5 Dividend Stocks Yielding 5% or More to Buy Right Now for Passive Income

• Verizon has accrued its dividend for 19 years successful a row.

• Oneok has delivered implicit a 4th period of dividend stableness and growth.

• NNN REIT has accrued its dividend for 36 consecutive years.

• 10 stocks we similar amended than Oneok ›

Investing successful high-yielding dividend stocks tin beryllium a large mode to make passive income. While the S&P 500's dividend output of astir 1.2% is adjacent its grounds low, galore companies connection overmuch higher-yielding dividends. Here are 5 with yields of 5% oregon much that you tin bargain close present to make passive income.

Clearway Energy's (NYSE: CWEN)(NYSE: CWEN.A) dividend yield is conscionable implicit 5%. The cleanable powerfulness institution generates very unchangeable currency travel by selling the bulk of its energy nether long-term, fixed-rate powerfulness acquisition agreements with utilities and ample corporations. The institution aims to wage retired astir 70% of its unchangeable currency travel successful dividends, portion retaining the remainder to put successful further income-producing cleanable powerfulness procreation assets.

The institution presently has the fiscal capableness and secured investments to enactment its expectations of delivering 7% to 8% compound yearly currency travel per stock maturation done 2030. Meanwhile, Clearway believes it tin turn its currency travel by 5% to 8%+ annually successful 2031 and beyond. That dependable maturation should enactment continued dividend increases.

NNN REIT (NYSE: NNN) has a much than 5.5% dividend yield. The existent property concern spot (REIT) invests successful single-tenant, triple-net-leased (NNN) existent estate, chiefly retail and work properties (e.g., car washes, convenience stores, and restaurants). These properties nutrient precise unchangeable rental income due to the fact that tenants screen each spot operating costs.

The REIT pays retired astir 70% of its unchangeable currency travel successful dividends, retaining the remainder to reinvest successful income-producing retail properties. It besides boasts a blimpish equilibrium sheet, giving it further flexibility to put successful caller properties. It typically buys properties via sale-leaseback transactions secured done existing tenant relationships. These deals turn its income, enabling NNN REIT to steadily summation its dividend, which it has done for 36 consecutive years.

Pipeline elephantine Oneok (NYSE: OKE) has a 5.5% dividend yield. The institution besides generates precise unchangeable currency flow, with the bulk coming from long-term, fixed-rate contracts oregon government-regulated complaint structures. That has enabled the institution to present implicit a 4th period of dividend stableness and growth.

Oneok has invested heavy successful expanding its midstream operations successful caller years, including making respective acquisitions. The institution is inactive moving to seizure respective 100 cardinal dollars of outgo savings and commercialized synergies from these deals. Additionally, it has respective integrated enlargement projects successful the backlog, which it expects to implicit done the mediate of 2028. It has ample fiscal flexibility to enactment its maturation acknowledgment to its steadfast post-dividend escaped currency travel and a top-notch equilibrium sheet. Oneok's maturation drivers and fiscal spot enactment its program to summation its dividend by 3% to 4% annually.