Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Morgan Stanley, Microchip Technology and Philip Morris have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of around 3-4%.
Morgan Stanley
Morgan Stanley MS is a financial holding company that provides various financial products and services to corporations, governments, financial institutions and individuals globally.
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Morgan Stanley has increased its dividends every year for the last 11 years. According to its most recent dividend announcement on June 28, it raised the quarterly dividend from $0.85 to $0.925 per share, equal to an annual figure of $3.70 per share. Currently, the dividend yield on the stock stands at 3.06%.
The company's annual revenue (as of Sept. 30) stood at $54.6 billion. According to its most recent earnings release on Oct. 16, the company posted Q3 2024 EPS of $1.88 and revenues of $15.38 billion. Both figures were above the consensus estimates.
Check out this article by Benzinga for 13 analysts' insights on Morgan Stanley.
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Microchip Technology
Microchip Technology MCHP develops, manufactures and sells smart, connected and secure embedded control solutions globally. The company offers a range of microcontrollers and microprocessors for applications in automotive, industrial, computing, communications and other sectors.
The company has consistently raised dividends since 2003. According to Microchip's most recent dividend announcement on Nov. 5, its board of directors raised the quarterly dividend by 3.6% to $0.455 per share or $1.82 annually. The dividend yield on the stock stands at 3.24%.
The company's annual revenue (as of Sept. 30) stood at $5.5 billion. According to its most recent earnings announcement on Nov. 5, it generated Q2 2025 revenues of $1.16 billion and an EPS of $0.46. Both figures were above the consensus estimates.
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Philip Morris
Philip Morris International PM is one of the world's leading tobacco companies, selling cigarettes and reduced-risk products, including heatsticks, vapes and oral nicotine offerings, primarily outside of the U.S.
The company has raised its dividends every year since 2008. As per the company’s most recent dividend hike announcement on Sept. 12, it raised the quarterly dividend from $1.30 to $1.35 per share, equal to an annual figure of $5.40 per share. The current yield on the dividend stands at 4.34%.
Philip Morris’ annual revenue (as of Sept. 30) stood at $37.2 billion. According to its most recent earnings announcement on Oct. 22, it generated Q3 2024 revenues of $9.91 billion and an EPS of $1.91. Both figures were above the consensus estimates.
Morgan Stanley, Microchip Technology and Philip Morris are good choices for investors seeking reliable passive income. Their dividend yields of around 3-4% 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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