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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. PepsiCo, Robert Half and Horace Mann Educators have rewarded their shareholders for several decades and recently announced dividend increases. Furthermore, these companies offer high dividend yields of over 3%.

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PepsiCo

PepsiCo, Inc. (NASDAQ:PEP) is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay’s, Cheetos and Doritos, among others. The company dominates the global savory snacks market and ranks globally as the second-largest beverage provider behind Coca-Cola. It has diversified exposure to carbonated soft drinks, water, sports and energy drink offerings.

The company has consistently increased its dividends yearly for the past 52 years. According to PepsiCo’s most recent dividend hike announcement on July 25, its Board of Directors increased the quarterly dividend by 7% to $1.355, equal to $5.42 annually. The current yield on the dividend is 3.06%.

PepsiCo’s annual revenue as of June 30 was $92.1 billion. According to the company’s most recent earnings report, released on July 11, it posted a Q2 2024 EPS of $2.28, better than the consensus estimate of $2.16, and revenues of $22.50 billion, missing the consensus of $22.60 billion.

Check out this article by Benzinga, which analyzes PepsiCo’s short interest.

Robert Half

Robert Half Inc. (NYSE:RHI) provides global talent solutions and business consulting services. It offers temporary, permanent and outcome-based staffing for in-person and remote positions in finance, accounting, technology, legal, marketing and administrative fields. Protiviti, a wholly-owned subsidiary of Robert Half, specializes in technology, risk, auditing and compliance matters.

Robert Half raised its dividends consecutively for the last 20 years. The company's most recent dividend hike announcement on Feb. 13 increased the quarterly dividend from $0.48 to $0.53 per share, or $2.12 annualized. Currently, the dividend yield is 3.35%.

As of June 30, the company's annual revenue stood at $6 billion. According to its most recent earnings release on July 24, the company posted quarterly revenues of $1.47 billion and an EPS of $0.66, both of which missed the Street estimates. 

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Horace Mann Educators

Horace Mann Educators Corporation (NYSE:HMN) is a diversified insurance holding company that markets and underwrites personal lines of property and casualty insurance, retirement annuities and life insurance.

Horace Mann Educators has raised its dividends every year for the last 15 years. On March 4, its Board of Directors announced its most recent dividend hike: a 3% increase to $0.34 per share, or $1.36 annualized, for a yield of 3.98%.

As of June 30, Horace Mann Educators' annual revenue stood at $1.5 billion. According to the company's most recent earnings announcement on Aug. 7, it generated revenues of $388.10 million, missing the consensus of $394.20 million, while the EPS of $0.27 came in better than the consensus of $0.19.

"We are confident we will deliver on the company's long-term objectives of expanding our share of the education market and achieving a sustainable double-digit ROE in 2025," said Horace Mann President & CEO Marita Zuraitis. "Second-quarter results, including continued progress toward restoring Property & Casualty segment profitability and double-digit sales growth in our Property & Casualty and Supplemental & Group Benefits segments, demonstrate we are executing on our plan."

Check out this article by Benzinga for three more high-yield stocks that can put cash in your pocket. 

PepsiCo, Robert Half and Horace Mann Educators 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.

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This article Why PepsiCo, Robert Half And Horace Mann Educators Are Winners For Passive Income originally appeared on Benzinga.com