Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Evergy, Virtus Investment Partners, and Exxon Mobil have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 5%.
Evergy
Evergy Inc. EVRG generates, transmissions, distributes, and sells electricity in the U.S.
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Evergy has raised its dividends every year for the last seven years. In its most recent dividend hike announcement on Nov. 7, the company's board increased the quarterly payout by 4% to $0.6675 per share, equal to an annual figure of $2.67 per share. More recently, in its dividend announcement on May 8, the company maintained the payout at the same level. The current dividend yield on the stock is 4%.
Evergy's annual revenue as of March 31 stood at $5.89 billion. In its Q1 2025 earnings release on May 8, it posted revenues of $1.38 billion, beating the consensus estimate of $1.02 billion, while EPS of $0.54 came in below the consensus of $0.67.
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Virtus Investment Partners
Virtus Investment Partners Inc. VRTS is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients.
Virtus has raised its dividends consecutively for the last seven years. In its most recent dividend hike announcement on Aug. 15, its board increased the quarterly payout by 18% to $2.25 per share, which is 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 current yield on the dividend stands at 5.24%.
Its annual revenue as of March 31 stood at $898.60 million. The company on April 25 posted Q1 2025 revenues of $217.93 million and EPS of $5.73, both coming in above the consensus estimates.
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Exxon Mobil
Exxon Mobil Corp. XOM is a multinational oil and gas company. It’s one of the world’s largest publicly traded international energy and petrochemical companies.
Exxon Mobil has raised its dividends consecutively for the last 42 years. As per its most recent dividend hike announcement on Nov. 1, the company increased the quarterly payout by 4% to $0.99 per share, equal to an annual figure of $3.96 per share. More recently, in its quarterly earnings announcement on May 2, the company maintained the payout at the same level. The current dividend yield is 3.47%.
Exxon Mobil's annual revenue as of March 31 stood at $339.89 billion. In its Q1 2025 earnings report on May 2, the company posted revenues of $83.13 billion, below the consensus estimate of $86.09 billion, while EPS of $1.76 beat the consensus of $1.70.
Evergy, Virtus Investment Partners, and Exxon Mobil are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 5% and long history of consistent hikes make them attractive to income-focused investors.
Check out this article by Benzinga for three more stocks offering high dividend yields.
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