Investing in dividend stocks can generate passive income without requiring a large amount of capital. Several high-quality dividend stocks are available for less than $33 per share, making it possible to buy one share of three top performers – Brookfield Renewable (NYSE: BEPC), Invitation Homes (NYSE: INVH), and Kinder Morgan (NYSE: KMI) – for under $100.
Brookfield Renewable is a leading global renewable energy producer with shares currently trading below $29. The company pays a quarterly dividend of $0.355 per share, yielding nearly 5% at its recent price. Its dividend has increased by 6% annually since 2001 and aims to grow at a rate of 5-9% in the future.
Invitation Homes is a real estate investment trust (REIT) that owns single-family rental homes with shares recently trading below $33. The company pays a quarterly dividend of $0.29 per share, increasing by 3.6% and yielding 3.6%. Its growth drivers include strong demand for rental housing due to the affordability gap, an expanding portfolio of over 110,000 homes, and partnerships with leading homebuilders.
Both Brookfield Renewable and Invitation Homes have multiple growth drivers that should enable them to continue increasing their dividend payouts. With its high-powered dividend potential and robust growth plan, Brookfield Renewable is a top choice for investors seeking a reliable source of passive income.
Source: https://finance.yahoo.com/news/3-great-dividend-stocks-buy-102800229.html