Why Johnson & Johnson, Chevron, And Flowers Foods Are Winners For Passive Income

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

Johnson & Johnson

Johnson & Johnson JNJ engages in the research and development, manufacture, and sale of various products in the healthcare field worldwide.

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Johnson & Johnson has increased its dividends every year for the last 63 years. In its most recent dividend hike announcement on April 15, its board raised the quarterly payout by 4.80% to $1.30 per share, which is equal to an annual figure of $5.20 per share. Currently, the dividend yield on the stock stands at 3.38%.

Johnson & Johnson's annual revenue as of Dec. 31 stood at $88.82 billion. According to the company’s Q1 2025 earnings release on April 15, it posted revenues of $21.89 billion and EPS of $2.77, both beating the consensus estimates.

Check out this article by Benzinga to learn how the market is feeling about Johnson & Johnson.

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Chevron

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

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Chevron has raised its dividends consecutively for the last 37 years. In its latest dividend announcement on Jan. 31, the company's board increased the quarterly payout by 5% to $1.71 per share, equaling an annual figure of $6.84 per share. Currently, the dividend yield on the stock is 5.05%.

The company's annual revenue as of Dec. 31 stood at $193.41 billion. In its Q4 2024 earnings report on Jan. 31, Chevron posted revenues of $52.23 billion, beating the consensus estimate of $48.41 billion, while EPS of $2.06 came in below the consensus of $2.11.

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Flowers Foods

Flowers Foods FLO produces and markets packaged bakery food products in the U.S. It distributes its products through a direct-store-delivery distribution and a warehouse delivery system, as well as operates bakeries.

Flowers Foods has raised its dividends consecutively for the last 11 years. In its most recent dividend hike announcement on May 23, it increased the quarterly payout by 4.3% to $0.24 per share, equal to an annual figure of $0.96 per share. More recently, in its dividend announcement on Feb. 14, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 5.34%.

The company’s annual revenue as of Dec. 31 stood at $5.10 billion. In its most recent earnings report on Feb. 7, the company posted Q4 2024 revenues of $1.11 billion, below the consensus estimate of $1.13 billion, while EPS of $0.22 beat the consensus of $0.21.

Johnson & Johnson, Chevron, and Flowers Foods 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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