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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. IDACORP, Gilead Sciences and Fifth Third Bancorp have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of over 3%.

IDACORP

IDACORP (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. 

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The company has increased its dividend every year since 2011. As per its most recent dividend hike announcement on Sept. 20, it raised the quarterly dividend from $0.83 to $0.86 per share, equal to an annual figure of $3.44 per share. The dividend yield on the stock currently stands at 3.03%. 

IDACORP’s annual revenue (as of Sept. 30) stood at $1.8 billion. According to its most recent earnings release on Oct. 31, the company reported Q3 2024 EPS of $2.12 and revenues of $528.53 million. Both of these figures came in below the consensus estimates.

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Gilead Sciences

Gilead Sciences (NASDAQ:GILD) develops and markets therapies to treat life-threatening infectious diseases. The core of its portfolio focuses on HIV and hepatitis B and C. 

The company has raised its dividends every year for the last eight years. On Feb. 6, its board of directors announced its most recent dividend hike, increasing the quarterly dividend by 2.7% to $0.77, which is equal to $3.08 annualized. The current dividend yield on the stock stands at 3.40%.

The company’s annual revenue (as of Sept. 30) stood at $28.3 billion. As per Gilead Sciences’ most recent earnings announcement on Nov. 6, it posted revenues of $7.54 billion and EPS of $2.02 for Q3 2024, both beating the consensus estimates.

Check out this article by Benzinga for 27 analysts' insights on Gilead Sciences.

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Fifth Third Bancorp

Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company with over $200 billion in assets and numerous full-service banking branches and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina.

The company has increased its dividends every year for the last nine years. According to its most recent dividend announcement on Sept. 12, its board of directors raised the quarterly dividend by 6% to $0.37 per share, which is equal to an annual figure of $1.48 per share. The dividend yield on the stock stands at 3.18%.

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Fifth Third Bancorp’s annual revenue (as of Sept. 30) stood at $8.2 billion. According to the company’s most recent earnings announcement on Oct. 18, the company generated Q3 2024 revenues of $2.14 billion, compared to the consensus of $2.16 billion and an EPS of $0.85, compared to the consensus estimate of $0.83.

How is the market feeling about Fifth Third Bancorp? Check out this article by Benzinga to learn more.

IDACORP, Gilead Sciences and Fifth Third Bancorp are good choices for investors seeking reliable passive income. Their dividend yields of over 3% and long history of consistent hikes make them attractive to income-focused investors.

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This article Looking For Yields: IDACORP, Gilead Sciences and Fifth Third Bancorp Are Consistent Moneymakers originally appeared on Benzinga.com