Duke Energy, Edison International, and Portland General Electric are three companies that have a long history of paying dividends and consistently increasing them, making them attractive options for income-focused investors. These companies have recently announced dividend hikes and offer high dividend yields of around 3-4%.
Duke Energy Corporation (NYSE: DUK) is one of the largest U.S. utilities, serving millions of customers across several states. The company has been increasing its dividends since 2011 and recently announced a quarterly dividend increase to $1.045 per share, with an annual yield of 3.57%. Duke Energy’s annual revenue is $30 billion, and its recent earnings report showed strong results, with revenues of $7.17 billion and net income of $1.18 billion.
Edison International (NYSE: EIX) is another major electric utility holding company, providing clean and reliable energy to millions of customers in California. The company has raised its dividends consecutively since 2004 and recently increased its quarterly dividend to $0.78 per share, with a yield of 3.69%. Edison International’s annual revenue is $16.8 billion, and its most recent earnings report exceeded expectations.
Portland General Electric Company (NYSE: POR) is a regulated electric utility in Oregon, operating various power generation facilities. The company has consistently raised its dividends every year since 2006 and recently increased its quarterly dividend to $0.50 per share, with a yield of 4.14%. Portland General Electric’s annual revenue is $3.2 billion, and its recent earnings report showed revenues of $758 million and an EPS of $0.69.
These three companies offer investors reliable passive income opportunities with their high dividend yields and consistent dividend growth. Income-focused investors may find Duke Energy, Edison International, and Portland General Electric to be strong choices for their investment portfolios.
In conclusion, Duke Energy, Edison International, and Portland General Electric are passive income winners that have a long history of rewarding their shareholders with consistent dividend increases. These companies offer attractive dividend yields and strong financial performance, making them appealing options for income-focused investors looking to generate reliable income from their investments.
