Three Dividend-Paying Stocks to Consider for Passive Income: Hess Midstream, Duke Energy, and Stanley Black & Decker

Hess Midstream, Duke Energy, and Stanley Black & Decker are appealing to income-focused investors due to their long history of paying dividends and consistently hiking them. Hess Midstream has raised dividends every year for the last eight years, with a current dividend yield of 6.80%. Duke Energy has raised dividends consecutively since 2007, with a current yield of 3.40%. Stanley Black & Decker also offers a dividend yield of 3.22%. These companies have recently announced dividend increases and currently offer dividend yields of up to nearly 7%.

Income-focused investors are increasingly turning to companies with a proven track record of paying dividends and consistently raising them. Three such companies—Hess Midstream, Duke Energy, and Stanley Black & Decker—are currently appealing to investors due to their long-standing dividend policies and recent increases.

Hess Midstream (NYSE: HES) has raised dividends every year for the past eight years, with a current dividend yield of 6.80%. This midstream energy company specializes in the transportation and storage of crude oil, natural gas, and refined products. Hess Midstream's stable cash flows and conservative balance sheet make it an attractive option for income investors seeking reliable monthly dividends [1].

Duke Energy (NYSE: DUK) has been consistently raising dividends since 2007, with a current yield of 3.40%. Duke Energy operates in the electric utility sector, providing regulated electric and natural gas services. The company's stable revenue streams and strong balance sheet contribute to its ability to maintain and increase dividends over time [1].

Stanley Black & Decker (NYSE: SWK) offers a dividend yield of 3.22%. This diversified manufacturer of tools, industrial equipment, and security products has a long history of paying dividends and has recently announced dividend increases. Stanley Black & Decker's strong balance sheet and diversified revenue streams support its dividend growth [1].

These companies have recently announced dividend increases, making them attractive options for income-focused investors seeking high yields. However, it is essential to consider each company's specific risks and market conditions before making investment decisions.

References:
[1] https://finance.yahoo.com/news/7-dividend-stocks-buy-2-101500385.html