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Consumer discretionary stocks can be an excellent choice for investors seeking reliable income. Restaurant Brands International, LCI Industries, and Genuine Parts have distinguished themselves with consistent payments and regular dividend increases. Furthermore, they offer solid dividend yields of 3-4%.

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Restaurant Brands International 

Restaurant Brands International Inc. (NYSE:QSR) is one of the largest restaurant companies in the world, operating more than 31,000 restaurants in over 100 countries. As of year-end 2023, its portfolio is split among Burger King (7,144 units), Tim Hortons (4,525 units), Popeyes Louisiana Kitchen (3,394 units), Firehouse Subs (1,265 units), and international franchise units of those banners (14,742).

The company has consistently raised its dividends every year since 2015. The most recent dividend hike was announced in February, when the company increased its dividend from $0.55 to $0.58 per share, equating to $2.32 annually. The current yield on the dividend stands at 3.41%.

The company's annual revenue (as of March 31, 2024) is $7.20 billion. Its upcoming quarterly earnings report is scheduled for August 8. Wall Street analysts estimate a quarterly EPS of $0.87 and revenue of $2.10 billion.

Restaurant Brands International stock is down around 11% YTD.

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LCI Industries

LCI Industries Inc. (NYSE:LCII) supplies domestic and international components for the original equipment manufacturers of recreational vehicles and adjacent industries, including buses and trailers to haul boats, livestock, equipment, and other cargo.

The company has consistently raised its dividends every year since 2016. It pays a quarterly dividend of $1.05 per share, equating to $4.20 annually. The current yield on the dividend stands at 4.30%.

The company's annual revenue (as of March 31, 2024) is $3.80 billion. In its most recent earnings report, LCI Industries posted an EPS of $1.44 and revenue of $968 million, beating the consensus estimates.

LCI Industries stock is down more than 20% YTD.

Genuine Parts

Genuine Parts Company (NYSE:GPC) sells automotive replacement parts, and industrial parts and materials globally.