Forever Dividend Stocks: Brookfield Renewable, Invitation Homes, and Realty Income Lead the Way

Three top dividend stocks to hold forever are Brookfield Renewable, Invitation Homes, and Realty Income. Brookfield Renewable has grown its dividend at a 6% compound annual rate since 2001, Invitation Homes has increased its dividend every year since going public in 2017, and Realty Income has raised its dividend payment for 111 quarters in a row. These stocks offer stable and growing cash flow, making them attractive for long-term investors.

Investors seeking stable and growing cash flow should consider adding the following dividend stocks to their portfolios: Brookfield Renewable Partners (NYSE:BEP), Invitation Homes (NYSE:INVH), and Realty Income (NYSE:O). Each of these companies offers a track record of consistent dividend growth, making them attractive for long-term investors.

Brookfield Renewable Partners (BEP)

Brookfield Renewable Partners is a global renewable energy company with a diversified portfolio of assets, including hydroelectric, wind, solar, and storage facilities. The company has grown its dividend at a 6% compound annual rate since 2001 [2]. In its most recent quarter, BEP reported a 14.2% increase in revenue and a 10% growth in funds from operations (FFO) per unit. The company's investment-grade balance sheet has allowed it to be aggressively acquisitive, with recent acquisitions including a 38% stake in Isagen, a Colombian electricity generator and supplier. BEP expects the $1 billion transaction to be 2% accretive to 2026 FFO per unit. The company aims to grow FFO per share by at least 10% in 2025 and is set to compound its dividend by a healthy clip in the years ahead [2].

Invitation Homes (INVH)

Invitation Homes is a real estate investment trust (REIT) that focuses on single-family rental homes. The company has increased its dividend every year since going public in 2017. In its most recent quarter, Invitation Homes reported a 1.6% increase in revenue and a 4.1% increase in funds from operations (FFO) per share. The company's focus on high-quality, well-maintained rental homes has resulted in strong occupancy rates and consistent rental income growth [3]. Invitation Homes has a dividend payout ratio of 85.45% based on cash flow, indicating a sustainable dividend policy [3].

Realty Income (O)

Realty Income is a retail-focused REIT that operates a diversified portfolio of free-standing retail properties. The company has raised its dividend payment for 111 quarters in a row, making it one of the longest-running dividend growth streaks in the market. In its most recent quarter, Realty Income reported a 1.8% increase in revenue and a 2.7% increase in funds from operations (FFO) per share. The company's focus on stable, long-term retail tenants has resulted in consistent rental income growth and a strong balance sheet. Realty Income has a dividend payout ratio of 313.59% based on earnings, indicating a high level of dividend coverage [3].

In conclusion, Brookfield Renewable Partners, Invitation Homes, and Realty Income offer attractive long-term investment opportunities for investors seeking stable and growing cash flow. Each company has a proven track record of consistent dividend growth and a strong balance sheet, making them suitable for long-term investors.

References:

[1] https://finance.yahoo.com/news/phillips-66-psx-dividend-strengthens-054608668.html

[2] https://seekingalpha.com/article/4817664-brookfield-renewable-i-added-its-low-carbon-dividend-to-my-renewables-portfolio

[3] https://www.marketbeat.com/stocks/NYSE/O/dividend/