MAA - 3 Stocks Down 25% or More to Buy for Decades of Passive Income
Passive-income stocks can be some of the best investments to buy during a market correction. Since yield and stock price tend to have an inverse relationship, investors can get access to reliable income at a discount when quality dividend stocks begin to dip in price.
Take Mid-America Apartment Communities (NYSE: MAA) , Crown Castle (NYSE: CCI) , and Digital Realty Trust (NYSE: DLR) . All three stocks have an incredible track record of dividend growth and look well positioned to pay passive incomes for decades to come. Yet all three stocks are trading down 25% or more from the start of 2022, pushing their yields to 2.9% or more.
Here's a closer look at each company and why three Motley Fool contributors believe these solid dividend payers are fantastic buys today.
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3 Stocks Down 25% or More to Buy for Decades of Passive Income