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Why CareTrust, Genuine Parts, And Hess Midstream Are Winners For Passive Income


Published on 2025-03-29 00:21:02 - Benzinga
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  • Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. CareTrust, Genuine Parts, and Hess Midstream have rewarded shareholders for years and recently announced dividend increases.

The article from MSN Money discusses three companies, CareTrust REIT, Genuine Parts, and Hess Midstream, as attractive options for investors seeking passive income through dividends. CareTrust REIT, which focuses on healthcare real estate, has shown a significant increase in its stock value and offers a high dividend yield, appealing to those interested in real estate investment without direct property management. Genuine Parts, known for its automotive and industrial parts distribution, has a long history of paying dividends, with a recent increase in its quarterly dividend, making it a reliable choice for income-focused investors. Lastly, Hess Midstream, involved in the midstream energy sector, provides a substantial yield and has been increasing its dividends, supported by stable cash flows from long-term contracts. Each company's business model supports consistent dividend payments, making them strong candidates for passive income generation.

Read the Full Benzinga Article at:
[ https://www.msn.com/en-us/money/top-stocks/why-caretrust-genuine-parts-and-hess-midstream-are-winners-for-passive-income/ar-AA1BSJHU ]