High Dividend Yield (5%+) With High Growth (9%+)

Most dividend stocks have a trade-off between yield and growth.

Companies with high dividend yields generally don’t grow their dividends a lot.

It makes sense why.

Those companies are paying out a lot of their earnings in dividends rather than reinvesting to grow the business.

It isn’t a bad thing, just different.

On the flip side, companies with high dividend growth usually don’t have high dividend yields.

Those companies are keeping their extra cash to expand the business, and grow their dividends.

However, there are a few companies giving a taste of high yields and high dividend growth.

How do they do it?

Let’s take a look.

First up is a Real Estate Investment Trust (REIT), VICI Properties (ticker: VICI).

VICI Properties is a REIT focused on travel and entertainment such as casinos, hotels, and restaurants.

Its dividend yield is 6.4%, which is excellent.

But VICI Properties also provides some excellent dividend growth.

The REIT went public in 2018 and started paying dividends in the same year.

Since 2018, VICI Properties is averaging over 9% dividend growth each year.

VICI Properties has really benefited from the post-COVID travel bump.

Its revenue and income have tripled since 2020, allowing VICI Properties to raise its dividend.

But its stock price is down recently, which is driving up its dividend yield.

People are worried about a slowdown in travel hurting VICI Properties.

However, during COVID, all of its tenants paid their rent on time.

Things might not be great, but they certainly won’t be worse than COVID.

Now is an excellent time to lock in a great dividend yield.

Hess Midstream (ticker: HESM), an oil & gas pipeline, is one of my favorites.

Hess Midstream owns and operates pipelines to move oil and natural gas from extraction to transportation hubs.

Hess Midstream had a rough 2025, but not its dividend.

Chevron, Hess Midstream’s largest customer, announced it was cutting back production last year.

The stock price fell, but the dividend keeps chugging along.

Over the last 5 years, Hess Midstream is averaging 9.5% dividend growth every year.

And just last week, it announced another dividend increase, which is 9% higher than last year.

The recent stock price drop is also doing wonders for Hess Midstream’s dividend yield.

Its current dividend yield of 8.6% is one of the highest in the company’s history.

Last up is Virtus Investment Partners (ticker: VRTS), an asset management firm.

Virtus manages around $170 billion in assets across many independent investment managers.

Most asset managers run everything themselves.

But Virtus acquires established investment managers and partners with them to run their funds.

Virtus started dividend payments in 2014, but only started raising payments in 2018.

In just 7 years, Virtus has more than quintupled its dividend payment.

While its 5.6% dividend yield isn’t as high as the others, I don’t think anyone is going to complain.

And here’s the best part.

Virtus’s dividend payout ratio is only 34%, which means there’s plenty of room to continue its dividend growth.

Do you own any stocks with high dividend yields along with high dividend growth?

Send me a list!

Michael Jennings, Editor

This post originally appeared at Dividend Stocks Research.

Category: Dividend Stocks