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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Best Buy, Stanley Black & Decker and Essential Utilities have rewarded their shareholders for several decades and recently announced dividend increases. Furthermore, these companies offer high dividend yields of over 3%.
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Best Buy
Best Buy (NYSE:BBY) is the world's largest specialty consumer electronics retailer. It operates over 1,000 retail stores in North America and has over 85,000 employees.
Best Buy has consistently raised its dividends every year since 2014. On Feb. 29, its Board of Directors announced its most recent dividend hike: a 2% increase in the quarterly dividend to $0.94 per share, equating to $3.76 annually. The current yield on the dividend stands at 3.86%.
The company's annual revenue (as of July 31) is $42.5 billion. According to its most recent earnings release on Aug. 29, it posted Q2 2025 revenues of $9.29 billion and an EPS of $1.34. Both figures were above the consensus estimates.
"Today, we are reporting better-than-expected sales and profitability results for the second quarter," said Corie Barry, Best Buy CEO. "We delivered strong results in our Domestic tablet and computing categories, which together posted comparable sales growth of 6% versus last year. With our market position, expert sales associates and compelling merchandising, we capitalized on the demand driven by customers' desire to replace or upgrade their products combined with innovation."
Stanley Black & Decker
Stanley Black & Decker, Inc. (NYSE:SWK) is a worldwide leader in Tools and Outdoor, operating manufacturing facilities globally. The company's approximately 50,000 diverse and high-performing employees produce innovative, end-user-inspired power tools, hand tools, storage, digital jobsite solutions, outdoor and lifestyle products and engineered fasteners to support the world's builders, tradespeople and DIYers.