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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Essential Utilities, ManpowerGroup, and Hess Midstream have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3 to 6%.

Essential Utilities

Essential Utilities (NYSE:WTRG) is a Pennsylvania-based holding company for water, wastewater and natural gas distribution utilities. The company's water business serves three million people in eight states. 

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Essential Utilities has raised its dividends consecutively for the last 33 years. In its most recent dividend announcement on July 31, the company increased the quarterly payout by 6% to $0.3255 per share, which is equal to an annual figure of $1.302 per share. Currently, the dividend yield on the stock stands at 3.63%.

The company’s annual revenue as of Sept. 30 stood at $1.96 billion. As per Essential Utilities’ most recent earnings announcement on Nov. 4, the company posted Q3 2024 EPS of $0.25 and revenues of $435.25 million. Both figures beat the consensus estimates.

Check out this article by Benzinga for five analysts' insights on Essential Utilities.

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ManpowerGroup

ManpowerGroup (NYSE:MAN) provides workforce solutions and services, including recruitment, assessment, upskilling, reskilling, training, development, career management, outsourcing and workforce consulting. 

The company has increased its dividend consecutively since 2011. In its most recent dividend hike announcement on May 3, the company's Board of Directors raised its semiannual dividend by 4.8% to $1.54 per share, which is equal to an annual figure of $3.08 per share. The current yield on the dividend is 5.58%.

ManpowerGroup's annual revenue as of Sept. 30 stood at $18.08 billion. According to its most recent earnings release on Jan. 30, the company posted Q4 2024 revenues of $4.40 billion, below the consensus estimate of $4.43 billion, while EPS of $1.02 beat the consensus of $1.

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Hess Midstream 

Hess Midstream LP (NYSE:HESM) owns, operates, develops and acquires a diverse set of midstream assets and provides fee-based services to Hess and third-party customers. 

The company has raised dividends every year for the last eight years. As per its most recent dividend hike announcement on Jan. 27, the company increased the quarterly dividend from $0.6846 to $0.7012, which is equal to $2.80 annually. Currently, the dividend yield on the stock stands at 6.83%. 

Hess Midstream’s annual revenue as of Sept. 30 stood at $1.45 billion. In its most recent earnings release on Jan. 29, the company posted Q4 2024 revenues of $395.90 million, above the consensus estimate of $390.87 million, while EPS of $0.68 was in line with expectations. 

Essential Utilities, ManpowerGroup, and Hess Midstream are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 6% and long history of consistent hikes make them attractive to income-focused investors.

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

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This article Looking For Yields: Essential Utilities, ManpowerGroup, And Hess Midstream Are Consistent Moneymakers originally appeared on Benzinga.com