These 3 Dividend Stocks Are Passive Income Machines
Many stocks pay a dividend. However, some stand out for their ability to consistently increase that payout over time. That makes them ideal for those seeking to collect passive income.
Three stocks that have been passive income machines over the years are Digital Realty Trust (NYSE: DLR), Agree Realty (NYSE: ADC), and Realty Income (NYSE: O). Here's a look at why income-focused investors will want to consider adding at least one of these real estate investment trusts (REITs) to their portfolio.
Matt DiLallo (Digital Realty): Digital Realty has been an exceptional dividend stock over the years. The data center REIT has increased its dividend payment every year since its initial public offering (IPO), pushing its current streak to 17 straight years. The company has grown its payout at a 9.8% compound annual rate during that time frame.
Source Fool.com
