Why Polaris, Merck, And Skyworks Solutions Are Winners For Passive Income

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

Polaris

Polaris PII designs, engineers, manufactures, and markets powersports vehicles in the U.S., Canada, and internationally.

Polaris has increased its dividends every year for the last 30 years. In its most recent dividend announcement on Jan. 30, the company raised the quarterly payout by 2% to $0.67 per share, equaling an annual figure of $2.68 per share. Currently, the dividend yield on the stock is 5.84%. 

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The company's annual revenue as of Dec. 31 stood at $7.18 billion. According to its most recent earnings release on Jan. 28, it posted revenues of $1.75 billion and EPS of $0.92 for Q4 2024. Both figures came in above the Street estimates.

Merck

Merck MRK is a healthcare company that manufactures pharmaceutical products to treat various conditions in many therapeutic areas, including cardiometabolic disease, cancer and infections. 

Merck has raised its dividends consecutively for the last 14 years. In its most recent dividend announcement on Nov. 19, the company raised the quarterly dividend from $0.77 to $0.81 per share, which is equal to an annual figure of $3.24 per share. The current dividend yield is 3.70%. 

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Merck's annual revenue as of Sept. 30 stood at $63.17 billion. In its Q4 2024 earnings release on Feb. 4, the company posted revenues of $15.62 billion and EPS of $1.72. Both figures were above the consensus estimates.

Check out this article by Benzinga for 13 analysts' insights on Merck.

Skyworks Solutions

Skyworks Solutions SWKS designs, develops, manufactures, and markets proprietary semiconductor products in the U.S., China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Skyworks Solutions has raised its dividends for the last 11 consecutive years. In its most recent dividend hike announcement on July 30, the company increased the quarterly payout by 3% to $0.70 per share, which is equal to an annual figure of $2.80 per share. The current yield on the dividend is 4.16%.

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The company's annual revenue as of Dec. 31 stood at $4.04 billion. As per its most recent earnings release on Feb. 5, it posted Q1 2025 revenues of $1.07 billion, roughly in line with expectations, and EPS of $1.60, above the consensus estimate of $1.57.

Check out this article by Benzinga for 19 analysts’ evaluations of Skyworks Solutions.

Polaris, Merck, and Skyworks Solutions are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 5% and long history of consistent hikes make them attractive to income-focused investors.

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Interest Rates Are Falling, But These Yields Aren't Going Anywhere

Lower interest rates mean some investments won't yield what they did in months past, but you don't have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities.

Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

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