Passive income is a sought-after source of revenue for many investors, providing a steady stream of income without requiring active participation. Companies that have a history of paying dividends and consistently increasing them are particularly attractive to income-focused investors. Polaris, Merck, and Skyworks Solutions are three such companies that have proven to be winners for passive income seekers.
Polaris, a leading manufacturer of powersports vehicles, has a track record of increasing its dividends for the past 30 years. In its most recent dividend announcement, the company raised its quarterly payout by 2% to $0.67 per share, resulting in an annual dividend of $2.68 per share. With a current dividend yield of 5.84%, Polaris offers investors a generous return on their investment. The company’s strong financial performance, with annual revenue of $7.18 billion, further solidifies its position as a reliable source of passive income.
Merck, a healthcare company specializing in pharmaceutical products, has raised its dividends for the past 14 years. In its most recent dividend announcement, Merck increased its quarterly dividend from $0.77 to $0.81 per share, translating to an annual dividend of $3.24 per share. With a current dividend yield of 3.70%, Merck provides investors with a stable income stream. The company’s robust financials, with annual revenue of $63.17 billion, underscore its ability to deliver consistent returns to shareholders.
Skyworks Solutions, a semiconductor products manufacturer, has raised its dividends for the past 11 consecutive years. In its most recent dividend hike announcement, the company increased its quarterly payout by 3% to $0.70 per share, resulting in an annual dividend of $2.80 per share. With a current dividend yield of 4.16%, Skyworks Solutions offers investors an attractive passive income opportunity. The company’s solid financial performance, with annual revenue of $4.04 billion, highlights its ability to generate consistent returns for shareholders.
Overall, Polaris, Merck, and Skyworks Solutions are solid choices for investors seeking reliable passive income. With dividend yields ranging from 3% to 5% and a history of consistent dividend hikes, these companies offer investors a steady source of income. By investing in these companies, investors can build a diversified portfolio that generates passive income over the long term.
