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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Tyson Foods, Prologis, and WEC Energy have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of over 3%.

Tyson Foods

Tyson Foods (NYSE:TSN) operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods.

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Tyson Foods has raised its dividends consecutively for the last 12 years. In its most recent dividend hike announcement on Aug. 8, its board increased the quarterly payout from $0.49 to $0.50 per share, which is equal to an annual figure of $2 per share. More recently, in its dividend announcement on Feb. 6, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 3.30%.

Tyson Foods’ annual revenue as of Dec. 31 stood at $53.61 billion. As per its Q1 2025 earnings release on Feb. 3, the company posted revenues of $13.62 billion and EPS of $1.14, both beating the Street estimates.

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Prologis

Prologis (NYSE:PLD) is the global leader in logistics real estate with a focus on high-barrier, high-growth markets.

The company has raised its dividends consecutively for the last 10 years. As per its most recent dividend hike announcement on Feb. 20, it increased the quarterly payout by 5% to $1.01 per share, equal to an annual figure of $4.04 per share. Currently, the dividend yield on the stock is 3.95%.

Prologis' annual revenue as of Dec. 31 stood at $8.20 billion. In its Q1 2025 earnings release on April 16, it posted revenues of $2 billion and EPS of $1.42, both above the consensus estimates.

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WEC Energy

WEC Energy Group (NYSE:WEC) provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the U.S.

The company has raised its dividends every year for the last 22 years. In its most recent dividend hike announcement on Jan. 16, the company raised the quarterly payout by 6.90% to $0.8925 per share, equaling an annual figure of $3.57 per share. The dividend yield currently stands at 3.31%.

WEC Energy Group's annual revenue as of Dec. 31 stood at $8.60 billion. In its most recent earnings report on Feb. 4, the company posted Q4 2024 revenues of $2.28 billion, below the consensus estimate of $2.50 billion, while EPS of $1.43 matched expectations. 

Tyson Foods, Prologis, and WEC Energy 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.

Check out this article by Benzinga for three more stocks offering high dividend yields. 

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This article How Tyson Foods, Prologis, And WEC Energy Can Put Cash In Your Pocket originally appeared on Benzinga.com