3 Dividend Stocks I'd Buy Right Now
I'm a big fan of generating passive income, which is why I love investing in dividend stocks. The main thing I use that money for right now is buying more income-paying stocks so I can continue growing my cash flow streams. Three stocks that currently sit at the top of my buy list to either add to my portfolio or current position are General Electric (NYSE: GE), Enterprise Products Partners (NYSE: EPD), and Medical Properties Trust (NYSE: MPW). Here's why these stocks are the first ones I'd buy the next time I have some available cash.
The stock of industrial giant GE has tumbled this year, falling more than 23%, even though the S&P 500 has risen 12%. Because of that decline, GE's dividend yield has grown to an appetizing 4%. It's a well-supported payout since it only consumes about $8 billion of cash, which is less than half the $16 billion to $20 billion it expects to pull in this year.
Image source: Getty Images.
Source: Fool.com
General Electric Co. Stock
With 35 Buy predictions and not a single Sell prediction General Electric Co. is an absolute favorite of our community.
With a target price of 162 € there is a slightly positive potential of 10.2% for General Electric Co. compared to the current price of 147.0 €.
