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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Chevron, Agree Realty, and Essential Utilities have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 4%.

Chevron

Chevron Corp. (NYSE:CVX) is an integrated energy company that produces crude oil, natural gas, and other essential products in the U.S. and internationally.

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Chevron has increased its dividends every year for the last 38 years. In its latest dividend hike announcement on Jan. 31, it raised the quarterly payout by 5% to $1.71 per share, equaling an annual figure of $6.84 per share. More recently, in its quarterly earnings release on May 2, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 4.51%.

The company’s annual revenue as of March 31 stood at $192.94 billion. The company on Aug. 1 posted Q2 2025 revenues of $44.82 billion and EPS of $1.77, each coming in above the consensus estimates.

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Agree Realty

Agree Realty Corp. (NYSE:ADC) is a real estate investment trust that acquires and develops properties net leased to industry-leading, omnichannel retail tenants.

Agree Realty has raised its dividends consecutively for the last 12 years. In its most recent dividend hike announcement on April 10, the board raised the monthly payout from $0.253 to $0.256 per share, equal to an annual figure of $3.072 per share. More recently, in its dividend announcement on July 10, the company maintained the payout at the same level. The current dividend yield on the stock stands at 4.28%.

Agree Realty's annual revenue as of March 31 stood at $636.80 million. The company on July 31 posted Q2 2025 revenues of $175.53 million and AFFO of $1.06, both beating the consensus estimates.

Check out this article by Benzinga that looks into Agree Realty's price-to-earnings ratio.

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Essential Utilities

Essential Utilities Inc. (NYSE:WTRG) provides water, wastewater, and natural gas services in the U.S.