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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Johnson & Johnson, Chevron, and Flowers Foods have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 5%.
Johnson & Johnson
Johnson & Johnson (NYSE:JNJ) engages in the research and development, manufacture, and sale of various products in the healthcare field worldwide.
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Johnson & Johnson has increased its dividends every year for the last 63 years. In its most recent dividend hike announcement on April 15, its board raised the quarterly payout by 4.80% to $1.30 per share, which is equal to an annual figure of $5.20 per share. Currently, the dividend yield on the stock stands at 3.38%.
Johnson & Johnson's annual revenue as of Dec. 31 stood at $88.82 billion. According to the company’s Q1 2025 earnings release on April 15, it posted revenues of $21.89 billion and EPS of $2.77, both beating the consensus estimates.
Check out this article by Benzinga to learn how the market is feeling about Johnson & Johnson.
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Chevron
Chevron (NYSE:CVX) engages in the integrated energy and chemicals operations in the U.S. and internationally.
Chevron has raised its dividends consecutively for the last 37 years. In its latest dividend announcement on Jan. 31, the company's board increased the quarterly payout by 5% to $1.71 per share, equaling an annual figure of $6.84 per share. Currently, the dividend yield on the stock is 5.05%.
The company's annual revenue as of Dec. 31 stood at $193.41 billion. In its Q4 2024 earnings report on Jan. 31, Chevron posted revenues of $52.23 billion, beating the consensus estimate of $48.41 billion, while EPS of $2.06 came in below the consensus of $2.11.
Check out this article by Benzinga to see how much $100 invested in Chevron five years ago would be worth today.
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Flowers Foods
Flowers Foods (NYSE:FLO) produces and markets packaged bakery food products in the U.S. It distributes its products through a direct-store-delivery distribution and a warehouse delivery system, as well as operates bakeries.