2 Top Stocks to Buy for Income and Upside Potential
Dividend-paying stocks can pack a powerful one-two punch. They generate passive income and can deliver stock price appreciation. Historically, dividend payers have produced a 9.6% average annual total return, according to data from Hartford Funds and Ned Davis Research. That has outperformed the total return of the S&P 500 equal-weighted index (8.2% average annual total return).
Companies that routinely increase their dividend payments have produced even more powerful total returns. They've averaged 10.7%, compared to a 7.1% average annual total return from companies with no change in their dividend policy.
Two companies with great track records of producing growing dividend income and achieving high total returns are Blackstone (NYSE: BX) and Brookfield Renewable (NYSE: BEPC) (NYSE: BEP). With more growth ahead, they stand out as top stocks to buy for those seeking income and upside potential.
Source Fool.com
