Most dividend-paying stocks aim to increase their payouts at least once a year. The average growth rate among members of the S 500 has been around 6% annually over the last five years.

Prologis (NYSE: PLD) and (NASDAQ: EQIX) are anything but average. The real estate investment trusts (REITs) gave their investors big raises last year, continuing their trend of delivering above-average dividend growth. They should have no problem providing an encore performance in 2024.

Leading industrial REIT Prologis increased its dividend by 10% last year. That continued its trend of delivering above-average dividend growth. It has grown its payout at a 12% compound annual rate over the last five years, double the average of the S 500 and REIT sector. That's a strong growth rate for a company that also offers an above-average dividend yield (2.7%, compared to 1.5% for the S 500).

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Source Fool.com