Why First Merchants, Terreno Realty, And Evergy Are Winners For Passive Income

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25-05-2025

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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. First Merchants, Terreno Realty, and Evergy have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of over 3%.
First Merchants Corp. (NASDAQ:FRME) operates as the financial holding company for First Merchants Bank that provides community banking services.
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The company has increased its dividends every year for the last 13 years. In its most recent dividend announcement on May 16, the company's board raised the quarterly payout from $0.35 to $0.36 per share, equal to an annual figure of $1.44 per share. The current dividend yield is 3.66%.
First Merchants' annual revenue as of March 31 stood at $633.33 million. In its Q1 2025 earnings release on April 24, the company posted revenues of $160.32 million, missing the consensus estimate of $170.91 million, while EPS of $0.94 came in above the consensus of $0.91.
Check out this article by Benzinga for six analysts' insights on First Merchants.
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Terreno Realty Corp. (NYSE:TRNO) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C.
The company has increased its dividends consecutively for the last 13 years. In its most recent dividend hike announcement on Aug. 7, it raised the quarterly payout by 8.9% to $0.49 per share, which is equal to an annual figure of $1.96 per share. More recently, in its dividend announcement on May 7, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 3.35%.
Terreno Realty's annual revenue as of March 31 stood at $408.01 million. According to the company's Q1 2025 earnings announcement on May 7, it generated revenues of $110.42 million, above the consensus estimate of $109.03 million, while EPS of $0.62 missed the consensus of $0.64.Evergy Inc. (NASDAQ:EVRG) engages in the generation, transmission, distribution, and sale of electricity in the U.S.
Evergy has increased its dividends every year for the last seven years. In its most recent dividend hike announcement on Nov. 7, its board raised the quarterly payout by 4% to $0.6675 per share, equaling an annual figure of $2.67 per share. More recently, in its dividend announcement on May 8, the company maintained the payout at the same level. The current dividend yield is 3.98%.
Evergy's annual revenue as of March 31 stood at $5.89 billion. As per its most recent earnings release on May 8, it posted Q1 2025 revenues of $1.38 billion, above the consensus estimate of $1.02 billion, while EPS of $0.54 missed the consensus of $0.67.
First Merchants, Terreno Realty, and Evergy are good choices for investors seeking reliable passive income. Their dividend yields of over 3% and long history of consistent hikes make them attractive to income-focused investors.
Check out this article by Benzinga for three more stocks offering high dividend yields.
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