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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. HP, Johnson & Johnson and Rexford Industrial Realty have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of around 3-4%.

HP

HP Inc. (NYSE:HPQ) is a behemoth in the PC and printing markets. It has focused on these markets since exiting IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market but maintains sales of consumer devices and printers. The firm has a broad global customer base, with only one-third of sales coming from the U.S. 

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HP has raised its dividends every year for the last eight years. In its most recent dividend announcement on Nov. 26, the company increased the quarterly dividend by 5% to $0.2894, which is equal to an annual figure of $1.16 per share. Currently, the dividend yield on the stock stands at 3.55%.

The company’s annual revenue (as of Oct. 31) stood at $53.56 billion. As per the company’s Q4 2024 earnings release on Nov. 26, it posted revenues of $14.05 billion, above the consensus estimate of $14 billion and an EPS of $0.93, matching expectations.

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Johnson & Johnson

Johnson & Johnson (NYSE:JNJ) is the world’s largest and most diverse health care firm. It researches, develops, manufactures and sells various products, operating through two divisions: pharmaceuticals and medical devices. These now represent all of the company’s sales following the divestment of the consumer business, Kenvue, in 2023. 

Johnson & Johnson has raised its dividends consecutively for the last 62 years. On April 16, the company announced its most recent dividend hike, increasing the quarterly dividend by 4.2% to $1.24 per share or $4.96 annually. Currently, the dividend yield on the stock stands at 3.43%.

Johnson & Johnson's annual revenue (as of Sept. 30) stood at $87.70 billion. According to the company’s most recent earnings release on Oct. 15, it posted revenues of $22.47 billion and an EPS of $2.42 for Q3 2024. Both figures beat the Street estimates.

Check out this article by Benzinga, which looks into Johnson & Johnson's recent short interest. 

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Rexford Industrial Realty

Rexford Industrial Realty, Inc. (NYSE:REXR) is a real estate investment trust (REIT) focused on investing in and operating industrial properties throughout Southern California. Its high-quality portfolio comprises 422 properties with approximately 49.2 million rentable square feet, occupied by a diverse tenant base. 

The company has raised its dividends every year for the last 11 years. In its most recent dividend hike announcement on Feb. 5, its board of directors raised the quarterly dividend by 10% to $0.4175 per share, which is equal to an annual figure of $1.67 per share. Currently, the dividend yield is 4.36%. 

The company's annual revenue (as of Sept. 30) stood at $903.94 million. According to Rexford Industrial Realty's most recent earnings announcement on Oct. 16, it posted Q3 2024 revenues of $238.40 million, compared to the consensus of $239.70 million and an EPS of $0.59, compared to the consensus estimate of $0.58.

If you invested $10,000 in Rexford Industrial Realty stock 10 years ago, how much would you have now? Check out this article by Benzinga to learn more.

HP, Johnson & Johnson and Rexford Industrial Realty are good choices for investors seeking reliable passive income. Their dividend yields of around 3-4% and long history of consistent hikes make them attractive to income-focused investors.

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This article How HP, Johnson & Johnson And Rexford Industrial Realty Can Put Cash In Your Pocket originally appeared on Benzinga.com