Dividend Stocks have outperformed the broad market by 222% over the past 60 years and have proven to be some of the best investments during a recession.
That’s why we here at profitable news have isolated the top 3 dividend stocks to create lucrative passive income, even during the worst recessions
Stock #1: Magellan Midstream Partners (MMP)
Dividend Yield: 8.2%
52-Week Range: $43.58 – $53.85
(NYSE:MMP) is a master limited partnership (MLP) that operates pipelines and storage terminals in the U.S. Its portfolio of assets includes the longest pipeline system of refined products stateside as well as several crude oil pipelines.
This MLP mainly operates a fee-based business. Midstream assets that handle refined products account for roughly 75% of its business.
On May 5, Magellan released Q1 results. Revenue increased 7% YOY to $674.7 million. Net income declined to 78 cents per diluted share, down from 99 cents a year ago. The MLP generated a free cash flow of $239.5 million during the quarter.
Stock #2: Lumen Technologies (LUMN)
Dividend Yield: 8.4%
52-Week Range: $9.31 – $15.45
The next stock on our list is Lumen Technologies (NYSE:LUMN), a telecommunications company that provides an integrated platform for enterprises and consumers worldwide. The platform offers voice and data connections, cloud connectivity, co-location and data center services, and security solutions.
Lumen released Q1 results on May 4. Revenue declined 8% YOY to $4.68 billion. Adjusted EPS stood at 63 cents, up from 44 cents per share in the prior-year period. The company generated a free cash flow of $846 million. Cash and equivalents ended the period at $366 million.
Management accelerated investments in fiber optics, multi-gig services, and other architectures as it positions for growth in gaming, virtual reality, work, and other high-bandwidth services.
Stock #3: EPR Properties (EPR)
Dividend Yield: 6.2%
52-Week Range: $41.14 – $56.38
Our final stock on this list is EPR Properities (NYSE:EPR) is a real estate investment trust and specialized REIT that owns experiential properties, including movie theaters, waterparks and ski resorts. REITS are legally required to pay out 90% of their taxable income, making them a relieable source of dividends even during harsh market conditions.
EPR Properties has raised it's earnings guidance from a range of $4.30 to $4.50 to a range of $4.39 to $4.55 after strong Q1 results. EPR also recently raised its monthly dividend by 10%, bringing its new yield up to 6.2%
Bonus Stock: Star Bulk Carriers Corp. (SBLK)
Dividend Yield: 26.74% (As of May 13, 2022)
52-Week Range: $16.56-33.99
For a bonus, this company specializes in the transportation of bulk cargo worldwide. It's found in the portfolio of 20 hedge funds and could be a massive opportunity for dividend investors.
For more ways you could secure reliable gains, check out the “one stock retirement” strategy, which has scored triple-digit gains like…100% in 9 Days, 204% in 14 Days, even 373% in 8 Days! It's also designed to work in any market condition. Simply click the button below for immediate access.