13 Best Dividend Stocks Paying Over 6%

3. Hess Midstream LP (NYSE:HESM)

Dividend Yield as of January 9: 8.55%

Hess Midstream LP (NYSE:HESM) is among the best dividend stocks with high yields.

Raymond James downgraded Hess Midstream LP (NYSE:HESM) to Market Perform from Outperform and did not assign a price target. The change came as the firm reshuffled ratings across the midstream supplier group ahead of 2026. Raymond James said the broader midstream backdrop still looks supportive, but investor expectations have shifted. The focus is now less about riding industry tailwinds and more about execution, specifically which companies can turn favorable conditions into dependable, repeatable cash flow.

Hess Midstream LP (NYSE:HESM)’s latest quarter showed a fairly steady operating picture. In Q3 2025, the company reported net income of $176 million, slightly below the $180 million posted in Q2. Adjusted EBITDA moved higher, rising to $321 million from $316 million in the prior quarter.

Margins remained a key strength. The company’s gross adjusted EBITDA margin held near 80%, which is well above its 75% target. That kind of margin performance points to strong operating leverage and cost discipline, even as results fluctuate modestly quarter to quarter.

On the distribution side, Hess Midstream continued delivering on its payout framework. The third-quarter distribution included the targeted 5% annual growth per Class A share. It also included an additional lift tied to the company’s $100 million share repurchase, which can support per-share metrics over time.

Hess Midstream LP (NYSE:HESM) provides midstream services such as gathering, processing, storage, and transportation for crude oil, natural gas, and natural gas liquids.