3 Stocks With Growing Dividends

For investors seeking reliable income, companies with a history of strong dividend growth are particularly attractive. Here, we highlight three such companies — NIKE, The Hershey Company, and Evercore Inc.— all of which have recently announced solid dividend hikes.

NIKE

NIKE, Inc. NKE is the world’s leading designer, marketer, and distributor of athletic footwear, apparel, equipment, and accessories for various sports and fitness activities. 

NIKE has maintained dividend payments for 41 consecutive years and has raised its dividend for 22 years. In November 2023, NIKE announced an 8.8% increase in its quarterly dividend to $0.37 per share, or $1.48 annually, yielding 1.58%. 

Over the past twelve months, the company generated $51.6 billion in revenue and $5.2 billion in net income.

The Hershey Company 

The Hershey Company HSY manufactures and sells confectionery products and pantry items globally. Its product lineup includes chocolate and non-chocolate confectionery, gum, mints, protein bars, baking ingredients, toppings, beverages, and various snacks under brands such as Hershey's, Reese's, Kit Kat, Twizzlers, and SkinnyPop. 

The company has increased its dividend for 14 consecutive years. In February, Hershey hiked its quarterly dividend by 15% to $1.37 per share, or $5.48 annually, yielding 2.93%. 

Over the past twelve months, the company reported $11.4 billion in revenue and $2.07 billion in net income.

Evercore  

Evercore Inc. EVR is an independent investment banking advisory firm that operates globally. The firm provides strategic advisory services for mergers and acquisitions, defense, shareholder advisory, private capital markets, and more. Evercore also offers wealth management services to high-net-worth individuals and institutional investors. 

Evercore has maintained dividend payments for 18 consecutive years and has raised its dividend for 17 years. In April, Evercore increased its quarterly dividend by 5% to $0.80 per share, or $3.20 annually, yielding 1.62%. 

Over the last twelve months, Evercore reported $2.4 billion in revenue and $257.8 million in net income.

Are You Missing Out On Higher Yields?

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For instance, the Ascent Income Fund from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-focused investors. First-time investors with EquityMultiple can now invest in the Ascent Income Fund with a reduced minimum of just $5,000.

Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings. 

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