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For investors seeking reliable income, companies with a history of strong dividend growth are particularly attractive. Here, we highlight three such companies — NIKE, The Hershey Company, and Evercore Inc.— all of which have recently announced solid dividend hikes.

NIKE

NIKE, Inc. (NYSE:NKE) is the world’s leading designer, marketer, and distributor of athletic footwear, apparel, equipment, and accessories for various sports and fitness activities.

NIKE has maintained dividend payments for 41 consecutive years and has raised its dividend for 22 years. In November 2023, NIKE announced an 8.8% increase in its quarterly dividend to $0.37 per share, or $1.48 annually, yielding 1.58%.

Over the past twelve months, the company generated $51.6 billion in revenue and $5.2 billion in net income.

The Hershey Company 

The Hershey Company (NYSE:HSY) manufactures and sells confectionery products and pantry items globally. Its product lineup includes chocolate and non-chocolate confectionery, gum, mints, protein bars, baking ingredients, toppings, beverages, and various snacks under brands such as Hershey's, Reese's, Kit Kat, Twizzlers, and SkinnyPop.

The company has increased its dividend for 14 consecutive years. In February, Hershey hiked its quarterly dividend by 15% to $1.37 per share, or $5.48 annually, yielding 2.93%.

Over the past twelve months, the company reported $11.4 billion in revenue and $2.07 billion in net income.

Evercore

Evercore Inc. (NYSE:EVR) is an independent investment banking advisory firm that operates globally. The firm provides strategic advisory services for mergers and acquisitions, defense, shareholder advisory, private capital markets, and more. Evercore also offers wealth management services to high-net-worth individuals and institutional investors.

Evercore has maintained dividend payments for 18 consecutive years and has raised its dividend for 17 years. In April, Evercore increased its quarterly dividend by 5% to $0.80 per share, or $3.20 annually, yielding 1.62%.

Over the last twelve months, Evercore reported $2.4 billion in revenue and $257.8 million in net income.

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This article 3 Stocks With Growing Dividends originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.