Searching for Passive Income? Explore These Dividend Payers with Growing Payouts

Passive income is a sought-after source of financial stability for many investors. One popular way to generate passive income is through dividend-paying stocks. These stocks not only provide regular income but also have the potential for capital appreciation over time. In this article, we will highlight three companies that have recently announced significant dividend increases, making them attractive options for investors looking to build a passive income stream.

Hess Midstream LP (NYSE: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 a strong history of dividend increases, maintaining dividend payments for 8 consecutive years and raising 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%. With $1.39 billion in revenue and $142.5 million in net income over the past twelve months, Hess Midstream is a solid choice for investors seeking reliable income and growth.

Prologis, Inc. (NYSE:PLD) is a leading logistics real estate company that focuses on high-barrier, high-growth markets. The company owns or invests in properties and development projects totaling around 1.2 billion square feet across 19 countries, leasing advanced logistics facilities to about 6,700 customers. Prologis has maintained dividend payments for 14 consecutive years and increased them for 10 years. In February, the company hiked its quarterly dividend by 12.6% to $0.96 per share, or $3.84 annually, yielding 3.49%. With $8.51 billion in revenue and $3.18 billion in net income over the last twelve months, Prologis offers investors a stable income stream with the potential for growth.

FinVolution Group (NYSE:FINV) is a leading fintech platform with strong brand recognition in China and international markets, connecting young borrowers with financial institutions. The company has maintained dividend payments for 6 consecutive years and raised them for 4 years. In April, FinVolution announced a 10% increase in its annual dividend to $0.24 per share, yielding 4.97%. With $1.75 billion in revenue and $299.4 million in net income over the past twelve months, FinVolution is a promising option for investors looking for income and growth opportunities in the fintech sector.

In conclusion, dividend-paying stocks like Hess Midstream, Prologis, and FinVolution offer investors the opportunity to earn passive income while also benefiting from potential capital appreciation. By investing in companies with a strong history of dividend increases, investors can build a reliable income stream that grows over time. Consider adding these dividend payers to your portfolio to take advantage of their increasing payouts and potential for long-term growth.