VZ

Verizon Communications Inc.

51.64
USD
1.75%
51.64
USD
1.75%
45.55 56.85
52 weeks
52 weeks

Mkt Cap 213.80B

Shares Out 4.14B

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3 Top Dividend Stocks for Passive Income That'll Let You Sleep Peacefully

Passive income doesn't necessarily mean pacifying income. In other words, some investments that offer the potential to generate income are the kinds that will keep you up at night worrying. The good news is that's not always the case. Here are three top dividend stocks for passive income that'll let you sleep peacefully. 1. Medical Properties Trust Even with improvements in healthcare, it's a safe bet that people will continue to get sick and have to go to the hospital. We're not going to see hospitals go extinct in our lifetimes or even in our great-grandchildren's lifetimes. As one of the world's largest owners of hospitals, that makes Medical Properties Trust (NYSE: MPW) the kind of stock that you don't have to worry about. Medical Properties Trust currently owns around 440 hospitals in 10 countries. The company doesn't actually operate those facilities, though. Instead, it's a real estate investment trust (REIT) that leases facilities to 53 hospital operators. As a REIT, Medical Properties Trust must distribute at least 90% of its taxable income to shareholders in the form of dividends. The company has increased its dividend payout for 10 consecutive years. Its yield tops 6.1%. You won't have to give up growth opportunities in exchange for Medical Properties Trust's solid income, either. Over the past 10 years, the stock's total return has outperformed that of the S&P 500. 2. Brookfield Renewable We don't have to be Nostradamus to predict that the demand for renewable energy will increase significantly in the coming years. Countries and major corporations across the world have committed to slashing their carbon emissions. Wind and solar sources are now cheaper alternatives for bulk energy production than fossil fuels. I think all of this makes Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) a fantastic stock to buy for generating passive income. Brookfield Renewable owns hydroelectric, wind, solar, and storage facilities on four continents. The company's current capacity totals more than 21 gigawatts. Brookfield Renewable's development pipeline holds the potential to nearly quadruple its capacity. The company's distribution has increased by a compound annual growth rate of 6% since 2011. Its distribution yield currently stands at close to 3.6%. Brookfield Renewable has delivered a total return of more than 360% over the past 10 years, trouncing the S&P 500. With the company projecting average annual total returns in the ballpark of 15%, this is a safe dividend stock that could realistically double your money in less than five years. 3. Verizon Communications The demand for high-speed internet access anywhere and anytime isn't going away. On the contrary, with the rise of the Internet of Things, demand is much more likely to skyrocket. Verizon Communications (NYSE: VZ) is poised to reap the rewards. Verizon ranks as one of the largest wireless carriers in the world. Mobile analytics researcher RootMetrics named the company's 5G network as the most reliable in the U.S. Verizon expects to cover more than 175 million people with its 5G Ultra Wideband network, its fastest offering, by the end of 2022. Income investors have been attracted to Verizon for a long time. The company has increased its dividend for 15 consecutive years. Its dividend yield currently tops 5.4%. Granted, Verizon hasn't exactly been a growth machine in recent years. Its total return has lagged well behind the overall market. However, Verizon's strong dividend combined with its opportunities in 5G make it one of the best telecom stocks around. 10 stocks we like better than Verizon Communications When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Verizon Communications wasn't one of them! That's right -- they think these 10 stocks are even better buys. *Stock Advisor returns as of April 7, 2022 Keith Speights has positions in Brookfield Renewable Corporation Inc. and Brookfield Renewable Partners L.P. The Motley Fool has positions in and recommends Brookfield Renewable Corporation Inc. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

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