Three stocks stand out in the market with an average yield that is more than three times the average dividend payer in the S&P 500 index. While tech stocks have been dominating the market, there are still high-yield dividend stocks that offer great potential for investors.
Medtronic, Agree Realty, and Realty Income are three top picks for investors looking to grow their passive income. At recent prices, these stocks offer an average yield of about 4.7%.
Medtronic, a leader in innovative medical devices, has a history of consistently raising its dividend payout. With a focus on new technologies and a recent acquisition that boosts its revenue, Medtronic is poised for steady growth in the coming years.
Agree Realty, a real estate investment trust, offers a 4.7% yield and has a track record of increasing its dividend over the years. With long-term net leases and predictable cash flows, Agree Realty is a solid choice for investors seeking steady income.
Realty Income, another net-lease REIT, focuses on commercial properties that are not heavily impacted by e-commerce. With a diverse portfolio and a strong credit rating, Realty Income is well-positioned to continue raising its dividend payout.
Overall, these three stocks offer attractive yields and potential for growth in the years ahead. Investors can rely on them for consistent passive income and long-term wealth accumulation.