Why I Continue Buying These Top Dividend Stocks Like There's No Tomorrow
I'm still decades away from retirement. This means my focus is on building my portfolio by steadily investing more money into companies I believe can help achieve my financial goals. A core part of my strategy is investing in companies that pay attractive, growing dividends.
Two of my highest-conviction investment ideas right now are Blackstone (NYSE: BX) and Prologis (NYSE: PLD). With shares of these top dividend stocks down sharply over the past year, I'm buying them like there's no tomorrow so I can grow my positions before their shares rebound. Here's why I can't get enough of them these days.
Blackstone is a unique dividend stock. Unlike most companies, it doesn't pay a fixed quarterly dividend. Instead, Blackstone returns 100% of its distributable earnings to shareholders each quarter via dividends and share repurchases. There's some variability with its earnings because of the performance revenues it earns as the investment funds it manages for clients deliver on their return objectives. It collects that revenue as its funds sell assets and realizes a profit.
Source Fool.com
