Income-Focused Investors Rejoice: 3 Dividend Powerhouses to Boost Your Portfolio
When it comes to generating passive income, companies with a long history of paying dividends and consistently hiking them are a beacon of hope for investors. Exxon Mobil, IDACORP, and Amcor have been rewarding shareholders for years, and their recent dividend increases make them even more appealing.
Exxon Mobil: A Global Energy Leader
As a global leader in the energy sector, Exxon Mobil Corporation (NYSE:XOM) explores, produces, and sells crude oil and natural gas. With a diverse range of products, from fuels and lubricants to petrochemicals, the company operates through four segments: Upstream, Energy Products, Chemical Products, and Specialty Products. Exxon Mobil has increased its dividends consecutively for an impressive 42 years, with its most recent hike announced on November 1, raising the quarterly dividend by 4% to $0.99 per share.
IDACORP: A Reliable Electric Utility
IDACORP, Inc. (NYSE:IDA) is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. With 17 hydropower-generating plants in southern Idaho and eastern Oregon, three natural gas-fired plants in southern Idaho, and investments in two coal-fired steam electric generating plants in Wyoming and Nevada, IDACORP has increased its dividend every year for the last 13 years. The company’s most recent dividend hike announcement on September 20 raised the quarterly dividend from $0.83 to $0.86 per share.
Amcor: A Packaging Powerhouse
Amcor plc (NYSE:AMCR) develops, produces, and sells packaging products in Europe, North America, Latin America, and the Asia Pacific. With a history of raising dividends every year for the last five years, Amcor’s board of directors increased the quarterly dividend to $0.1275 per share in its most recent announcement on October 31.
Why These Companies Stand Out
Exxon Mobil, IDACORP, and Amcor offer attractive dividend yields of around 3-5%, making them appealing to income-focused investors. Their long history of consistent dividend hikes and reliable passive income make them a great addition to any portfolio.
Diversify Your Portfolio with Real Estate
Real estate is a great way to diversify your portfolio and earn high returns, but it can also be a big hassle. Luckily, there are other ways to tap into the power of real estate without owning property. Arrived Home’s Private Credit Fund has historically paid an annualized dividend yield of 8.1%, providing access to a pool of short-term loans backed by residential real estate, with a minimum investment of only $100.
Take Control of Your Investments
Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
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