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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Avista, Genuine Parts, ManpowerGroup have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 7%.

Avista

Avista Co. (NYSE:AVA) operates as an electric and natural gas utility company in the U.S.

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Avista has raised its dividends consecutively for the last 22 years. In its most recent dividend hike announcement on Feb. 12, the company's board increased the quarterly payout from $0.475 to $0.49 per share, which is equal to an annual figure of $1.96 per share. Currently, the dividend yield on the stock is 4.75%.

The company's annual revenue as of Dec. 31 stood at $1.94 billion. In its Q4 2024 earnings report on Feb. 26, it posted revenues of $517 million, above the consensus estimate of $487.48 million, while EPS of $0.84 missed the consensus of $0.87.

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Genuine Parts

Genuine Parts Co. (NYSE:GPC) is a leading global service provider of automotive and industrial replacement parts and value-added solutions.

Genuine Parts has raised its dividends every year for the last 69 years. According to its most recent dividend hike announcement on Feb. 18, the company increased the quarterly payout by 3% to $1.03 per share, equal to an annual figure of $4.12 per share. The dividend yield on the stock stands at 3.52%.

Genuine Parts’ annual revenue as of March 31 stood at $23.57 billion. In its Q1 2025 earnings report on April 22, the company posted revenues of $5.87 billion and EPS of $1.75, both beating the consensus estimates.

Check out this article by Benzinga for six analysts' insights on Genuine Parts.

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ManpowerGroup

ManpowerGroup Inc. (NYSE:MAN) provides workforce solutions and services under the Talent Solutions, Manpower, and Experis brands worldwide.

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The company has increased its dividend every year for the last 14 years. Its semiannual payout stands at $1.54 per share, equaling an annual figure of $3.08 per share. Currently, the dividend yield on the stock is 7.21%.

ManpowerGroup's annual revenue as of Dec. 31 stood at $17.85 billion. According to its most recent earnings release on April 17, the company posted Q1 2025 revenues of $4.09 billion, above the consensus estimate of $3.96 billion, while EPS of $0.44 missed the consensus of $0.50.

Check out this article by Benzinga for five analysts' insights on ManpowerGroup.

Avista, Genuine Parts, ManpowerGroup are good choices for investors seeking reliable passive income. Their dividend yields of up to 7% and long history of consistent hikes make them attractive to income-focused investors.

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This article Looking For Yields: Avista, Genuine Parts, And ManpowerGroup Are Consistent Moneymakers originally appeared on Benzinga.com

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