Investors Seek Consistent Dividend Payers: First Merchants, Philip Morris, Alliant Energy Stand Out

First Merchants, Philip Morris, and Alliant Energy are attractive options for income-focused investors, with a history of consistently increasing dividends and offering yields over 3%. First Merchants has raised dividends for 13 years, Philip Morris for 17 years, and Alliant Energy for 25 years. The companies' annual revenues range from $637 million to $39 billion, with recent Q2 revenues missing or meeting consensus estimates.

Title: Attractive Income Opportunities: First Merchants, Philip Morris, and Alliant Energy

Investors seeking reliable passive income can find attractive options in First Merchants, Philip Morris, and Alliant Energy. These companies have a history of consistently increasing dividends and offer yields over 3%. First Merchants has raised dividends for 13 years, Philip Morris for 17 years, and Alliant Energy for 25 years. Their annual revenues range from $637 million to $39 billion, with recent Q2 revenues either meeting or missing consensus estimates.

First Merchants Corp. (NASDAQ:FRME) is a financial holding company that provides commercial and consumer banking, wealth management, and mortgage lending services. The company has increased its dividends every year for the last 13 years. In its most recent dividend announcement on May 16, the board raised the quarterly payout from $0.35 to $0.36 per share, equating to an annual figure of $1.44 per share. The current dividend yield is 3.88% [2].

Philip Morris International Inc. (NYSE:PM) is a multinational tobacco company offering cigarettes and smoke-free products. Philip Morris has raised its dividends consecutively for the past 17 years. In its most recent dividend hike announcement on Sept. 12, it increased the quarterly payout from $1.30 to $1.35 per share, equal to an annual figure of $5.40 per share. The current dividend yield on the stock stands at 3.21% [2].

Alliant Energy Corp. (NASDAQ:LNT) provides regulated electric and natural gas services in the U.S. The company has increased its dividends every year for the last 21 years. In its most recent dividend hike announcement on Jan. 17, the company raised the quarterly payout from $0.48 to $0.5075 per share, equating to an annual figure of $2.03 per share. The current dividend yield on the stock is 3.07% [2].

Alliant Energy reported its second quarter 2025 results, with revenue of $961.0m (up 7.5% from Q2 2024) and net income of $174.0m (up 100% from Q2 2024). The company's shares are down 1.1% from a week ago [3].

These companies offer attractive dividend yields and a proven track record of consistent dividend growth, making them suitable choices for income-focused investors.

References:
[1] https://ca.finance.yahoo.com/news/1-canadian-dividend-champion-down-193000264.html
[2] https://finance.yahoo.com/news/why-first-merchants-philip-morris-020106807.html
[3] https://finance.yahoo.com/news/alliant-energy-second-quarter-2025-113735387.html