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Why Brookfield Infrastructure, Mid-America Apartment Communities, And Delek Logistics Are Winners For Passive Income

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Why Brookfield Infrastructure, Mid-America Apartment Communities, And Delek Logistics Are Winners For Passive Income
Why Brookfield Infrastructure, Mid-America Apartment Communities, And Delek Logistics Are Winners For Passive Income

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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.