5 Mind-Blowing Dividend Stocks to Grow Passive Income in 2021
Build a Portfolio of Pure Dividend Glory
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It’s no secret that dividend stocks are amazing. While they don’t make the maximum possible profits, they are reliable and require no additional effort. The companies just simply reward you for owning their stock. It’s amazing.
Even better, many companies are just paying out their dividends at the time this comes out. That means their prices will be dipping since many investors sell after the dividend was paid out. It’s a great time to go dividend stock shopping and pick up some more to beef up the portfolio.
As always, do your own research before buying stocks in this article. This is not direct investment advice. Just a list of stocks to consider researching. And without further ado, let’s jump in!
Annaly Capital (NLY)
Annaly Capital is a REIT, which means they’re a real estate investment trust. While they took a hit with the start of Covid, they’ve been slowly recovering since. But regardless of price, their quarterly dividend payout is amazing. They have a dividend yield of 10.71%! It’s the perfect stock to load up on if it ever falls a bit.
AGNC Investment (AGNC)
Similar to Annaly Capital, AGNC Investment is a real estate investment trust. Being in the same sector, AGNC also took a hit due to Covid and has been recovering since. As for dividends, they’re amazing. They pay out dividends every month! And the dividend yield is a whopping 9.33%. Another great stock to stack in your portfolio.
Iron Mountain (IRM)
Iron Mountain works with data storage, media backups, paper shredding, and other related services for businesses. They have an amazing dividend for their shareholders at an 8.67% yield. Keep an eye on this stock for when it dips. The high yield percentage makes it worth keeping to slowly grow.
Gabelli Dividend & Income Trust ETF (GDV-PRH)
This is an ETF that’s focused on dividend income. By investing in this ETF, you’re indirectly investing in tons of companies who all pay great dividends. It’s a great way to diversify your holdings even more while not finding more stocks. Plus you have experts looking after the ETF and choosing what to put the money in. The ETF’s current dividend yield is 4.95% and is a solid choice to store money in.
T Rowe Price Grp (TROW)
This last stock is a company that does investment holdings. Their dividend yield is only 2.33%. However, their stock price has done nothing but grown over the last 5 years and shows no sign of stopping. This stock is more of a long-term hold that’ll pay out some dividends throughout the journey.
That’s it for this list of dividend-focused stocks. Keep an eye on them and when they dip, considering hopping on. They’re a great consistent stream and great for the long term. Let me know what your thoughts are on these companies.
The above references an opinion and is for information purposes only. It is not investment advice. Seek a duly licensed professional for investment advice.
Disclosure: I am long in the stocks mentioned above and have no intention to sell any related shares within the next 72 hours following publication.
