Why Exxon Mobil, Brookfield Infrastructure Partners And ALLETE Are Winners For Passive Income

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Exxon Mobil, Brookfield Infrastructure Partners and ALLETE have rewarded shareholders for decades and recently announced dividend increases. These companies currently offer dividend yields of around 3-4%.

Exxon Mobil 

Exxon Mobil XOM is a global leader in the energy sector. It focuses on the exploration, production and sale of crude oil and natural gas. The company operates through the Upstream, Energy Products, Chemical Products and Specialty Products segments, offering products ranging from fuels and lubricants to petrochemicals. 

Don't Miss:

• This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.
• CEO of Integris gathered a team of senior investment managers who have $34.22 billion in combined owned and managed assets in the West Coast — here’s how to invest in their private credit fund that targets 12% annual interest rate.

Exxon Mobil has raised its dividends every year for the last 42 years. As per its most recent dividend announcement on Nov. 1, the company increased its quarterly dividend by 4% to $0.99 per share, equaling an annual figure of $3.96 per share. Currently, the dividend yield on the stock is 3.49%.

The company's annual revenue (as of Sept. 30) stood at $339.9 billion. According to its most recent earnings announcement on Nov. 1, it posted Q3 2024 revenues of $90.02 billion, worse than the consensus of $93.94 billion, while the EPS of $1.92 beat the consensus estimate of $1.88. 

Check out this article by Benzinga for an overview of Exxon Mobil's price over earnings.

See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.

Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. BIP is one of the largest owners and operators of critical global infrastructure networks, facilitating the movement and storage of energy, water, freight, passengers and data.

The company has increased its dividends every year for the last 15 years. According to its most recent dividend hike announcement on Feb. 1, its board of directors raised the quarterly dividend by 6% to $0.405 per share, which is equal to $1.62 annually. The current dividend yield on the stock stands at 4.71%.

Brookfield Infrastructure Partners’ annual revenue (as of Sept. 30) stood at $20.6 billion. On Nov. 6, the company reported its Q3 2024 results, posting revenues of $5.27 billion, beating the consensus estimate of $1.90 billion and an EPS of ($0.18), missing the consensus of $0.14.

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. 

ALLETE

ALLETE, Inc. ALE is an energy company that generates electricity from coal, biomass co-fired natural gas, hydroelectric power, wind and solar energy. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 nonaffiliated municipal customers. 

The company has raised its dividends every year for the last 13 years. On Jan. 26, it announced its most recent dividend hike: The board of directors increased the quarterly dividend by 4.10% to $0.705, which is equal to $2.82 annually. Currently, the dividend yield stands at 4.37%.

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?

The company’s annual revenue (as of Sept. 30) stood at $1.6 billion. According to ALLETE’s most recent earnings report on Oct. 30, it posted Q3 2024 revenues of $407.20 million, compared to the consensus estimate of $391 million and an EPS of $0.78, compared to the consensus of $0.93.

Exxon Mobil, Brookfield Infrastructure Partners and ALLETE 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.

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.