Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. VICI Properties, Open Text, and Hess Midstream have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 7%.
VICI Properties
VICI Properties Inc. VICI is a real estate investment trust specializing in casino and entertainment properties.
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VICI Properties has raised its dividends every year for the last seven years. In its most recent dividend hike announcement on Sept. 5, the company increased the quarterly payout by 4.2% to $0.4325 per share, equaling an annual figure of $1.73 per share. More recently, in its dividend announcement on June 5, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 5.24%.
VICI Properties’ annual revenue as of March 31 stood at $3.88 billion. The company on April 30 posted Q1 2025 EPS of $0.58 and revenues of $984.20 million, both coming in below the consensus estimates.
How to put $100 in your retirement fund each month with VICI Properties stock? Check out this article by Benzinga to learn more.
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Open Text
Open Text Corp. OTEX is an information management software company that helps companies organize, store, and protect their data.
Open Text has raised its dividend consecutively for the last 12 years. In its most recent dividend hike announcement on Aug. 1, the board increased the quarterly payout by 5% to $0.2625 per share, equal to an annual figure of $1.05 per share. More recently, in its earnings announcement on April 30, it maintained the payout at the same level. The dividend yield on the stock is 3.70%.
The company's annual revenue as of March 31 stood at $5.22 billion. In its Q3 2025 earnings release on April 30, it posted revenues of $1.25 billion, missing the consensus estimate of $1.28 billion, while EPS of $0.82 came in above the consensus of $0.74.
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Hess Midstream
Hess Midstream LP HESM owns, operates, develops, and acquires midstream assets and provides fee-based services to Hess and third-party customers in the U.S.
The company has raised dividends every year for the last eight years. In its most recent dividend hike announcement on April 28, it raised the quarterly payout from $0.7012 to $0.7098 per share, which is equal to an annual figure of $2.84 per share. Currently, the dividend yield on the stock stands at 7.24%.
Hess Midstream’s annual revenue as of March 31 stood at $1.52 billion. The company on April 30 posted Q1 2025 revenues of $382 million and EPS of $0.65, both beating expectations.
VICI Properties, Open Text, 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.
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