The Best Dividend Stocks to Buy for Passive Income
Today I’m going over 8 of the best dividend stocks to buy for passive income in 2022.
These tickers have been yielding cash returns (which I’ve reinvested back) no matter whether the markets are up or down all year long.
Investing in these types of passive income trains is something Warren Buffett has done over the course of his lifetime.
And the sooner you begin investing in dividend stocks, the more you’ll thank yourself later.
Let’s get started!
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Best Dividend Stocks to Buy in 2022
Dividend stock investing can yield big passive income when done right.
Dedication and patience are two key virtues to making the best out of this wealth building strategy.
Here’s a list of the best dividend stocks to buy this year:
#1. VOO (S&P 500)
Dividend Yield: 1.56%
VOO has paid $5.65 per share in the past year during the bull market but is currently paying $1.43 per share in this year’s bear market.
VOO is Vanguard’s S&P 500 ETF which tracks the top 500 performing companies in the United States.
#2. GPC (Genuine Parts Co.)
Dividend Yield: 2.40%
GPC has paid $3.42 per share but is currently paying investors during this bear market $0.90 per share.
Genuine Parts Company is an American service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials.
#3. VNQ (Real Estate REIT)
Dividend Yield: 3.53%
VNQ has paid $2.86 per share but is currently paying investors approximately $0.56 per share in today’s bear market.
VNQ is Vanguard’s real estate ETF which invests in stocks issued by real estate investment trusts (REITs), companies that purchase office buildings, hotels, and other real property.
#4. OMF (One Main Holdings, Inc.)
Dividend Yield: 7.96%
OMF currently pays investors $0.95 per share but has paid them as much as $6.80 per share during the bull market.
OneMain Holdings, Inc. is an American financial services holding company that provides loan products, offers credit cards, and other personal loans.
#5. T (AT&T)
Dividend Yield: 9.71%
AT&T is currently paying shareholders $0.28 per share but has paid investors $1.60 in the past.
AT&T Inc. is an American multinational telecommunications holding company offering internet and cellular services.
#6. NRZ (Real Estate REIT)
Dividend Yield: 9.85%
NRZ stock is currently paying investors $0.25 per share but has paid $1 per share before.
New Residential is a publicly traded mortgage real estate investment trust with a diversified portfolio and a strong track record of performance.
#7. EMR (Emerson Electric Co.)
Dividend Yield: 2.45%
EMR pays shareholders $0.51 per share but has paid investors $2.05 per share prior to today’s bear market.
Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri.
The Fortune 500 company manufactures products and provides engineering services for industrial, commercial, and consumer markets.
#8. ESGV (ETF)
Dividend Yield: 1.26%
ESGV currently pays shareholders $0.20 but has paid investors $0.88 per share in the past.
ESGV tracks the performance of large-, mid-, and small-capitalization stocks.
The ETF specifically excludes stocks of certain companies related to the following: adult entertainment, alcohol, tobacco, cannabis, gambling, chemical and biological weapons, cluster munitions, anti-personnel landmines, nuclear weapons, conventional military weapons, civilian firearms, nuclear power, and coal, oil, or gas.
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Share this list of the best dividend stocks to buy right now with someone you know who is invested in the market.
I personally hold these stocks in my stock portfolio and figured I’d share with my readers which dividend stocks I recommend checking out.
I’d love to hear your thoughts on this list – do you hold any?
Leave a comment down below.
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Related: How to Invest in The Stock Market for Beginners
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Show CommentsWhat about the ones that pay %18 -20%… is there any like that?… i have heard there is…
I understand dividend stocks are safe. But the return seems incredibly low. It seems to me I’ll be better off to feed more money into NVDA or TTD I appreciate the responses. Matt
Absolutely! 👊
I guess I don’t understand dividends. A share of VOO costs 360.00+/-. The current quarterly dividend is 1.43. So…with a share of 360.00, in a quarter, you are rewarded with a dollar and forty three cents? Is that how it works? If so, I can’t see the point. Would you please explain? Thank you! Matt
Hi Matt, that is correct- but the value of that dividend tends to fluctuate (higher during a bull market and lower during a bear market). When you look at building a long-term portfolio you are looking to amount thousands of shares per each dividend paying asset to get the most out of it, especially when creating an income tool. For example, VOO paid $5.65 per share last year, that’s $565 in passive income for someone who held 100 shares, or $5,650 in passive income for someone who held 1,000 shares in their portfolios. And keep in mind, payouts are quarterly. It’s a long-term investing strategy that definitely beats planting funds in a bank.
Dividends are pretty much safe (nothing is guaranteed) and a long term approach to build finances. Nobody knows when this market will hit bottom but it’s great to dollar cost average (DCA) now.
💯💯💯
Let’s start a discussion! Leave your thoughts below.