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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Brookfield Infrastructure Partners, Mid-America Apartment Communities, and Delek Logistics Partners have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 10%.
Brookfield Infrastructure Partners
Brookfield Infrastructure Partners (NYSE: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.
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The company has raised its dividends consecutively for the last 16 years. In its most recent dividend hike announcement on Jan. 30, the company increased the quarterly payout by 6% to $0.43 per share, equal to an annual figure of $1.72 per share. The dividend yield on the stock currently stands at 5.27%.
Brookfield Infrastructure Partners' annual revenue as of Sept. 30 stood at $20.57 billion. According to its Q4 2024 report on Jan. 30, the company posted revenues of $5.44 billion and EPS of $0.22. Both figures came in above the consensus estimates.
Mid-America Apartment Communities
Mid-America Apartment Communities (NYSE:MAA) is a real estate investment trust focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and mid-Atlantic regions of the U.S.
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The company has increased dividends every year for the last 15 years. In its most recent dividend hike announcement on Dec. 10, the company raised the quarterly payout from $1.47 to $1.515 per share, equal to an annualized rate of $6.06 per share. The dividend yield on the stock stands at 3.89%.
Mid-America Apartment Communities’ annual revenue as of Sept. 30 stood at $2.18 billion. As per its most recent earnings release on Feb. 5, it generated Q4 2024 revenues of $549.83 million and EPS of $2.23. Both figures missed the consensus estimates.
Check out this article by Benzinga for 11 analysts’ insights on Mid-America Apartment Communities.
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Delek Logistics Partners
Delek Logistics Partners (NYSE:DKL) owns and operates logistics and marketing assets for crude oil and intermediate and refined products.
The company has increased its dividends every year for the last 12 years. As per its most recent dividend announcement on Jan. 24, its board of directors raised the quarterly payout from $1.10 to $1.105 per share, which is equal to an annual figure of $4.42 per share. Currently, the dividend yield on the stock is 10.8%.
Delek Logistics Partners' annual revenue as of Sept. 30 stood at $984.92 million. In its most recent earnings release on Nov. 6, the company posted Q3 2024 revenues of $214.07 million and EPS of $0.71. Both figures missed the consensus estimates.
Brookfield Infrastructure Partners, Mid-America Apartment Communities, and Delek Logistics Partners are good choices for investors seeking reliable passive income. Their dividend yields of up to 10% and long history of consistent hikes make them attractive to income-focused investors.
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This article Why Brookfield Infrastructure, Mid-America Apartment Communities, And Delek Logistics Are Winners For Passive Income originally appeared on Benzinga.com
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