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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. PepsiCo, Portland General Electric, and WesBanco have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of 3% to 4%.
PepsiCo
PepsiCo (NASDAQ:PEP) is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos and Doritos.
PepsiCo has raised its dividends consecutively for the past 52 years. In its most recent dividend announcement on Feb. 5, the company increased the quarterly dividend by 7% to $1.355, equal to $5.42 annually. Currently, the dividend yield on the stock is 3.78%.
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PepsiCo’s annual revenue as of Sept. 30 stood at $91.92 billion. According to its most recent earnings release on Feb. 4, the company posted Q4 2024 EPS of $1.96, beating the consensus estimate of $1.94, while revenues of $27.78 billion missed the consensus of $27.89 billion.
Check out this article by Benzinga, which looks into PepsiCo's recent short interest.
Portland General Electric
Portland General Electric (NYSE:POR) is a regulated electric utility in Oregon that provides electricity generation, wholesale purchase, transmission, distribution and retail sales. It operates six thermal plants, three wind farms and seven hydroelectric facilities.
Portland General Electric has increased its dividends every year for the last 19 years. As per its most recent dividend hike announcement on April 19, the company raised the quarterly payout by 5.3% to $0.50 per share, which is equal to $2 per share annually. The current dividend yield on the stock is 4.80%.
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The company’s annual revenue as of Sept. 30 stood at $3.34 billion. In its most recent earnings report on Feb. 14, it posted revenues of $837 million and EPS of $0.36 for Q4 2024. Both figures came in above the consensus estimates.