Top Dividend Stocks Offering Highest Yields for a $100 Investment Today
In the realm of dividend growth stocks, three names stand out - Realty Income (O), Invitation Homes (INVH), and Rexford Industrial Realty (REXR). These companies have demonstrated a strong commitment to increasing their dividends and offer attractive returns for investors seeking dependable income and long-term growth potential.
**Realty Income (O)**
Realty Income is a leading player in the dividend growth stock market, renowned for its consistent monthly dividend payments. Since its Initial Public Offering (IPO) in 1994, Realty Income has raised its dividend 131 times, including for the last 111 straight quarters. The company boasts a low dividend payout ratio and a strong balance sheet, allowing it to maintain a high dividend yield while continuing to grow through acquisitions.
With a compound annual dividend growth rate of 4.2%, Realty Income has averaged a robust total return of 13.6% since its IPO. Its current dividend yield stands at around 5.5%, making it an appealing option for income-focused investors.
**Invitation Homes (INVH)**
Invitation Homes specializes in single-family rental properties in fast-growing metro areas. The company has consistently raised its dividend annually since going public in 2017, including a 3.6% increase last year. Invitation Homes' focus on sector-leading growth in same-store net operating income positions it well for continued success.
At a dividend yield of approximately 3.5%, Invitation Homes offers a solid income stream with growth potential.
**Rexford Industrial Realty (REXR)**
Rexford Industrial Realty is highly focused on the industrial assets market in Southern California, a region known for its low vacancy rates and high barriers to entry. This focus allows for strong rent growth potential. Over the past decade, Rexford's dividend has grown at a compound annual rate of 13%, one of the highest rates among real estate investment trusts (REITs).
With a dividend yield of around 4.7%, Rexford Industrial Realty provides a steady income stream while offering growth potential. The company also has the financial flexibility to continue making value-enhancing acquisitions.
In addition to these three standout dividend growth stocks, McCormick & Co. (MKC) and Atmos Energy (ATO) are also worth mentioning. McCormick, with a 39-year streak of consecutive annual dividend increases, and Atmos Energy, with a 41-year streak, offer consistent dividend payments and strong growth track records.
Dividend growth stocks have consistently outperformed nondividend payers by more than 2-to-1 over the past 50 years. Companies that grow their dividends have generated an average return of 10.2%, making them an attractive option for long-term investors.
In conclusion, Realty Income, Invitation Homes, and Rexford Industrial Realty are strong choices for investors seeking dependable income and long-term growth potential. These stocks' growth track records, high dividend yields, and focus on strategic markets make them smart dividend growth stocks to invest in.
Realty Income, with its consistently high dividend yield and long history of increases, is an attractive option for income-focused investors, having raised its dividend 131 times since its IPO in 1994.
Invitation Homes, specializing in single-family rental properties, offers a solid income stream with growth potential, having increased its dividend annually since going public in 2017.
Rexford Industrial Realty, known for its focus on the industrial assets market in Southern California, provides a steady income stream and growth potential, boasting a dividend growth rate of 13% over the past decade.
These three stocks, Realty Income (O), Invitation Homes (INVH), and Rexford Industrial Realty (REXR), are smart dividend growth stocks to invest in for those seeking dependable income and long-term growth potential.
