These 3 Stocks Are Passive-Income Warriors
You work hard for your money. Because of that, your hard-earned money should work hard for you. One way to make money on your money is to invest it in stocks that pay a dividend, enabling you to earn some passive income from your investment.
Real estate investment trusts (REITs) are great for making passive income because they have to pay dividends to comply with IRS regulations. However, some REITs stand out for their ability to grow their dividend payment each year. Essex Property Trust (NYSE: ESS), National Retail Properties (NYSE: NNN), and W.P. Carey (NYSE: WPC) have all delivered dividend growth for more than two decades. Here's a closer look at these passive-income warriors.
Essex Properties Trust is a residential REIT focused on owning apartment communities along the West Coast. The company has increased its dividend in each of the past 28 years, qualifying the S&P 500 member as a Dividend Aristocrat. Essex is one of only three REITs in that elite group. Essex also offers an attractive dividend yield of 3.3%, more than double the 1.6% yield of the S&P 500.
Source Fool.com
