Looking For Yields: Evergy, Sempra, And Philip Morris Are Consistent Moneymakers

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Evergy, Sempra, and Philip Morris have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of over 3%.

Evergy

Evergy EVRG engages in the generation, transmission, distribution, and sale of electricity in the U.S. It generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, and other renewable sources.

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Evergy has raised its dividends consecutively for the last seven years. In its most recent dividend hike announcement on Nov. 7, the company's board increased the quarterly payout by 4% to $0.6675 per share, equal to an annual figure of $2.67 per share. The current dividend yield is 3.93%.

Evergy's annual revenue as of Dec. 31 stood at $5.85 billion. According to its most recent release on Feb. 27, it posted Q4 2024 revenues of $1.26 billion, beating the consensus estimate of $1.24 billion, while EPS of $0.35 came in below the consensus of $0.37.

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Sempra

Sempra SRE operates as an energy infrastructure company in the U.S. and internationally.

The company increased its dividends consecutively for the last 15 years. In its most recent dividend hike announcement on Feb. 25, it raised the quarterly payout from $0.62 to $0.645 per share, which is equal to an annual figure of $2.58 per share. The current yield on the dividend is 3.67%.

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Sempra's annual revenue as of Dec. 31 stood at $13.19 billion. In its Q4 2024 earnings announcement on Feb. 25, the company posted revenues of $3.76 billion and EPS of $1.50. Both figures came in below expectations.

Check out this article by Benzinga for 14 analysts' insights on Sempra.

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Philip Morris

Philip Morris International PM operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

Philip Morris has raised its dividends every year for the past 17 years. In the company’s most recent dividend hike announcement on Sept. 12, it increased the quarterly payout from $1.30 to $1.35 per share, equaling an annual figure of $5.40 per share. More recently, in its dividend announcement on March 6, the company maintained the payout at the same level. The current dividend yield on the stock is 3.37%.

The company’s annual revenue as of Dec. 31 stood at $37.88 billion. In its Q4 2024 earnings release on Feb. 6, it posted revenues of $9.71 billion and EPS of $1.55, both above the consensus estimates.

Evergy, Sempra, and Philip Morris are good choices for investors seeking reliable passive income. Their dividend yields of over 3% 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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