WPC - 5 Top Passive-Income Stocks to Buy in April
2023-04-05 07:35:00 ET
Investing in dividend-paying stocks is one of the easiest ways to generate passive income. While you can find dividend stocks in all sectors, real estate stands out as a top spot for income since many real estate investment trusts (REITs) pay attractive dividends that steadily grow. Five REITs that look like excellent buys for income this April are Agree Realty (NYSE: ADC) , Camden Property Trust (NYSE: CPT) , Extra Space Storage (NYSE: EXR) , Realty Income (NYSE: O) , and W. P. Carey (NYSE: WPC) .
Agree Realty is a great passive-income producer. The REIT pays a monthly dividend that currently yields 4.2%. The company has grown that payout at a 6.1% compound annual rate over the last 10 years.
The REIT grows by acquiring single-tenant retail properties leased to high-quality tenants in sectors resistant to e-commerce. It has a long runway to continue growing because high-quality retailers own over 160,000 properties, giving Agree Realty a large pool of potential acquisitions. Future deals should enable the REIT to keep increasing its dividend.
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5 Top Passive-Income Stocks to Buy in April