Yahoo Finance

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Philip Morris, Alliant Energy, and Restaurant Brands International have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of over 3%.

Philip Morris

Philip Morris International Inc. (NYSE:PM) operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

Don't Miss:

• Hasbro, MGM, and Skechers trust this AI marketing firm — Invest at $0.60/share before it's too late.

• Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.30/share!

Philip Morris has increased its dividends every year for the past 17 years. In its most recent dividend hike announcement on Sept. 12, the company's board raised the quarterly payout from $1.30 to $1.35 per share, equal to an annual figure of $5.40 per share. More recently, in its dividend announcement on March 6, the company maintained the payout at the same level. The current dividend yield is 3.30%.

The company's annual revenue as of March 31 stood at $38.39 billion. In its Q1 2025 earnings report on April 23, it posted revenues of $9.30 billion and EPS of $1.69, both beating the consensus estimates.

Check out this article by Benzinga to learn how much a $1000 invested in Philip Morris stock 5 years ago would be worth today.

Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.

Alliant Energy

Alliant Energy Corp. (NASDAQ:LNT) operates as a utility holding company that provides regulated electric and natural gas services in the U.S.

The company has increased its dividends consecutively for the last 21 years. In its most recent dividend hike announcement on Jan. 17, it raised the quarterly payout from $0.48 to $0.5075 per share, which is equal to an annual figure of $2.03 per share. More recently, in its dividend announcement on April 2, the company maintained the payout at the same level. The current dividend yield on the stock is 3.36%.

Alliant Energy's annual revenue as of March 31 stood at $4.08 billion. According to the company's Q1 2025 earnings report on May 8, it posted revenues of $1.13 billion and EPS of $0.83, both beating the consensus estimates.