Looking For Yields: Avista, Fidelity National Financial And Hess Midstream Are Consistent Moneymakers

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Avista, Fidelity National Financial and Hess Midstream have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of up to 7%.

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Avista Corporation

Avista Corporation AVA is an energy company that produces, transmits, distributes and operates other energy-related businesses. Avista Utilities provides electric service to 415,000 customers and natural gas to 378,000 customers.

The company has raised its dividends consecutively for the last 22 years. According to its most recent dividend hike announcement on Feb. 7, its board of directors raised the quarterly dividend from $0.46 to $0.475 per share, equivalent to $1.90 annually. Currently, the dividend yield on the stock is 5%. 

See Also: During market downturns, investors are learning that unlike equities, these high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.

Avista's annual revenue (as of Sept. 30) is $1.9 billion. According to the company’s most recent earnings announcement on Nov. 6, it posted Q3 2024 revenues of $383.75 million, compared to the consensus estimate of $389.29 million and an EPS of $0.23, compared to the consensus estimate of $0.13.

"Our consolidated financial results reflect a continued improvement from 2023. With headwinds from higher-than-expected power supply, medical and bad debt costs and ongoing legal expenses, we expect to be at the low end of the Avista Utilities guidance range,” said Avista CEO Dennis Vermillion.

Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?

Fidelity National Financial

Fidelity National Financial FNF offers various insurance products in the United States. It offers title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty products.

Fidelity National Financial has increased its dividends yearly for the last 13 years. As per its most recent dividend announcement on Nov. 7, its board of directors raised the quarterly dividend by 4% to $0.50 per common share, equivalent to $2 annualized. The current yield on the stock is 3.18%.

The company’s annual revenue (as of Sept. 30) stood at $13.2 billion. As per the company’s most recent earnings release on Nov. 6, it generated Q3 2024 revenues of $3.60 billion, compared to the consensus estimate of $3.32 billion and an EPS of $1.30, compared to the consensus of $1.39.

How is the market feeling about Fidelity National Financial? Check out this article by Benzinga to learn more.

Trending: 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 with just a $100 minimum. 

Hess Midstream 

Hess Midstream LP HESM owns, operates, develops and acquires a diverse set of midstream assets and provides fee-based services to Hess and third-party customers. It conducts its business through three operating segments: gathering, processing, storage and terminating and exporting. 

Hess Midstream has raised dividends every year since 2017. As per its most recent dividend announcement on Oct. 28, its board of directors increased the quarterly dividend from $0.6677 to $0.6846, equivalent to $2.74 annually. The dividend yield on the stock currently stands at 7.27%. 

Hess Midstream’s annual revenue (as of Sept. 30) stood at $1.5 billion. According to the company’s most recent earnings announcement on Oct. 30, it posted Q3 2024 revenues of $378.50 million, above the consensus estimate of $376.98 million, while the EPS of $0.63 missed the consensus estimate of $0.66.

Avista, Fidelity National Financial and Hess Midstream are good choices for investors seeking reliable passive income. Their dividend yields of up to 7% 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.

Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

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. 

Looking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings.