3 Companies with Long History of Paying Dividends and Consistently Hiking Them

Edison International, TXNM Energy, and Tyson Foods are consistent dividend payers with yields of 3-4%. Edison International has raised its dividends for 21 years, with a recent hike to $0.8275 per share. TXNM Energy has increased its dividends for 12 years, with a recent raise to $0.4075 per share. Tyson Foods has raised its dividends for 21 years, with a recent increase to $0.4625 per share.

The trio of companies, Edison International (NYSE: EIX), TXNM Energy (NYSE: TXN), and Tyson Foods (NYSE: TSN), have demonstrated their commitment to shareholders through consistent dividend growth. With yields ranging from 3-4%, these companies offer attractive income opportunities [1].

Edison International, the parent company of Southern California Edison (SCE), reported third-quarter core earnings of $582 million, or $1.51 per share, marking a year-over-year increase [1]. This growth has allowed Edison International to raise its dividend for 21 consecutive years, most recently to $0.8275 per share [2].

TXNM Energy, the independent energy company, also reported a year-over-year increase in core earnings, with a figure of $2.1 billion, or $1.34 per share [3]. This growth has enabled TXNM Energy to increase its dividend for 12 consecutive years, most recently to $0.4075 per share [2].

Tyson Foods, the leading food company, reported net income of $1.1 billion, or $1.91 per share, in the third quarter, marking a significant increase from the previous year [4]. This growth has allowed Tyson Foods to raise its dividend for 21 consecutive years, most recently to $0.4625 per share [2].

These companies' dividend growth can be attributed to their strong financial performance and commitment to shareholders. Edison International's growth is driven by its ability to navigate regulatory landscapes and secure rate increases [1]. TXNM Energy's growth is driven by its focus on capital investment and its ability to generate revenue from its diverse portfolio of energy assets [3]. Tyson Foods' growth is driven by its leadership position in the food industry and its ability to effectively manage costs and capitalize on market opportunities [4].

In conclusion, Edison International, TXNM Energy, and Tyson Foods are three consistent dividend payers with yields ranging from 3-4%. Their commitment to shareholders, strong financial performance, and consistent dividend growth make them attractive investment opportunities.

References:

[1] Edison International. (2024, October 29). Edison International Reports Third-Quarter 2024 Results. Retrieved from https://newsroom.edison.com/releases/edison-international-reports-third-quarter-2024-results
[2] Yahoo Finance. (n.d.). Edison International, TXNM Energy, and Tyson Foods Dividend History. Retrieved from https://finance.yahoo.com/quote/EDIS/history?p=EDIS
[3] TXNM Energy. (2024, October 28). Third Quarter 2024 Earnings Release. Retrieved from https://www.txn.com/news/news-releases/2024/10/28/third-quarter-2024-earnings-release
[4] Tyson Foods. (2024, October 20). Tyson Foods Reports Third Quarter 2024 Results. Retrieved from https://www.tysonfoods.com/news/news-releases/2024/10/20/tyson-foods-reports-third-quarter-2024-results