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When looking for reliable dividend-paying stocks, it’s important to choose companies that have demonstrated the ability to not only maintain but also grow dividend payments, even in tough economic times. Highlighted below are three dividend-paying companies that continued to raise their dividends during the 2008 financial crisis and have increased them every year since.
Be sure to read to the end to discover two other high-yield opportunities, with yields of up to 13%.
Realty Income Corp (NYSE:O)
Realty Income, an S&P 500 company, is a real estate partner to the world’s leading companies. Founded in 1969, the company invests in diversified commercial real estate and has a portfolio of more than 15,450 properties in the US, UK and six other countries in Europe. Known as “The Monthly Dividend Company,” Realty Income’s mission is to provide shareholders with reliable monthly dividends that grow over time.
During the last recession, Realty Income increased its dividends four times in 2007, five times in 2008 and another four times in 2009. The company’s most recent dividend increase was announced last week, from $0.2570 per share to $0.2625 per share . With a current dividend yield of 5.73% and a 5-year dividend growth rate (CAGR) of 3.55%, Realty Income has raised its dividend for 26 years in a row.
Enterprise Products Partners LP (NYSE:EPD)
Enterprise Products Partners LP provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products. Between 2005 and 2019, Enterprise Products Partners increased its dividend every quarter, even during the 2008 financial crisis. The company increased its dividend from $0.50 per share to $0.515 per share in the first quarter of 2024.
With a current dividend yield of 7.19% and a five-year dividend growth rate (CAGR) of 3.19%, Enterprise Products Partners has increased its dividend for 25 years in a row.
NNN REIT Inc. (NYSE:NNN)
NNN REIT invests primarily in high-quality retail properties, which are generally subject to long-term net leases. As of December 31, 2023, the Company owned 3,532 properties in 49 states with a gross leasable area of ​​approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.
NNN REIT increased its quarterly dividend in 2007 and 2008. Although the quarterly dividend remained the same in 2009, the annual payout was still higher than in 2008. The company started increasing at least once a year again in 2010 and has continued to do so ever since. With a current dividend yield of 5.36% and a five-year dividend growth rate (CAGR) of 2.47%, NNN REIT has increased its dividend for 34 years in a row.
Other options with high returns
In addition to the three stocks mentioned above, investors looking for high-return opportunities can also consider the following income opportunities for consistent payouts across economic cycles.
Ascent income fund
The Ascent Income Fund aims to provide stable income from senior commercial real estate debt positions and offer attractive returns backed by real assets. With a historic distribution yield of 12.1% and investments in loans with full payment priority, the fund offers investors an attractive income opportunity. Redemption options are available from one year after initial investment, and the fund targets a net annualized return of 11-13%, with distributions paid quarterly or automatically reinvested.
The fund is offered by EquityMultiple and new users of the platform can invest in the fund with a reduced minimum of $5,000.
Click here for more information about the Ascent Income Fund.
Basecamp Alpine Notes
Basecamp Alpine Notes, offered by EquityMultiple, provides investors with a powerful short-term cash management tool, with a target APY of 9.00% over 3 months and a minimum investment of $1,000. These notes offer high liquidity with the shortest maturities of any EquityMultiple investment, and the company charges no fees on any Alpine Note investments. Since inception, the Alpine Note has been EquityMultiple’s most popular offering, with more than 79% of investors choosing to reinvest in Alpine Notes.
Click here for more information about Basecamp Alpine Notes.
When selecting dividend stocks or high-yield investment opportunities, it is crucial to do thorough research and consider factors such as the company’s financial health, growth prospects and the sustainability of their dividend payments. By investing in companies with a proven track record of growing dividends, even in tough economic times, investors can potentially build a more resilient and income-generating portfolio.
This article 3 High-Yield Stocks That Raised Their Dividends During the Last Recession and Every Year Since originally appeared on Benzinga.com
