BEPC - 5 Beginner Stocks to Generate Passive Income
Sitting in traffic to get to the office on time, keeping your work from home space clear and clean, performing our actual work duties -- few people will argue that work seems like, well, a lot of work. Fortunately, dividend stocks enable investors to get paid for doing nothing.
But newbie investors may feel like trying to identify tickers to build passive income streams sounds like hard work in and of itself. Think again. Let's consider why 3M (NYSE: MMM) , Brookfield Renewable Corporation (NYSE: BEPC) , Essential Utilities (NYSE: WTRG) , Phillips 66 (NYSE: PSX) , and Realty Income (NYSE: O) are smart stocks to form the foundation of your dividend stocks basket.
A wise choice for inexperienced investors, 3M, an industrials stalwart in an elite group of stocks: the Dividend Kings . Not only do you receive the reassurance that management has the wherewithal to maintain (and raise) its distribution to shareholders -- it's been doing it for 64 consecutive years -- but you receive an attractive 4.6% forward yield. While the company's track record of dividend raises isn't a guarantee that the trend will continue in the future, it does provide some confidence that management will succeed in deftly navigating the challenging macro environment looming on the horizon
For further details see:
5 Beginner Stocks to Generate Passive Income