Looking For Yields: Prologis, TXNM Energy And Black Hills Are Consistent Moneymakers

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Prologis, TXNM Energy and Black Hills have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of around 3-4%.

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Prologis

Prologis PLD is a global leader in logistics real estate, focusing on high-barrier, high-growth markets. Formed by the June 2011 merger of AMB Property and Prologis Trust, the company develops, acquires and operates approximately 1.2 billion square feet of industrial and logistics facilities worldwide. 

Prologis has raised its dividends every year since 2014. According to its most recent dividend hike announcement on Feb. 22, its board of directors increased the quarterly dividend by 10% to $0.96 per share, equal to $3.84 annually. Currently, the dividend yield on the stock is 3.36%. 

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The company's annual revenue (as of Sept. 30) is $7.9 billion. Prologis' most recent earnings report for Q3 2024, released on Oct. 16, posted revenues of $1.90 billion, matching expectations and an EPS of $1.43, above the consensus of $1.38.

“The bottoming process is underway as our customers navigate an uncertain environment,” said Hamid R. Moghadam, cofounder and CEO of Prologis. “Looking ahead, the supply picture is improving and the long-term demand drivers for our business remain strong. Going forward, we find ourselves in an enviable position as the partner of choice for leading global customers to meet their needs in supply chain, digital and energy infrastructure.”

How much would it take to earn $100 monthly from Prologis stock? Check out this article by Benzinga to learn more.

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TXNM Energy

TXNM Energy TXNM is a holding company that owns regulated utility companies providing energy to homes and businesses across Texas and New Mexico through its utilities.

The company has raised its dividends every year for the last 12 years. As per its most recent dividend hike announcement on Dec. 5, 2023, the company increased the quarterly dividend by 5.4% to $0.3875 per share, equaling an annual figure of $1.55 per share. The dividend yield on the stock currently stands at 3.46%.

TXNM Energy’s annual revenue (as of Sept. 30) is $1.9 billion. According to the company’s most recent earnings announcement on Nov. 1, it generated Q3 2024 revenues of $569.26 million, compared to the consensus of $588.88 million and EPS of $1.43, compared to the consensus estimate of $1.41.

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Black Hills

Black Hills Corporation BKH is an energy company that operates through its Electric Utilities, Gas Utilities, Corporate and Other segments. These segments operate in states in the Midwest and mountain regions of the U.S. 

The company has increased its dividends every year for the last 54 years. According to its most recent dividend hike announcement on Jan. 26, it raised the quarterly dividend by $0.025 to $0.65 per share, equating to an annual figure of $2.60 per share. The dividend yield on the stock currently stands at 4.36%.

Black Hills' annual revenue (as of June 30) is $2.1 billion. As per the company's most recent earnings release on Nov. 6, it posted Q3 2024 revenues of $401.60 million and an EPS of $0.35. Both figures came in below the consensus estimates.

Check out this article by Benzinga, which highlights how much would it take to earn $100 a month from Black Hills stock.

Prologis, TXNM Energy and Black Hills are good choices for investors seeking reliable passive income. Their dividend yields of around 3-4% and long history of consistent hikes make them attractive to income-focused investors.

Interest Rates Are Falling, But These Yields Aren't Going Anywhere

Lower interest rates mean some investments won't yield what they did in months past, but you don't have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities.

Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

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