Why HP, Altria, And Terreno Realty Are Winners For Passive Income

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. HP, Altria, and Terreno Realty have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3-7%.

HP

HP HPQ provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the U.S. and internationally.

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HP has raised its dividends every year for the last nine years. In its most recent dividend hike announcement on Nov. 26, the company's board increased the quarterly payout by 5% to $0.2894, which is equal to an annual figure of $1.16 per share. Currently, the dividend yield stands at 4.82%.

The company’s annual revenue as of Jan. 31 stood at $53.88 billion. In the company’s Q1 2025 earnings report on Feb. 27, it posted revenues of $13.50 billion, above the consensus estimate of $13.36 billion, and EPS of $0.74, matching expectations.

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

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Altria

Altria Group MO manufactures and sells smokeable and oral tobacco products in the U.S.

Altria Group has increased its dividends 59 times in the past 55 years. According to its most recent dividend hike announcement on Aug. 22, the company raised the quarterly payout by 4.1% to $1.02 per share, equal to an annual figure of $4.08 per share. More recently, in its dividend announcement on Feb. 27, the company maintained the payout at the same level. The current dividend yield on the stock is 7.14%.

Altria Group’s annual revenue as of Dec. 31 stood at $20.44 billion. In its most recent earnings report on Jan. 30, the company posted Q4 2024 revenues of $5.97 billion and EPS of $1.29. Both figures beat the consensus estimates.

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Terreno Realty

Terreno Realty Corporation TRNO acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C.

The company has raised its dividends consecutively for the last 11 years. In its most recent dividend hike announcement on Aug. 7, the board increased the quarterly payout by 8.9% to $0.49 per share, equaling an annual figure of $1.96 per share. More recently, in its dividend announcement on Feb. 5, the payout remained unchanged. Currently, the dividend yield is 3.52%.

Terreno Realty's annual revenue as of Dec. 31 stood at $382.62 million. As per the company's Q4 2024 earnings release on Feb. 5, it generated revenues of $99.64 million and an EPS of $0.63, both above consensus estimates.

Check out this article by Benzinga for 10 analysts’ insights on Terreno Realty.

HP, Altria, and Terreno Realty are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 7% and long history of consistent hikes make them attractive to income-focused investors.

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