Why Best Buy, Entergy, And Kimberly-Clark Are Winners For Passive Income

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Best Buy, Entergy, and Kimberly-Clark have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3-4%.

Best Buy

Best Buy Co. Inc. BBY is the world’s largest specialty consumer electronics retailer. It operates over 1,000 retail stores in North America and has over 85,000 employees.

Best Buy has increased its dividends every year for the last 11 years. In its most recent dividend hike announcement on Feb. 29, 2024, its board of directors raised the quarterly payout by 2% to $0.94 per share, equating to $3.76 annually. Currently, the dividend yield is 4.33%.

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The company’s annual revenue as of Oct. 31 stood at $42.23 billion. As per its most recent earnings release on Nov. 26, it posted Q3 2025 revenues of $9.45 billion and EPS of $1.26. Both figures came in below the consensus estimates. 

Check out this article by Benzinga for 12 analysts' insights on Best Buy.

Entergy

Entergy Corporation ETR engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes and sells electric power in portions of Arkansas, Louisiana, Mississippi and Texas and distributes natural gas.

Entergy has raised its dividends consecutively for the last 10 years. According to its most recent dividend hike announcement on Oct. 25, it raised the quarterly payout from $1.13 to $1.20 per share, which is equal to an annual figure of $4.80 per share. The dividend yield on the stock currently stands at 3.09%.

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The company's annual revenue as of Sept. 30) stood at $11.86 billion. In its most recent earnings release on Oct. 31, Entergy posted Q3 2024 revenues of $3.39 billion, below the consensus estimate of $3.66 billion, while EPS of $2.99 came in above the consensus of $2.97.

Kimberly-Clark

Kimberly-Clark Corporation KMB manufactures and markets personal care and consumer tissue products in the United States and internationally. 

It has raised its dividends every year for the last 53 years. In its most recent dividend announcement on Jan. 28, the company increased the quarterly payout by 3.3% to $1.26 per share, or $5.04 annualized. The dividend yield on the stock stands at 3.89%.

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Kimberly-Clark's annual revenue as of Sept. 30 stood at $20.10 billion. As per the company's Q4 2024 earnings announcement on Jan. 28, it posted revenues of $4.93 billion, above the consensus estimate of $4.86 billion, while EPS of $1.50 missed the consensus of $1.51.

Check out this article by Benzinga to learn how to put $100 in your retirement fund each month with Kimberly-Clark stock.

Best Buy, Entergy, and Kimberly-Clark 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.

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