3 Elite Dividend Stocks Down 30%+ to Buy Right Now for Decades of Passive Income
Stock market sell-offs can be great opportunities to pad your passive income. That's because dividend yields have an inverse relationship with stock prices. So, with stock prices down and yields up, new investments can generate more passive income.
Shares of leading real estate investment trusts (REITs) Crown Castle (NYSE: CCI), Digital Realty Trust (NYSE: DLR), and Prologis (NYSE: PLD) are all down more than 30% from their peaks over the past year. Because of that, investors can lock in much higher yields from these elite dividend stocks. That should set them up to collect steadily rising passive income for decades to come.
Crown Castle's stock has tumbled 35% from its 52-week high. That sell-off has driven the communications infrastructure REIT's dividend yield up to 4.9%.
Source Fool.com
