When it comes to dividend stocks, some of the most reliable companies to focus on are from the infrastructure sector. However, in the case of some companies in this area, it is not only the achievements that can impress investors. The rather high yields are noteworthy. Here are two to consider.

Healthy dividend coverage

The first one is Trust in Octopus renewable energy infrastructure (LSE:ORIT). The trust invests in a range of renewable energy projects, including wind and solar farms. It also has exposure to energy storage systems.

It makes money thanks to the infrastructure it invests in, for example by selling energy to consumers. This provides good cash flow which can then be used to pay dividends to investors.

The share price has fallen 24% over the past year. One reason is this “difficult macroeconomic conditions”which the management team noted in the half-year report. This includes keeping interest rates higher for longer, making up-to-date debt more high-priced to finance Octopus projects.

However, dividend cover is at a solid 1.33 times, which means current earnings per share easily cover the dividend payout. What’s more, stimulating up-to-date initiatives are about to launch, including a up-to-date power purchase agreement with Sky UK, which will come into force from April. These should lend a hand escalate revenues in the coming year.

The dividend yield of 8.76% is very attractive. Although the risk of interest rates remaining at an elevated level in 2025 remains, it is clear that the company will manage to deal with it in 2024.

Diversified infrastructure exposure

The second company investors should consider is HICL Infrastructure (LSE:HICL). The stock provides investors with exposure to a diversified portfolio of key public and private infrastructure assets. These include hospitals, schools and transport networks.

It earns money based on long-term contracts with government entities, local governments and private operators. The income earned from these contracts provides cash flow for distribution to shareholders. To that end, the current dividend yield is just under 7%.

It is true that the share price has fallen by 14% in the last year. This is one of the factors that resulted in an escalate in profitability. The decline can be partially explained by a decline in the valuation of assets in the portfolio. This makes sense because the share price should closely reflect the net asset value of the portfolio. This remains a short-term risk for investors this year.

Investors may find these infrastructure stocks attractive not only because of their high yield, but also because of their diversified portfolio. He is exposed to a wide range of projects and clients. This should protect it from a black swan event in one particular area.

Overall, both income stocks could be attractive for dividend investors to consider, including for the future.