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@Kokorache 1 week ago

Three dividend stocks with long histories of payout hikes

Three dividend stocks with long histories of payout hikes

An article highlighted three dividend stocks that would generate about $1,550 a year on a $30,000 investment split evenly across them. Realty Income (O) yields 5.1%. It is a large net lease REIT where tenants pay most property costs. Growth is slow but they have raised dividends for 31 years and are starting to expand into data centers and casinos. Enterprise Products Partners (EPD) yields 5.8%. It is an energy MLP that avoids commodity price swings by charging fees for its pipelines and storage. They have a 27-year streak of distribution hikes and a $5 billion capital plan in the works. Hormel Foods (HRL) yields 4.6%. It has a 60-year dividend increase streak. The yield is higher than usual due to a recent rough patch, but organic growth has ticked up for six straight quarters and earnings are starting to rebound.
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