In a time of higher interest rates, investors are seeking out higher-yielding investments that offer the potential for passive income. While interest rates are expected to decrease soon, several companies are still offering enticing dividends that have the potential to rise in the future.

Leading the pack is Brookfield Renewable, which currently boasts a yield of around 5%. This renewable energy company generates stable cash flow by selling its renewable power to utilities and corporate buyers under long-term contracts. With these agreements tied to inflation, the company's cash flow is expected to increase by 2% to 3% annually. Additionally, their focus on margin enhancement activities is projected to boost their bottom line by around 2% to 4% yearly. As the company invests in a growing pipeline of development projects and makes accretive acquisitions, it anticipates growing its cash flow per share by over 10% annually through at least 2028. With a history of growing its dividend by 6% annually since 2001, Brookfield Renewable is attracting investors seeking a sustainable and growing income stream.

Kenvue, a leading consumer health company, offers a dividend yield of around 4.5%. Backed by strong cash flow generated from iconic brands like Listerine and Tylenol, Kenvue aims to continue its heritage of dividend growth. Following a recent dividend increase of 2.5%, the company expects steady organic revenue growth driven by rising demand for its legacy products. Furthermore, Kenvue is utilizing its cash flow to invest in innovative products and repay debt, positioning itself for a future of increasing dividends. As the former subsidiary of Johnson & Johnson, which has increased its dividend for over 60 consecutive years, Kenvue is well-equipped to follow in its parent company's footsteps.

Mid-America Apartment Communities, a residential real estate investment trust (REIT), currently offers a dividend yield of more than 4%. This company generates a consistent income stream from rental income on its portfolio of apartments, focusing on growing metro areas where occupancy rates remain high and rents continue to rise. By investing in new multifamily development projects and expanding its portfolio, Mid-America Apartment Communities expects to sustain its dividend growth. In fact, the REIT raised its dividend by 5% last year, marking its 14th consecutive year of dividend growth.

Williams, a natural gas pipeline giant, provides a dividend yield of 4.5%. The company enjoys stable cash flow backed by long-term contracts and regulated rate structures. With a dividend history that spans 50 years, Williams has consistently grown its payout at a rate of 6% annually since 2018. The company's strong balance sheet, ability to fund expansion projects, and make accretive acquisitions position it well for future growth. With a backlog of organic expansion projects and a continuous focus on long-term earnings growth of 5% to 7%, Williams has the potential to continue increasing its dividend distribution.

These four high-yielding dividend stocks, Brookfield Renewable, Kenvue, Mid-America Apartment Communities, and Williams, offer attractive opportunities for investors seeking passive income. With dividend yields exceeding 4% and a history of increasing dividends, these companies are positioned to continue their dividend growth in the coming years. Investors looking to capitalize on this potential are encouraged to consider these stocks before the Federal Reserve begins cutting rates.