Looking to add some passive income to your portfolio? Consider investing in dividend stocks, which offer a steady stream of income through dividend payouts. In this blog post, we’ll explore some of the best dividend stocks available to buy now, with a focus on those with high dividend yields. So if you’re interested in generating reliable passive income through investing, read on to discover our top picks!
Best Dividend Stocks To Buy Now! Passive Income Stocks With High Dividend Yields that I am buying!
Introduction
Creating a passive income stream is a dream for many investors and it has become more important now than ever before. With the market’s volatile nature, investors are looking for stable investments that can generate a consistent cash flow. Dividend stocks are one of the best options for investors who want to create a passive income stream. In this article, we will dive deep into the best dividend stocks to buy now in order to generate passive income. We will examine the top picks from a reliable source, review their performance, and decide which stocks to add to our portfolios.
The Best Dividend Stocks to Buy Now
Here are some of the top dividend stocks that should be considered by investors:
W. P. Carey Inc. (NYSE: WPC)
W. P. Carey Inc. is a real estate investment trust (REIT) that has seen an impressive revenue growth and has a stable cash position. This REIT has a history of increasing its dividend payments making it a very lucrative passive income stock. The company’s stock is currently trading at $73.67, with a dividend yield of 5.31%.
Magellan Midstream Partners, L.P. (NYSE: MMP)
The Magellan Midstream Partners Company is a publicly-traded petroleum product handling transportation and storage company. This company has consistently increased its dividend payments, making it a reliable choice for investors looking to build a passive income stream. The company’s stock is currently trading at $41.94 with a dividend yield of 6.9%.
Delek Logistics Partners, L.P. (NYSE: DKL)
Delek Logistics Partners is a partnership that largely specializes in logistics and marketing of oil and refined products. The company generates impressive cash flows, making it a reliable source of passive income for investors. The company’s stock is currently trading at $32.65 with a dividend yield of 10.17%.
3M Company (NYSE: MMM)
3M is a multinational conglomerate that has been consistently increasing its dividend payments for 65 years. As a result, 3M has become a household name and a go-to company for investors looking to add a stable source of income to their portfolio. The company’s stock is currently trading at $168.75, with a dividend yield of 3.56%.
Enterprise Products Partners L.P. (NYSE: EPD)
Enterprise Products Partners specializes in midstream natural gas and crude oil pipelines. It has a history of growing earnings and has received high ratings from analysts. This is one of the reasons why it is considered a reliable choice for investors looking to build a passive income stream. The company’s stock is currently trading at $19.59, with a dividend yield of 10.28%.
U.S. Bancorp (NYSE: USB)
U.S. Bancorp is a bank holding company that has been consistently raising its payouts for the past 12 years. This impressive feat has made it a popular choice among investors looking to build a passive income stream. The company’s stock is currently trading at $39.64, with a dividend yield of 4.61%.
Northrim BanCorp, Inc. (NASDAQ: NRIM)
Northrim BanCorp is an Alaskan bank holding company that offers loan and depository services. While it is a small company, it is a reliable source of passive income for investors. The company’s stock is currently trading at $29.71, with a dividend yield of 3.71%.
Medifast, Inc. (NYSE: MED)
Medifast is a company that specializes in nutrition and weight loss products. In recent years, it has seen a rise in its dividends every year since 2015, making it a reliable choice for investors looking for dependable passive income stocks. The company’s stock is currently trading at $116.09, with a dividend yield of 2.15%.
Verizon Communications Inc. (NYSE: VZ)
Verizon Communications is a telecommunications company that has strong consumer momentum according to analysts. This has made it a popular choice for investors looking to invest in a reliable source of passive income. The company’s stock is currently trading at $59.07, with a dividend yield of 4.22%.
Conclusion
In conclusion, investing in dividend stocks can be a great way for investors to generate passive income. We have reviewed some of the best dividend stocks available, including those mentioned in the popular video, 12 Cheap Dividend Stocks Worth Considering. Whether you’re a seasoned investor or new to the world of investing, these stocks provide a good starting point for building a passive income stream. However, as with any investment decision, it’s important to conduct thorough research and consult with a financial advisor to ensure that you make an informed decision.
