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Why Open Text, Fifth Third Bancorp, And Phillips 66 Are Winners For Passive Income

David Kirakosyan

4 min read

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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Open Text, Fifth Third Bancorp, and Phillips 66 have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 4%.

Open Text Corp. (NASDAQ:OTEX) is an information management software company that helps companies organize, store, and protect their data.

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Open Text has increased its dividend every year for the last 12 years. In its most recent dividend hike announcement on Aug. 1, the company raised the quarterly payout by 5% to $0.2625 per share, equal to an annual figure of $1.05 per share. More recently, in its dividend announcement on April 30, it maintained the payout at the same level. The dividend yield currently stands at 3.76%.

The company’s annual revenue as of March 31 stood at $5.22 billion. In its Q3 2025 earnings report on April 30, the company posted revenues of $1.25 billion, below the consensus estimate of $1.28 billion, while EPS of $0.82 beat the consensus of $0.76.

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Fifth Third Bancorp (NASDAQ:FITB) operates as the bank holding company for Fifth Third Bank in the U.S.

Fifth Third Bancorp has raised its dividends consecutively for the last nine years. In its most recent dividend hike announcement on Sept. 12, the company's board increased the quarterly payout from $0.35 to $0.37 per share, equaling an annual figure of $1.48 per share. More recently, in its dividend announcement on March 20, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 3.76%.

The company's annual revenue as of March 31 stood at $8.29 billion. In its Q1 2025 earnings report on April 17, it posted revenues of $2.14 billion, missing the consensus estimate of $2.16 billion, while EPS of $0.73 came in above the consensus of $0.70.

Check out this article by Benzinga for 12 analysts' insights on Fifth Third Bancorp.