic — a positive sign that the company is expanding from its core operations rather than relying primarily on purchases. On Jan. 2, EMCOR announced a substantial 60% increase to its quarterly dividend, raising the payout to $0.40 per share. Even trading near $700, the yield remains around 0.2%, but EMCOR has more than doubled its dividend over the past two years, showing a clear effort to return capital to shareholders. Watchlist Add: CenterPoint Energy Data center demand is supporting dividend increases at CNP, SNX, and EME. With strong earnings growth expected and an attractive current yield, CenterPoint stands out as a stock to watch going forward.
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