3 Dividend Stocks Yielding 5% to Buy Right Now for Passive Income
Investing in dividend stocks can be a fantastic way to generate passive income. Many high-quality companies offer higher-yielding payouts. Furthermore, several of these top-notch income producers steadily increase their payouts yearly, making them better than the fixed income you could earn from a bond.
Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), Kinder Morgan (NYSE: KMI), and Vici Properties (NYSE: VICI) stand out as great income stocks to buy right now. They all offer dividend yields of at least 5%, putting them several times higher than the S 500's sub-1.5% dividend yield. Meanwhile, they have solid records of increasing their payouts each year, which seems very likely to continue.
Brookfield Renewable is one of the world's leading renewable power producers. It has a globally diversified portfolio of hydro, wind, and solar energy assets that generate clean electricity. It sells that power to utilities and large corporate buyers under long-term power purchase agreements. Those contracts supply the company with stable and growing income (70% link power rates to inflation).
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 16 Buy predictions and 1 Sell predictions.
At the moment Brookfield Corp. has reached the predicted target price of 42 €, with a current price of 41.6 €.
