How Cadence Bank, Essential Utilities, And Morgan Stanley Can Put Cash In Your Pocket

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Cadence Bank, Essential Utilities, and Morgan Stanley have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of over 3%.

Cadence Bank

Cadence Bank CADE provides commercial banking and financial services in the U.S.

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Cadence Bank has increased its dividends every year for the last 12 years. In its most recent dividend hike announcement on Jan. 22, the company's board raised the quarterly payout by 10% to $0.275 per share, equal to an annual figure of $1.10 per share. Currently, the dividend yield on the stock is 3.79%.

Cadence Bank’s annual revenue as of Dec. 31 stood at $1.79 billion. In its Q1 2025 earnings report on April 21, the company posted revenues of $448.54 million, missing the consensus estimate of $451.05 million, while EPS of $0.71 came in above the consensus of $0.64.

Check out this article by Benzinga for five analysts' insights on Cadence Bank.

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Essential Utilities

Essential Utilities WTRG operates regulated utilities that provide water, wastewater, and natural gas services in the U.S.

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Essential Utilities has raised its dividends consecutively for the last 33 years. In its most recent dividend hike announcement on July 31, 2024, it increased the quarterly payout by 6% to $0.3255 per share, which is equal to an annual figure of $1.302 per share. More recently, in its dividend announcement on Feb. 19, the company maintained the payout at the same level. The dividend yield on the stock currently stands at 3.23%.

The company’s annual revenue as of Dec. 31 stood at $2.09 billion. As per its Q4 2024 earnings release on Feb. 26, the company posted revenues of $604.38 million and EPS of $0.67, both coming in above the consensus estimates.

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Morgan Stanley

Morgan Stanley MS provides various financial products and services to governments, financial institutions, and individuals in the Americas, Asia, Europe, Middle East, and Africa.

The company has increased its dividends every year for the last 11 years. According to its most recent dividend hike announcement on June 28, 2024, its board raised the quarterly payout from $0.85 to $0.925 per share, which is equal to an annual figure of $3.70 per share. More recently, in its dividend announcement on Jan. 16, the company maintained the payout at the same level. The dividend yield is 3.19%.

The company's annual revenue as of Dec. 31 stood at $57.62 billion. In its most recent earnings report on April 11, the company posted Q1 2025 EPS of $2.60 and revenues of $17.74 billion, both beating the consensus estimates.

Check out this article from Benzinga that decodes Morgan Stanley’s options activity.

Cadence Bank, Essential Utilities, and Morgan Stanley 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.

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