HSY - 3 Dividend Stocks to Double Up on Right Now
2024-05-23 09:15:00 ET
The market is trading near all-time highs, which can make it hard to find attractively priced stocks to buy. But don't fear, there are strong options out there, even for investors who like dividend stocks. Here's why income investors will want to consider buying, or even doubling up on, Realty Income (NYSE: O) , Hershey (NYSE: HSY) , and Hormel Foods (NYSE: HRL) .
Realty Income is the largest net lease real estate investment trust (REIT). A net lease requires the tenant to pay most property-level operating costs, which, simplifying things greatly, allows the landlord to sit back and just collect rent. Although any single property is high risk, net leases are usually single-tenant properties, so across Realty Income's 15,400 properties the risk is very low.
Add in an investment-grade rated balance sheet, a globally diversified portfolio, and 30 years of annual dividend increases, and dividend investors will probably find the backstory here very attractive.
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3 Dividend Stocks to Double Up on Right Now