Looking For Yields: Comcast, Evergy, And Phillips 66 Are Consistent Moneymakers

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Comcast, Evergy, and Phillips 66 have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 4%.

Comcast

Comcast Corporation CMCSA is a global media and technology company. It delivers broadband, wireless and video through Xfinity, Comcast Business and Sky; produces, distributes and streams entertainment, sports and news through brands including NBC, Telemundo, Universal, Peacock and Sky; and brings theme parks and attractions to life through Universal Destinations & Experiences.

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Comcast has raised its dividends every year for the last 17 years. As per its most recent dividend announcement on Jan. 30, it increased the quarterly dividend by 6.5% to $0.33 per share, which is equal to an annual figure of $1.32 per share. Currently, the dividend yield on the stock stands at 3.98%.

Comcast's annual revenue as of Dec. 31 stood at $123.73 billion. In its most recent earnings announcement on Jan. 30, the company posted Q4 2024 revenues of $31.91 billion and an EPS of $0.96, both of which came in above the consensus estimates.

Several analysts slashed their forecasts on Comcast after Q4 results. Check out this article by Benzinga to learn more.

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Evergy

Evergy Inc. EVRG is a regulated electric utility serving eastern Kansas and Western Missouri. It is also one of the largest wind energy suppliers in the U.S. The utility has a combined rate base of approximately $19 billion, about half in Kansas and the rest split between Missouri and federal jurisdiction. 

Evergy has raised its dividends consecutively for the last seven years. In its most recent dividend hike announcement on Nov. 7, its board increased the quarterly dividend by 4% to $0.6675 per share, equaling $2.67 annually. The dividend yield on the stock currently stands at 4.12%.

Evergy's annual revenue as of Sept. 30 stood at $5.78 billion. According to its Q3 2024 report, the company posted revenues of $1.81 billion, compared with the consensus of $2.15 billion, and EPS of $2.02, compared with the consensus estimate of $1.93.

See Also: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100.

Phillips 66

Phillips 66 PSX operates globally as an energy manufacturing and logistics company through four segments: Midstream, Chemicals, Refining and Marketing and Specialties. 

Phillips 66 has consistently raised its dividends for the last 13 years. According to the company’s most recent dividend hike announcement on April 3, it raised the quarterly dividend by 10% to $1.15, equating to an annual figure of $4.60 per share. The current yield on the dividend is 3.90%.

Phillips 66’s annual revenue as of Sept. 30 stood at $147.74 billion. In its most recent earnings announcement on Jan. 31, it posted Q4 2024 EPS of ($0.15), above the consensus estimate of ($0.23), while revenues of $33.99 billion came in above the consensus of $35.77 billion.

Comcast, Evergy, and Phillips 66 are good choices for investors seeking reliable passive income. Their dividend yields of around 4% and long history of consistent hikes make them attractive to income-focused investors.

Check out this article by Benzinga for 3 more stocks offering high dividend yields.

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