Pursuing Years of Passive Income? Three Stocks Worth Investing in Currently

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Pursuing Years of Passive Income? Three Stocks Worth Investing in Currently

There's no guarantee in Wall Street, not even for reliable dividend stocks like W.P. Carey, which sadly had to lower its dividend despite being on the brink of its 25th consecutive year of an increase. If you're looking for reliable dividend payers that can give you passive income for decades, consider Federal Realty, Toronto-Dominion Bank, and Bank of Nova Scotia.

  1. FedEx Your Dividends with Federal Realty (FRT) Federal Realty, a real estate investment trust (REIT), tops the charts with a staggering 57-year streak of annual dividend increases. This sets it apart as the king of REITs, making it an elite member of the Dividend Kings club. The company focuses on strip malls and mixed-use assets with grocery stores, ensuring a steady source of traffic. Its portfolio is moderate, only around 100 properties, reflecting its quality-over-size mentality. With a 4.3% yield, Federal Realty is a darling for any income investor.
  2. Toronto-Dominion Bank (TD) - The Dividend Survivor TD may not be a Dividend King, but it's been paying dividends since 1857, marking an impressive run. Notably, it managed to maintain its dividend during the Great Recession, a feat not many others have achieved. Currently, the dividend yield is at an alluring 5.1%. True, it's under scrutiny following money laundering accusations and a hefty fine, but it's also investing in strengthening its internal controls. For long-term investors looking for value right now, TD Bank might just be the ticket.
  3. Bank of Nova Scotia (BNS) - The Dividend Giant Scotiabank clocks in the longest dividend payment streak, extending back to 1833. Its dividend yield is more attractive than TD's, currently standing at 5.3%. Unlike TD, Scotiabank hasn't been hit by regulatory issues. However, its focus on Central and South America proved challenging due to market volatility. The bank is working to remedy this, divesting from less desirable markets and investing in the U.S. market. Although the turnaround is expected to take years, Scotiabank's dividend track record combined with its current growth efforts makes it worth a second look by dividend chasers.

In conclusion, Federal Realty, Toronto-Dominion Bank, and Bank of Nova Scotia stand out for their reliability in dividend payments. While TD Bank and Scotiabank offer higher dividend yields with higher risks, they still represent attractive options for long-term investors.

  1. Investing in Stability with Federal Realty For individuals seeking a stable investment in the real estate sector, Federal Realty's track record of annual dividend increases for 57 years is a compelling attraction.
  2. Managing Risk with Careful Finance Decisions Maintaining a diversified investment portfolio can help mitigate risk. When considering dividend stocks like Toronto-Dominion Bank and Bank of Nova Scotia, understanding their financial performance and potential impact on your overall investment strategy is crucial.

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