Why PepsiCo, Portland General Electric, And WesBanco Are Winners For Passive Income

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. PepsiCo, Portland General Electric, and WesBanco have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of 3% to 4%.

PepsiCo

PepsiCo PEP is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos and Doritos. 

PepsiCo has raised its dividends consecutively for the past 52 years. In its most recent dividend announcement on Feb. 5, the company increased the quarterly dividend by 7% to $1.355, equal to $5.42 annually. Currently, the dividend yield on the stock is 3.78%.

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PepsiCo’s annual revenue as of Sept. 30 stood at $91.92 billion. According to its most recent earnings release on Feb. 4, the company posted Q4 2024 EPS of $1.96, beating the consensus estimate of $1.94, while revenues of $27.78 billion missed the consensus of $27.89 billion.

Check out this article by Benzinga, which looks into PepsiCo's recent short interest. 

Portland General Electric 

Portland General Electric POR is a regulated electric utility in Oregon that provides electricity generation, wholesale purchase, transmission, distribution and retail sales. It operates six thermal plants, three wind farms and seven hydroelectric facilities. 

Portland General Electric has increased its dividends every year for the last 19 years. As per its most recent dividend hike announcement on April 19, the company raised the quarterly payout by 5.3% to $0.50 per share, which is equal to $2 per share annually. The current dividend yield on the stock is 4.80%.

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The company’s annual revenue as of Sept. 30 stood at $3.34 billion. In its most recent earnings report on Feb. 14, it posted revenues of $837 million and EPS of $0.36 for Q4 2024. Both figures came in above the consensus estimates.

WesBanco

WesBanco WSBC provides retail banking, corporate banking, personal and corporate trust, brokerage, mortgage banking and insurance services to individuals and businesses in the U.S.

WesBanco has increased its dividends consecutively for the last 14 years. As per its most recent dividend announcement on Nov. 20, the company raised the quarterly dividend from $0.36 to $0.37 per share, which is equal to an annual figure of $1.48 per share. Currently, the dividend yield on the stock stands at 4.06%.

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WesBanco's annual revenue as of Sept. 30 stood at $584.63 million. In its most recent earnings announcement on Jan. 22, the company posted Q4 2024 revenues of $126.51 million, missing the consensus estimate of $156.65 million, while EPS of $0.71 came in above the consensus of $0.55.

Check out this article by Benzinga for four analysts' insights on WesBanco.

PepsiCo, Portland General Electric, and WesBanco are good choices for investors seeking reliable passive income. Their dividend yields of 3% to 4% and long history of consistent hikes make them attractive to income-focused investors.

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