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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Flowers Foods, Archer-Daniels-Midland, and CMS Energy have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 5%.

Flowers Foods

Flowers Foods (NYSE:FLO) produces and markets packaged bakery food products in the U.S. The company distributes its products, which include fresh bread, buns, rolls, snack cakes and tortillas, through a direct-store delivery system and a warehouse delivery system and operates bakeries. 

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Flowers Foods has increased its dividends consecutively for the last 11 years. In its most recent dividend hike announcement on May 23, the company raised the quarterly payout by 4.3% to $0.24 per share, which is equal to an annual figure of $0.96 per share. Currently, the dividend yield on the stock stands at 5.13%.

The company's annual revenue as of Sept. 30 stood at $5.12 billion. According to its most recent earnings release on Feb. 7, the company posted Q4 2024 revenues of $1.11 billion, missing the consensus estimate of $1.13 billion, while EPS of $0.22 came in above the Street's view of $0.21.

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Archer-Daniels-Midland

Archer-Daniels-Midland (NYSE:ADM) procures, transports, stores, processes and merchandises agricultural commodities, ingredients, flavors and solutions globally. 

The company has increased its dividends every year for the last 52 years. In its most recent dividend hike announcement on Feb. 4, its board raised the quarterly payout by 2% to $0.51 per share, equal to an annual figure of $2.04 per share. The company's dividend yield currently stands at 4.39%.

The company’s annual revenue as of Sept. 30 stood at $87.01 billion. As per its most recent earnings announcement on Feb. 4, the company posted Q4 2024 EPS of $1.14 and revenues of $21.50 billion. Both figures came in below the consensus estimates.

How to put $100 in your retirement fund each month with Archer-Daniels-Midland stock? Check out this article by Benzinga to learn more. 

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CMS Energy

CMS Energy (NYSE:CMS) operates as an energy company primarily in Michigan. 

The company has raised its dividends every year for the last 18 years. In its most recent dividend hike announcement on Feb. 6, its board increased the quarterly payout from $0.515 to $0.5425 per share, or $2.17 annualized. Currently, the dividend yield is 3.12%.

CMS Energy’s annual revenue as of Sept. 30 stood at $7.48 billion. As per the company's Q4 2024 earnings report on Feb. 6, it generated revenues of $1.99 billion, missing the consensus estimate of $2.13 billion, and EPS of $0.87, in line with expectations.

Flowers Foods, Archer-Daniels-Midland, and CMS Energy are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 5% and long history of consistent hikes make them attractive to income-focused investors.

Check out this article by Benzinga for 3 more stocks offering high dividend yields. 

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This article Why Flowers Foods, Archer-Daniels-Midland, And CMS Energy Are Winners For Passive Income originally appeared on Benzinga.com