Unlock the Power of Dividend Investing
Investing in dividend stocks is an attractive option for those looking to generate a steady stream of passive income. The best part? You don’t need a fortune to get started. In fact, several top dividend stocks can be purchased for under $175 per share, providing an accessible entry point for beginners.
Three Top Dividend Stocks to Consider
EastGroup Properties: A Dividend Powerhouse
With a track record of 179 consecutive quarterly dividend payments, EastGroup Properties (NYSE: EGP) is a reliable choice for income investors. The real estate investment trust (REIT) has consistently raised its dividend over the years, with a 10.2% increase in August 2023. At a current stock price of around $172 per share, EastGroup Properties offers a 3.3% dividend yield, outpacing the S&P 500’s 1.2% yield.
Mid-America Apartment Communities: A Growing Dividend Stream
Mid-America Apartment Communities (NYSE: MAA) has paid 123 consecutive quarterly dividends, with a 14-year streak of annual dividend increases. The apartment-focused REIT boasts a 3.7% dividend yield at its current stock price of around $161 per share. With a growing portfolio of apartment communities across the Sunbelt region, Mid-America Apartment Communities is poised to continue raising its dividend.
Extra Space Storage: A Leader in Self-Storage
Extra Space Storage (NYSE: EXR) has grown its dividend by nearly 250% over the past decade, with an 8% increase in February 2023. As the leader in the U.S. self-storage sector, Extra Space Storage offers a 3.9% dividend yield at its current stock price of less than $169 per share. With a strong track record of acquisitions and platform additions, Extra Space Storage is well-positioned for continued dividend growth.
Investing in Dividend Stocks for the Long Haul
While these three dividend stocks have impressive records, it’s essential to remember that investing is a long-term game. By starting with a solid foundation of affordable, high-yielding dividend stocks, you can build a stable stream of income that grows over time. So, take advantage of these opportunities and start building your dividend portfolio today!
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