Income-focused investors are drawn to companies like Philip Morris, Rexford Industrial Realty, and Agree Realty for their consistent dividend increases. Philip Morris raised its dividend to $1.47 per share, yielding 3.77%, while Rexford Industrial Realty and Agree Realty offer yields of 4.21% and 4.25% respectively.

Philip Morris International Inc. (NYSE:PM) offers cigarettes and smoke-free products like IQOS and ZYN. The company recently raised its dividend for the 17th consecutive year to $1.47 per share, resulting in an annual payout of $5.88 per share with a 3.77% dividend yield.

Rexford Industrial Realty Inc. (NYSE:REXR) focuses on acquiring, operating, and redeveloping industrial properties in Southern California. The company has increased its dividend for 12 years, currently offering a 4.21% yield with a quarterly payout of $0.43 per share.

Agree Realty Corp. (NYSE:ADC) acquires and develops properties leased to retail tenants. The company has raised its dividend for 12 years, with a current yield of 4.25% and a monthly payout of $0.262 per share.

Philip Morris, Rexford Industrial Realty, and Agree Realty are solid choices for investors looking for reliable passive income. With dividend yields ranging from 3% to 4% and a history of consistent increases, these companies are appealing to income-focused investors.

Read more at Yahoo Finance: How Philip Morris, Rexford Industrial Realty, And Agree Realty Can Put Cash In Your Pocket