Looking For Yields: Merck, Hormel Foods, And Spire Are Consistent Moneymakers
Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Merck, Hormel Foods, and Spire have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 4%.
Merck
Merck & Co. (NYSE:MRK) is a global biopharmaceutical company that discovers, develops, manufactures, and markets a wide range of health solutions.
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Merck has increased its dividends every year for the last 14 years. In its most recent dividend hike announcement on Nov. 19, the company raised the quarterly payout from $0.77 to $0.81 per share, equal to an annual figure of $3.24 per share. More recently, in its dividend announcement on May 27, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 3.97%.
Merck's annual revenue as of March 31 stood at $63.92 billion. The company on April 24 posted Q1 2025 revenues of $15.53 billion and EPS of $2.22, both coming in above the consensus estimates.
Check out this article by Benzinga for P/E ratio insights for Merck.
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Hormel Foods
Hormel Foods Corp. (NYSE:HRL) develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the U.S. and internationally.
Hormel Foods has increased its dividends consecutively for the last 59 years. In its most recent dividend hike announcement on Nov. 25, it raised the quarterly payout by 3% to $0.29 per share, equaling an annual figure of $1.16 per share. More recently, in its dividend announcement on May 19, the company maintained the payout at the same level. Currently, the dividend yield stands at 3.91%.
Hormel Foods' annual revenue as of April 30 stood at $11.92 billion. In its latest earnings report on May 29, the company posted Q2 2025 revenues of $2.90 billion, matching expectations, while EPS of $0.35 came in above the consensus of $0.34.Spire
Spire Inc. (NYSE:SR) purchases, distributes, and sells natural gas to residential, commercial, industrial, and other end-users of natural gas in the U.S.
The company has increased its dividends consecutively for the last 22 years. In its most recent dividend hike announcement on Nov. 14, it raised the quarterly payout from $0.755 to $0.785 per share, equal to an annual figure of $3.14 per share. More recently, in its dividend announcement on April 24, the company maintained the payout at the same level. The dividend yield on the stock is 4.16%.
Spire's annual revenue as of March 31 was $2.43 billion. The company on April 30 posted Q2 2025 revenues of $1.05 billion and EPS of $3.60, both coming in below the consensus estimates.
Check out this article by Benzinga for four analysts' insights on Spire.
Merck, Hormel Foods, and Spire are good choices for investors seeking reliable passive income. Their dividend yields of around 4% and long history of consistent hikes make them attractive to income-focused investors.
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This article Looking For Yields: Merck, Hormel Foods, And Spire Are Consistent Moneymakers originally appeared on Benzinga.com
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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