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ompanies that consistently pay dividends and increase them over time are attractive to income-focused investors. Getty Realty, Xcel Energy, and Portland General Electric have a long history of rewarding shareholders with dividend hikes. These companies currently offer yields ranging from 3-6%.
Getty Realty (NYSE:GTY) is a net lease REIT specializing in single-tenant retail real estate. Its portfolio includes over 1,000 free-standing properties across the U.S. The company has increased its dividends for 12 consecutive years and recently raised its quarterly dividend by 4.40% to $0.47 per share. With an annualized dividend of $1.88, Getty Realty's yield stands at 5.82%.
Xcel Energy (NASDAQ:XEL) is a leading electricity provider with over half of its sales coming from renewable energy sources. The company serves 3.8 million electric customers and 2.1 million natural gas customers across eight states. Xcel's commitment to sustainability and consistent dividend payments make it an appealing investment option.
Portland General Electric, another long-standing dividend payer, has also recently announced a dividend increase. These companies offer stable income streams for investors seeking passive earnings.
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