Not only do they have the potential to grow over time, but more importantly, they earn reliable passive income. Real estate investment trusts (REITs) are my favorite type of dividend stock to buy because they are required to pay at least 90% of taxable income in dividends, earning more income than a traditional dividend stock can offer. EPR Properties (NYSE: EPR), Medical Properties Trust (NYSE: MPW), and Simon Property Group (NYSE: SPG) all have dividend yields of 6% or more right now -- close to three times more than the dividend return of the S&P 500.
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