How Chevron, Best Buy, And IDACORP Can Put Cash In Your Pocket

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

Chevron

Chevron CVX engages in the integrated energy and chemicals operations in the U.S. and internationally.

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Chevron has increased its dividends consecutively for the last 37 years. In its latest dividend hike announcement on Jan. 31, its board raised the quarterly payout by 5% to $1.71 per share, which is equal to an annual figure of $6.84 per share. Currently, the dividend yield is 4.15%.

The company’s annual revenue as of Dec. 31 stood at $193.41 billion. According to its latest earnings release on Jan. 31, Chevron posted Q4 2024 revenues of $52.23 billion, above the consensus estimate of $48.41 billion, while EPS of $2.06 missed the consensus of $2.11.

Check out this article by Benzinga for P/E ratio insights for Chevron.

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Best Buy

Best Buy 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 raised its dividends every year for the last 11 years. In its most recent dividend hike announcement on March 5, the company increased the quarterly payout from $0.94 to $0.95 per share, equaling an annual figure of $3.80 per share. Currently, the dividend yield stands at 5.17%.

The company's annual revenue as of Jan. 31 stood at $41.53 billion. In its Q4 2025 earnings report on March 4, it posted revenues of $13.95 billion and EPS of $2.58. Both figures beat the Street estimates. 

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IDACORP

IDACORP IDA engages in the generation, transmission, distribution, purchase, and sale of electric energy in the U.S.

IDACORP has increased its dividend every year since 2011. As per its most recent dividend hike announcement on Sept. 20, its board raised the quarterly payout from $0.83 to $0.86 per share, which is equal to an annual figure of $3.44 per share. The current dividend yield is 3.01%. 

IDACORP's annual revenue as of Dec. 31 stood at $1.83 billion. In its Q4 2024 earnings report on Feb. 20, the company posted EPS of $0.70, beating the consensus estimate of $0.63, while revenues of $398.13 million came in below the consensus of $403.21 million.

Chevron, Best Buy, and IDACORP are good choices for investors seeking reliable passive income. Their dividend yields of up to 5% and long history of consistent hikes make them attractive to income-focused investors.

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

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