Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Spire, Trinity Industries, and Phillips 66 have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of over 4%.
Spire
Spire Inc. SR engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the U.S.
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The company has raised its dividends consecutively for the last 22 years. In its most recent dividend hike announcement on Nov. 14, the company's board increased the quarterly payout from $0.755 to $0.785 per share, equaling an annual figure of $3.14 per share. More recently, in its dividend announcement on April 24, the company maintained the payout at the same level. The dividend yield on the stock currently stands at 4.13%.
Spire's annual revenue as of March 31 was $2.43 billion. In its Q2 2025 earnings release on April 30, the company posted revenues of $1.05 billion and EPS of $3.60, both missing the consensus estimates.
Check out this article by Benzinga for six analysts’ insights on Spire.
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Trinity Industries
Trinity Industries Inc. TRN provides railcar products and services under the TrinityRail trade name in North America.
Trinity Industries has increased its dividends every year for the last 14 years. As per its most recent dividend hike announcement on Dec. 5, the company raised the quarterly payout from $0.28 to $0.30 per share, equal to an annual figure of $1.20 per share. More recently, in its dividend announcement on March 31, the company maintained the payout at the same level. Currently, the dividend yield is 4.98%.
The company’s annual revenue as of March 31 stood at $2.85 billion. In its most recent earnings release on May 1, it posted Q1 2025 revenues of $585.40 million and EPS of $0.29, both below the consensus estimates.
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Phillips 66
Phillips 66 PSX operates as an energy manufacturing and logistics company in the U.S. and internationally.
Phillips 66 has consistently increased its dividends for the last 13 years. In the company's most recent dividend announcement on April 21, its board raised the quarterly payout from $1.15 to $1.20, equal to an annual figure of $4.80 per share. The current yield on the dividend is 4.55%.
Phillips 66's annual revenue as of March 31 stood at $137.77 billion. In its Q1 2025 earnings report on April 25, it posted a loss of $0.90 per share, worse than the consensus estimate of a loss of $0.72 per share, while revenues of $31.73 billion came in above the consensus of $31.33 billion.
Check out this article by Benzinga for nine analysts' insights on Phillips 66.
Spire, Trinity Industries, and Phillips 66 are good choices for investors seeking reliable passive income. Their dividend yields of over 4% and long history of consistent hikes make them attractive to income-focused investors.
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