Investing in dividends stocks is a great way to generate passive income. Many companies pay dividends you can bank on each quarter (and some even pay monthly dividends).  

While investors have many dividend-paying options, real estate investment trusts (REITs) are often ideal for those seeking to collect passive income. Most REITs offer dividends with above-average yields that they steadily increase. American Tower (NYSE: AMT), Stag Industrial (NYSE: STAG), and W. P. Carey (NYSE: WPC) stand out as top-notch REITs to buy for passive income this July.

American Tower currently offers a 3.3% dividend yield. That's double the dividend yield of the S 500 (currently 1.6%). It could turn a $1,000 investment into roughly $33 of annual dividend income. That compares to only $16 of dividend income for every $1,000 invested in an S 500 index fund. 

Continue reading

Source Fool.com