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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Exxon Mobil, IDACORP and Amcor have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3-5%.
Exxon Mobil
Exxon Mobil Corporation (NYSE:XOM) is a global leader in the energy sector. It focuses on the exploration, production and sale of crude oil and natural gas. The company operates through the Upstream, Energy Products, Chemical Products and Specialty Products segments, offering products ranging from fuels and lubricants to petrochemicals.
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Exxon Mobil has increased its dividends consecutively for the last 42 years. In its most recent dividend hike announcement on Nov. 1, the company raised the quarterly dividend by 4% to $0.99 per share, equal to an annual figure of $3.96 per share. Currently, the dividend yield on the stock stands at 3.53%.
Exxon Mobil's annual revenue (as of Sept. 30, 2024) stood at $339.88 billion. As per its most recent earnings release on Nov. 1, the company posted Q3 2024 revenues of $90.02 billion, below the consensus of $93.94 billion, while the EPS of $1.92 came in above the consensus estimate of $1.88.
Check out this article by Benzinga, which looks at Exxon Mobil’s recent unusual options activity.
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IDACORP
IDACORP, Inc. (NYSE:IDA) is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity. The company operates 17 hydropower-generating plants in southern Idaho and eastern Oregon, three natural gas-fired plants in southern Idaho and is invested in two coal-fired steam electric generating plants in Wyoming and Nevada.
IDACORP has increased its dividend every year for the last 13 years. According to its most recent dividend hike announcement on Sept. 20, it raised the quarterly dividend from $0.83 to $0.86 per share, which is equal to an annual figure of $3.44 per share. The dividend yield on the stock currently stands at 3.12%.