Looking For Passive Income? Check Out These Dividend Payers That Keep Increasing Payouts

Investors seeking reliable income and growth often look to stocks with a strong history of dividend increases. Here, we spotlight three companies—Hess Midstream LP, Prologis, Inc., and FinVolution Group—that have recently announced significant dividend hikes.

Hess Midstream

Hess Midstream LP HESM is a fee-based, growth-oriented midstream company that owns, operates, develops, and acquires a diverse set of midstream assets, primarily located in the Bakken and Three Forks Shale plays in North Dakota. 

The company has maintained dividend payments for 8 consecutive years and raised them for 7 years. In October 2023, Hess Midstream announced a 2.7% increase in its quarterly dividend to $0.6516 per share, or $2.6064 annually, yielding 7.30%. 

Over the past twelve months, Hess Midstream generated $1.39 billion in revenue and $142.5 million in net income.

Prologis

Prologis, Inc. PLD is a leading logistics real estate company, focusing on high-barrier, high-growth markets. As of March 31, 2024, it owned or invested in properties and development projects totaling around 1.2 billion square feet across 19 countries. Prologis leases advanced logistics facilities to about 6,700 customers, primarily in business-to-business and retail/online fulfillment sectors.

The company has maintained dividend payments for 14 consecutive years and increased them for 10 years. In February, Prologis hiked its quarterly dividend by 12.6% to $0.96 per share, or $3.84 annually, yielding 3.49%. 

Over the last twelve months, Prologis reported $8.51 billion in revenue and $3.18 billion in net income.

FinVolution 

FinVolution Group FINV is a leading fintech platform with strong brand recognition in China and international markets, connecting young borrowers with financial institutions. Established in 2007, the company has pioneered China’s online consumer finance industry, developing advanced technologies in credit risk assessment, fraud detection, big data, and artificial intelligence. 

FinVolution has maintained dividend payments for 6 consecutive years and raised them for 4 years. In April, the company announced a 10% increase in its annual dividend to $0.24 per share, yielding 4.97%. 

Over the past twelve months, FinVolution generated $1.75 billion in revenue and $299.4 million in net income.

Looking For Higher-Yield Opportunities?

The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider. 

For example, the Jeff Bezos-backed investment platform just launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings. 

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