You may not think that you have enough to get started on building your stream of passive income from dividend stocks, but here's some good news: You don't need a lot of money to get started in dividend investing. The biggest journeys start with a small step, so here are three great dividend stocks that you can buy right now for less than $50 each.
Foot Locker (NYSE: FL) might not be the first name that comes to mind when you think of dividends, but this is a great dividend stock that you can buy right now for less than $50. At the current stock price, shares of Foot Locker yield over 4%, well above the market average. Franchise Group (NASDAQ: FRG) is another top-notch dividend stock that is even cheaper than Foot Locker and yields even more. Shares trade at just under six times earnings and yield over 7%, which is hard to beat in today's market. Let's stay in the world of ultra high-yield stocks with our final selection, Altria (NYSE: MO). Shares of the tobacco giant yield a whopping 8.4%.
Source: NASDAQ
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Looking for high dividend stocks at a discount? This BDC yields 9.26% and went ex-dividend on 9/29/22. It has one of the highest dividend growth rates in the BDC industry. It's selling at a 14.4% discount to NAV/Share, much cheaper than BDC avgs., and its P/NII is also much lower than avg. NII/Share is up 11% so far in 2022.
Maybe you should take a look at Crescent Capital BDC (NASDAQ:CCAP). It's a Business Development Company, a "BDC". BDCs invest in privately held companies, offering retail investors access to a part of the market that's normally the domain of Venture Capital and private equity companies. CCAP is focused on originating and investing in the debt of private middle-market companies which are also supported by sponsors.
Source: Seeking Alpha
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The defense industry is known for engineering marvels and cutting-edge technology. As an investment, defense stocks tend to be reliable passive income producers thanks to a business cycle that operates somewhat independently from the broader economy.
These well-rounded companies can be a great source of passive income in a diversified portfolio: Lockheed Martin (LMT -2.22%), Raytheon Technologies (RTX -4.65%), and General Dynamics (GD -3.17%) stand out as three defense stocks to buy now.
Source: Motley Fool
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The best REITs to buy provide some of the best dividend ratios that you can find in the market. When the economy is cooking, many REITs are a can’t-miss investing opportunity. But what about now, when the economy is struggling, mortgage rates are elevated, and brick-and-mortar retailers are watching their customers turn to e-commerce? Never fear – there are still some great REITs to buy today. You just need a little help to guide you – and that’s where my Portfolio Grader comes in.
If you're looking for a regular income stream, then it wouldn't hurt to look for great REITs to buy: Camden Property Trust (CPT): This REIT focuses on its apartment complexes in the southeastern United States. Host Hotels & Resorts (HST): Host Hotels & Resorts bills itself as the world’s biggest hotel and lodging REIT. Prologis (PLD): E-commerce has been a huge tailwind for Prologis, which is a REIT that leases warehouse properties. Public Storage (PSA): If you particularly think that the U.S. is headed toward a recession, then Public Storage should be on your buy list. Rexford Industrial Realty (REXR): Trade between China and the U.S. continues to be a sore point, and that’s surely affecting REXR stock. CubeSmart (CUBE): Customers flock to CubeSmart if they’re moving, downsizing, need a temporary or permanent storage solution for household or business items. Extra Space Storage (EXR): The Utah-based company operates more than 2,000 self-storage facilities in 41 states, totaling about 1.4 million units.
Source: InvestorPlace
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Regardless of your situation, the regular payments that monthly dividend stocks provide can make planning your finances easier, especially if you rely on your portfolio for income. They can also help calm your fears about a struggling market as you receive consistent dividends each and every month.
Take a look at some of the best monthly dividend stocks and what makes them stand out: Main Street Capital Corp. (MAIN) is a private equity firm that invests in lower-middle-market companies with revenues between $10 million and $150 million. Realty Income Corp. (O) is a real estate investment trust that invests in commercial properties. SL Green (SLG) is a REIT that invests in office buildings and shopping centers in New York City and is Manhattan’s largest office landlord, according to the company’s website. AGNC Investment Corp. (AGNC) is a REIT that invests in residential mortgages. EPR Properties (EPR) describes itself as an experiential REIT. It invests in commercial properties, primarily focused on entertainment. Apple Hospitality REIT (APLE) is a REIT that invests in upscale hotels in the United States. Its extensive portfolio includes 219 hotels with more than 28,700 guest rooms. Prospect Capital Corp. (PSEC) is a business development company that makes debt and equity investments in middle-market companies in the United States.
Source: Go Banking Rates
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