2 Top Passive Income Stocks to Buy In August
U.S. gross domestic product (GDP) declined 0.9% in the second quarter, which was the second consecutive quarter that U.S. GDP declined. A technical recession is defined as at least two consecutive quarters of negative gross domestic product growth, so the probability that the U.S. economy is in a recession is elevated.
With a determination yet to come from the National Bureau of Economic Research on whether the U.S. is officially in a recession, one thing is for certain: Investors would be wise to start loading up on recession-resilient income stocks. Here are two real estate investment trusts (REITs) to consider scooping up in August, which have also raised their dividends through past recessions.
Realty Income (NYSE: O) is a triple net lease REIT with more than 11,200 single-tenant properties. In addition to cutting monthly base rent checks, the company's tenants are responsible for paying property taxes, maintenance, insurance, and utilities.
Source Fool.com
