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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Delek Logistics, Getty Realty and Ameren have rewarded their shareholders for several decades and recently announced dividend increases. Furthermore, these companies offer high dividend yields of up to 10%.

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Delek Logistics Partners

Delek Logistics Partners, LP (NYSE:DKL) owns and operates logistics and marketing assets for crude oil and intermediate & refined products. 

Delek Logistics Partners has increased its dividends every year since 2013. On July 30, the company's most recent dividend hike announcement, its Board of Directors raised the quarterly dividend from $1.07 to $1.09 per share, which is equal to $4.36 annualized. The current dividend yield on the stock is 9.83%.

As of June 30, Delek Logistics Partners’ annual revenue stood at $1 billion. According to its most recent earnings release on Aug. 6, the company posted Q2 2024 revenues of $264.63 million and an EPS of $0.87. Both figures came in above Street estimates.

Getty Realty 

Getty Realty Corp. (NYSE:GTY) is a publicly traded, net lease REIT that specializes in the acquisition, financing and development of convenience, automotive and other single-tenant retail real estate. As of June 30, 2023, the company's portfolio included 1,053 free-standing properties located in 39 states and Washington, D.C.

Getty Realty has raised its dividends consistently for the last 12 years. As per its most recent dividend hike announcement on Oct. 24, 2023, Getty Realty increased the quarterly dividend by 4.70% to $0.45 per share, equal to $1.80 annualized. The dividend yield currently stands at 5.79%.

Getty Realty's annual revenue (as of June 30, 2024) stood at $197 million. As per the company's most recent earnings announcement on July 24, it posted Q2 2024 revenues of $49.94 million and adjusted Funds From Operations (AFFO) of $0.58. Both figures beat the Street estimates.

Due to year-to-date investment and capital markets activity, the company raised its 2024 AFFO guidance to $2.30 to $2.32 per diluted share from the prior range of $2.29 to $2.31 per diluted share.

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Ameren

Ameren Corporation (NYSE:AEE) operates as a public utility holding company in the U.S. It owns rate-regulated generation, transmission and distribution networks that deliver electricity and natural gas in Missouri and Illinois, serving over 2.4 million electricity customers and 900,000 natural gas customers.

Ameren has increased its dividends every year since 2014. On Feb. 9, the company announced its most recent dividend hike, raising the quarterly dividend by 6.3% to $0.67 per share, which is equal to $2.68 annually. The current dividend yield on the stock is 3.05%. 

“Today’s increase affirms the Ameren Board of Directors’ confidence in our sustainable long-term growth strategy, which includes a robust pipeline of future investments that will continue to modernize the grid, enable our transition to a cleaner energy future, drive increasing value for our customers, support job creation and economic development and provide strong returns for our shareholders,” said Martin J. Lyons, Jr., chairman, president and chief executive officer of Ameren. 

Ameren's annual revenue (as of June 30) is $7.2 billion. As per the company’s most recent earnings announcement on Aug. 1, it generated Q2 2024 revenues of $1.69 billion, below the Street estimate of $1.87 billion, while the EPS of $0.97 beat the consensus estimate of $0.94.

Check out this article by Benzinga for seven analysts' insights on Ameren stock.

Delek Logistics, Getty Realty and Ameren 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.

Check out this Benzinga piece, highlighting three more stocks offering solid dividend yields. 

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This article Looking For Yields: Delek Logistics, Getty Realty And Ameren Are Consistent Moneymakers originally appeared on Benzinga.com