Dividend Challengers 2025: Top 25

3. HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Dividend Yield as of April 29: 6.60%

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) is a real estate investment trust company that specializes in leasing space and providing financing for renewable energy and sustainable infrastructure projects.

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) niche focus gives it a competitive edge, often referred to as a “green moat,” setting it apart from others in the green infrastructure space. While the company carries more debt than ideal, management expects adjusted earnings per share to grow annually by 8% to 10% through 2027, driven by strong growth in both managed assets and its own portfolio. As these investments mature, the debt burden is anticipated to decline.

At the end of December 2024, HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) had $130 million available in cash and cash equivalents, up from $62.6 million in December 2023. The company generated over $5.8 million in operating cash flow. It currently offers a quarterly dividend of $0.420 per share, having raised it by 1.2% in February this year. This marked the company’s fifth consecutive year of dividend growth. As of April 29, the stock has a dividend yield of 6.60%.