How Exxon Mobil, IDACORP And Amcor Can Put Cash In Your Pocket

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Exxon Mobil, IDACORP and Amcor have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3-5%.

Exxon Mobil 

Exxon Mobil Corporation XOM is a global leader in the energy sector. It focuses on the exploration, production and sale of crude oil and natural gas. The company operates through the Upstream, Energy Products, Chemical Products and Specialty Products segments, offering products ranging from fuels and lubricants to petrochemicals. 

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Exxon Mobil has increased its dividends consecutively for the last 42 years. In its most recent dividend hike announcement on Nov. 1, the company raised the quarterly dividend by 4% to $0.99 per share, equal to an annual figure of $3.96 per share. Currently, the dividend yield on the stock stands at 3.53%.

Exxon Mobil's annual revenue (as of Sept. 30, 2024) stood at $339.88 billion. As per its most recent earnings release on Nov. 1, the company posted Q3 2024 revenues of $90.02 billion, below the consensus of $93.94 billion, while the EPS of $1.92 came in above the consensus estimate of $1.88. 

Check out this article by Benzinga, which looks at Exxon Mobil’s recent unusual options activity.

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IDACORP

IDACORP, Inc. 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. 

IDACORP has increased its dividend every year for the last 13 years. According to its most recent dividend hike announcement on Sept. 20, it raised the quarterly dividend from $0.83 to $0.86 per share, which is equal to an annual figure of $3.44 per share. The dividend yield on the stock currently stands at 3.12%. 

The company's annual revenue (as of Sept. 30, 2024) stood at $1.84 billion. In its Q3 2024 earnings release on Oct. 31, the company reported an EPS of $2.12 and revenues of $528.53 million. Both figures missed consensus estimates.

See Also: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?

Amcor

Amcor plc AMCR develops, produces and sells packaging products in Europe, North America, Latin America and the Asia Pacific.

The company has raised its dividends every year for the last five years. In its most recent dividend hike announcement on Oct. 31, its board of directors increased the quarterly dividend to $0.1275 per share, compared to $0.1250 per share in the same quarter last year. The dividend yield on the stock currently stands at 5.26%.

Amcor's annual revenue (as of Sept. 30, 2024) stood at $13.55 billion. The company's most recent earnings release on Oct. 31 generated Q1 2025 revenues of $3.35 billion, below the consensus of $3.49 billion and an EPS of $0.16, in line with expectations.

How much would it take to earn $100 a month from Amcor stock? Check out this article by Benzinga to learn more.

Exxon Mobil, IDACORP and Amcor are good choices for investors seeking reliable passive income. Their dividend yields of around 3-5% and long history of consistent hikes make them attractive to income-focused investors.

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