Dividend investing is a popular strategy, especially in the long term. It provides consistent returns whether a security goes up or drops in value. For individuals setting up a retirement account, it’s vital to consider many stocks that provide dividend payouts.
It is a way of compounding growth and stabilizing an investment portfolio during a bear market. Furthermore, many dividend stocks tend to gradually increase their dividend yield over time, especially during times of improving profitability. Also, this plays a major impact on a long-term portfolio.
Specifically, three dividend-paying stocks with strong buy ratings have experienced impressive share price appreciation over the past year. So, these stocks are all solid additions to an investment portfolio. NewLake Capital Partners (NLCP) NewLake Capital Partners (OTC: NLCP ) is an industrial REIT that provides real estate locations for the regulated cannabis industry primarily through triple net leases .
The firm owns several cultivation facilities and dispensaries. Moreover, NLCP offers investors an annual dividend yield of 8.21%.
Its most recent quarterly distribution was 41 cents per share on March 26. Over this past year, its share price has increased by 59% due to sustained earnings growth and a loosening of restrictions surrounding cannabis legalization. On May 9, NLCP reported earnings for the first quarter of 2024 , stating that total revenue increased by 10% and net income increased by 17% year-over-year ( YOY .
