Consistent Dividend Payers: Allete, WEC Energy, and Chevron Offer Attractive Yields

Allete, WEC Energy, and Chevron are consistent dividend payers with recent increases. Allete has raised dividends consecutively for 14 years, with a current yield of 4.41%. WEC Energy has increased dividends annually for 22 years, with a current yield of 3.16%. Chevron has consistently paid dividends and recently announced a 3.5% increase. All three companies offer attractive dividend yields for income-focused investors.

Energy companies Allete (NYSE:ALE), WEC Energy Group Inc. (NYSE:WEC), and Chevron Corp. (NYSE:CVX) have consistently rewarded shareholders with dividend increases, making them attractive options for income-focused investors. Here's a look at their recent dividend performance and yields.

Allete (NYSE:ALE)

Allete, an energy company operating in two segments—Regulated Operations and Allete Clean Energy—has raised dividends consecutively for the last 14 years. In its most recent dividend hike announcement on January 30, the company increased its quarterly payout by 3.5% to $0.73 per share, equating to an annual figure of $2.92 per share. The current dividend yield on Allete's stock is 4.41% Looking For Yields: Allete, WEC Energy, And Chevron Are Consistent Moneymakers^[1].

WEC Energy Group Inc. (NYSE:WEC)

WEC Energy, which provides regulated natural gas and electricity, and renewable energy services in the U.S., has increased its dividends every year for the last 22 years. In its most recent dividend hike announcement on January 16, the board raised the quarterly payout by 6.90% to $0.8925 per share, equating to an annual figure of $3.57 per share. The current dividend yield on WEC Energy's stock is 3.16% Looking For Yields: Allete, WEC Energy, And Chevron Are Consistent Moneymakers^[1].

Chevron Corp. (NYSE:CVX)

Chevron, an integrated energy company producing crude oil, natural gas, and other essential products, has increased its dividends consecutively for the last 38 years. In its latest dividend hike announcement on January 31, the company raised its quarterly payout by 5% to $1.71 per share, equating to an annual figure of $6.84 per share. The current dividend yield on Chevron's stock is 4.27% Looking For Yields: Allete, WEC Energy, And Chevron Are Consistent Moneymakers^[1].

Recent Dividend Announcements

- Allete maintained its quarterly payout at $0.73 per share in its July 25 dividend announcement Looking For Yields: Allete, WEC Energy, And Chevron Are Consistent Moneymakers^[1].
- WEC Energy maintained its quarterly payout at $0.8925 per share in its July 17 dividend announcement Looking For Yields: Allete, WEC Energy, And Chevron Are Consistent Moneymakers^[1].
- Chevron maintained its quarterly payout at $1.71 per share in its August 1 quarterly earnings release Looking For Yields: Allete, WEC Energy, And Chevron Are Consistent Moneymakers^[1].

Investor Sentiment

Institutional investors and hedge funds have shown interest in Chevron. Generali Investments CEE, for instance, reduced its holdings by 18.5% in the second quarter, selling 6,535 shares. Meanwhile, Harvest Fund Management Co. Ltd increased its holdings by 420.7% during the first quarter Generali Investments CEE investicni spolecnost a.s. Sells 6,535 Shares of Chevron Corporation $CVX^[2].

Analyst Ratings

Brokerages have provided mixed ratings for Chevron. Scotiabank set a $160.00 price target with a "sector perform" rating, while TD Cowen raised its price target to $155.00 with a "hold" rating. Evercore ISI reaffirmed an "outperform" rating with a $180.00 target price Generali Investments CEE investicni spolecnost a.s. Sells 6,535 Shares of Chevron Corporation $CVX^[2].

Conclusion

Allete, WEC Energy, and Chevron offer attractive dividend yields for income-focused investors, with long histories of consistent dividend increases. Their recent dividend announcements and analyst ratings provide further evidence of their reliability as dividend payers.

References

Looking For Yields: Allete, WEC Energy, And Chevron Are Consistent Moneymakers^[1] https://finance.yahoo.com/news/looking-yields-allete-wec-energy-140102431.html
Generali Investments CEE investicni spolecnost a.s. Sells 6,535 Shares of Chevron Corporation $CVX^[2] https://www.marketbeat.com/instant-alerts/filing-generali-investments-cee-investicni-spolecnost-as-sells-6535-shares-of-chevron-corporation-cvx-2025-10-01/